Tue.Jul 30, 2024

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STAT+: Wells Fargo faces class action lawsuit over workers’ high drug costs

STAT

Former employees sued Wells Fargo on Tuesday, alleging the banking giant violated federal law by not diligently monitoring how much it was paying for their prescription drugs, which led to massive overcharges. The class action lawsuit is the second of its kind filed in federal court, further heightening the legal risks for employers that don’t scrutinize how they purchase health and drug benefits for their workers.

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Study reveals new insights into ‘gene misbehaviour’ in healthy populations

Pharma Times

The findings could support investigations into human genetics and various complex diseases

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Trending Sources

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STAT+: Dental AI startup raises $30 million, including from Mark Zuckerberg’s dad

STAT

As the AI race in dentistry grows more heated, a startup called Perceptive is aiming to automate each stage of a dental visit, from imaging to treatment recommendations to the actual surgical procedure. The Boston startup, which recently came out of stealth mode, announced on Tuesday that it has received $30 million in funding to work on a dental system that includes a hand-held imaging machine, an AI algorithm to help diagnose and suggest treatment, and a surgical robot to complete the procedur

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HDR UK and DPUK granted £2m for new motor neurone disease research initiative

Pharma Times

The rapidly progressive neurological condition affects around 5,000 people in the UK

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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STAT+: Older GLP-1 drug may help protect brains of Alzheimer’s patients, early study suggests

STAT

A new study suggests that an older GLP-1 drug may help protect the brains of people with early Alzheimer’s disease, supporting the case for further research on the class of medications — originally developed for obesity and diabetes — in neurological diseases. The Phase 2 randomized trial, led by researchers at Imperial College London, tested Novo Nordisk’s liraglutide, the predecessor to Ozempic and Wegovy, in patients with early Alzheimer’s disease over one y

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Pfizer quits Duchenne gene therapy, lays off staff following study setback

BioPharma Dive

The company is letting go of 150 staffers alongside a decision to officially terminate the high-profile program, which was acquired in 2016.

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More Trending

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7 years after launch, Sanofi’s Dupixent is set for a megablockbuster run

PharmaVoice

Dupixent hasn’t generated as much buzz as top-sellers like Keytruda or Ozempic, but the drug is boosting Sanofi’s earnings into the future.

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There’s more data for trans people with HIV than any other disease — but it’s still flawed

STAT

Transgender people are at higher-than-average risk of contracting HIV. And yet, when epidemiologist Diana Tordoff set out to analyze how transmission of the virus might change in the U.S. over the next 10 years with increased testing and preventative PrEP medication, she found there wasn’t enough existing data on trans and nonbinary people to answer the question for those populations.

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Lowest summer registration pass rate in four years

The Pharmacist

The number of students passing the summer pharmacist registration exam is the lowest it has been in four years, figures published today have revealed. Just 75% of trainee pharmacists passed the common registration assessment for pharmacists this year, held jointly by the General Pharmaceutical Council (GPhC) and Pharmaceutical Society of Northern Ireland (PSNI).

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STAT+: NIH loses suit over censoring social media comments made by animal rights advocates

STAT

In a boost for animal rights advocates, a U.S. appeals court ruled that a National Institutes of Health policy for monitoring comments posted to its online forums violated the First Amendment because the agency made a point of removing remarks about animal testing. At issue was an effort by the NIH to exclude “off-topic” discussions about its work.

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From Diagnosis to Delivery: How AI is Revolutionizing the Patient Experience

Speaker: Simran Kaur, Founder & CEO at Tattva Health Inc.

The healthcare landscape is being revolutionized by AI and cutting-edge digital technologies, reshaping how patients receive care and interact with providers. In this webinar led by Simran Kaur, we will explore how AI-driven solutions are enhancing patient communication, improving care quality, and empowering preventive and predictive medicine. You'll also learn how AI is streamlining healthcare processes, helping providers offer more efficient, personalized care and enabling faster, data-driven

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'Outrageous' £9m monthly clawbacks after DHSC error

The Pharmacist

The Department of Health and Social Care (DHSC) will reduce Category M prices by £9m per month because it erroneously increased reimbursement prices in July. Community Pharmacy England (CPE) said that 'based on erroneous calculations' regarding market movements of wholesale prices, in July the DHSC implemented an increase in Category M reimbursement of approximately £21m […] The post 'Outrageous' £9m monthly clawbacks after DHSC error appeared first on The Pharmacist.

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Opinion: How artificial intelligence can bolster Europe’s competitive edge in biopharma

STAT

In a year marked by European Parliament elections and setting of the European Union’s priorities for the next five years, it’s time for the EU to make innovation in health and biopharmaceuticals a strategic priority for the region’s resilience and security. Europe is currently facing a competitiveness crisis. EU productivity has declined 1.2% in the fourth quarter of 2023 compared to the previous year, while U.S. productivity rose 2.6%.

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Vizient projects drug price inflation at 3.81%

vizient

The report points to expanding indications of previously approved medications, such as semaglutide, as partial cause for the projected increase. It also urges providers to prepare for an increased number of high-cost cell and gene therapies entering the market that will significantly impact provider budgets and operational processes.

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Substance use stayed at high levels in 2023, while vaping increased and smoking fell

STAT

Rates of mental illness and substance use remained largely stable in 2023, according to federal data, underscoring the severity of the long-running U.S. mental health crisis and worst-in-the-world rates of illicit drug use. And while overall rates of nicotine use also remained roughly even, the way people consumed it shifted slightly. Overall, slightly more Americans vaped nicotine, while slightly fewer smoked cigarettes.

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Why Every Small Business Needs an HCM Solution: A Comprehensive Guide

Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.

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A symbiotic relationship for optimal AI-powered healthcare

pharmaphorum

Discover how OPEN Health and fusion's AI technology partnership is creating a symbiotic relationship that is revolutionising healthcare. Explore the benefits of this for optimal patient care.

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STAT+: Wells Fargo faces class action lawsuit over workers’ high drug costs

STAT

Former employees sued Wells Fargo on Tuesday, alleging the banking giant violated federal law by not diligently monitoring how much it was paying for their prescription drugs, which led to massive overcharges. The class action lawsuit is the second of its kind filed in federal court, further heightening the legal risks for employers that don’t scrutinize how they purchase health and drug benefits for their workers.

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Boehringer buys oncology player Nerio in $1.3bn deal

pharmaphorum

Boehringer buys Nerio Therapeutics for $1.

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STAT+: Merck shares fall as sales of HPV vaccine drop in China

STAT

Shares of Merck fell 9% Tuesday after the company reported that in the second quarter, it saw a decrease in shipments of its HPV vaccine Gardasil in China, a significant market for the drug. The company brought in $2.48 billion in sales of Gardasil in the second quarter, slightly lower than estimates of $2.5 billion made by analysts polled by Visible Alpha.

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Best Practices to Streamline Compensation Management: A Foundation for Growth

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.

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Eco HPLC-based method shows promise for Z-alkene synthesis

European Pharmaceutical Review

Japanese researchers have developed a new method for photoisomerisation of E -cinnamamides to Z -cinnamamides. The approach uses a recycling photoreactor coupled with a high-performance liquid chromatography (HPLC) system. As organic compounds, many Z -alkenes “cannot be prepared through conventional methods involving thermodynamic methods”. On the other hand, “photoisomerisation can offer good yields”, they noted.

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STAT+: Eisai, Biogen make case for long-term use of Alzheimer’s drug Leqembi with new data

STAT

Patients with early Alzheimer’s disease treated with a medication developed by Eisai and Biogen for up to three years experienced less cognitive decline than what’s expected of untreated patients based on historical data, according to new study results reported Tuesday. The manufacturers said the data support long-term, continuous use of the drug.

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5 cybersecurity guidelines for remote monitoring in clinical trials

pharmaphorum

Implementing strong cybersecurity guidelines for remote monitoring in clinical trials is crucial to protect sensitive data. Learn these top 5 guidelines to secure your remote monitoring plan effectively.

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STAT+: How to tell if Biden drove a hard bargain on drug prices

STAT

WASHINGTON — The deadline for announcing how much Medicare lowered drug prices in the first year of negotiation is Sept. 1, just ahead of U.S. elections. Here are four ways to tell whether the Biden administration got a good deal. In 2022, Democrats directed Medicare to negotiate drug prices for the first time as part of the Inflation Reduction Act.

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Enhance Healthcare Efficiency With Top Payroll & HCM Services

Running a healthcare facility requires precision and care, not just for patients but also for your staff. Our guide, "A Buyer’s Guide to Payroll & HCM Services," helps healthcare providers choose the best provider. Efficient payroll management ensures timely, accurate payments, critical for maintaining staff morale and trust. Compliance support helps navigate complex healthcare regulations and avoid costly fines.

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Older GLP-1 drug shows glimmer of benefit in Alzheimer's

pharmaphorum

A small study of Novo Nordisk's once-daily injectable GLP-1 agonist liraglutide shows a benefit in patients with Alzheimer's disease

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Testing GLP-1s in Alzheimer’s, and is Medicare a good negotiator?

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. If anything will motivate me to get through this week, it’s knowing that Simone Biles went on to nail the most difficult vault even while experiencing calf problems. That and also everyone’s new obsession over pommel horse king Stephen Nedoroscik.

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Approaching the regulatory world with passion: CERs and EU MDR processes

pharmaphorum

In a new pharmaphorum podcast, web editor Nicole Raleigh speaks with Ethan Drower, co-founder and CEO of Cite Medical Solutions, a company providing full Clinical Evaluation Report (CER) services and industry literature review for European Union Medical Device Regulation (or EU MDR) processes.

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Agilisium achieves AWS life sciences competency status

Express Pharma

Agilisium , a company in Data Analytics, Cloud, and Life Science solutions, has announced that it has won the coveted Amazon Web Services ( AWS)Life Sciences Competency status; placing the brand among an exclusive group of 28 Consulting Partners out of 8,300+ AWS Partners globally. “This remarkable achievement demonstrates the company’s proven expertise in delivering transformative cloud solutions to pharmaceutical companies, seeking to expedite drug discovery, strengthen clinical trials, and de

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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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Pharma Pulse 7/30/24: The Doctor Will See You Now, But AI May Be Listening In.The Importance of Genomic Sequencing in the Battle Against HIV in South Africa & more

Pharmaceutical Commerce

The latest news for pharma industry insiders.

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How to Handle the Closing Time Rush in Your Pharmacy

PioneerRx

It's the end of the work day. You’ve filled hundreds of prescriptions and have probably sold hundreds more. You and your staff have solved all sorts of problems.

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BioNTech cancer vaccine hits the spot in melanoma

pharmaphorum

mRNA specialist BioNTech has chalked up an important win in its cancer pipeline, showing efficacy with its BNT111 vaccine candidate in a phase 2 trial in advanced melanoma.The study is looking at the combination of BNT111 with Regeneron's PD-1 inhibitor Libtayo (cemiplimab) in 184 patients with advanced melanoma who have relapsed after or not responded to treatment with a PD-1/PD-L1 inhibitor, or the two therapies given alone.

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Benefits of Drug Patent Licensing Agreements

Drug Patent Watch

The Power of Patent Licensing: Unlocking Innovation and Access to Medicines Patent licensing agreements have become a crucial tool in the pharmaceutical industry, allowing companies to collaborate and…

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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.