Marty Makary, the British-American surgeon and public health researcher, has resigned as commissioner of the US Food and Drug Administration after serving in the post for just over a year. He will be replaced, on an interim basis, by Kyle Diamantas, the agency’s deputy commissioner for food. The resignation was reported by Politico on 12 May and later confirmed by President Donald Trump to reporters the same day ahead of his trip to China.
Bristol Myers Squibb Co announced a drug discovery and development agreement with Jiangsu Hengrui Pharmaceuticals Co Ltd on 12 May which is expected to yield 13 new products across the oncology, haematology, and immunology sectors and be commercialised across the globe. The deal comes as Hengrui is expanding its market presence outside China and BMS is taking steps to generate new revenue in response to a loss of patent protection on some important medicines.
A panel of life science investors raised concerns at the AngloNordic conference in London on 23 April that early-stage biotech companies are struggling to raise finance. Stephen Hansen, director of biopharma intelligence at BioCentury, cited data showing pre-clinical companies made up 41-42% of financings in 2021/22, but just 25% in 2025. He worried that a vital part of the biotech sector was being neglected in favour of clinical stage ventures, saying: "Somebody's got to be making companies....
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