JPM: Novartis, Galapagos, Vertex and more
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Today's Rundown

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Biogen CEO Vounatsos summons support to fight Aduhelm’s paralyzing coverage decision

Biogen's take on the Centers for Medicare & Medicaid Services' stifling coverage proposal for Alzheimer's disease drug Aduhelm? "Strong disagreement," CEO Michel Vounatsos said at the top of a Thursday call with investors. 

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Top Stories

JPM22, Day 4: Vertex aims to be cystic fibrosis leader into the 2030s; Gritstone hopes for new cancer biomarker; Galapagos' rebound year

Join us for a rolling look at the top life science news coming out of this year's virtual J.P. Morgan Healthcare Conference.

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JPM 2022: Talkspace faces securities fraud class action suit as consumer revenue declines

Following a mass exodus of leadership that caused its shares to drop 36% in a week, virtual behavioral health company Talkspace now faces a securities fraud class action lawsuit. The suit alleges the company failed to disclose certain growth headwinds before it went public last June.

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AstraZeneca doubles down on BenevolentAI drug hunting partnership, adding heart failure, lupus targets

The next phase will add on heart failure and systemic lupus erythematosus alongside the companies’ ongoing projects in chronic kidney disease and idiopathic pulmonary fibrosis.

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JPM 2022: Novartis rewrites the drug launch playbook with Leqvio, and it doesn't plan to stop there, exec says

When Novartis scooped up The Medicines Company and its promising cholesterol drug inclisiran back in late 2019, the company jumped into a field where some of its pharma rivals had struggled to meet expectations over the years. Now, with approvals on both sides of the Atlantic, Novartis is busy rewriting the drug launch playbook in cardiovascular disease.

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FDA denies Denali's Takeda-partnered Alzheimer's drug from entering clinic

The FDA has thrown Denali Therapeutics' Alzheimer's med into murky waters with a clinical hold before the drug even enters human trials. The move also impacts Takeda, which just last month moved forward on the pair's 2018 deal by opting to co-develop the drug.

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JPM 2022: Bluebird bio hopes for clear skies ahead as it gears up for trio of gene therapy launches

After a false start in Europe, bluebird bio is determined to give its trio of gene therapies a better shot in the U.S. Bluebird is readying the commercial nest ahead of a May decision on its beta thalassemia gene therapy beti-cel, also known as Zynteglo.

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Sarepta, with pivotal data in sight, dumps Lysogene gene therapy

Sarepta Therapeutics is walking away from a partnered gene therapy just months before the readout of a pivotal clinical trial. The biotech stuck with Lysogene through a tough 2020 that featured the death of a child who received their partnered gene therapy but has now decided to exit the deal.

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Biden deploys military medical teams to 6 more 'hard-hit' states, doubles order for free at-home COVID tests

Since Thanksgiving, more than 800 military and other federal emergency personnel have been deployed to support hospitals bending under COVID-19 pressure.

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Stanford’s new five-hour DNA sequencing technique lands Guinness World Record

On average, using a team of Stanford Medicine researchers' new ultra-rapid technique, the entire sequencing and diagnosis process took just eight hours.

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Fending off heart disease by blocking how immune cells 'smell' their surroundings

Scientists at La Jolla Institute for Immunology have discovered that macrophages in arteries could "smell" its surroundings to trigger inflammation in atherosclerosis. Blocking a key protein receptor involved in the process could be a promising target for treating cardiovascular disease, they said.

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JPM 2022: Fosun Pharma invests in Insilico Medicine for its AI drug discovery programs

The collaboration includes an upfront $13 million payment to kick off the company’s R&D projects plus an equity investment in Insilico of an undisclosed amount.

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Insurers applaud CMS' proposal for Medicare to only cover Aduhelm for seniors in clinical trials

Payer groups applauded CMS' proposal to onlycover the controversial Alzheimer's drug Aduhelm for patients in clinical trials.

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JPM 2022: Renalytix plots de novo FDA nod for kidney disease AI, expands into drug response monitoring

After spending the past few years laying the groundwork for a full-scale launch of its KidneyIntelX technology, Renalytix is predicting that “2022 is going to be a heavy year of milestones,” according to CEO James McCullough.

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