Rockley Photonics books mystery customer for biosensing wristband rollout
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Today's Rundown

Featured Story

Amid $1B downsizing, Biogen lists Boston-area office space for sublease

As Biogen's sales tumble in the wake of its troubled Aduhelm launch, the company is looking to exit some office space in the Boston area. Biogen has listed more than 183,500 square feet of office space for sublease at one of its five buildings in Cambridge, Massachusetts.

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Top Stories

Johnson & Johnson's head of R&D Mathai Mammen heads for the exit in surprise move

Johnson & Johnson’s head of R&D is off. In a surprise post-market announcement yesterday, the company revealed that its executive vice president of pharma R&D Mathai Mammen, M.D., Ph.D, is leaving to “pursue other opportunities.”

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Rockley Photonics books commercial rollout of biosensing wristband with mystery customer

The “Baseline” version of Rockley Photonics’ Bioptx wristband could be on consumers’ arms as soon as the end of this year, the company said Tuesday, now that it has received the first commercial purchase order for the devices.

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Health bill brings new liabilities to Part D plans but possible boon on drug costs, experts say

The Inflation Reduction Act that passed the Senate Sunday after a marathon session could substantially shift liability for catastrophic Part D costs from Medicare onto the plan, experts said.

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In warranty program, Pfizer will refund up to $50K for patients who discontinue use of rare disease drug

Last year Pfizer introduced its first warranty program, using it to promote lung cancer drug Xalkori. Now the company has opened a similar program for newly approved Panzyga, which treats the rare disorder chronic inflammatory demyelinating polyneuropathy (CIPD).

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AstraZeneca-Daiichi Sankyo's ADC barrels forward as Keytruda combo data make case for lung cancer use

AstraZeneca and Daiichi Sankyo have delivered more evidence that their TROP2-directed antibody-drug conjugate (ADC) may have a future in non-small cell lung cancer, linking the candidate to a roughly 40% overall response rate when used as part of doublet and triplet combination therapies.

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Boston Scientific investigating whistleblower claims of anti-bribery law violations

A whistleblower letter from March claims Boston Scientific has violated the Foreign Corrupt Practices Act in Vietnam; the company said it “is cooperating with government agencies while investigating these allegations.”

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Kaiser Permanente scrapes out 0.4% operating margin but loses big on investments in Q2

Whereas Kaiser Permanente reported a $2.62 billion gain from investments and other income a year ago, the nonprofit juggernaut weathered a $1.39 billion loss in the category due to the most recent quarter's struggling investment markets, according to new financial filings.

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Struggling Novavax halves its sales forecast as COVID shot launch sputters

Novavax pulled down just $186 million in second quarter revenues, charting $78 million in sales of its protein-based COVID shot. That's a far cry from the $605 million in vaccine revenue Novavax generated over the first three months of the year.

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Merck is back in Alzheimer's saddle with $1B+ Cerevance pact, years after dropping the BACE

Another Big Pharma is entering—or rather re-entering—the Alzheimer’s ring. Merck & Co. has signed a billion-dollar biobucks deal with Cerevance to identify new therapies for the devastating neurodegenerative disease.

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The rise of SkyWalker: FDA clears surgical robot for orthopedic procedures

Not so long ago in our very own galaxy, the FDA saw fit to expand its list of authorized robotic surgery systems—no epic interplanetary battles needed.

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Excluding race and ethnicity data makes algorithm bias worse, Health Affairs study warns. Instead, here's what to do

While a common precaution might be removing race and ethnicity data altogether, “this approach is misguided.” Instead, this data can be estimated using existing validated methods.

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Acadia culls painkiller rival to Vertex and cancer candidate over poor data

Acadia ditched two candidates from its pipeline, including a one-time competitor to Vertex’s non-opioid painkiller. The biotech revealed it scrapped ACP-044 following an evaluation of the final phase 2 data on patients undergoing bunion removal, while a phase 1 cancer prospect will not move forward.

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