Pfizer shuffles executive lineup
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Featured Story

CDC endorses omicron-targeting COVID boosters, kicking off fall vaccination campaign

With the CDC’s go-ahead, booster shot deliveries are already arriving at some pharmacies and should reach many other providers within days, CDC Director Rochelle Walensky, M.D., told press Friday.

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Top Stories

Facing €200M phase 3 bill, Abivax sells stock at knockdown price to keep lights on into next year

Abivax has bitten the bullet and issued new shares despite the deterioration of its stock price. The action has raised €49.2 million ($49.2 million), enabling the French biotech to keep going into the first quarter of next year but leaving it needing an additional €154 million to fund its phase 3 ulcerative colitis trial.

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Pfizer shifts oncology chief Schmeltz to new strategy role as rare disease head Varma fills in

After bringing on a new global chief marketing officer, Pfizer is now moving former oncology president Andy Schmeltz to a new role focused on business development, with rare disease president Suneet Varma taking his place.

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Philips settles with DOJ for $29M in two alleged False Claims Act violations

In two separate cases settled this week, Philips will pay the U.S. Department of Justice a total of about $29 million, resolving allegations of wrongdoing in its medical device sales.

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Boehringer Ingelheim finally has skin in the game, scoring its first dermatology FDA nod

Boehringer Ingelheim gained an FDA approval to treat generalized pustular psoriasis, a rare and life-threatening skin condition that causes eruptions of painful blisters. Spevigo is an IL-36 receptor inhibitor, and marks the first dermatology go-ahead for the German firm.

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Targeting Novo Nordisk in China's obesity market with a unique proposition, LeaderMed eyes US IPO

Many companies have adopted an in-licensing business model to bring drugs by Western biotechs to China. But Sanofi veteran Joanne Jiang, Ph.D., believes her new company, LeaderMed, has a unique business proposition to tackle China’s metabolic disease market and could attract U.S. investors in a New York IPO.

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Walgreens steps up focus on home health with $330M CareCentrix deal

Walgreens Boots Alliance finalized its majority stake investment in CareCentrix as competition in the home health space heats up.

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Use of Lilly, Regeneron COVID-19 antibodies 'widespread' after FDA ban, potentially costing US more than $70M: study

The FDA trimmed its authorizations for Lilly and Regeneron’s antibodies early in the year on data that suggested they weren’t effective against the omicron variant. Despite the FDA ban, however, hospitals and health systems administered more than 158,000 deauthorized monoclonal antibody doses in early 2022, a new JAMA study contends.

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MA plans to CMS: Controversial audit rule could wreck popular program if finalized

Insurer groups are clamoring that CMS scrap a controversial proposed rule that could leave plans on the hook for greater overpayments to Medicare.

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Precision rejigs leadership team, tasking CSO with managing partnerships in wake of Novartis pact

Precision BioSciences is rejigging its senior leadership team, putting Jeff Smith, Ph.D., in charge of its research programs and asking Chief Scientific Officer Derek Jantz, Ph.D., to focus on “formulating company strategy and managing relationships with external stakeholders.”

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Mayo Clinic AI could predict labor outcomes in real time: study

A new artificial intelligence model developed by researchers at the Mayo Clinic is aiming to chart a clear path through the maze of possible complications that can crop up throughout the labor and delivery process.

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