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AstraZeneca (AZN.L) secured FDA approval for blood pressure drug Baxfendy

AstraZeneca received U.S. approval for hypertension treatment Baxfendy, giving the drugmaker a new entrant into the large and highly competitive cardiovascular market.

The therapy, also known as baxdrostat, was approved for use alongside existing blood pressure medications in patients with uncontrolled hypertension.

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Eli Lilly claims double crown in pharma R&D rankings

Eli Lilly (LLY) has claimed top position in both principal categories of a prominent annual ranking of pharmaceutical research and development performance, the first time a single company has achieved the feat since the index was established.

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Mankind Pharma posts 30% profit rise on chronic therapies demand

Mankind Pharma (MNKI.NS) reported a sharp rise in quarterly profit on Tuesday, buoyed by robust demand for chronic therapies and consumer healthcare products, as the Indian drugmaker outpaced broader market growth at home even as rivals struggled with deteriorating conditions in the United States.

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Novo Nordisk heart drug disappoints in key trial

Novo Nordisk [NVO] suffered a setback to its drug pipeline on Tuesday after a treatment at the centre of a major acquisition produced disappointing results in a clinical trial for heart failure patients.

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Jazz Pharmaceuticals confounds sceptics with strong Q1 print, but valuation now leaves little room for error

Jazz Pharmaceuticals, the Dublin-headquartered drugmaker, has delivered a markedly stronger first-quarter performance than analysts had anticipated, capping a twelve-month period in which the stock has more than doubled — and prompting a fresh debate over whether the equity now offers meaningful upside or has caught up with the underlying fundamentals.

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Rocket Pharmaceuticals stretches cash runway as priority review voucher sale offsets clinical setbacks

Rocket Pharmaceuticals, the US gene therapy specialist, has bought itself an additional two years of operational runway through the $180mn sale of a regulatory voucher, easing pressure on a balance sheet that had been narrowing as the New Jersey-based group navigated a difficult phase of pipeline development and corporate restructuring.

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