Today's Big News Sep 16, 2022 AbbVie and Bristol Myers Squibb are laying off a total of 360 staffers on the West Coast: BMS is slimming down its workforce by 99 across two separate sites in San Diego County, while 261 employees will be let go from an AbbVie facility in Irvine, CA. Anywhere from 53% to 68% of US hospitals will end 2022 with operations in the red versus the 34% reported in 2019, according to new industry projections released by Kaufman Hall on behalf of the American Hospital Association. After uncovering several patient safety and cybersecurity risks in many of its infusion pumps, Baxter is now recalling another product that works alongside those pumps, known as IV sets. As of this week, the FDA has categorized the recall as Class I, indicating high risk of patient injury or death. - Gabrielle Masson | Lumanity’s research scientists and data luminaries can identify fit-for-purpose RWD and design studies to generate the strongest evidence to meet stakeholder needs. Learn more.
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Featured | | By Fraiser Kansteiner In separate Worker Adjustment and Retraining Notification (WARN) alerts filed this week, AbbVie and BMS let California know they plan to lay off 99 and 261 employees, respectively, by the end of November. For BMS, some of the layoffs are tied to a recent acquisition. |
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Top Stories By Dave Muoio A new report warns that anywhere from 53% to 68% of the nation's hospitals will finish 2022 with red operating margins. For systems large and small, this means service line closures or outright shutdowns that threaten patients' access to care, hospital leaders warned Thursday. By Andrea Park After uncovering a handful of patient safety and cybersecurity risks in many of its infusion pumps over the last year, Baxter has now begun a recall of yet another product that works alongside those pumps. By James Waldron AstraZeneca’s $39 billion acquisition of Alexion last year continues to look like money well spent. The latest good news is that the oral factor D inhibitor danicopan can improve hemoglobin levels when added to the approved drugs Ultomiris or Soliris. By Fraiser Kansteiner Friday, the European Medicines Agency’s human medicines committee, CHMP, vouched for approval of Beyfortus. The drug is in the running to prevent RSV lower respiratory tract disease in newborns and infants during their first RSV season and—if approved—would become the first single-dose passive immunization for the broad infant population. By James Waldron Intellia Therapeutics is closing out the week strong, reporting good news for a duo of gene editing trials. Both are early-stage, but the company is already prepping to move the transthyretin amyloidosis therapy, NTLA-2001, into what it hopes will be a pivotal study. By Conor Hale The life science venture capital firm Apple Tree Partners has brought three of its portfolio companies together under a single banner to pursue energy therapies for chronic bronchitis, cardiac arrhythmias and solid tumors. By Annie Burky Twenty percent of children have specialty health needs, but 39 million children in the U.S. live more than 80 miles from a pediatric subspecialist. Boston Children's Hospital teamed up with virtual specialist platform Summus Global earlier this year to expand virtual care for populations with complex healthcare needs. By Teresa Carey This week on "The Top Line," we chat about this year’s European Society for Medical Oncology meeting, where Merck presented a series of trial flops for Keytruda. We also discuss the lessons learned from the COVID-19 pandemic and how they are being applied to the monkeypox test EUA. By James Waldron Nordic Nanovector is shedding board members as the Norwegian biotech continues to seek out options for survival in the wake of discontinuing its lymphoma trial. By Andrea Park As Neuron23's drug development continues, Qiagen will get started on building a companion diagnostic that’ll be able to predict how responsive Parkinson’s patients might be to an LRRK2 inhibitor—making it the first companion diagnostic developed for the neurodegenerative disease. By Frank Diamond Employers face difficult challenges in the next few years. And with limited budgets, the challenge of making decisions that consider healthcare affordability and engagement is exponentially greater. Fierce podcasts Don't miss an episode | | This week on "The Top Line," we chat about this year’s European Society for Medical Oncology meeting, where Merck presented a series of trial flops for Keytruda. We also discuss the lessons learned from the COVID-19 pandemic and how they are being applied to the monkeypox test EUA. |
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| Wednesday, September 28, 2022 | 2pm ET / 11am PT Explore the top line items every SMB marketer should focus on when commercializing new-to-market products, including shifts in the way that HCPs interact with pharma companies post-pandemic, and more. Register now.
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Sponsored by: Catalent Industry Events European Healthcare Compliance Certificate Program Septemeber 19-23, 2022 Promotional Review Committee Compliance and Best Practices Summit West (PRC West) September 20-22, 2022 | San Diego, CA Fierce New Product Planning Summit September 19-20, 2022 | Boston, MA Medical Affairs Strategic Summit West (MASS West) September 20-22, 2022 | San Diego, CA Fierce Digital Pharma East October 18-20, 2022 | Philadelphia, PA & October 25-28, 2022 | Virtual Event Decentralized Clinical Trials Summit: Part of the Fierce Clinical Collective Oct 24-26, 2022 | Philadelphia, PA | Presented by: Fierce Pharma Good Clinical Practice Summit (GCP): Part of the Fierce Clinical Collective October 24-26, 2022 | Philadelphia, PA | Presented by Fierce Pharma Clinical Quality Oversight Forum: Part of the Fierce Clinical Collective Oct 24-26, 2022 | Philadelphia PA | Presented by: Fierce Pharma Fierce European Trial Master File Summit November 14-16, 2022 | London, UK Fierce Launch Readiness for Medical Affairs & Communications Teams Summit November 30-December 1, 2022 | Free Virtual Event | 