> ## Content Index > Fetch the complete content index at: https://newsletters.qs.com/llms.txt > Use this file to discover other available public pages before exploring further. # πŸ’Š Pharmaceutical Index Stalls. $360M+ VC Funding. - URL: https://newsletters.qs.com/pharmaceutical-index-stalls-360m-vc-funding/ - Published: 2024-04-12T11:30:31.000Z - Updated: 2024-04-12T11:30:30.000Z - Description: Impact Capital Markets #70 looks at our Pharmaceutical index stock index, major impact deals, M&A, and upcoming economic releases. - Author: QS - Tags: Deals [**Zdravo**](https://en.wiktionary.org/wiki/zdravo?ref=newsletters.qs.com) 🍷 πŸ“‰ **Today's Global Economic Update:** At the European Central Bank's (ECB) policy meeting yesterday, policymakers signaled a potential rate cut in June while [opting to keep rates unchanged](https://www.ecb.europa.eu/press/pr/date/2024/html/ecb.mp240411~1345644915.en.html?ref=newsletters.qs.com) in April. The decision follows a steeper-than-expected fall in Eurozone inflation in March, which closed in on the ECB's 2% inflation target. πŸ’‰ **Deal of the Day:** Nectero Medical, a clinical-stage biotechnology company, raised a [$96M Series D](https://necteromedical.com/nectero-medical-announces-completion-of-96m-series-d-financing/?ref=newsletters.qs.com) to support the submission of a New Drug Application (NDA) with the U.S. **What's New?** πŸ’Š **Pharmaceutical.** Pharmaceutical index 3M returns flatline **πŸ’° Funding.** HR, biotech, solar energy + more πŸ’Ό **M&A.** Network, advertising & packaging πŸ“… **Economics.** China GDP, Japan inflation + more ## πŸ’Š Pharmaceutical Index 3M Returns Flatline ![](https://storage.ghost.io/c/f1/d4/f1d411df-6f49-4c75-a302-f8c9e9f59495/content/images/2024/04/HolonIQ_HolonIQ_Pharmaceutical_HIQPHARM_HCHYK7ZTCIF4P2SV2I5W.png) HolonIQ’s Pharmaceutical index has seen limited movement over the past 3 months. Key stocks in the index displayed mixed performance with Eli Lilly & Co. ($724B MCap) gaining 18% and Johnson & Johnson ($359B MCap) falling by 7%. This stagnation aligns with the broader trend in the index, which has been moderating since November. While Eli-Lily and Novo Nordisk have seen some impressive growth in diabetes management drugs, cheaper alternatives are seeking entrance to the market. Hangzhou Jiuyuan Gene Engineering developed a biosimilar with similar properties to Ozempic, Novo Nordisk's weight loss drug, and is currently seeking approval in China. The entrance of such alternatives will pose a challenge to drug offerings by these major pharmaceutical firms. In a development that could have ongoing impacts on the index, Swiss Pharma giant Novartis ($208B MCap) announced a layoff in April, which saw 680 employees being released, while the company also paused its clinical trial for a cancer drug citing concerns surrounding experimental impurities. As Novartis becomes more efficient through the restructuring process, it could potentially pull the index in a positive direction. Recent acquisition activities by AstraZeneca and Bristol Myers Squibb may provide an impetus for some positive momentum to the index as well. ## πŸ’° Funding πŸ’‰ **Nectero Medical,** a Delaware-based clinical-stage biotechnology company, raised a [$96M Series D](https://necteromedical.com/nectero-medical-announces-completion-of-96m-series-d-financing/?ref=newsletters.qs.com) from Norwest Venture Partners to accelerate the execution of its Phase II/III trials and to support the submission of a New Drug Application (NDA) with the U.S. πŸ‘₯ **Factorial,** a Spanish human resources company, raised [$80M](https://siliconcanals.com/news/startups/spanish-factorial-secures-e75m/?ref=newsletters.qs.com) from General Catalyst to support growth efforts and to invest in product development and engineering. 🌞 **Arcadia,** a Washington-based climate software and data company, raised [$50M](https://www.finsmes.com/2024/04/arcadia-raises-50m-in-funding.html?ref=newsletters.qs.com) from Macquarie Asset Management to grow its community solar program. πŸ”‹ **Apricus Generation,** a Florida-based solar energy holding company, raised a [$28M Series A](https://www.prnewswire.com/news-releases/industry-veterans-launch-apricus-generation-to-build-national-distributed-solar-and-battery-development-platform-302113775.html?ref=newsletters.qs.com) to team up with developers and guide solar and battery projects. πŸ“š **Abre,** an Ohio-based K-12 data solution company, raised a [$24M Series A](https://www.finsmes.com/2024/04/abre-raises-24m-in-series-a-funding.html?ref=newsletters.qs.com) from PeakSpan Capital to support innovation in focus areas. πŸ§ͺ **DeepCure,** a Massachusetts-based AI drug discovery company, raised a [$24M Series A](https://www.finsmes.com/2024/04/deepcure-closes-24m-series-a-1-funding.html?ref=newsletters.qs.com) from IAG Capital Partners to progress its immunology and inflammation pipeline. ## πŸ’Ό M&A [](https://www.facebook.com/sharer.php?u=https%3A%2F%2Ftech.eu%2F2024%2F04%2F11%2Fjobcannon-acquires-adsme-a-new-era-in-ai-driven-recruitment%2F)[](https://twitter.com/intent/tweet?text=JobCannon+acquires+Adsme+to+transform+AI-driven+job+recruitment&url=https%3A%2F%2Ftech.eu%2F2024%2F04%2F11%2Fjobcannon-acquires-adsme-a-new-era-in-ai-driven-recruitment%2F&via=tech%5Feu&ref=newsletters.qs.com)[](https://www.linkedin.com/cws/share?url=https://tech.eu/2024/04/11/jobcannon-acquires-adsme-a-new-era-in-ai-driven-recruitment/&ref=newsletters.qs.com) 🎯 **JobCannon,** a Ukraine-based recruitment startup, [acquired](https://tech.eu/2024/04/11/jobcannon-acquires-adsme-a-new-era-in-ai-driven-recruitment/?ref=newsletters.qs.com) Adsme, an advertising and marketing startup in Ukraine. πŸ“¦ **Zeus Packaging Group,** an Irish packaging company, [acquired](https://www.printweek.com/content/news/zeus-group-acquires-weedon-group?ref=newsletters.qs.com) Weedon Group, a UK-based independent integrated corrugated manufacturer. 🌐 **Postman,** a California-based API collaboration company, [acquired](https://www.finsmes.com/2024/04/postman-acquires-orbit.html?ref=newsletters.qs.com) Orbit, a community growth platform provider in California. ## **πŸ“…** Economic Calendar China GDP, Japan Inflation + More ### Friday, April 12th 2024 πŸ‡ΊπŸ‡Έ [US United States Michigan Consumer Sentiment (Preliminary), April](http://www.sca.isr.umich.edu/?ref=newsletters.qs.com) ### Monday, April 15th 2024 πŸ‡ΊπŸ‡Έ [US Retail Sales Data, March](https://www.census.gov/?ref=newsletters.qs.com) πŸ‡¨πŸ‡³ [China GDP Growth Data, Q1](http://www.stats.gov.cn/?ref=newsletters.qs.com) πŸ‡¨πŸ‡³ [China Industrial Production Data, March](http://www.stats.gov.cn/?ref=newsletters.qs.com) πŸ‡¨πŸ‡³ [China Retail Sales Data, March](http://www.stats.gov.cn/?ref=newsletters.qs.com) ### Tuesday, April 16th 2024 πŸ‡¬πŸ‡§ [UK Employment Data, February](https://www.ons.gov.uk/?ref=newsletters.qs.com) πŸ‡©πŸ‡ͺ [Germany ZEW Economic Sentiment Index, April](https://www.zew.de/?ref=newsletters.qs.com) πŸ‡¨πŸ‡¦ [Canada Inflation Data, March](https://www.statcan.gc.ca/?ref=newsletters.qs.com) πŸ‡ΊπŸ‡Έ [US Building Permits (Preliminary), March](https://www.census.gov/?ref=newsletters.qs.com) πŸ‡―πŸ‡΅ [Japan Balance of Trade Data, March](https://www.mof.go.jp/english/index.htm?ref=newsletters.qs.com) ### Wednesday, April 17th 2024 πŸ‡¬πŸ‡§ [UK Inflation Data, March](https://www.ons.gov.uk/?ref=newsletters.qs.com) ### Thursday, April 18th 2024 πŸ‡―πŸ‡΅ [Japan Inflation Data, March](https://www.stat.go.jp/?ref=newsletters.qs.com) ### Friday, April 19th 2024 πŸ‡¬πŸ‡§ [UK Retail Sales Data, March](https://www.ons.gov.uk/?ref=newsletters.qs.com) [](https://www.bea.gov/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) [](http://www.sca.isr.umich.edu/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) [](https://www.bea.gov/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) [](http://www.sca.isr.umich.edu/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) --- **Like getting this newsletter?* For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com)*.* --- **Thank you for reading. 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