Today: 20 March 2026
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NASDAQ:MDGL 18 August 2025

Biotech, Pharma, and Health Breakthroughs You Missed on August 17–18, 2025

Biotech, Pharma, and Health Breakthroughs You Missed on August 17–18, 2025

The FDA approved Tonix’s Tonmya as the first new fibromyalgia drug in over 15 years. Novo Nordisk’s Wegovy received accelerated FDA approval for MASH, becoming the first GLP-1 therapy cleared for the liver disease. Pfizer’s sickle cell drug inclacumab failed a Phase 3 trial, marking another setback after its $5.4 billion Global Blood Therapeutics acquisition. Eli Lilly announced a $1.3 billion AI drug partnership with Superluminal.

Stock Market Today

  • SBI Shares Gain Nearly 2% as PSU Banks Rally on SBI Mutual Fund IPO Filing
    March 20, 2026, 5:02 AM EDT. Shares of State Bank of India (SBI) rose 1.75% on Friday amid a broader rally in public sector undertaking (PSU) banks. The surge followed the filing of draft papers by SBI Funds Management, SBI's asset management arm, for a high-profile initial public offering (IPO) with regulator Sebi. The IPO will be an offer for sale by promoters with no fresh issue, seen as a key step to unlock value in SBI, India's largest mutual fund manager with assets over Rs 12.6 lakh crore. Benchmark indices strengthened, with the Sensex up 0.9% and the Nifty crossing 23,200. The development has lifted sentiment across banking stocks, particularly in the Nifty Bank index.
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