Biogen axes Aduhelm study
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Here's why some VC investors say an economic downturn can be good for digital health

TORONTO—IIn just the past six months, there have been dramatic shifts in the startup environment. Current trends indicate a market correction is underway. But some venture capital investors say they are excited about this market “reset,” as it represents an opportunity for mission-driven founders to thrive.

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Top Stories

In first M&A strike, Paul Stoffels lays out 5-year plan to turn Galapagos around

Five years may not seem long to turn around a struggling biotech. But that’s the time frame that recently installed Galapagos CEO Paul Stoffels has given himself to reorient the company around his mantra of: “Let’s focus on the patient.”

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Biogen terminates an Aduhelm study no thanks to restricted Medicare coverage

For Biogen’s ill-fated Alzheimer’s disease drug Aduhelm, a narrow Medicare reimbursement policy is taking a toll beyond sales. The company has pulled the plug on an observational clinical trial that was meant to collect real-world data on Aduhelm’s use in the U.S.

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Medtronic, Baxter face FDA Class I labels for separate recalls of heart pumps, ventilators

The FDA handed down back-to-back Class I ratings to medical device recalls from Medtronic and Baxter after malfunctions led to three deaths.

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uniQure shares spike as investors see bright spot in 12-month Huntington's gene therapy data

Investors keenly awaiting one-year safety data from uniQure’s Huntington’s disease gene therapy have rewarded the company with a 20% share bump, as the data showed a clear safety profile.

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PBM reform bill that boosts FTC powers inches closer to passage in Senate

A Senate committee advanced legislation which grants the FTC more power to go after PBMs and install a series of reforms to the industry.

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BD recalls two years’ worth of bone marrow needle kits after 37 complaints

BD has begun a voluntary recall of many of its intraosseous needle kits and delivery systems, the FDA reported Wednesday, citing a handful of potential safety issues with the devices.

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Gilead trumpets win for the chronic hepatitis delta prospect it acquired in $1B+ buyout

Chronic hepatitis delta virus (HDV) infection patients are currently bereft of approved treatment options in the U.S., but that could soon change thanks in part to a positive readout from one of Gilead Sciences’ recently acquired liver disease prospects.

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AHIP 2022: How payers could lead the charge in addressing health equity

LAS VEGAS—As the healthcare industry grapples with health inequities and disparities across the country, health insurers are well positioned to lead the charge, experts said Wednesday.

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BioNTech's solid tumor CAR-T hits prime time with EU regulatory tag

Just a couple months after showcasing a small data set, BioNTech’s solid tumor CAR-T cell therapy is ready for prime time. BNT211 has been granted a priority medicines, or PRIME, designation from the European Medicines Agency, giving the famed German biotech extra help during the regulatory process.

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Rising from the ashes, Oncopeptides gains CHMP endorsement for multiple myeloma drug

After taking multiple myeloma drug Pepaxto off the market in the U.S., Swedish biotech Oncopeptides is advancing the drug in Europe. The EMA’s Committee for Medicinal Products for Human Use (CHMP) has recommended the drug for full approval.

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Caption Health launches AI-guided, at-home heart ultrasound service

Caption Health launched a mobile heart diagnostic service in partnership with Portamedic, which maintains a network of 4,000 medical technicians across 50 states.

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FDA unveils 5-year action plan for neurodegenerative drugs, with focus on ALS

There’s an urgent need to improve and extend the lives of patients with rare neurodegenerative diseases, and the FDA is hoping a new five-year action plan, which has a specific detailed blueprint for amyotrophic lateral sclerosis (ALS), can help accelerate new medicines.

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