Drugmaker 340B restrictions grow with Bayer, EMD Serono

Today's Big News

Feb 2, 2023

Siemens Healthineers’ diminished diagnostics division kicks off COVID-light 2023 with 24% revenue drop


Amid mainstream hype, Eli Lilly takes a hard line marketing its buzzy diabetes med Mounjaro


Bayer, EMD Serono announce 340B restrictions in wake of pharma's courtroom win


Lilly execs shrug off Alzheimer's rejection while assuring investors safety was not an issue


Despite COVID testing crash and stagnant base business, BD brightens 2023 outlook

 

Featured

Siemens Healthineers’ diminished diagnostics division kicks off COVID-light 2023 with 24% revenue drop

One quarter after announcing a plan to save around 300 million euros in its diagnostic testing division—namely, by laying off an undisclosed number of workers and exiting less lucrative regions—Siemens Healthineers still aims to stanch the department’s losses.
 

Top Stories

Amid mainstream hype, Eli Lilly takes a hard line marketing its buzzy diabetes med Mounjaro

Amid supply squeezes and mainstream hype for injectable incretin meds as an off-label resource for weight loss, Eli Lilly is attempting to run a tight ship with its marketing of Mounjaro.

Bayer, EMD Serono announce 340B restrictions in wake of pharma's courtroom win

Days after the legal dispute over contract pharmacies shifted in pharma's favor, Bayer and EMD Serono became the 20th and 21st drugmakers with policies limiting discounted product sales to contract pharmacies.

Lilly execs shrug off Alzheimer's rejection while assuring investors safety was not an issue

CEO David Ricks expressed a shrug over the FDA rejection of the accelerated review for Alzheimer’s med donanemab, while the company’s chief scientist batted back concerns that the FDA was worried about safety.

Despite COVID testing crash and stagnant base business, BD brightens 2023 outlook

BD's COVID-19 tests brought in a relatively measly $32 million for the first quarter of its fiscal year 2023, barely one-sixth of the $185 million it earned for the same three months the year prior.

Bristol Myers holds on to blockbuster Sotyktu hopes, plays down Otelza threat

With three first-in-class launches, Bristol Myers Squibb enjoyed a productive year in 2022. One drug, Sotyku, has only been on the market for five months but is performing well so far, BMS says.

BMS knocks down a handful of early cancer candidates amid pipeline cleanout

Bristol Myers Squibb has dumped nearly 10 early to mid-stage assets as part of a new year pipeline cleanout, including a phase 2 solid tumor candidate. The news comes just a day after the company ended a phase 2 trial testing its anti-TIGIT candidate.

FTC slaps GoodRx with $1.5M fine for sharing users' health data with Facebook, Google

The Federal Trade Commission invoked the Health Breach Notification Rule for the first time as an enforcement action against the online pharmacy GoodRx. According to the complaint, the company failed to notify customers and regulators of unauthorized disclosures of consumers’ personal health information.

With COVID windfalls fading, Hologic eyes more tuck-in deals

“Excluding COVID-19 revenues” are the words of the day as Hologic posted coronavirus diagnostic and company-wide sales numbers for the first quarter of its fiscal year.

Merck admits defeat in race with Valneva to get first chikungunya vaccine to market

Once neck and neck with Valneva to get the first chikungunya vaccine to market, it now looks like Merck & Co. has admitted defeat as its French rival reaches the finish line.

BioNTech wraps up construction at German plant, expects full operations to start later this year

Even as mRNA specialist BioNTech plants its manufacturing flag on continents around the globe, the company is still advancing production capabilities at home.

CMS proposes small hike to Medicare Advantage, Part D plan payments in 2024 amid risk adjustment changes

CMS is proposing a 1.03% increase to Medicare Advantage and Part D plan payments for 2024 as well as several changes to the programs' risk adjustment model.

Sherlock Biosciences nabs Sense Biodetection to expand CRISPR diagnostic reach

Sense acquired a CE Mark approval in Europe last year for its Veros test for COVID-19.
 
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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