Philips steels investors for Q3 earnings

Today's Big News

Oct 12, 2022

Roche touts Evrysdi win in previously treated SMA patients, turning up heat in rivalry with Biogen and Novartis  

Merck & Co., in busy morning, taps Moderna's therapeutic cancer vaccine, Royalty in schizophrenia deal 

Philips warns of lower-than-expected sales, takes another €1.3B hit in Respironics division  

Bright Health to exit ACA exchanges, slash MA footprint to 2 states  

BeiGene heaps more pressure on AbbVie, J&J with new Brukinsa head-to-head win over Imbruvica   

AI spots signs of mental health issues in text messages on par with human psychiatrists: UW study  

Tavros signs $930M biobucks deal with Bayer's Vividion in hunt for 4 oncology targets  

Walgreens snaps up remaining stake in CareCentrix for $392M 

Over a 3rd of US counties are 'maternity care deserts,' March of Dimes study finds  

XACT scores FDA clearance to remote-control its needle surgery robot 

Ionis, a frequent Big Pharma partner, plots new manufacturing site to support pipeline  

Moderna says yes to Autolus, licensing targeting technology for immuno-oncology project

 

Featured

Roche touts Evrysdi win in previously treated SMA patients, turning up heat in rivalry with Biogen and Novartis

Armed with new data from what Genentech is touting as one of the biggest and most diverse studies of previously treated spinal muscular atrophy (SMA) patients, the Roche unit is padding its case for Evrysdi in people who may have already received a pricey therapy for their disease.
 

Top Stories

Merck & Co., in busy morning, taps Moderna's therapeutic cancer vaccine, Royalty in schizophrenia deal

Merck & Co. had a busy morning signing off on licensing deals for midstage assets. The Big Pharma not only confirmed it would push ahead with developing a therapeutic cancer vaccine with mRNA leader Moderna but also signed up to collaborate on its schizophrenia treatment with Royalty Pharma.

Philips warns of lower-than-expected sales, takes another €1.3B hit in Respironics division

Ahead of its third-quarter earnings report, Philips steeled investors for less-than-stellar sales and order intake growth, compounded by a pair of non-cash charges for the quarter that together amount to nearly 1.5 billion euros.

Bright Health to exit ACA exchanges, slash MA footprint to 2 states

The insurtech has announced that it is axing its full lineup of plans on the Affordable Care Act's exchanges and cutting its Medicare Advantage offerings to two states for the 2023 plan year.

BeiGene heaps more pressure on AbbVie, J&J with new Brukinsa head-to-head win over Imbruvica

As BeiGene gears up for an all-out war against AbbVie and Johnson & Johnson’s Imbruvica, the company has turned in more clinical evidence to show it has the winning BTK inhibitor to fight certain blood cancers.

AI spots signs of mental health issues in text messages on par with human psychiatrists: UW study

The natural language processing model was found to be just as capable as human psychiatrists in spotting certain “cognitive distortions” that may indicate a decline in mental health, suggesting that the AI could serve as a useful tool in triaging patients in an increasingly overtaxed healthcare system.

Tavros signs $930M biobucks deal with Bayer's Vividion in hunt for 4 oncology targets

Bayer subsidiary Vividion Therapeutics has partnered with Tavros Therapeutics to find targets for hard-to-treat diseases, paying out $17.5 million cash and offering the biotech up to $912.5 million in biobucks.

Walgreens snaps up remaining stake in CareCentrix for $392M

Walgreens Boots Alliance plans to take full ownership of CareCentrix to push forward its healthcare strategy with a particular focus on primary care, post-acute care and home care.

Over a 3rd of US counties are 'maternity care deserts,' March of Dimes study finds

More than 2.2 million women of childbearing age live in counties without hospitals, birth centers or other providers offering obstetric care, according to a report published Tuesday.

XACT scores FDA clearance to remote-control its needle surgery robot

Former Fierce 15 winner XACT Robotics collected its second FDA clearance of the year for its palm-sized interventional device.

Ionis, a frequent Big Pharma partner, plots new manufacturing site to support pipeline

Ionis Pharmaceuticals unveiled plans for a 217,000-square-foot development chemistry and manufacturing site in Oceanside, California. The company said it expects to occupy the new site by 2025.

Moderna says yes to Autolus, licensing targeting technology for immuno-oncology project

After kicking the tires on Autolus Therapeutics’ targeting technology, Moderna has decided to pay up for the right to use the binders in an mRNA therapy. The exercising of the option positions Moderna to use the binders in a candidate against an undisclosed immuno-oncology target.
 
Fierce podcasts

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'Podnosis': How the primary care market is changing, honoring executives of color making a difference

This week on "Podnosis," we talk about the trend of retail giants getting involved primary care. Also under discussion is our special report spotlighting the important contributions made by people of color across health systems, physicians' offices, health tech and insurance companies. 
 

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