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STAT+: FTC slams PBMs for boosting specialty drug prices at the expense of the U.S. health care system

STAT

And the findings may provide further impetus for legislative action to curb practices that critics say contribute to the rising cost of prescription drugs. For the second time in less than a year, the U.S.

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Listen: VC struggles, drug pricing negotiations, & Novo’s abrupt Wegovy decision

STAT

How will we know if the the government gets a good deal in the first round of drug pricing negotiations? And has Allison thought about anything other than venture capital for the last couple of months? We discuss all that and more on this week’s episode of “The Readout LOUD.”

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STAT+: ‘We don’t agree’ on drug pricing policy, FDA chief tells biotech leaders

STAT

BOSTON — The drug industry has spent the past year speaking against new mechanisms that could limit how much governments or insurers pay for certain new medicines. Robert Califf, the Food and Drug Administration chief, walked on stage Wednesday and told a crowd of biotech leaders that drug costs needed fixing.

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Recursion cuts nearly half of its pipeline

STAT

can stay competitive in science, biomedical innovation, and drug development. We’ve   Sign up  to get our biotech newsletter in your inbox. Good morning, there’s been a lot of discussion lately about how the U.S.  We’ve got several pieces of news relevant to that issue today.

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Does Moderna’s RSV vaccine lose efficacy faster than others?

STAT

Also, Moderna’s RSV vaccine efficacy seems lackluster compared to competitors, and the Bernie Sanders drug pricing song-and-dance did not seem to faze pharma CEOs. Our podcast this week centers exclusively on a tantalizing subject: Artificial intelligence in biotech. Give it a listen. Read the rest…

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STAT+: Just how much money do drugmakers gain from patent extensions?

STAT

Extending patent protection doesn’t just stretch a drug’s profits — in some cases, doing so can lead to its most significant revenue period, according to a recent analysis published by the Initiative for Medicines, Access & Knowledge, or I-MAK, a nonprofit advocating for drug pricing reforms.

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STAT+: Ted Love, BIO’s first Black board chair, aims to rehab biotech’s image in Washington

STAT

He hopes to use his experience across the drug development process to improve the biotech industry’s reputation in Washington, following a bruising lobbying fight the industry lost when Democrats gave Medicare the power to negotiate drug prices, and the organization’s messy separation from its former CEO last year.