Bristol’s CAR-T capacity boost delayed
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Today's Rundown

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Reports of DOJ probe into Cassava ‘old news in new fish wrapper,’ CEO says

Cassava Sciences CEO Remi Barbier called reports of a new Department of Justice criminal investigation into the Alzheimer’s disease biotech’s scientific practices “old news in [a] new fish wrapper.”

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Top Stories

Illumina's quest for Grail potentially blocked for good, as EU jacks up legal pressure: report

In increasing legal peril, Illumina had extended yet another olive branch to the European antitrust regulators adjudicating its premature acquisition of Grail, Reuters reports. The watchdogs aren't convinced.

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Feeling the pressure, Bristol Myers pushes back timeline for production of Breyanzi

A month ago, when Breyanzi won a coveted FDA approval for use as a second-line treatment in B-cell lymphoma, Bristol Myers Squibb said it would be able to increase production capacity in the second half of this year. But on Wednesday, BMS said the timeline has been pushed back to the first quarter of 2023.

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Humana launches reorganization, hunts for new insurance division chief

The results surpassed Wall Street analysts' expectations on both profit and revenue, according to Zacks Investment Research.

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Pfizer sends 'enhanced' COVID shot to clinic under strategy for next generation of vaccines

Pfizer just raised the stakes of the COVID-19 vaccine business. The Big Pharma has launched a midstage trial of the first in a series of next-generation, variant-busting vaccines that the drugmaker is working on alongside BioNTech.

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Healthcare data breach costs reach record high at $10M per attack: IBM report

The unrelenting barrage of cyber attacks against healthcare organizations is causing major financial damage as health systems struggle to mitigate the costs of data breaches. A healthcare data breach now comes with a record-high price tag—to the tune of $10.10 million on average.

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Teva, with a $4.25B opioid settlement in hand, eyes return to growth by 2027

With thousands of U.S. opioid lawsuits set to enter the rearview, Teva Pharmaceutical is turning back to its bread-and-butter businesses in generics and biosimilars. The timing couldn’t be better, Teva’s CEO told investors Wednesday, as the markets for both small molecule and biologic copycats look poised to swell in the coming years.

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Viz.ai, Hyperfine team up to add image-reading AI to bedside MRI scanners

In what seems to be a match made in high-tech heaven, Viz.ai and Hyperfine will bring together their respective technologies designed to speed up the process of detecting signs of stroke and other neurological conditions.

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BMS-Ambrx collab runs out of steam after FA relaxin med canned

More than 10 years after Bristol Myers Squibb and Ambrx teamed up to develop a couple of programs in type 2 diabetes and heart failure, prospects from the partnership have washed away.

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Mayo Clinic retains top hospital title while other big names shuffle throughout U.S. News' top 20

This year's rankings considered 15 specialties and 20 procedures and conditions across more than 4,500 hospitals. The 2022-23 list marks Mayo Clinic's seventh consecutive year at the top.

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With ominous FDA talks, ObsEva scraps lead women's health drug, plots layoffs in major restructuring

An approval decision for ObsEva's uterine fibroids candidate, linzagolix, isn’t likely to happen on time. After getting that bleak hint from the FDA, women’s health specialist ObsEva is taking a sharp turn.

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BD, CerTest begin rolling out research-use-only monkeypox PCR test

Amid the World Health Organization’s declaration of the ongoing monkeypox outbreak as a global health emergency, testmakers are kicking their work to develop diagnostics for the disease into high gear.

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Editas notches milestones for sickle cell disease therapy as FDA lifts partial clinical hold

Editas Medicine has confirmed that a gene editing therapy for sickle cell disease has successfully engrafted into the first patient dosed in a phase 1/2 trial. The gene editing company also announced that a partial clinical hold on the efficacy portion of the RUBY trial for EDIT-301 has now been lifted.

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Argenx needs some 'aggressive' doc education on Vyvgart to beat AZ's Ultomiris: analyst

Argenx is riding high on rosy second-quarter sales estimates for its newly launched rare disease drug Vyvgart, but an analyst warns that a new rival—in the form of AstraZeneca's Ultomiris—could knock its trajectory off course.

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Rapid Medical speeds through FDA review of tiny brain clot removal device

FDA clearance for the TigerTriever 13 system comes several years after it was given the go-ahead with CE mark approval in Europe in 2018.

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