Amgen swoops on UK cancer biotech in deal worth up to $840mn
Dark Blue Therapeutics was spun out of an Oxford university incubator in 2022
Dark Blue Therapeutics was spun out of an Oxford university incubator in 2022

A decade after exiting oncology, the UK pharma group is betting that R&D and acquisitions will help it hit sales of £40bn

Terns Pharma stock has jumped since promising clinical data on its bone and blood cancer treatment last year

A shortage of late-stage capital pushes the biggest prizes into US hands

Resumption of £300mn in UK projects is a result of trade deal with US that aims to increase medicines spending

Transaction continues a frenzy of M&A activity this year in the healthcare sector

Quarterly proceeds from Keytruda top $8bn for first time