STAT

STAT+: Pharmalittle: FDA approves first gene therapy for hemophilia B; pharma’s reputation slips in U.S.

Happy Thanksgiving Eve from STAT reporter Andrew Joseph, filling in for the day. A note that this newsletter is taking a break Thursday and Friday, something to be thankful for indeed. Now, how to leave you before the big day?

Sir Pharmalot himself suggested we make a mention of where turkey futures stand this morning, in case anyone is trying to score a last-minute turkey at bargain prices. Instead, we’re more focused on gaming out our oven strategy for the big meal, with a particular priority on the pecan pie we’re on tap for. We are, after all, a former winner of STAT’s pie contest, so we have a reputation to uphold. A few more pieces of wisdom as we head into the holiday: Warm up appropriately for both your turkey trots and turkey feasts — we don’t want any injuries out there. Salads absolutely have a place on the Thanksgiving table (you need something bright and acidic to cut through everything else that’s rich and fatty; cranberry sauce should not have to shoulder that responsibility alone). And finally, no matter how full you get, there’s always room for dessert — and yes, for an extra helping of gratitude. Enjoy the holiday.

The U.S. Food and Drug Administration on Tuesday approved the first gene therapy to treat people with hemophilia B, an inherited bleeding disorder, STAT writes. The one-time treatment, called Hemgenix, was developed by the Dutch biotech company UniQure and will be marketed by CSL Behring, an Australian pharmaceutical company. Hemgenix will cost $3.5 million, making it the most expensive drug approved to date. The approval of Hemgenix provides physicians with a new, potentially curative treatment option for patients with severe hemophilia B, a rare bleeding disorder caused by a genetic mutation that prevents the body from producing sufficient quantities of a clotting protein called Factor IX.

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2 years 8 months ago

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STAT

STAT+: Pharmalittle: Big PBM keeps AbbVie’s Humira on formulary; Lilly CEO says fake tweet means there’s more to do on insulin costs

Good morning, everyone, and how are you today? We are doing just fine, thank you, as we make our way through a three-day jaunt to the corporate nerve center for different gatherings. We are fortified, of course, by cups of stimulation, which we find when and where we can when on the road. Perhaps you can relate.

Meanwhile, as we hunt for still another, here is the latest laundry list of interesting items to help you on your journey today. We do hope you have a meaningful and productive experience. And as always, we invite you to keep in touch. After all, our work is more interesting when you pass along insights, tips, and secrets. …

UnitedHealth Group’s pharmacy benefits manager, OptumRx, will keep AbbVie’s Humira alongside up to three biosimilar medicines next year, Bloomberg News writes. The decision is a partial win for AbbVie, since its rheumatoid arthritis treatment has generated almost $200 billion in sales in nearly two decades. Several competing biosimilar versions are set to debut in the U.S. in 2023, giving prescription drug plans a chance to pit different suppliers against one another for discounts. Optum Rx, which is the third-largest U.S. pharmacy benefit manager and managed $112 billion in drug spending last year, will place biosimilars on its formulary in the same position as Humira.

Continue to STAT+ to read the full story…

2 years 8 months ago

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STAT

STAT+: Pharmalittle: Walmart to pay $3.1 billion to settle opioid claims; Indian Covid vaccine underwent troubling approval process

Good morning, everyone, and how are you today? We are doing just fine, thank you, as we settle in to a busy routine at the latest big STAT event. However, we are exerting additional energy in search of an acceptable cup of stimulation. We will keep you posted on our progress.

Good morning, everyone, and how are you today? We are doing just fine, thank you, as we settle in to a busy routine at the latest big STAT event. However, we are exerting additional energy in search of an acceptable cup of stimulation. We will keep you posted on our progress. Meanwhile, we have still found time to assemble the latest list of interesting items for you to peruse. As always, we hope you have a meaningful and productive day. And of course, please keep in touch. We treasure secret dossiers and other delicious tidbits. …

Walmart has agreed to pay $3.1 billion to settle opioid-crisis lawsuits brought by several U.S. states and municipalities, adding to a landmark settlement with rival pharmacy chains, The Wall Street Journal writes. The agreement, which will require significant improvements in how Walmart pharmacies handle opioids, resolves a collection of lawsuits brought by states, cities, and Native American tribes. Earlier this month, CVS Health and Walgreens Boots Alliance agreed to pay roughly $5 billion apiece to settle the lawsuits. The companies did not admit wrongdoing. Each state, local government, and tribe will need to decide whether to participate in the settlement.

Continue to STAT+ to read the full story…

2 years 8 months ago

Pharma, Pharmalot, pharmalittle, STAT+

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