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STAT+: Biden administration makes opening offers in Medicare drug price negotiations

STAT

WASHINGTON  — The Biden administration is making its opening offers to pharmaceutical companies in its brand-new Medicare drug price negotiation program on Thursday, administration officials said.   The negotiated prices won’t take effect until 2026.  And that’s about all they said.

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AI to revolutionise drug development by 2026

European Pharmaceutical Review

Initial data from the CPHI Annual Report 2023, which provides insight from 250 global pharmaceutical companies, reveals that AI (artificial intelligence) is expected to transform every area of the industry, from drug discovery through to drug development , within the next 24-months.

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STAT+: Pharmalittle: FDA approves Pfizer’s RSV vaccine for newborns; Boehringer sues over IRA

STAT

German drugmaker Boehringer Ingelheim is the latest pharmaceutical company to sue the federal government over a law that would allow Medicare to negotiate certain drug prices, Reuters reports. Continue to STAT+ to read the full story…

Vaccines 246
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STAT+: Pharmalittle: We’re reading about the U.K. nixing coverage for a cancer drug, sharing bird flu vaccine data, and more

STAT

… Four pharmaceutical companies involved in the negotiations over prices for Medicare do not expect a significant impact on their businesses after seeing confidential suggested prices from the government for their drugs that will take effect in 2026 , Reuters writes.

Vaccines 261
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Sun Pharma and Philogen complete patient enrollment for Phase III soft tissue sarcoma trial

Express Pharma

In October 2024, the programme entered a strategic commercial partnership with Sun Pharma, a leading multinational pharmaceutical company. The study is expected to complete enrollment between Q4 2025 and Q1 2026. The soft tissue sarcoma trials are progressing as planned across Europe and the United States. In the U.S.,

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Construction starts on $400m biosimilars production centre in Slovenia

European Pharmaceutical Review

Once completed, the 40,000-square-metre centre will be used to produce active pharmaceutical ingredients (API) for biosimilars in Sandoz’s rheumatology, oncology and immunology portfolio. Sandoz is the parent company of Lek Pharmaceuticals , the oldest pharmaceutical company in Slovenia.

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Radiopharmaceuticals for prostate cancer to go nuclear with $6.3 bn in sales by 2030

Express Pharma

Radioligand therapies (RLTs) have received prominent attention from major pharmaceutical companies in treating prostate cancer. Bayer’s Xofigo (radium-223 dichloride) demonstrated the proof-of-concept with its FDA approval for castration-resistant prostate cancer (CRPC).