Dexcom to resubmit G7 software to FDA
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Today's Rundown

Featured Story

AstraZeneca reports sales drop for Evusheld. Why is the variant-busting COVID med underachieving?

When AstraZeneca reported its second quarter earnings, sales of Evusheld came in at $445 million—a startling decline from the $469 million it generated in the first quarter. Still, the company is predicting sales of the one-of-its-kind COVID product will increase in the second half.

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Top Stories

Altarum: Healthcare spending declined in Q1 for the first time in decades

Health spending declined for the first time in more than 60 years during the first quarter, according to a new analysis from Altarum.

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Dexcom to resubmit G7 glucose monitor software for FDA review, pushing back US launch

Diabetes tracker developer Dexcom is pushing back the timeline for a U.S. launch of the latest generation of its continuous glucose monitor, the G7, after the FDA raised questions about the device’s software during a review. 

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AstraZeneca axes Moderna-partnered, phase 2 heart disease drug plus a Wee inhibitor

AstraZeneca has axed a Moderna-partnered cardiovascular disease candidate from its phase 2 pipeline. Months after reporting positive trends on exploratory efficacy endpoints, the Big Pharma has pushed the mRNA candidate out the door while also dropping its Wee1 inhibitor after many years of development.

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Bristol Myers Squibb partners with Jack and Jill of America to boost diversity in pharma workforce

Last year, Bristol Myers Squibb partnered with historically Black colleges and universities to help groom Black college students for future jobs in the pharma industry. Now it’s expanding that effort to catch potential hires even earlier – by engaging younger students and their parents.

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HHS to distribute 786K in monkeypox vaccines but won't declare public health emergency

HHS announced the distribution of another 786,000 doses of monkeypox vaccine on Thursday to states and localities, but demurred on declaring a public health emergency.

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Zimmer Biomet plans AI center to smarten up its hip, knee replacement robots

Through a three-year project with the Hospital for Special Surgery, Zimmer Biomet hopes to assemble decision support tools for joint replacements powered by its Rosa robots.

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FDA’s Califf backs limited use of single-arm trials, but says regulatory pathways for some cancers should 'move into a new phase'

Robert Califf threw his support behind the FDA's longstanding cancer czar, backing a proposal by Richard Pazdur for the agency to be more judicious in accepting single-arm trial data to nab accelerated approval. The prospect of limiting the trials has irked some in the biopharma industry.

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Bausch takes hit in Xifaxan patent feud, potentially paving the way for Norwich's IBS-D generic

Bausch and its gastroenterology unit Salix Pharmaceuticals said Thursday that a Delaware federal court issued an oral order scrapping some patents on Xifaxan 550mg tablets. Bausch says it will contest the decision at the U.S. Court of Appeals for the Federal Circuit.

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Molina Healthcare to slash two-thirds of real estate footprint amid permanent shift to remote work

Molina Healthcare will significantly reduce its real estate footprint as it moves to remote work permanently, executives said on the company's earnings call Thursday morning.

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Sarepta shares buoyed by pledge to seek an early swift review for Duchenne gene therapy

Sarepta Therapeutics’ shares saw a nice boost early Friday morning as the biotech declared its intent to seek an early accelerated approval for the Roche-partnered Duchenne muscular dystrophy gene transfer therapy SRP-9001.

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Bausch + Lomb kicks off TikTok challenge for Lumify, asking consumers to 'dance with their eyes'

Bausch + Lomb is tapping into the social media craze for TikTok in a unique marketing campaign for its eye drop Lumify. The campaign asks you not to dance with your feet but with your eyes and offers up a chance to win a makeover with Vincent Oquendo.

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