Theranos’ Sunny Balwani gets 13-year prison term

Editor’s note: Getting ready for #ASH22? Fierce Pharma will talk to Dr. Naveen Pemmaraju at MD Anderson in a Twitter chat about the latest advances in blood cancer. Search #FierceTalksASH starting at 4pm ET on Dec. 8 to join the conversation. Our team will also be on site in New Orleans to bring you fresh data from the annual conference.

Today's Big News

Dec 8, 2022

Life sciences M&A values halve, volumes plunge. Will we ever see deals pick up again?


Merck escapes nearly 1,200 Zostavax shingles vaccine lawsuits as plaintiffs' testimony falls short


Theranos' Sunny Balwani lands 13-year fraud sentence after ex-partner Elizabeth Holmes gets 11 years


Signups on ACA exchanges up 18% year over year to 5.5M so far


FDA looks to pull approval for Oncopeptides’ troubled multiple myeloma drug Pepaxto


Amazon shuts down support for Alexa HIPAA-compliant programs for hospitals, payers

 

Featured

Life sciences M&A values halve, volumes plunge. Will we ever see deals pick up again?

PwC is out today with its annual rundown of deals to date and what’s to come in the year ahead, finding that life sciences M&A volume was down by 48% this year while valuations plunged 28%.
 

Top Stories

Merck escapes nearly 1,200 Zostavax shingles vaccine lawsuits as plaintiffs' testimony falls short

Plaintiffs in the now-dismissed clutch of cases argued Merck's vaccine Zostavax caused their shingles. But the medical expert attempting to back up that claim failed to consider whether plaintiffs’ disease occurred naturally because they’d had chickenpox as kids, according to court filings published this week.

Theranos' Sunny Balwani lands 13-year fraud sentence after ex-partner Elizabeth Holmes gets 11 years

Ramesh “Sunny” Balwani was sentenced to nearly 13 years in prison for the part he played in defrauding investors and patients while helping lead blood testing startup Theranos, a federal judge ruled Wednesday.

Sign-ups on ACA exchanges up 18% year over year to 5.5M so far

Sign-ups for plans on the Affordable Care Act's exchanges reached 5.5 million during the first five weeks of open enrollment, according to the latest figures from CMS.

FDA looks to pull approval for Oncopeptides' troubled multiple myeloma drug Pepaxto

The odd saga of Oncopeptides' multiple myeloma drug—thriving in Europe while sidelined in the U.S.—continued Wednesday with the FDA requesting a withdrawal of the U.S. marketing authorization for Pepaxto.

Amazon shuts down support for Alexa HIPAA-compliant programs for hospitals, payers

Amazon will no longer support HIPAA compliance on its Alexa devices after launching a program three years ago for some hospitals and payers.

Regeneron’s Yancopoulos draws boos as he touts pharma innovation over cost considerations

Regeneron’s George Yancopoulos drew boos from the crowd at a conference in Washington, D.C., as he touted innovation in pharma above cost considerations for expensive treatments.

Dexcom finally ties up long-awaited G7 diabetes sensor clearance after FDA resubmission

Dexcom is in seventh heaven: A year after its initial FDA submission, the diabetes tech maker has finally gotten the greenlight to begin rolling out its latest continuous glucose monitor system in the U.S.

Massachusetts system pays DOJ $1.9M after employee theft reveals drug inventory inaccuracies

Regulators took a deep dive into the controlled substance records at Northeast Hospital Corporation, part of Beth Israel Lahey Health, in 2018 after the system reported 18,000 drug doses had been stolen by a pharmacy technician.

Apple wins battle in patent war with AliveCor over portable ECG tech

More than a year into its patent dispute with Apple over the heart-monitoring technology embedded in the tech giant’s eponymous smartwatch, AliveCor has been dealt a serious blow.

Takeda's dengue shot scores crucial EU nod, opening the door to wider global use

After a positive opinion from regulators back in October, Takeda's dengue vaccine scored a green light from the European Commission. The approval sets up potential nods in other endemic countries.

Novartis takes another swipe at AstraZeneca's rare disease gems Soliris and Ultomiris

Novartis is hoping to be appointed leader in a rare blood disease, and the latest data that iptacopan increases hemoglobin levels in patients with a disease called paroxysmal nocturnal hemoglobinuria should help.

Roche nets FDA clearance for CSF-based Alzheimer’s diagnostic tests

The company’s pair of Elecsys tests—used to determine the ratio between the hallmark proteins known as amyloid beta and tau—are designed to help screen adults age 55 and older who are being evaluated for the condition.

Califf wants more diversity in clinical trials. We just have to overcome the healthcare system itself

As the FDA prepares updated guidance on ways to boost clinical diversity for research trials, the agency’s head is urging administrators to prioritize the issue.
 
Fierce podcasts

Don't miss an episode

'The Top Line': The initial reactions to Biogen's new CEO, plus this week's headlines

This week on “The Top Line,” we discuss the current state of Biogen and recent investor reactions to the new hire. Plus we cover the week's news including: What Albert Bourla said that has him in hot water, a $3.5 million drug, and we tease a possible major acquisition. 
 

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Clinical Supply Solutions for the Asia-Pacific Region

Learn how Catalent’s extensive network across APAC can meet a wide range of clinical supply needs for sponsors conducting trials within the region.
 

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