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Good morning. I’m feeling jealous of my colleagues who get to enjoy some good weather today in San Francisco for our Breakthrough West Summit.
The need-to-know this morning
- Relay Therapeutics reported promising Phase 2 data of its drug zovegalisib in a group of rare diseases that cause abnormal vasculature development, sending company shares up 9% in premarket trading.
Lilly tops peers on R&D performance, report finds
Eli Lilly ranked first in not one, but two categories in a prominent analysis of drugmakers’ R&D activity.
Every year, the consulting firm IDEA Pharma ranks companies on innovation, which takes into account revenue from new drugs; and invention, which looks at the number of drugs a company has in development and its R&D investment. This is the first time that one company has ranked first in both categories.
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