Will drug pricing reform harm pharma’s credit?
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Today's Rundown

Featured Story

As Sanofi's SERD falls, Menarini’s advances with EU review

Just days ago, Sanofi sent its oral SERD for breast cancer to the trash can. But over in Italy, a small biotech is plodding forward with its own candidate, with the EU begining a regulatory review.

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Top Stories

Immuron culls COVID drug work as new variants, a competitive market renders asset DOA

Australian biotech Immuron is showing up the brutal nature of COVID research: We have seen so many big-name successes from Pfizer, Moderna, AstraZeneca and Merck, we forget that there are also many casualties.

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US drug pricing reform in Inflation Reduction Act could harsh pharma's credit, Moody's says

The drug pricing provisions tucked into the Inflation Reduction Act could eventually have a credit-lowering effect on the industry at large, because pharma will largely bear the brunt of the changes, the analysts said—despite the fact that several of those measures won’t come into effect for “four or more years.”

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Novartis' MS drug Gilenya could inspire new chronic kidney disease treatment

Novartis’ multiple sclerosis therapy Gilenya was once proposed as a kidney disease treatment because of its ability to modulate S1P receptors. Although the drug failed in a clinical trial, scientists at the University of Virginia have now found an alternative way to target the same pathway.

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'The Top Line': 2 deaths put Novartis' SMA gene therapy in the safety spotlight, what's behind AstraZeneca's next-gen CAR-T therapy tactics and more

This week on "The Top Line," we discuss Novartis’ gene therapy Zolgensma—and the two deaths following treatment. We also hear from AstraZeneca on its strategy to get into the CAR-T space with off-the-shelf cancer cell therapies.

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Eargo, GN Hearing, Best Buy to step up hearing aid offerings amid FDA's over-the-counter ruling

Many devicemakers have shown their support for the FDA ruling, since it allows them to market their products directly to consumers, cutting out multiple middlemen and potentially bringing their hearing aids to more people.

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Children's hospitals targeted in harassment campaigns over gender-affirming care for minors

Recent claims that Boston Children's Hospital and others offer genital surgery to minors have led to a spike in hostile messages and calls to clinicians and staff, according to hospitals and media reports.

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Back to basics: High-tech blood pressure monitors don't outperform standard cuffs, study finds

In a rare exception to the usual rules of technological advancement, a new study published this week in JAMA Internal Medicine has found that high-tech bells and whistles haven’t contributed to any major improvement in clinical outcomes for at-home blood pressure monitors.

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CVS, Walmart and Walgreens ordered to pay $650M in Ohio opioid suit, but some providers worry about aftermath

Though the latest judgment is expected to set a precedent for other communities trying to hold pharmacies accountable, some providers worry about the unintended consequences of potential new dispensary restrictions.

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Fierce Pharma Asia—Daiichi's ADC patent win; Roche's bet on Jemincare's PROTAC; AbbVie's CD47 retreat

Daiichi Sankyo wins arbitration in its latest antibody-drug conjugate patent battle against Seagen. Roche buys a prostate cancer protein degrader from a Chinese company. AbbVie pulled the plug on another CD47 clinical trial in its potential $2 billion partnership with I-Mab. And more.

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Chutes & Ladders—PerkinElmer's Mock dons CFO mantle at Moderna

Moderna's CFO David Meline may finally get a chance to retire as PerkinElmer's James Mock prepares to take the gig. Philips' CEO is passing the torch to an executive who's managed the company's recent recall response. Plus, Ambrx lost its CEO as the biotech takes a hard look at its pipeline.

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