CDC endorses omicron-targeting COVID boosters, kicking off fall vaccination campaign Facing €200M phase 3 bill, Abivax sells stock at knockdown price to keep lights on into next year Pfizer shifts oncology chief Schmeltz to new strategy role as rare disease head Varma fills in Philips settles with DOJ for $29M in two alleged False Claims Act violations Boehringer Ingelheim finally has skin in the game, scoring its first dermatology FDA nod Targeting Novo Nordisk in China's obesity market with a unique proposition, LeaderMed eyes US IPO Walgreens steps up focus on home health with $330M CareCentrix deal Use of Lilly, Regeneron COVID-19 antibodies 'widespread' after FDA ban, potentially costing US more than $70M: study MA plans to CMS: Controversial audit rule could wreck popular program if finalized Precision rejigs leadership team, tasking CSO with managing partnerships in wake of Novartis pact Mayo Clinic AI could predict labor outcomes in real time: study Featured Story | By Dave Muoio 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. read more |
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Top Stories By Nick Paul Taylor 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. read more By Zoey Becker,Angus Liu 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. read more By Andrea Park 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. read more By Kevin Dunleavy 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. read more By Angus Liu 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. read more By Heather Landi Walgreens Boots Alliance finalized its majority stake investment in CareCentrix as competition in the home health space heats up. read more By Fraiser Kansteiner 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. read more By Robert King Insurer groups are clamoring that CMS scrap a controversial proposed rule that could leave plans on the hook for greater overpayments to Medicare. read more By Nick Paul Taylor 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.” read more By Andrea Park 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. read more Resources Sponsored by: Cognizant How a new app brings the power of CRM to a leading lab instruments provider’s field service engineers Sponsored by: Genpact Learn how a private health insurance company uses analytics to deliver exceptional service to its employees and members Sponsored by: DocuSign, Inc Today’s healthcare systems are adapting to an ever changing landscape with declining margins, M&A pressures, and the need for staff flexibility due to shortages. 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