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STAT+: Wyden claims Pfizer used a ‘colossal’ scheme to avoid paying billions in U.S. taxes

STAT

for 2018 and 2020. In what one U.S. lawmaker described as possibly the “largest tax-dodging scheme” by a pharmaceutical company in history, Pfizer sold $20 billion in medicines to U.S. customers, but treating the profits as foreign income for tax purposes.

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STAT+: The CRISPR companies are not OK

STAT

No less an authority than a Nobel Prize committee announced, in 2020, that CRISPR “may make the dream of curing inherited diseases come true.”   The gene editing tool, wrested out of bacteria 13 years ago by a fractious group of biochemists, was supposed to change medicine.

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STAT+: Pfizer to pay $60 million to settle claims that Biohaven paid kickbacks to doctors

STAT

The authorities alleged that, from March 2020 through September 2022, Biohaven improperly paid doctors speaking fees and for meals at “high end” restaurants in order to persuade them to prescribe Nurtec ODT, the centerpiece of the $11.6 Department of Justice. billion acquisition.

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STAT+: Sutter Health settles sweeping antitrust case, narrowly avoiding trial

STAT

based Sutter want to be repaid for the money they spent on health insurance from 2011 through 2020.   Terms of the settlement were not immediately released on Monday, but it’s likely sizable given the scope of the case. The individuals and businesses suing Sacramento, Calif.-based Continue to STAT+ to read the full story…

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STAT+: Why Orexo is abandoning a digital therapeutic for depression

STAT

The companies have worked together on Deprexis in the United States since 2020 and have deals for two other apps, including Modia, an app that provides psychosocial support to people being treated for opioid addiction. Orexo announced this week that it will no longer license the product, called Deprexis, from German manufacturer GAIA.

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STAT+: After Canada required pharma to pay fees, drug agency recommended coverage more often

STAT

The analysis tallied a total of 258 approved drugs for which companies submitted applications between 2009 and 2020, and then examined funding recommendations that were subsequently made through December 2020 for most drugs. Recommendations for cancer treatments were reviewed through December 2021.

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STAT+: With $40 million, former DeepMind employees launch startup ‘laser-focused’ on AI protein design

STAT

The Alphabet-owned AI company took the biology world by storm in 2020 with AlphaFold2 , the protein structure prediction AI platform that “solved” a decades-old biology problem. Where is DeepMind’s AI protein design spinout? In 2021, the company spun out Isomorphic Labs, an AI drug discovery company.

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