Medtronic adds more dialysis catheters to recall

Today's Big News

Jan 31, 2023

Medicare Advantage plans lose out in final RADV audit rule that ditches fee-for-service adjuster


In mysterious approval, Pfizer quietly wins Ibrance breast cancer expansion


Medtronic lands FDA Class I tag as it adds 369K potentially leaky dialysis catheters to recall


Despite blockbuster Altos, longevity-focused investment drops by $1B: report


Amgen’s Humira biosimilar hits the market with two different list prices

 

Featured

Medicare Advantage plans lose out in final RADV audit rule that ditches fee-for-service adjuster

CMS finalized a new rule to overhaul risk adjustment audits performed on Medicare Advantage plans, including adding several changes that could draw the ire of insurers.
 

Top Stories

In mysterious FDA approval, Pfizer quietly wins Ibrance breast cancer expansion

In an unusual move, the FDA requested an expanded approval of breast cancer drug Ibrance from Pfizer. And the New York pharma won the go-ahead without additional clinical efficacy data.

Medtronic lands FDA Class I tag as it adds 359K potentially leaky dialysis catheters to recall

Just a few months after it began a recall of more than 1 million hemodialysis catheters that were found to be at risk of leakages, Medtronic has spotted the same issue in yet another model of its catheters.

Despite blockbuster Altos funding, longevity-focused investment drops by $1B: report

You might have assumed that given the $2 billion launch of Altos Labs—and all the buzz the startup garnered by poaching GSK veteran Hal Barron to become CEO—that funding in longevity research would be sky high in 2022. But a new report suggests otherwise.

Amgen's Humira biosimilar Amjevita hits the market with two different list prices

After an FDA approval way back in 2016, Amgen's Amjevita is finally available in the U.S. Amgen went with two different price options for the launch, but based on history, the lower-priced option might not be as popular.

White House plans to end COVID emergency declarations May 11

The White House plans to end the COVID-19 national emergency and public health emergency on May 11, the Biden administration said Monday.

Axonics clears FDA to bring latest version of 20-year neurostim implant to U.S.

A month after landing Canadian approval for its updated neuromodulation implant to treat incontinence, Axonics is bringing the fourth-generation R20 device across the border.

Pfizer CEO says R&D is the 'lifeblood that fuels us,' as spending revs up post-COVID

In the pandemic's third year, Pfizer could do whatever it wanted thanks to billions reaped from the COVID-19 shot Comirnaty and antiviral Paxlovid. Instead, executives are signaling a somewhat restrained approach, cutting rare disease assets, seeking external partnerships and bumping up the R&D budget by 8.7% for 2023. 

Pfizer warns Comirnaty sales will plummet by nearly two-thirds in 2023. And Paxlovid won't fare much better

Despite a plan to significantly jack up the price of Comirnaty when the U.S. goes to a commercial model this year for COVID-19 vaccines, Pfizer expects revenue from the shot to plummet by 64% in 2023. And COVID oral antiviral Paxlvoid will be in no better situation, Pfizer said Tuesday.

Know Labs founder Ron Erickson named CEO of noninvasive glucose monitor maker

The third time’s the charm: Two decades after founding Know Labs—then known as Visualant—Ron Erickson is once again stepping into the role of chief executive.

Inovio orders 2nd round of layoffs in 6 months after vaccine flops

Six months after laying off 18% of its workforce, Inovio is sending out more pink slips. This round of redundancies will see 11% of remaining employees heading for the exits as the biotech unveils yet another restructuring.

Euroapi resolves Budapest production snafu after taking 'considerable' financial blow: analyst

Euroapi has made short work of its Hungarian manufacturing snafu. Back in November, the Sanofi spinoff halted batch release and temporarily stopped making prostaglandin products. Now, in the span of two short months, Euroapi says it’s built and rolled out a remediation plan.

Hospitals faced 'worst financial year since the start of the pandemic' in 2022, Kaufman Hall data show

December was the first month in which the hospital sector logged a positive median operating margin, but it wasn't enough to offset "the worst financial year since the start of the pandemic," per Kaufman Hall's latest monthly report.
 
Fierce podcasts

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'The Top Line': What the pharma industry can expect with the new Inflation Reduction Act, and biotech's outlook for 2023

This week on "The Top Line," we hear from Stacie Dusetzina, Ph.D., a professor at Vanderbilt University's Department of Health Policy, about what the IRA means for the pharma industry. We'll also discuss what we can expect from the biotech industry in 2023.
 

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