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TG Therapeutics Lands Partner to Market MS Drug in Europe and Beyond – MedCity News

TG Therapeutics Lands Partner to Market MS Drug in Europe and Beyond – MedCity News

A TG Therapeutics multiple sclerosis drug that’s new to the U.S. market will be commercialized in Europe and other regions under a partnership that pays the biotech $140 million up front. According to deal terms announced Tuesday, Neuraxpharm’s payment gets it an exclusive license to commercialize the drug, Briumvi, outside of the U.S. for relapsing...

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Europe Imposes Maximum Fine on Illumina for Early Grail Acquisition – MedCity News

Europe Imposes Maximum Fine on Illumina for Early Grail Acquisition – MedCity News

Illumina closed its acquisition of liquid biopsy company Grail before a European Commission (EC) inquiry of the deal concluded. For that premature action, the commission on Wednesday imposed a €432 million fine—the maximum amount allowed under its rules. The commission contends both Illumina and Grail breached the standstill obligation of European Union merger law, which...