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Mon news: Autolus enters CAR-T race with FDA approval. FDA clears clinical hold on Novavax. AbbVie schizophrenia trial failure. Cigna not pursuing Humana. GSK leaving BIO. See more on our front page
Biogen probably should be spending more cash on late stage assets that align with the new portfolio strategy. Here’s the thing though, if these assets don’t work out, Biogen becomes an even juicier target for activists who want to force a merger.