Senators restart fight against PBMs in new Congress

Today's Big News

Jan 30, 2023

Sanofi offers retirement scheme to hundreds of staffers at two Indian vaccine plant


10 top M&A targets in biotech for 2023


Senators introduced bills to reform PBMs and create new FTC probe


The top 10 biopharma M&A deals of 2022


Philips cuts another 6,000 jobs as CPAP recall, supply chain snags send 2022 sales down 3%

 

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Sanofi offers retirement scheme to hundreds of staffers at 2 Indian vaccine plants

Citing the evolution of India's healthcare scene during the COVID-19 pandemic, a spokesperson for Sanofi in India told Fierce Pharma that “some activities” at its Medchal and Muppireddypally sites near the city of Hyderabad “are no longer viable.” As a result, Sanofi is offering a voluntary retirement scheme to all staffers at the production facilities. The move could affect some 800 staffers, Reuters reports.
 

Top Stories

10 top M&A targets in biotech for 2023

After a slow 2022, will we see a return to form for biopharma M&A? And, if so, which biotechs does Big Pharma have in its sight? Here are our predictions.

Senators introduced bills to reform PBMs and create new FTC probe

Two senators reintroduced legislation that would install several reforms to PBM practices and a probe from the FTC, signaling that a renewed fight is in the offing for the industry.

The top 10 biopharma M&A deals of 2022

Heading into 2022, top drugmakers had $1.7 trillion in dealmaking firepower, fueling expectations among analysts that the industry was due for a gangbusters M&A year. Well, that didn’t quite pan out. 

Philips cuts another 6,000 jobs as CPAP recall, supply chain snags send 2022 sales down 3%

Another 6,000 jobs are on the chopping block at Philips as the devicemaker continues to grapple with the negative impacts of a still-suffocated supply chain, the ongoing recall of 5.5 million of its respiratory devices and a handful of other global issues.

Biotech pipeline hosts 163 potential meds for mental illness, with depression dominating: PhRMA

Though medicines designed to treat psychiatric conditions have a lower chance of succeeding in drug development than other disease areas, biopharma’s pipeline currently boasts at least 163 medicines targeting mental illness.   

LivaNova nets 2nd Class I recall label to speed up software update for life support pump controllers

A recall of nearly 600 controllers used with LivaNova’s LifeSparc cardiac life support system has received its second Class I label from the FDA—this time, for a software update that aims to fix the issue that originally sparked the recall.

Kaiser Permanente earmarks $25M for gun violence prevention research, collaboration

The five-year commitment will expand the work of Kaiser Permanente's Center for Gun Violence Research and Education, which launched last summer. Leaders at the integrated system said the work has already yielded promising interventions that they hope to expand and scale with community partners.

After trial flop, EU officials take a closer look at Novartis' Adakveo approval

Working to grow the reach of its sickle cell disease medicine Adakveo, Novartis has more than just Pfizer's Oxbryta to worry about. The drug couldn't beat out placebo in a phase 3 trial, prompting the European Medicines Agency to review the med's authorized use.

Moderna's RSV shot nabs FDA breakthrough tag, boosting position in race with Pfizer, GSK

The regulatory sprint toward the first FDA-approved RSV vaccine in older adults continues apace, with Moderna tacking breakthrough designation onto its candidate. The MRNA company's announcement follows competitive phase 3 data released earlier this month, rivaling similar readouts from GSK and Pfizer.

GE HealthCare plots 2023 growth in first solo earnings report

For 2022, GE HealthCare collected $18.3 billion in revenue, compared to about $17.6 billion the year before.

Amgen, navigating 'industry headwinds,' puts 300 commercial jobs on chopping block

Amgen is cutting around 300 jobs in the U.S.—mainly along commercial lines—a company spokesperson said in an email confirming “recently announced organizational changes.”

Tech startup Paradigm lands $203M to get more patients into clinical research, accelerate drug trials

A new tech startup wants to disrupt the clinical trial process and landed $203 million to help scale up its technology. Paradigm, a clinical trial data and patient-matching platform, aims to open up access to research to boost patient recruitment and speed up drug development.
 
Fierce podcasts

Don't miss an episode

'Podnosis': Fierce's JPM Week panel about big retailers reshaping primary care and Ramita Tandon on Walgreens' drug research plans

In this week's episode of "Podnosis," we take you inside Fierce's JPM Week event. Listen in on snippets from a panel on what big retailers have to gain by moving into healthcare. And hear from Ramita Tandon about Walgreens' strategy around drug development.
 

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