Medicare drug price negotiations coming this fall

Today's Big News

Jan 12, 2023

Mount Sinai, Montefiore nurses return to work after reaching tentative contract agreements


Lilly, Biogen and more gear up for blockbuster launches in 2023: report


Sanofi pumps $750M into VC unit to push deeper into biotech investing


CMS plans to announce first Part D drugs subject to price negotiations this fall


Verily narrows its focus, cutting device work and laying off 15% of staff


JPM23: GSK's Luke Miels on RSV and mRNA vaccines, Blenrep and Zejula withdrawals, plus more


JPM23: After rock climbing in biotech, Novartis' CMO is back to support hopeful hike to US summit


JPM23: What's medtech's place at the conference? CEOs from CVRx, Axogen and more weigh in


DUE JAN. 20—Submit your company nominations now for the Fierce Medtech Fierce 15

 

Featured

Mount Sinai, Montefiore nurses return to work after reaching tentative contract agreements

The three-day strike over wages and staffing ratios involved more than 7,000 union nurses across the two large New York City hospitals.
 

Top Stories

Lilly, Biogen and more gear up for blockbuster launches in 2023: report

In its 11th annual list of Drugs to Watch, data analytics company Clarivate picks 15 which were launched in the U.S. last year or likely to be approved in 2023. In addition to identifying drugs destined for blockbuster status, Clarivate also selected treatments that have the “potential to transform treatment paradigms.”

Sanofi pumps $750M into VC unit to push deeper into biotech investing

Sanofi has thrown its financial weight behind its venture capital unit, making a $750 million, multi-year commitment to enable the financier to build on a year in which it backed 10 companies globally.

CMS plans to announce first Part D drugs subject to price negotiations this fall

CMS plans to unveil the first 10 Medicare Part D drugs that will be subject to price negotiation by Sept. 1.

Verily narrows its focus, cutting device work and laying off 15% of staff

In an email to employees that was also published by the company as a blog post, CEO Stephen Gillett said Verily would no longer pursue multiple lines of business.

JPM23: GSK's Luke Miels on RSV and mRNA vaccines, Blenrep and Zejula withdrawals, plus more

We sat down with GSK's chief commercial officer Luke Miels on the sidelines of JPM. A wide range of topics were discussed, including GSK's anticipated RSV fight with Pfizer, mRNA COVID-flu vaccine opportunity, recent oncology setbacks' impact, an upcoming FDA decision for daprodustat, and the company's M&A appetite.

JPM23: After rock climbing in biotech, Novartis' CMO is back to support hopeful hike to US summit

Novartis' Chief Medical Officer Shreeram Aradhye, M.D., is back after a muscle-building stint in biotech, jumping into 2023 laser-focused on five therapeutic areas and driven by the company’s goal of becoming a top U.S. drugmaker.

JPM23: What's medtech's place at the conference? CEOs from CVRx, Axogen and more weigh in

As biotech and pharma have grown in prominence at the annual J.P. Morgan Healthcare Conference, it begs the question of where medtech makers fit in at the meeting—if at all.

JPM23: As the year gets underway, here's what insurtechs have planned

SAN FRANCISCO—Insurtechs have proven to be one of the more volatile segments of the health insurance industry, and it's with that backdrop that executives at several companies took the stage the J.P. Morgan Healthcare Conference on Wednesday afternoon.

JPM23: Viatris lays out plans to become ophthalmology leader and pull down $1B in eye care sales

After two years of getting on its feet, Viatris is making moves to grow in ophthalmology, with aims to pull down $1 billion in eye care sales by 2028.

JPM23: Not just for chat generators, Nvidia turns AI language models toward genomic, protein data

Instead of training a program to mimic human conversations, Nvidia’s collaboration with the software developer InstaDeep and the Technical University of Munich worked to feed AI models genetic data.

JPM23: After hiatus, Teva looks to amp up research collaborations, CEO says

As Teva’s new CEO Richard Francis settles into his role, he’s already sharing thoughts on strategic priorities just days into the job.

AbbVie takes 2022 TV drug ad spending crown with Rinvoq, knocking last year's winner Dupixent into 2nd place

As AbbVie moved away from promotional spend on its aging mega blockbuster Humira at the same time Sanofi and Regeneron stepped up their TV campaigns for Dupixent in 2021, you might be forgiven for thinking that AbbVie was content to no longer top the annual largest TV drug ad spending lists.

Oramed’s oral insulin flunks phase 3 diabetes test, sending stock down 70%

Oramed Pharmaceuticals’ dream of developing an oral insulin for type 2 diabetes looks to be over. With the candidate failing to beat placebo in a phase 3 trial, the biotech outlined plans to stop development and sent its share price tumbling in the process.
 
Fierce podcasts

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'The Top Line': 2022's rotten tomatoes, plus this week's headlines

This week on “The Top Line,” we discuss the biotech industry’s rotten tomatoes. Plus, we cover the drug approvals of last year, a congressional report on Biogen's "inappropriate" communications with the FDA and other top headlines from this week.
 

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