J&J’s talc litigation saga takes surprise turn
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Today's Rundown

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HHS extends COVID-19 public health emergency for another 90 days

HHS Secretary Xavier Becerra has extended the COVID-19 public health emergency for another 90 days, creating potentially the last extension.

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GSK inks $1.9B Sierra takeover as $3M bet on Gilead castoff turns into blockbuster buyout

GlaxoSmithKline has struck a deal to buy Sierra Oncology for $1.9 billion for a near-approval cancer drug, completing a remarkable turnaround for the biotech and the Gilead castoff it bet its future on.

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J&J, 2-stepping through talc litigation, faces fresh claims it hid worker's asbestos exposure

U.S. bankruptcy judge Michael Kaplan this week denied J&J’s bid to block a lawsuit accusing the company of hiding evidence that its industrial talc operations exposed workers to asbestos, Bloomberg first reported.

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FDA approves Boston Scientific's 3D visualization software to program neurostim devices

The stateside approval comes nearly two and a half years after the Stimview XT software received CE mark clearance in Europe in late 2019.

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ProQR slashes 30% of workforce following phase 2/3 blunder

Ophthalmology-focused ProQR is axing 30% of its workforce, including its chief scientific officer, and re-strategizing, more than two months after its most developed asset, sepofarsen, failed to improve vision in kids with congenital eye disease in a phase 2/3 trial. 

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AbbVie president Severino departs to help pilot Flagship Pioneering

Life sciences investor Flagship Pioneering is breaking out the big guns. Days after enlisting execs from Ancestry.com and Novartis, the company has tapped one of its biggest CEO-partners since snagging former FDA commissioner Stephen Hahn, M.D., in June. 

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Mirvie mRNA study predicts premature births 2 months in advance

San Francisco-based startup Mirvie is attempting to open up an earlier diagnostic window in the second trimester, in hopes of expanding the treatment options for patients predicted to experience preterm birth.

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J&J, Roche partner Halozyme buys Antares Pharma for $1B, beefing up drug delivery offerings

Halozyme is best known for its under-the-skin drug delivery platform, with partnerships with the likes of Johnson & Johnson, GlaxoSmithKline and Roche. The company is now buying into the auto-injector realm and setting out to cultivate an internal commercial team.

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Northwell Health-backed JV invests $100M in AI companies tackling health inequities

NEW YORK, New York—Northwell Health's JV, called Ascertain, plans to use $100 million to launch multiple AI companies in 2022 to tackle health inequities, with an initial focus on maternal health and chronic disease detection, executives announced Tuesday.

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Prevencio's AI blood test predicts cardiovascular risk one year out for people with diabetes: study

By using AI to analyze dozens of proteins at once, Prevencio showed its blood test could be accurate in predicting whether a person with diabetes may have a heart attack or stroke within the coming year.

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Nationwide drug spending grew 7.7% in 2021, will increase another 4%-6% in 2022

Nonfederal hospitals saw an 8.4% increase in drug spending during 2021 while clinics shouldered a 7.7% gain, according to a recent report from the American Society of Health-System Pharmacists.

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Bristol Myers Squibb Foundation unites with Gilead to boost diversity among clinical trial investigators

The Bristol Myers Squibb Foundation is expanding its two initiatives aimed at bolstering diversity among clinical trial investigators, adding Gilead as a sponsor.

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