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STAT+: Amylyx ALS drug failure leaves patients, advocates, and researchers reeling — and wondering what’s next

STAT

The latest disappointment in amyotrophic lateral sclerosis research brought crushing news for patients and physicians, forcing the community to consider just what to do with an approved medicine that doesn’t appear to work.

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STAT+: Bright Health sells Medicare Advantage plans to Molina for $600 million

STAT

But the pending sale of its Medicare Advantage business means the financially distressed Bright has exited the health insurance market that the company was founded on. Molina said in a news release that Bright’s current book of business generates $1.8 Regulators must approve the deal.

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STAT+: Pharmalittle: Genentech weighs delaying cancer therapy after drug pricing law; Novo continues to restrict supplies of low-dose Wegovy

STAT

Hardy argues that the new Medicare negotiation program could encourage the company to slow-walk research on how a drug could treat diseases with smaller populations in favor of making sure diseases with larger patient populations are the first to market. market for several months to ensure supplies for existing patients.

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STAT+: Pharmalittle: Bristol Myers to buy schizophrenia-drug maker; Servier found guilty of fraud

STAT

For Bristol, the deal represents a re-entry into the market for drugs to treat psychiatric and neurological diseases. Drugmakers are slow-walking products to market to get around a federal law to lower medication prices, Bloomberg News explains. Enjoy, and see you on Jan. 2 when we return with our daily menu of tidbits.

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

STAT

On 2024 guidance, Merck said it expects sales in the range of $62.7-$64.2 On Wall Street, that spells bad news for the riskier segments of the market, which includes biotech, and thus the XBI dipped about 2%. The company had previously forecast $1 billion in 2023 sales before cutting that number in half.

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Research predicts 2029 small molecule oncology market leaders

European Pharmaceutical Review

Strong demand for small molecules as treatment for non-small cell lung cancer (NSCLC) in the eight major markets means that the small molecule treatment market for the disease is expected to reach over $15 billion by 2029. This represents approximately 40 percent of the total NSCLC market, stated GlobalData. percent by 2029.

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FDA rejection to delay Lebrikizumab chances to enter atopic dermatitis market: GlobalData

Express Pharma

This news will likely delay lebrikizumab’s entry into the US market and therefore affects the agent’s chances to compete directly with agents such as Sanofi and Regeneron’s first-to-market anti-IL-4/13 Dupixent (dupilumab) and LEO Pharma’s anti-IL-13 Adbry/Adtralza (tralokinumab), says GlobalData. Of the $17.4

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