Should Merck buy Seagen? Analysts weigh in
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Today's Rundown

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Galapagos finally takes M&A plunge, spending $251M for 2 biotechs in CAR-T push

Galapagos CEO Paul Stoffels, M.D., has finally taken the plunge on M&A. The newly minted chief executive has signed not one but two deals in an attempt to right the ship, bringing two small biotechs aboard for a combined 239 million euros ($251.4 million).

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VA hits pause on future rollouts of EHR until 2023 while lawmakers raise fresh concerns about patient safety risks

The Department of Veterans Affairs will push off deployment of a new electronic medical records system to additional medical facilities until 2023 to address outages that have plagued the software at current sites.

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Should Merck buy Seagen—and at what price? Analysts and investors weigh in

After a report of a potential Seagen acquisition by Merck emerged, industry watchers have been busy assessing whether a deal would indeed help Merck reduce its dependence on Keytruda and boost return for investors. While Seagen investors liked a $215-per-share price assumed by SVB Securities, Merck shareholders have some doubts.

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Medtronic reinforces spine surgery portfolio with FDA nod for ligament-augmenting implant

Medtronic’s line of devices to strengthen the spine just got a bit stronger itself.

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Optum launches new solution aimed at driving down unnecessary testing

Optum is launching a new health plan solution that aims to reduce unnecessary testing and ensure that patients are receiving the screenings that are best for them.

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Novartis plots Precision attack on sickle cell, paying $75M and putting up $1.4B in biobucks to form in vivo gene editing pact

One year after Intellia’s landmark data, Novartis is making a play for the in vivo gene editing market. The move sees the Swiss pharma pay Precision BioSciences $75 million upfront, with up to $1.4 billion in milestones, to secure rights to a potential treatment for sickle cell disease and beta thalassemia.

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As biosimilars gain steam, Amgen exec lays out its Humira copycat plans

As the industry sees more biosimilar uptake, Amgen says it's well prepared. Last week, the company presented a preview of its annual trends in biosimilars report at the BIO 2022 convention in San Diego. Next year, Amgen is planning to really make its mark with the industry's first US biosimilar of AbbVie's Humira.

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FDA adds Class I tag to Dräger’s recall of 36K ventilator filters

As ventilators and other respiratory devices became more crucial than ever throughout the COVID-19 pandemic, so too did any safety issues embedded in the machines become more apparent.

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Pfizer's Russian profit pledge bears fruit with $5M initial gift, CEO says

After Russia’s war in Ukraine escalated sharply in February, Pfizer swiftly pledged to donate the sum of its Russian profits, declaring the cash would help causes that provide direct support to the people of Ukraine. Three months later, the company says it’s making good on that promise.

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CRISPR Tx's Innovation Day dragged down by multiple myeloma replacement, lackluster results in kidney cancer

Gene editing giant CRISPR Therapeutics is moving away from multiple myeloma candidate CTX120, while a small, separate dataset released yesterday sent the company’s stock plummeting.

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GE Healthcare debuts wireless, wearable hospital patient monitor

Cleared for use in Europe, GE Healthcare aims to make it easier for clinicians to keep track of patients vital signs without performing routine check-ins.

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Eli Lilly finds stigma is one of the worst parts of migraine as it aims to help break the taboo

It turns out that even more than the blinding pain, the nausea, the photosensitivity or crushing fatigue, the worst part of migraine is often the stigma attached to it. Those results are part of Eli Lilly’s fourth OVERCOME migraine data study.

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CMS mulls $810M cut to home health Medicare payments

CMS is proposing an $810 million cut to Medicare payments to home health agencies in 2023 due in part to a change to how the agency calculates payments.

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ViiV, Gilead and Janssen notch top scores with HIV/AIDS patient groups; pricing, access still pain points

Patient groups may view pharma more favorably thanks to its work during the pandemic, but HIV and AIDS patients groups are a tougher sell, according to a new survey.

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