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ADARx jumps in Nasdaq debut after upsized IPO

Shares in ADARx Pharmaceuticals (ADRX) rose 30 per cent above their offer price in Nasdaq debut trading after the late-stage gene therapy developer raised $446.3mn in an upsized US initial public offering.

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All 50 states join Trump's Medicaid drug pricing plan

President Donald Trump announced that all 50 states, the District of Columbia and Puerto Rico will take part in his most-favored-nation drug pricing scheme for Medicaid, the health program for low-income Americans.

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Akeso and Summit's lung cancer drug extends survival beyond Keytruda

Akeso (9926.HK) and Summit Therapeutics (SMMT) have reported that their experimental drug ivonescimab cut the risk of death by 27 percent compared with Merck & Co's (MRK) blockbuster Keytruda, strengthening the case for a class of cancer medicines that has drawn billions of dollars in industry investment.

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