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Today, we see data from ESMO showing that Roche’s alectinib works well in some early stage lung cancers, see our first preventative dengue pill, and more.
The need-to-know this morning
• The “Roi” in Roivant Sciences stands for “return on investment” and with a blockbuster deal announced Monday, the biotech certainly delivered. Last December, it essentially acquired an experimental drug for inflammatory bowel diseases from Pfizer for $45 million and a commitment to invest in the drug’s development. Less than a year later, Roivant is selling the drug, called RVT-3101, to Roche for at least $7.1 billion.
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