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STAT+: Sanofi enters vaccine licensing deal with Novavax, giving beleaguered biotech a lifeline

STAT

While Novavax’s stock soared during the pandemic as the vaccine race was underway , the company failed to get its shot authorized in the U.S. market until July 2022 , long after the makers of mRNA vaccines had reaped billions in sales. Continue to STAT+ to read the full story…

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STAT+: Humana projects a tough road for Medicare Advantage, sinking its stock

STAT

Humana’s Medicare Advantage business is faring even worse than the company let on last week , with “unprecedented” numbers of older adults getting medical care and busting through its tactics for holding up payment. Continue to STAT+ to read the full story…

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STAT+: SVB, biotech’s bank of choice, just failed. It could have ripple effects

STAT

Silicon Valley Bank, which does business with roughly half of the nation’s tech and biotech companies, failed on Friday. Its parent company, SVB Financial, had lost more than 66% of its market value over two days after dumping billions of dollars of bonds to shore up its balance sheet.

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STAT+: DarioHealth acquires Twill, hoping it’s a shortcut to profitability

STAT

DarioHealth, which makes apps for managing chronic diseases, today announced it will acquire digital mental health company Twill for $10 million in cash plus stock valued at over $20 million at the end of Tuesday trading. In November, the company reported that it lost over $40 million in the first nine months of 2023.

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Novavax is on thin ice, and the latest update isn’t exactly encouraging

STAT

Biotech can’t shake the Fed The XBI, a closely watched index of biotech stocks, turned red for the year yesterday, and not because of a clinical disappointment, a drug pricing scandal, or an M&A rumor that came to nothing. Adjusted earnings are forecast to be between $8.44 Can gene therapy be profitable?

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STAT+: Health care CEOs hauled in $4 billion last year as inflation pinched workers, analysis shows

STAT

The health care industry didn’t just provide a safe haven for jittery stock investors in 2022, a year defined by inflation and higher interest rates. By almost every measure, 2022 was a bad year for the stock market.

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STAT+: Pharmalittle: Swiss authorities probe Novartis over patent used to block rivals; Medicare underserves older Americans with opioid use disorder

STAT

Rise and shine, everyone, another busy day is on the way. We always enjoy your tips and insights… Johnson & Johnson announced a stock buyback of up to $5 billion, joining a rush of U.S. So, time to get cracking. Hope you have a smashing day, and do stay in touch.

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