1. Stealth Biotech Stipple Bets on Secretive ADCs as FDA Delays Prove Existential for Cash-Strapped Firms
A four-month FDA delay has forced a cash-strapped biotech company to shutter, highlighting the existential threat regulatory holdups pose to small drugmakers while larger players like Neurocrine Biosciences execute multi-billion dollar acquisitions. This stark contrast underscores the high-stakes, winner-take-all press...