Ex-CytoDyn chief charged with fraud

Today's Big News

Dec 20, 2022

From telehealth to Medicare cuts: Here are the health policies in Congress' $1.7T omnibus


In new lawsuit, J&J's talc subsidiary takes issue with expert witness testimony


Ex-CytoDyn CEO, Amarex CEO charged for allegedly defrauding investors


J&J’s Auris Health, Verb Surgical accuse 3 former employees of trade secret theft


Magenta halts high dose group in leukemia trial after serious adverse events


DEA alleges startup Truepill illegally dispensed Adderall, prescription stimulants


With bigger fish to fry, Eisai unloads US rights to epilepsy drug Fycompa to Catalyst

 

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From telehealth to Medicare cuts: Here are the health policies in Congress' $1.7T omnibus

Congress released a major omnibus package that includes a slew of healthcare policies, including partial relief to physicians from several Medicare cuts.
 

Top Stories

In new lawsuit, J&J's talc subsidiary takes issue with expert witness testimony

As the seasons change and one year turns to the next, Johnson & Johnson’s talcum powder litigation rolls on. The latest update involves an expert witness who much of the plaintiff's case hinges on.

Ex-CytoDyn CEO, Amarex CEO charged for allegedly defrauding investors

In another twist down the CytoDyn rabbit hole, former CEO Nader Pourhassan, Ph.D., and Amarex CEO Kazem Kazempour are both facing multiple charges for their alleged roles in schemes to defraud investors.

J&J’s Auris Health, Verb Surgical accuse 3 former employees of trade secret theft

A trio of Johnson & Johnson subsidiaries have filed suit against a handful of former employees and their current company, accusing the workers of stealing tens of thousands of J&J documents.

Magenta halts high-dose group in leukemia trial after serious adverse events

Magenta Therapeutics has stopped dosing a group of patients after a serious adverse event was reported in a phase 1/2 trial for the biotech’s leukemia med.

DEA alleges startup Truepill illegally dispensed Adderall, prescription stimulants

DEA alleged that Truepill filled prescriptions that were unlawful by exceeding the 90-day supply limits and/or written by prescribers who did not possess the proper state licensing.

With bigger fish to fry, Eisai unloads US rights to epilepsy drug Fycompa to Catalyst

With Eisai on the verge of a scoring a potential approval for its Biogen-partnered Alzheimer’s disease drug lecanemab, the Japanese pharma is thinking big. On Monday, Eisai inked a deal to unload one of its smaller potatoes, epilepsy drug Fycompa. Catalyst Pharmaceuticals will pick up its rights in the U.S. for $160 million upfront, with milestone and royalty payments tied to its future success.

UK ramps up antitrust probe into Cochlear's $120M bid for hearing implant maker Oticon

The U.K.’s Competition and Markets Authority is escalating its investigation into Cochlear’s planned acquisition of Demant subsidiary Oticon Medical, based on concerns that the merger could stanch competition in some areas of the hearing device market.

OIG calls for tighter scrutiny of providers' Medicare bad debt reimbursement claims

The federal watchdog's audit of 148 Medicare bad debt claims from 2016 to 2018 found 22 instances in which reimbursement should have been denied. OIG called on HHS to provide additional, specific guidance to Medicare administrative contractors on when to review these claims.

Viatris takes cue from Pfizer with expanded Medochemie pact to make medicines in Vietnam

By expanding an existing partnership with Cypriot pharmaceutical company Medochemie, Viatris aims to boost drug manufacturing in Vietnam and improve patients’ access to locally made medicines there. Specifically, Viatris will transfer technology that Medochemie will use under license to make certain drugs from Viatris’ noncommunicable disease portfolio.

Kite swoops in to buy Carl June-founded Tmunity, gaining key to Penn's CAR-T research apparatus

Gilead-owned Kite Pharma is buying Carl June-founded Tmunity, significantly widening its CAR-T-focused expertise. The deal gives the Yescarta maker access to a range of potential cell therapy technologies developed by University of Pennsylvania researchers.

FDA approves Abbott's slimmed-down spinal cord stimulator that can get by on 5 recharges a year

Just a few months after upgrading its portfolio of recharge-free spinal cord stimulators with FDA approval for a new version of the technology, Abbott has done the same for its line of rechargeable neurostimulation devices.

ContraFect tries to find path forward for MRSA drug despite 'uninterpretable' phase 3 results

ContraFect’s CEO has dubbed results from a discontinued phase 3 trial “uninterpretable," and yet the biotech is still clinging to hope that its lead candidate has potential in several indications.
 
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'The Top Line': The medtech industry’s highest paid CEOs, plus this week's headlines

This week on “The Top Line,” we discuss the medtech industry’s highest paid CEOs. Plus, we cover Theranos' COO's prison sentence, highlights from the American Society of Hematology annual meeting and other top headlines from this week.
 

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