Biotechnology US drugmakers Moderna and Merck & Co last week released new data on the former’s intismeran autogene and Merck’s Keytruda in the treatment of melanoma. UK pharma major GSK announced an agreement to acquire RAPT Therapeutics, along with its ozureprubart for $2.2 billion. Johnson & Johnson was the first big pharma to announce fourth quarter 2025 financials and forecast further growth. Also of note, Janux Therapeutics entered a collaboration with Bristol Myers Squibb for its investigational oncology drug JANX007 that could earn the company $850 million. 25 January 2026