Trump, Musk aim to 'shut down' USAID

Today’s Big News

Feb 3, 2025
 

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Trump tariffs threaten US drug supplies and risk higher prices, trade groups warn

With President Donald Trump’s tariffs about to take hold, industry groups are warning that the move could hamstring U.S. pharmaceutical supplies and productivity, and put an extra strain on patients’ wallets, too.
 

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UPDATED: Trump to impose tariffs on Canada, Mexico, China; industry lobbies for medtech exemptions

The Trump White House plans to install 25% tariffs on goods from Canada and Mexico, complicating the supply chains of many U.S. medtech manufacturers.

CDC withdraws new scientific publications to scrub specific words: reports

The Centers for Disease Control and Prevention has asked its staff to withdraw any scientific papers currently under consideration for internal or external publication so that certain words can be removed, according to several reports.

Thermo Fisher's layoff spree continues with 300 dismissals in Massachusetts

Despite recent evidence of its financial turnaround, Thermo Fisher’s layoff spree will continue into 2025. According to a Massachusetts Worker Adjustment and Retraining Notification report from last week, the company will lay off 300 workers at its viral vector manufacturing facilities in Cambridge and Plainville

Baxter CEO José Almeida to retire, effective immediately

The news comes just days after Baxter completed the sale of its Vantive kidney care unit through a $3.8 billion deal with the Carlyle Group that had been in the works since last summer.

Trump, Musk aim to 'shut down' humanitarian aid agency USAID: reports

Among its various international efforts, USAID works to strengthen global supply chains and promote access to essential medicines.

Lawmakers urge RFK Jr. to answer to Gardasil litigation conflict-of-interest concerns ahead of confirmation vote

Sen. Elizabeth Warren (D-MA) and Sen. Ron Wyden (D-OR) requested that RFK Jr. commit to recusing himself from vaccine-related decisions if confirmed as the secretary of the Department of Health and Human Services (HHS).

Novartis chided after LinkedIn likes break drug promotion rules

Novartis has become the latest drugmaker to get in trouble over an employee’s LinkedIn likes. The U.K. drug marketing watchdog ruled the employee’s act broke the rules on advertising prescription medicines to the public but placed the blame on the worker, not the company.

Irish biotech's inhaled drug reduces depression in phase 2 trial

Irish biotech GH Research has said the phase 2 win for its inhaled depression drug has “paved the way for future commercial success.”

FDA digital director Troy Tazbaz departs the agency

The head of the FDA’s artificial intelligence-focused Digital Center of Excellence, Troy Tazbaz, is departing the agency during what he described as the early stages of a "technological revolution" in healthcare.

Affibody regains autoimmune asset, claims ex-partner Acelyrin unable 'to fully capitalize' on potential

Acelyrin has punted the autoimmune drug prospect izokibep back to Affibody, completing a retreat from its former lead candidate that began with the axing of development in two diseases in August. The news led Affibody to claim its former partner “has not been able to fully capitalize” on the asset’s potential.

Pfizer's Braftovi combo on track for full approval in win for FDA's Project FrontRunner

Less than two months after an accelerated approval from the FDA, a drug combination featuring Pfizer’s Braftovi has turned in positive trial results that could set it up for a full approval.
 
Fierce podcasts

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What to expect from the biotech IPO market in 2025

This week on “The Top Line,” we zoom in on a Fierce JPM Week panel of industry experts discussing what it will take for biotechs to pull off a successful IPO in 2025.
 

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Whitepaper

The Oncology Market: 2024 Year in Review

This paper reviews key developments in the oncology market during 2024 and outlines what they mean for the future.
 

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