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Good morning. We’re sending the newsletter a bit earlier today to get you some news out of federal court.
The need-to-know this morning
- Novartis reported second-quarter earnings and reaffirmed its 2026 guidance.
- Agios Pharmaceuticals is discontinuing the development of a next-generation drug called tebapivat for sickle cell disease. A Phase 2 study did not establish a “differentiated profile to support continued development,” the company said.
Novo sues Lilly as GLP-1 fight escalates
Novo Nordisk this morning sued Eli Lilly for allegedly running a “deceptive” ad campaign that uses “outdated clinical trials” to make its obesity and diabetes drugs appear more effective.
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