DeepMind shines light on 200M proteins
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Today's Rundown

Featured Story

Pfizer undeterred in CD47 plans as competitors face pitfalls

Pfizer is certain that its CD47 portfolio won't get gobbled up by the kind of clinical woes that have befallen its competitors. 

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Top Stories

With an eye on future pandemics, GSK will help set up 12 European countries for the possibility of an influenza pandemic

Living through COVID-19 has taught the industry and the public a lot about what it takes to manage a pandemic. Preparedness for future pandemics has become more front and center for governments around the globe. In that vein, GSK is helping 12 European countries prepare for a potential future influenza pandemic.

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The shape of things to come: DeepMind’s AlphaFold illuminates 3D structure of almost every protein known to science

DeepMind's AI is helping researchers visualize the nearly 200 million proteins that form the basis of life for animals, plants, bacteria and more—spanning almost every organism on the planet that has had its genome sequenced.

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The NASH curse strikes again. Pfizer dumps early-stage asset for liver condition

Another NASH drug bites the dust. This time it’s Pfizer’s early-stage asset danuglipron, which the drugmaker revealed this morning had been dumped for the liver condition.

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GV’s newest general partner, a psychiatrist and investor, wants to place ‘big bets’ in healthcare

GV, formerly Google Ventures, has deployed $1.3 billion into healthcare and life science companies since 2020. The VC firm's newest general partner, Ben Robbins, a psychiatrist and investor, sees opportunities to use GV’s deep pockets and Google’s tech capabilities to tackle some of the most entrenched problems in healthcare.

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Takeda cuts ties to cancer drug landed in $120M Turnstone deal

Takeda is walking away from a cancer prospect it picked up in a $120 million deal. In a pipeline clear-out that also hit narcolepsy candidate TAK-994, the Japanese drugmaker revealed it has returned the rights to oncolytic virus TAK-605 to Turnstone Biologics just 31 months after inking a deal for the drug.

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AbbVie's Allergan to pay out more than $2 billion to resolve opioid litigation: Bloomberg

A day after Teva announced it will pay up to $4.25 billion to resolve nationwide opioid litigation, AbbVie's Allergan unit agreed to more than $2 billion to settle a consolidated litigation before a federal judge in Cleveland, according to people familiar with the matter, Bloomberg reports.

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BD continues pharmacy tech shopping spree with $93M MedKeeper buy

Making moves to bulk up its collection of high-tech pharmacy management tools is becoming a monthly thing for BD.

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House overwhelmingly passes key telehealth extension bill

The House overwhelmingly passed legislation to extend key Medicare telehealth reimbursement flexibilities such as originating site through Dec. 2024.

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Merck dodged billions in US taxes in offshoring Keytruda profits, Senate Democrats contend

In recent years, Merck & Co. has dodged billions of dollars in U.S. taxes by offshoring profits on its immuno-oncology megablockbuster Keytruda, according to an ongoing investigation by Democrats on the Senate Finance Committee.

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Bayer-Ionis' anti-thrombotic med doesn't increase bleeding in phase 2, setting stage for a new type of anticoagulant

Patients with kidney disease taking Ionis Pharmaceuticals and Bayer’s anti-thrombotic therapy did not experience an increase in major bleeding events as compared to those taking placebo, meaning patients may someday have a new anticoagulant option that does not come with a risk of bleeding.

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Linus Health debuts AI-powered early Alzheimer’s screening platform

Named for Charlie Brown’s blanket-toting best friend, Linus Health is aiming to become a trusted partner in early screening for Alzheimer’s disease and other dementias.

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Teladoc takes hefty impairment charge in Q2 with losses mounting to nearly $10B

Telehealth giant Teladoc Wednesday reported a hefty loss of $3.1 billion in its second quarter. The company's share price tumbled in after-hours trading as management set lower expectations for its 2022 outlook.

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Labcorp to splice off clinical development arm into standalone business

Labcorp will spin off its clinical development arm into its own company, a departure from a decision at the end of 2021 to maintain the corporate structure. The deal is expected to close in the second half of next year.

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