Covering obesity drugs could cost Medicare $35B by 2034, budget office estimates
While Medicare doesn’t currently cover anti-obesity drugs, a new report from the Congressional Budget Office estimates that coverage could cost Medicare $35 billion from 2026 to 2034. The office...
View ArticleGSK to pay up to $2.2B to settle almost all Zantac-related court cases
GSK said Wednesday that it is paying up to $2.2 billion to resolve 93% of its US state-based liability cases related to its heartburn medicine Zantac. The UK company also agreed to a separate agreement...
View ArticleExclusive Q&A: FDA's principal deputy commissioner on taking over for Califf,...
With a new presidential administration next year, FDA Principal Deputy Commissioner Namandjé Bumpus would be in line to lead the agency if current Commissioner Robert Califf steps down after the...
View ArticleCMS looks to $2 out-of-pocket cap for some commonly used generic drugs
The Centers for Medicare and Medicaid Services on Wednesday published a list of 101 commonly used generic medicines that would cost some Medicare patients no greater than $2 per month under a proposed...
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Spatial biology companies Vizgen and Ultivue merge amid ongoing lawsuits
Vizgen and Ultivue, two companies at the forefront of developing technologies that allow scientists to map the molecular makeup of cells in exquisite detail, are joining forces. The merger, announced...
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Former Pfizer CEO and CFO flip on activist and say they now support company
In a late-night reversal, Pfizer’s former CEO and CFO issued a statement saying they now support the company’s existing management over activist investor Starboard Value. Frank D’Amelio “We have...
View ArticleGritstone files for bankruptcy, says it could forge a transaction as early as...
Gritstone bio filed for Chapter 11 bankruptcy on Thursday morning in a bid to keep itself afloat as it seeks a buyer or other transaction to continue running R&D of its cancer and infectious...
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#CPHI24: Clients add pressure to CDMOs to source raw materials outside of...
MILAN — CDMOs are increasingly fielding inquiries from biopharma clients on how reliant they are on China for their raw materials, off the back of industry anxiety on how the Biosecure Act would play...
View ArticleExclusive: Reema Health raises $7.6M to reach people on Medicaid
A startup that helps community workers guide Medicaid members to the care they need just raised a new round of funding. People on government-run Medicaid insurance for low-income households can often...
View ArticleSuki nabs $70M Series D to arm doctors with AI tools
Suki, a startup that provides AI tools to help healthcare providers with documentation, billing and other administrative work, raised $70 million in a Series D funding round. The round was led by...
View ArticleStarboard launches first salvo in Pfizer fight, alleging ex-CEO, CFO were...
The activist investor targeting Pfizer claims that the company’s former CEO and CFO, who were previously working with the investor, were pressured to flip and side with the company. In a public letter...
View ArticleOno’s ADC deal; Leo Pharma to conduct layoffs
Plus, news about Booster Therapeutics, Century Therapeutics and Holobiome: Ono Pharmaceutical’s ADC deal: The Japanese drugmaker will pay up to $700 million to LigaChem Biosciences to develop, produce...
View ArticleAI biotechs Recursion and Exscientia first held deal talks in 2022
When Recursion Pharmaceuticals and Exscientia announced plans to merge in August, it marked the first major consolidation in the early AI-driven biotech field. The all-stock deal, touted as an alliance...
View ArticleBehind the scenes of how ex-Pfizer CEO and CFO joined activist Starboard
The message over the weekend to Pfizer’s CEO Albert Bourla was blank. But it contained a warning nonetheless. It came from his former CFO Frank D’Amelio. While there was no content in the email, the...
View ArticleBaxter plots recovery after Hurricane Helene, MilliporeSigma’s €290M facility
Welcome to Endpoints News’ manufacturing briefs, where we bring you essential news on new builds, collaborations, recalls and more. Baxter said that it is increasing manufacturing at its sites outside...
View ArticleSen. Warren urges FTC to ‘carefully scrutinize’ Novo-Catalent deal over...
Sen. Elizabeth Warren (D-MA) has put the spotlight on Novo Holdings’ acquisition of Catalent, expressing concerns that the deal could give Novo Nordisk “unprecedented visibility” into its competitors’...
View ArticleImmatics heads to Phase 3 with melanoma cell therapy, seeks to raise $150M
Immatics said its PRAME-targeted T cell therapy shrank tumors by at least 30% in just over half of melanoma patients in an early-stage trial, and the company plans to start a pivotal study by the end...
View ArticleEli Lilly inks another obesity pact, doubling down on small Swiss partner
Eli Lilly is returning to KeyBioscience, a nimble Swiss biotech, seven years after originally linking arms with the startup to work on dual amylin calcitonin receptor agonists for obesity and other...
View ArticleSeven patients diagnosed with blood cancer after Skysona treatment, new data...
Seven young boys treated with bluebird bio’s gene therapy for a rare neurological disease have been diagnosed with blood cancer months or years after treatment, according to data published on Wednesday...
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FDA approves Roche's new treatment for subset of breast cancer patients
The FDA has approved Roche’s inavolisib plus Pfizer’s Ibrance and fulvestrant in a subtype of breast cancer over a month before the target action date, the agency announced Thursday. The treatment,...
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