Wed.Feb 07, 2024

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STAT+: Government warns Medicare Advantage insurers not to deny care based on AI

STAT

In recent months, the federal government has repeatedly told Medicare Advantage insurers that they cannot use artificial intelligence or algorithms to deny medical services the government routinely covers. But in finalizing a rule to that effect, it also stepped into a thicket of questions from insurers about a technology that is especially difficult to pin down: What is AI?

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Pharma has a misinformation problem — and execs could be on the hook

PharmaVoice

Investment heavyweights BlackRock and Glass Lewis want compensation clawbacks on execs who don’t protect a company’s reputation.

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Can exercise help treat long Covid? New study finds patients improve with self-paced approach

STAT

Fatigue leads the list of persistent problems experienced by people with long Covid — which is why patients have pushed back against treatment approaches that endorse escalating levels of exercise for a condition that researchers are still trying to understand. They fear post-exertional malaise, the debilitating price to be paid for pushing their bodies too hard.

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Adding GPs to ARRS not the way forward, says pharmacist partner

The Pharmacist

Using Additional Roles Reimbursement Scheme (ARRS) funding for GPs would be ‘ridiculous’ given the difficulty of recruiting doctors and the efficiency of utilising other roles within the surgery, a pharmacist partner in a south coast general practice has said. Shilpa Patel, lead prescribing pharmacist and partner at WellBN health centre in Brighton and Hove, spoke […] The post Adding GPs to ARRS not the way forward, says pharmacist partner appeared first on The Pharmacist.

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Position Your Pharmacy for Expansion

Speaker: Chris Antypas and Josh Halladay

Access to limited distribution drugs and payer contracts are key to pharmacy expansion. But how do you prepare your operations to take the next step? Meaningful data: Collect and share clinical data regarding outcomes, utilization, and more Reporting: Limited distribution models require efficient tracking and reporting systems Workflows: Align workflows with specific pharma and payer contractual requirements For in-depth, expert insights on pharmacy expansion, watch this webinar from Inovalon.

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STAT+: AI can speed up drug discovery but don’t expect it to cure cancer, yet

STAT

David Reese calls it a “hinge moment” — the turning point when biotech and big tech merge to attack human disease with artificial intelligence. At Amgen, where he’s led drug research and development since 2018, Reese said this moment has finally arrived. The proof lies not only in organizational changes, such as his recent appointment as the company’s first chief technology officer, but also in Amgen’s broader push to embed AI into every aspect of the dr

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Venture firm Scion Life Sciences launches with $310M to back new biotechs

BioPharma Dive

The new firm intends to carefully select its startups and fund them for the long haul. “We're not a company formation factory,” said Aaron Kantoff, the firm’s co-founder.

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More Trending

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Stop the Presses! DEA and DOJ Fine eBay for not Reporting Sales of Tableting and Pill Press Machines

FDA Law Blog: Biosimilars

By John A. Gilbert — Last week, DEA and DOJ announced a $59 million civil penalty settlement with eBay related to the failure to comply with Controlled Substances Act (CSA) requirements for identifying purchasers, maintaining records, and filing reports of individuals selling/purchasing pill presses and encapsulating machines. As stated in the press release , this was the fourth largest civil penalty settlement under the CSA and, ironically, did not involve the sale or distribution of any contr

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STAT+: A gene therapy designed to heal skin wounds helped preserve a boy’s vision

STAT

In the clinical trial, the gene therapy seemed to be helping the boy’s skin wounds heal. But, his doctors wondered, could it also help his eyes? The boy, Antonio Vento Carvajal, had a genetic condition called epidermolysis bullosa, or EB, which causes the skin to be so fragile that even the slightest friction can cause blisters or tears. Antonio, like some patients, also had eye issues as a result of the disease.

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This week in clinical trials: 15th-19th January 2024

pharmaphorum

Stay updated on the latest clinical trials happening from January 15th to January 19th, 2024. Explore trials by ExeVir, NurixTx, Synendos Therapeutics, and Oxford BioTx.

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STAT+: Years into an addiction crisis, a med school lecture still minimized opioid risks

STAT

Amid ongoing concern over opioid addiction, a university in Florida has been criticized for allowing a lecture that conveyed “false and misleading” information about the use of the prescription painkillers by a local physician who, in years past, had ties to opioid makers. At issue was a lecture that was given last October at Nova Southeastern University in Fort Lauderdale, Fla., by Martin Hale, an  orthopedic surgeon, to first-year medical students about managing pain.

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5 Reasons to Upgrade Your Pharmacy Management Software

Are you still using workarounds to manage your daily operations? To achieve peak performance, it's time to explore other options for specialty and infusion pharmacy software. Streamline pharmacy operations and improve clinical performance with automated processing, real-time data exchange, and electronic decision support. Download this helpful infographic to: Drive efficiency and patient adherence from referral receipt to delivery and ongoing care – all with our Pharmacy Cloud.

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Jazz buys KRAS inhibitors from Redx in $880m deal

pharmaphorum

Jazz Pharmaceuticals has agreed another pipeline-building deal, this time paying $10 million upfront for rights to a KRAS inhibitor programme from UK biotech Redx Pharma, continuing a move into targeted cancer therapies. Under the terms of the deal, Jazz will acquire Redx’s KRAS inhibitor programme outright, including multiple preclinical-stage drug candidates, and will take responsibility for ushering the most promising compounds through clinical trials and onto the market.

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STAT+: RayzeBio co-founder, industry veterans launch new biotech VC with $310 million

STAT

Three biotech VC veterans, including one of the co-founders of radiopharma success story RayzeBio, are launching a new investment fund called Scion Life Sciences. Scion was started by former Apple Tree Partners colleagues Sam Hall and Aaron Kantoff, along with Tadd Wessel, managing partner of the health care private equity firm Petrichor. They raised $310 million for its first fund, blowing past their original $250 million target.

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Brighter times ahead for biotech in 2024?

pharmaphorum

As the pandemic recedes and the global economy stabilises, are there promising signs for the biotech industry's financial outlook in 2024? Learn more about the potential for recovery, reducing bankruptcies, and attracting investors.

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STAT+: Pharmalittle: We’re reading about worries over a Novo deal, a PBM bill, and more

STAT

Rise and shine, everyone. The middle of the week is upon us. Have heart, though. You made it this far, so why not hang on for another couple of days, yes? Consider the alternatives, if you must. And what better way to make the time fly than to keep busy. So grab that cup of stimulation — our flavor today is maple bourbon — and get started.

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JP Morgan 2024 – Simon Arkell

pharmaphorum

In this interview, Simon Arkell, co-founder and CEO of Ryght, discusses his vision whilst at JP Morgan 2024 and how generative AI is transforming the industry.

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The GLP-1 panic is alive and well

STAT

Want to stay on top of the science and politics driving biotech today?  Sign up  to get our biotech newsletter in your inbox. Good morning, all. Damian here with news of a new biotech venture fund, a bold bet against a billion-dollar deal, and the weight of expectations on Eli Lilly.

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GSK backs up its Blenrep rehab bid with survival data

pharmaphorum

GSK has revealed the data it hopes will allow a return to the US market for Blenrep, which was the first BCMA-targeting drug to launch there but was withdrawn from sale after it failed a confirmatory trial.

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Opinion: AI assurance labs intended to test health care technology have an equity problem

STAT

As leaders across federal agencies swiftly advance regulations for AI in health care, one proposal now seems too big to fail. That proposal is for the implementation of AI assurance laboratories — places where AI model developers can develop and test AI models according to standard criteria that would be defined with regulators.

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Brainomix’s AI-enabled stroke software endorsed by NICE

Pharma Times

The HTA reported that Brainomix 360 improved access to treatment for stroke patients

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Latest CMS Data Reveal the Truth About U.S. Drug Spending

Drug Channels

The boffins at the Centers for Medicare & Medicaid Services (CMS) recently dropped the latest National Health Expenditure (NHE) data, which measures all U.S. spending on healthcare. (Links below.) As you will see, retail and mail prescription drug spending remain a consistently small share of the $4.5 trillion that we spend on U.S. healthcare. And contrary to what you might read, drug spending growth was *not* driven by purportedly “skyrocketing” drug prices.

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From a fascination with viruses to a desire to make a lasting impact, Immunic's Hella Kohlof shares her journey

Outsourcing Pharma

Wedneday is Women in Science day and we have a fantastic interview with Hella who is co-founder and chief scientific officer of Immunic Therapeutics.

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Catalent to help Novo Nordisk address production demands for Ozempic and Wegovy: GlobalData

Express Pharma

Following the news that Novo Holdings, the parent company to Novo Nordisk, has agreed to acquire contract development and manufacturing organisation (CDMO) Catalent for $16.5 billion; Costanza Alciati, Pharma Analyst at GlobalData, offers her view: “ Novo Nordisk has been struggling to meet the demand related to its GLP-1R agonists products, notably Ozempic and Wegovy, approved for type 2 diabetes and obesity respectively.

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‘Super-practices’ and community health centres proposed by new report

The Pharmacist

An influential report by The Times Health Commission has proposed new community health centres as well as GP ‘super-practices’ to house multi-disciplinary healthcare teams, including pharmacists. It also suggested that pharmacists could play a greater role in medicines optimisation and safety, reducing pressure on hospitals and saving the NHS money.

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Vividion Therapeutics starts Phase I clinical trial in advanced solid and hematologic tumors with oral STAT3 inhibitor

World Pharma News

Vividion Therapeutics, Inc. (Vividion), announced that it has initiated dosing of patients in a Phase I clinical trial evaluating VVD-130850, an investigational oral STAT3 inhibitor for the treatment of advanced solid and hematologic tumors.

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Sustainable practices in parenteral medicine manufacturing: Need of the hour

Express Pharma

Looking ahead to the next five years, the pharma industry, once a significant greenhouse gas emitter, is set to undergo substantial growth and transformation in response to the urgent call for sustainability. The sector is making remarkable strides, evident in its pivotal role in the Indian government’s National Action Plan on Climate Change (NAPCC).

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Kyverna IPO adds to biotech momentum with $319M fundraise

BioPharma Dive

The company, a leading developer of cell therapies for autoimmune diseases, is the fifth drug startup to go public in 2024. All of them raised at least $100 million.

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Could Novo-Catalent deal face antitrust hurdles?

pharmaphorum

Eli Lilly has called on financial regulators to look into the antitrust implications of Novo Holdings purchase of Catalent and the sale of three manufacturing facilities to Novo Nordisk.

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AstraZeneca invests $300m to build new facility in US

Pharmaceutical Technology

AstraZeneca is investing $300m in a facility in Rockville, US - a significant step in launching its cell therapy platforms in the country.

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AstraZeneca to boost cell therapy operations with $300m manufacturing investment

European Pharmaceutical Review

AstraZeneca has announced a $300 million investment in a US-based manufacturing facility in Rockville, Maryland, which will focus initially on T-cell therapies for oncology indications. The site will launch the company’ s cell therapy platforms in the US for critical cancer trials and future commercial supply. The site may widen its focus to support other disease areas, according to AstraZeneca.

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NHS England pushes BRCA testing for Jewish community

pharmaphorum

Jewish people in England are being asked to have gene testing for BRCA mutations that elevate their risk of breast cancer

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ALTURiX acquires exclusive UK rights to three new products

Pharma Times

The new products are in the areas of gastrointestinal and respiratory medicines

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Gilead Sciences posts $5.61bn net income in FY 2023

Pharmaceutical Technology

Gilead Sciences has announced a 22.9% increase in net income of $5.61bn for FY23 as against $4.56bn in FY22.

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The Guardian view on India-UK trade talks: don’t make it harder for the health service | Editorial

The Guardian - Pharmaceutical Industry

Britain is pushing for patent changes that could increase the cost of Indian generic drugs, diverting more of the NHS budget to big pharma India is known as the “ pharmacy of the world ”, supplying vital generic medicines at low prices to health services including the NHS. You’d think it would be in the interest of the UK government to keep it that way.

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BCMA-GPRC5D CAR-T Cells by Guangzhou Bio-gene Technology for Relapsed Multiple Myeloma: Likelihood of Approval

Pharmaceutical Technology

BCMA-GPRC5D CAR-T Cells is under clinical development by Guangzhou Bio-gene Technology and currently in Phase II for Relapsed Multiple Myeloma.

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New patent for Heron Theraps drug APONVIE

Drug Patent Watch

Annual Drug Patent Expirations for APONVIE Aponvie is a drug marketed by Heron Theraps Inc and is included in one NDA. It is available from one supplier. There are ten… The post New patent for Heron Theraps drug APONVIE appeared first on DrugPatentWatch - Make Better Decisions.

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