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Some of the largest pharmaceuticalcompanies in the U.S. This unprecedented move launches a new dystopic era: pharmaceuticalcompanies as health care provider, no pesky physician middlemen needed. Want to self-prescribe a prescription drug? No problem!
We chat about how pharmaceuticalcompanies are navigating a looming patent cliff. We also talk about yet another obesity startup and a failed study from Google’s secretive anti-aging company Calico. And what are the hosts’ New Year’s resolutions? Read the rest…
If you want a large pharmaceuticalcompany to invent a new drug, your best bet is probably AstraZeneca. That’s the message from the 12th edition of the Pharmaceutical Innovation and Invention Index, produced by the consultancy Idea Pharma, which was released Thursday at the STAT Breakthrough Summit.
Although more pharmaceuticalcompanies are tailoring their business models to focus on low-income countries, a new analysis finds that overall industry efforts remain limited and patient access continues to suffer as a result.
The pharmaceutical industry has been up in arms over Medicare’s first list of 10 prescription drugs that will be subject to negotiations. But other major parts of the health care industry — hospitals, doctors, and other providers — have refrained from either lending support or criticizing the government’s process.
Four months ago, a small pharmaceuticalscompany bought a medicine used to combat a rare growth disorder in children and quickly raised the list price by 150%. But the company, Eton Pharmaceuticals, argues there is no other way to keep its treatment on the market and make a profit.
During an April 2023 inspection at Raptim facilites in Nava Mumbai, India, FDA inspectors found “objectionable conditions” that led them to conclude the company falsified data in testing for multiple subjects and samples across multiple studies, according to a letter sent last week to the pharmaceuticalcompanies.
The genetic data, cross-referenced with the patients’ de-identified medical records, will be available for purchase for researchers and life sciences companies. Pharmaceuticalcompany Regeneron has invested $119.5
lawmaker described as possibly the “largest tax-dodging scheme” by a pharmaceuticalcompany in history, Pfizer sold $20 billion in medicines to U.S. In what one U.S.
Swedish pharmaceuticalcompany Orexo will no longer pursue an app for treating depression after many years of struggling to sell it. Orexo announced this week that it will no longer license the product, called Deprexis, from German manufacturer GAIA.
Access to cheaper alternatives and low enrollment prompted the company to remove the medicine — along with the HIV medicines Emtriva, Tybost, and Complera — from its patent assistance program next month, according to an Oct. 8 letter that announced the move and that has not been widely reported.
Parliament is calling for regulators to audit pharmaceuticalcompanies that have made misleading statements to the public about their Covid-19 vaccines. A member of the U.K. And the move comes after Moderna was chastised for the second time in five months by a U.K.
More than a decade ago, Ken Mandl was on a call with a pharmaceuticalcompany and the leader of a social network for people with diabetes. The drug maker was hoping to use the platform to encourage its members to get a certain lab test. The test could determine a patient’s need for a helpful drug.
The European Commission on Friday unconditionally approved a controversial deal in which Novo Holdings, the parent company of Novo Nordisk, one of the largest pharmaceuticalcompanies, would pay $16.5 billion for Catalent, a leading contract drug manufacturer.
In a brief statement , the Belgian Competition Authority alleged that Roche offered financial incentives to hospitals between 2017 and 2020 to deter them from considering competitive bids from other pharmaceuticalcompanies that could supply similar medicines.
Drug patents are a form of intellectual property protection that grants pharmaceuticalcompanies exclusive rights to manufacture, sell, and profit from their innovations for a set period. This exclusivity is the lifeblood of the industry, allowing companies to recoup their substantial R&D investments and fund future discoveries.
And pharmaceuticalcompanies that learned of the vaccine-making power of the messenger RNA platform during the Covid-19 pandemic need new markets for their technology. Here are two things that are true. The world needs more effective flu vaccines. Read the rest…
And reminiscent of a modern-day gold rush, there is now a headlong race among a growing number of pharmaceuticalcompanies to determine how many other maladies the drugs may be capable of treating.
Why are pharmaceuticalcompanies cutting more staff than cash-strapped biotechs? And who will Pfizer scout out as its next science chief? STAT’s West Coast biotech reporter Jonathan Wosen joins “The Readout LOUD” to discuss what’s driving workforce cuts. Read the rest…
The departure is a blow to BIO, which represents members ranging from small biotech startups to massive pharmaceuticalcompanies. WASHINGTON — Pfizer has decided to leave the Biotechnology Innovation Organization, according to two sources familiar with the decision.
Discovering a new drug is a big win for a pharmaceuticalcompany, but selling it for lots of money with no competition? This is Part 3 of “Behind the Counter,” an in-depth video series demystifying the complex world of patents and drug pricing. The cherry on top. Read the rest…
WASHINGTON — Most executives at pharmaceuticalcompanies haven’t directly donated to political candidates over the final stretch of the 2024 campaign. But those who have largely gave to Democrats.
The one-time treatment, called Hemgenix, was developed by the Dutch biotech company UniQure and will be marketed by CSL Behring, an Australian pharmaceuticalcompany. The Food and Drug Administration on Tuesday approved the first gene therapy to treat people with hemophilia B, an inherited bleeding disorder.
WASHINGTON — Three large pharmaceuticalcompanies left the brand-drug lobby PhRMA after the passage of Democrats’ drug pricing law in 2022. Following the exits, the organization collected $100 million less in annual membership dues, new tax filings show. Continue to STAT+ to read the full story…
The vested interests of pharmaceuticalcompanies, lobbying groups, and conservative British broadcaster Nigel Farage bleating about “defending sovereignty” are threatening to derail the treaty process entirely. The treaty has been beset by delay and misinformation.
For several years , some of the world’s largest pharmaceuticalcompanies that participate in a U.S. drug discount program overcharged the federal government and numerous hospitals by hundreds of millions of dollars, according to claims made in a recently unsealed lawsuit. and their number has grown over the years.
But even as she expressed enthusiasm for the new drugs’ potential, Volkow criticized pharmaceuticalcompanies for neglecting a moral imperative to develop new addiction treatments — but acknowledged that the health system more broadly doesn’t incentivize drug companies to treat the U.S.
These medications don’t have to be so expensive, but all too often pharmaceuticalcompanies use illegal tactics to block competition that could lower prices and encourage innovation. Americans are facing an affordability crisis at the hands of corporate titans. Read the rest…
The heads of pharmaceuticalcompanies and medical device firms continued to sit at the top as their patented products reaped the biggest windfalls. Those figures compared to an average of $13 million and median of $4.3 million in 2022. Continue to STAT+ to read the full story…
Oz is well-known for spreading medical misinformation , including touting astrology as a legitimate medical tool and the myth that apple juice contains unsafe levels of arsenic — a surprising political ally for Bourla, who runs one of the largest pharmaceuticalcompanies in the world. Read the rest…
To ring the register, a pharmaceuticalcompany may create a patent thicket , which involves filing dozens of patents that, in some cases, add little value to their medicines but extend precious monopolies. As a result, a drug company can quickly add a number of patents that can be used to protect its medicines from would-be rivals.
Although more pharmaceuticalcompanies are tailoring their business models to focus on low-income countries, overall industry efforts remain limited and patient access continues to suffer as a result , STAT writes, citing a new analysis.
Instead, it has allowed these drugs to continue to be prescribed and distributed for at least a year as the pharmaceuticalcompanies retest them for equivalency to the original brand-name drugs.
pharmaceuticalcompany AstraZeneca has become the largest multinational drugmaker in China, drawing 13% of its $5.8 The acquisition, announced in February, underscores Novo Nordisk’s push to boost output of its popular obesity drug Wegovy.
The results provide the first clinical evidence of RNA editing, a burgeoning field that's drawn interest from biotechs and pharmaceuticalcompanies alike.
The blockbuster weight loss and diabetes drug sold by Eli Lilly also appears to improve fatty liver disease, according to early clinical trial data the pharmaceuticalcompany released Tuesday.
The press release issued by pharmaceuticalcompanies Eisai and Biogen on Sept. 27 might someday be remembered as the beginning of a revolution in Alzheimer’s diagnosis and treatment.
As the health impacts of climate change become harder to ignore, biotechnology and pharmaceuticalcompanies are facing increasing pressure from investors, employees, and government regulators to reduce their carbon emissions, and to make environmental sustainability a core part of their business.
The decision is yet another loss for the pharmaceutical industry and its allies, which have filed lawsuits across the country arguing that the Inflation Reduction Act, which created a drug price negotiation program in Medicare , is unconstitutional. So far, they have lost every one. Continue to STAT+ to read the full story…
Rather, I think the story offers valuable lessons on drug development for pharmaceuticalcompanies, researchers, and the general public alike. To be clear, I’m not writing this to claim credit for discovery or development of GLP-1s or anything like that. Read the rest…
Effective management of drug patent portfolios is crucial for pharmaceuticalcompanies to maintain market exclusivity, protect revenue streams, and drive innovation. A robust patent strategy aligned with business goals is essential for maximizing value and staying competitive in the pharmaceutical landscape.
Biden administration officials have abandoned their own proposal to require drug companies to disclose the prices and research costs of drugs that are driving up spending in state Medicaid programs.
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