CVS goes live with virtual care service

Today's Big News

Feb 1, 2023

Novartis CEO, as incoming PhRMA chair outlines 3 priorities for pharma after IRA setback


Layoffs continue to batter biotech, with Big Pharmas piling on the pain


CVS Health goes live with virtual care service with a focus on primary care, mental health


Thermo Fisher nears $45B in 2022 revenues, a 15% jump, despite two-thirds decline in COVID test sales


Novartis’ Zolgensma, Leqvio lag among new launches as Entresto and Pluvicto steam ahead

 

Featured

Novartis CEO, as incoming PhRMA chair, outlines 3 priorities for pharma after IRA setback

As the incoming chair of the industry trade group PhRMA, Novartis CEO Vas Narasimhan has ideas about how the industry should respond to the consequential U.S. drug pricing law.
 

Top Stories

Layoffs continue to batter biotech, with Big Pharmas piling on the pain

More companies laid off staff last month than in January 2022, driven by trims at billion-dollar Big Pharmas and smaller biotechs that had to downsize for the second time in less than a year. 

CVS Health goes live with virtual care service with a focus on primary care, mental health

As part of its new virtual primary care offering, CVS Health is expanding telehealth-based mental health services to include appointments with licensed therapists and psychiatrists. 

Thermo Fisher nears $45B in 2022 revenues, a 15% jump, despite two-thirds decline in COVID test sales

2022 was the year that diagnostics makers saw their previously sky-high COVID-19 test sales come crashing back down to earth—but the lucky ones were still able to eke out some overall revenue growth for the year.

Novartis' Zolgensma, Leqvio lag among new launches as Entresto and Pluvicto steam ahead

As Novartis prepares to spin off Sandoz to become a pure-play innovative medicines company, several of the Swiss pharma’s new medicines have started taking diverging launch trajectories.

Embattled Evelo hangs on to CEO while letting go of 48 employees after eczema trial misses goals

Evelo Biosciences’ lead asset has flunked a phase 2 trial in eczema after an unusually high placebo response rate was reported in at least three of four cohorts. The data drop comes as the biotech manages to hang on to CEO Simba Gill, Ph.D., but initiates layoffs.

Baxter links up with Miromatrix to test bioengineered liver replacement therapy

Miromatrix is currently awaiting a green light from the FDA to launch a phase 1 human study, after the agency handed down a clinical hold and requested additional data.

Humana taps leader for CenterWell arm, posts $15M loss in Q4

Humana has named a new leader for its growing CenterWell business, the company announced early Wednesday. The news was released alongside its Q4 earnings.

GSK, after consumer spinoff, touts momentum for core products Cabenuva and Shingrix

With GSK’s consumer healthcare spinoff now in the rearview mirror, the company is operating as the lean, innovative medicines-focused drugmaker CEO Emma Walmsley envisioned years ago. And 2022’s financial performance shows the company’s promise.

Novartis hasn’t given up on TIGIT, CEO insists, as Big Pharma ‘active’ in cancer M&A search

Once seen as a bright hope for immuno-oncology, the reputation of anti-TIGIT checkpoint inhibitors has yet to recover from the double whammy of trial flops that Roche experienced last year. So you can perhaps forgive fellow Swiss drugmaker Novartis for not putting its own TIGIT ambitions front and center.

‘The worst is behind us’: Amid mounting order backlog, Stryker beats own estimates with $18.4B in 2022 sales

Stryker’s net earnings also got a boost. After raking in just below $2 billion in 2021, profits increased by more than 18% a year later, coming out to nearly $2.4 billion in 2022.

Number of people with long COVID appears to be declining, according to CDC data

The number of individuals with long COVID seems to be shrinking, according to an analysis of CDC data by the Kaiser Family Foundation. Nonetheless, uncertainty about the condition abounds.
 
Fierce podcasts

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'Podnosis': What hospitals will need to do to overcome financial woes, and building equity measures into value-based care

In this week's episode of "Podnosis," we discuss post-pandemic hospital financing and what leaders will need to focus on this year and beyond. We also talk about the importance of value-based care and how to account for equitable care.
 

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Learn how Catalent’s extensive network across APAC can meet a wide range of clinical supply needs for sponsors conducting trials within the region.
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