DOJ sues Idaho to stop 'near-total' abortion ban
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Today's Rundown

Featured Story

Amid COVID vaccine demand slump, Moderna recorded $800M-plus in charges for unused inventory, manufacturing capacity and more

While new polls show flatlining concern about the pandemic among Americans, Moderna's COVID-19 vaccine business continues quietly churning in the background. But amid a recent decline in vaccine demand, the company has written off a sizable chunk of inventory.

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Top Stories

Roche gets busy at the deal table, wagering $190M upfront on off-the-shelf CAR-Ts and ex-Biogen asset

Roche’s business development team has made a busy start to August. On Wednesday, the Swiss pharma company disclosed deals with Poseida Therapeutics and Kiniksa Pharmaceuticals that are together worth $190 million upfront.

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Justice Department sues Idaho to reverse 'near-total' abortion ban

The Justice Department is suing Idaho to prevent a near-total abortion ban from going into effect later this month, arguing it conflicts with a federal emergency services law.

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Despite slipping sales, Siemens passes COVID testing revenue goal a quarter early

Siemens' latest earnings push the year’s COVID testing total to about 1.31 billion euros, sending it past the 1.3 billion euro goal it previously set for the year—well ahead of schedule.

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Regeneron expects slight delay for Libtayo combo in lung cancer. Could the war in Ukraine be to blame?

With Libtayo now squarely in Regeneron’s hands, the drugmaker is eager to start cranking out combination therapies. But one near-term prospect is expected to suffer a delay—and armed conflict overseas might be to blame.

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Yes, Moderna is feeling the pressure to address monkeypox, R&D chief confirms

The pressure is on for Moderna to step up and save the day with a monkeypox vaccine, just as it did for COVID-19. But executives from the famed biotech insist the idea is still in the conceptual phase.

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Oracle layoffs hit U.S. jobs, including Cerner workforce reductions: media reports

Oracle has begun cutting U.S. jobs with workforce reductions primarily impacting marketing and customer experience divisions, according to media reports. Posts on Reddit and thelayoff.com indicate that the workforce reduction is impacting Cerner as well.

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Exact Sciences hands over Oncotype prostate cancer test to MDxHealth for $30M upfront

The deal includes the Oncotype DX GPS test, plus most of Exact Sciences' team of urology sales and marketing professionals. The total cost of the deal could balloon by an additional $70 million if MDxHealth passes revenue milestones through the 2025 fiscal year.

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Negotiations? AbbVie CEO says current Senate proposal brings 'price controls' instead

While lawmakers are busy debating details of the reconciliation bill that may take a serious stab at drug prices, pharmaceutical companies are hustling out a defense. One notable point? The legislation wouldn't bring drug price negotiations in Medicare, a prominent pharma CEO said late last week. Instead, it would introduce price controls, he said.

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RegenXBio gets FDA support for Hunter syndrome gene therapy's accelerated review filing—in 2024

It’s going to be a long wait, but RegenXBio is already waving a flag to show that the Hunter syndrome gene therapy RGX-121 is headed for an accelerated approval request at the FDA.

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Aetna aiming to enter ACA exchanges in four more states

CVS Health beat the Street in the second quarter with $2.95 billion in profit, according to its earnings report released Wednesday morning.

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Stryker opens 3D printing facility in Ireland, promising 600 new jobs

Someone in southwest Ireland must have found a four-leaf clover because the city of Cork has become a lucky recipient of Stryker’s job-creating intentions.

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