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US Food and Drug Administration

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Perrigo (PRGO) agrees to sell $380m infant formula business for $40m upfront as impairment looms

Perrigo has agreed to sell its US infant formula business to MeridianMade for up to $175 million, although only $40 million is payable at closing. The planned divestiture could improve margins and reduce future manufacturing investment, but a substantial impairment charge and weak growth in its remaining consumer health business complicate the turnaround.
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Pelthos Therapeutics to acquire Castle Creek Biosciences in gene therapy merger backed by $57.5m financing

Pelthos Therapeutics has agreed to combine with Castle Creek Biosciences, adding a late-stage gene-modified cell therapy programme to its commercial dermatology portfolio. The proposed transaction includes an initial 5.2 million-share issuance, potentially substantial additional consideration and financing arrangements that could materially reshape shareholder ownership.
Cambrex has started construction on a $120 million expansion of its Charles City pharmaceutical manufacturing facility in Iowa, targeting additional active pharmaceutical ingredient and synthetic peptide production capacity by late 2028.
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Cambrex begins $120m Iowa API expansion, but can new peptide capacity deliver commercial returns by 2028?

Cambrex has broken ground on its $120 million Charles City expansion, adding 160,000 litres of capacity for small molecule active pharmaceutical ingredients and synthetic peptides. The project advances a previously announced investment, supported by state incentives and employment commitments, but manufacturing qualification and commercial utilisation will determine its eventual economic contribution.
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Enliven Therapeutics appoints Kristine Ball as $895m-backed leukemia Phase 3 trial nears

Enliven Therapeutics has expanded its board and appointed a new audit committee member as it prepares to initiate a pivotal 450-patient study of relcobatinib before the end of 2026. With FDA alignment secured on the trial design and substantial cash reserves, attention is shifting towards clinical execution, competitive differentiation and eventual commercial readiness.