STAT

STAT+: AbbVie Parkinson’s drug helps improve symptoms in late-stage study

This story first appeared in The Readout newsletter. Sign up for The Readout and receive STAT’s award-winning biotech news delivered straight to your inbox. 

This story first appeared in The Readout newsletter. Sign up for The Readout and receive STAT’s award-winning biotech news delivered straight to your inbox. 

AbbVie reported Thursday that its experimental Parkinson’s drug that it got from Cerevel Therapeutics helped alleviate symptoms and improve quality of life in a late-stage study.

In the Phase 3 trial, early-stage Parkinson’s patients on the highest dose of the drug, called tavapadon, experienced a 10.2-point improvement on tests that measured motor symptoms and quality of life, also known as the MDS-UPDRS parts II and III. Meanwhile, those on placebo saw a 1.8-point worsening.

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8 months 2 weeks ago

Biotech, biotechnology, chronic disease, STAT+

STAT

Moderna cuts spending, and Sarepta’s ‘curse’ on Califf

Good morning. If you’re following the European Society for Medical Oncology meeting that starts tomorrow, sign up for our ESMO in 30 Seconds newsletter. My colleague Drew Joseph is on the ground in Barcelona (and I’m very jealous of him).

Onto the biotech news of the day.

Good morning. If you’re following the European Society for Medical Oncology meeting that starts tomorrow, sign up for our ESMO in 30 Seconds newsletter. My colleague Drew Joseph is on the ground in Barcelona (and I’m very jealous of him).

Onto the biotech news of the day.

Read the rest…

9 months 2 days ago

Biotech, Business, Pharma, The Readout, biotechnology, drug development, drug prices, Research

STAT

Opinion: STAT+: How to keep the BIOSECURE Act from hobbling U.S. biotech and pharma

In a rare display of bipartisan agreement, Congress is getting serious about addressing China’s influence in key industries. This spring’s “TikTok ban” is the most obvious example of this effort. Legislation currently under debate would extend these same principles to the life sciences sector, with major implications and opportunities for the country.

The BIOSECURE Act would prohibit many biotech and pharmaceutical companies from conducting certain research and development activities, including the manufacturing of drugs through named Chinese companies. On Monday, an updated version of the bill passed the House of Representatives with strong bipartisan support. Notably, a number of representatives with expertise in health care and the life sciences ultimately voted against the legislation. The Senate is expected to take up a slightly different version later this year.

BIOSECURE proponents argue that allowing the Chinese Communist Party access to U.S. patient information is a national security concern, as is the overreliance on China for drug development. They aren’t wrong. Protecting that information and being able to make our own medicines should be a national priority.

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9 months 3 days ago

First Opinion, Opinions+, biotechnology, Congress, Pharmaceuticals, policy, STAT+

STAT

STAT+: With a win in lung cancer, biotech’s wealthiest outsider surfs to new heights

On Sunday, a small biotech company called Summit Therapeutics won a remarkable victory, saying its experimental drug outperformed Merck’s Keytruda, the world’s best-selling drug, in non-small cell lung cancer, the disease that represents Keytruda’s biggest market.

On Sunday, a small biotech company called Summit Therapeutics won a remarkable victory, saying its experimental drug outperformed Merck’s Keytruda, the world’s best-selling drug, in non-small cell lung cancer, the disease that represents Keytruda’s biggest market.

By itself, Summit’s victory would be a dramatic story, although not an unheard of one in the unpredictable world of biotechnology. But it’s just the start. Because at the center of it is one of the industry’s most iconoclastic figures: Robert “Bob” Duggan, who became a billionaire after he bought up shares of another biotech company, Pharmacyclics, that was on the brink of failure, developed a breakthrough cancer drug, and sold the company to AbbVie for $21 billion.

Duggan, 80, is a living rebuke to a pharmaceutical industry self-image that is increasingly crafted in Cambridge, Mass. and San Francisco. Before Pharmacyclics, he had no drug industry experience, having worked in cookie stores and then surgical robots. He lacks a college degree, and is a practicing scientologist who told STAT in an interview that he reads the works of Scientology founder L. Ron Hubbard every day and who has in the past said he’d given the church more than $360 million. He speaks in long, dramatic arcs, often spelling out words, referencing their roots, or giving itemized lists.

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9 months 6 days ago

Biotech, Business, Pharma, biotechnology, Cancer, drug development, Pharmaceuticals, STAT+

STAT

STAT+: Wegovy cut patients’ chances of dying from Covid-19, new analysis shows

LONDON — Novo Nordisk made worldwide headlines last year when a study demonstrated that Wegovy, its powerful and exceedingly popular weight loss medicine, helped reduce the risk of cardiovascular emergencies like heart attacks. 

LONDON — Novo Nordisk made worldwide headlines last year when a study demonstrated that Wegovy, its powerful and exceedingly popular weight loss medicine, helped reduce the risk of cardiovascular emergencies like heart attacks. 

Researchers on Friday unveiled results demonstrating another benefit that the drug offered to patients in that study: Compared to placebo, it cut the chances of dying from Covid-19 by roughly a third. 

Given that obesity is a major risk factor for severe Covid outcomes, it perhaps seems obvious that a medicine that helps people lose weight also helps protect them from the worst tolls of a SARS-CoV-2 infection. But researchers say it might not be as straightforward as that. Some studies have indicated that the drug, also known as semaglutide, bolsters the immune system, tamps down inflammation, and strengthens other organs, including the liver and kidneys, in ways that scientists are only beginning to tease out. 

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9 months 2 weeks ago

Biotech, biotechnology, COVID-19, Novo Nordisk, STAT+, weight loss

STAT

STAT+: Moderna is still in a Covid hangover

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Good morning and happy Friday. We discuss a new innovative immunotherapy, and we take a look at some of the earnings highlights yesterday.

FDA approves immunotherapy for soft-tissue cancer

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Good morning and happy Friday. We discuss a new innovative immunotherapy, and we take a look at some of the earnings highlights yesterday.

FDA approves immunotherapy for soft-tissue cancer

The Food and Drug Administration has approved a T cell immunotherapy from Adaptimmune Therapeutics for a rare cancer that arises in the body’s soft tissues, extending the power of immunotherapies to difficult-to-reach sarcomas.

Continue to STAT+ to read the full story…

10 months 1 week ago

Biotech, Business, Pharma, The Readout, biotechnology, drug development, drug prices, Research

STAT

A potential rival for Wegovy and Zepbound enters the fray

Want to stay on top of the science and politics driving biotech today? Sign up to get our biotech newsletter in your inbox.

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! Before we get to biotech, check out STAT’s deep dive into how UnitedHealth mobilizes a massive network of physicians and milked the health care system for profit.

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10 months 3 weeks ago

Biotech, Business, Pharma, The Readout, biotechnology, drug development, drug prices, Research

STAT

uniQure shares soar on Huntington’s data

Want to stay on top of the science and politics driving biotech today? Sign up to get our biotech newsletter in your inbox.

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. It’s been a challenging time for workers in the biopharma industry. We’ve seen companies announce layoffs one after another, and people online talk about how it seems increasingly difficult to secure a new job. Read our latest on this subject below, with new numbers on the state of the job market.

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11 months 6 days ago

Biotech, Business, Health, Pharma, Politics, The Readout, Biotech, biotechnology, drug development, drug prices, drug pricing, FDA, finance, genetics, government agencies, Pharmaceuticals, Research

STAT

The biotech news you missed this week

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Hello! Hope your weekend was a blissful one. Today, we talk about AbbVie’s outsize marketing spend, see how GLP-1s are impacting cancer rates, and more.

Want to stay on top of the science and politics driving biotech today? Sign up to get our biotech newsletter in your inbox.

Hello! Hope your weekend was a blissful one. Today, we talk about AbbVie’s outsize marketing spend, see how GLP-1s are impacting cancer rates, and more.

Read the rest…

11 months 1 week ago

Biotech, Business, Health, Pharma, Politics, The Readout, Biotech, biotechnology, Cancer, drug development, drug prices, drug pricing, FDA, finance, genetics, government agencies, Pharmaceuticals, White House

STAT

STAT+: Trying to outrun her prion disease, researcher creates powerful epigenetic editor in mice

Sonia Vallabh always thought genome editing wouldn’t be an option. It was such an obvious solution that people invariably asked, “What about CRISPR?” at the end of talks. But the details never made sense.

Vallabh and her husband, Eric Minikel, scientists at the Broad Institute, have been racing to develop a treatment for prion disease, a rare form of neurodegeneration that killed her mother at age 51 and would, if left untreated, likely kill Vallabh as well. It’s an insidious disease. Although it can have several causes, in her case, a single genetic misspelling will lead neurons to produce misfolded versions of otherwise workaday proteins called prions. These mutant prions jump cell to cell, like viruses, misfolding other prions they touch and forming toxic, neuron-killing chains.

So why not use CRISPR to repair or remove the mutant gene?

Continue to STAT+ to read the full story…

11 months 2 weeks ago

Biotech, In the Lab, biotechnology, CRISPR, gene editing, Research, STAT+

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