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Companies including Sanofi, J&J, Nestle have dropped out.
Sanofi has announced major restructuring, which will involve about 400 job cuts in the U.S.
Now insiders say J&J has decided it is no longer interested.
KaNDy Therapeutics is a clinical-stage company that is focused on female sex-hormone related conditions.
Narasimhan takes over the role of CEO in February as current CEO Joe Jimenez retires.
The latest funding round gives XtalPi $20M in the bank, which the company said makes it “one of the top-funded AI-powered biotechs.”
This Latest move is a wide-ranging effort to boost competitiveness.
Speculation around a possible bid has mounted in recent months.
GlaxoSmithKline CEO Emma Walmsley is eying a big acquisition to spur revenue growth but is making sure that her company will not overpay.
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