STAT

FEBRUARY 15, 2024

For several years , some of the world’s largest pharmaceutical companies that participate in a U.S. drug discount program overcharged the federal government and numerous hospitals by hundreds of millions of dollars, according to claims made in a recently unsealed lawsuit. and their number has grown over the years.

Hospitals 334

Hospitals Pharmaceutical Companies Pharmaceutical Companies Drug Pricing 334

STAT

MARCH 21, 2024

But even as she expressed enthusiasm for the new drugs’ potential, Volkow criticized pharmaceutical companies for neglecting a moral imperative to develop new addiction treatments — but acknowledged that the health system more broadly doesn’t incentivize drug companies to treat the U.S.

Pharmaceutical Companies 361

Pharmaceutical Companies Pharmaceutical Companies Drug Development 361

STAT

JULY 11, 2024

Why are pharmaceutical companies cutting more staff than cash-strapped biotechs? And who will Pfizer scout out as its next science chief? STAT’s West Coast biotech reporter Jonathan Wosen joins “The Readout LOUD” to discuss what’s driving workforce cuts.    Read the rest…

Pharmaceutical Companies 317

Pharmaceutical Companies Pharmaceutical Companies Diabetes 317

STAT

DECEMBER 5, 2023

The departure is a blow to BIO, which represents members ranging from small biotech startups to massive pharmaceutical companies. WASHINGTON — Pfizer has decided to leave the Biotechnology Innovation Organization, according to two sources familiar with the decision.

Pharmaceutical Companies 363

Pharmaceutical Companies Pharmaceutical Companies 363

STAT

AUGUST 8, 2024

Discovering a new drug is a big win for a pharmaceutical company, but selling it for lots of money with no competition? This is Part 3 of “Behind the Counter,” an in-depth video series demystifying the complex world of patents and drug pricing. The cherry on top. Read the rest…

Drug Pricing 321

Drug Pricing Pharmaceutical Companies Pharmaceutical Companies 321

STAT

NOVEMBER 22, 2022

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. The Food and Drug Administration on Tuesday approved the first gene therapy to treat people with hemophilia B, an inherited bleeding disorder.

Pharmaceutical Companies 343

Pharmaceutical Companies Pharmaceutical Companies 343

STAT

SEPTEMBER 19, 2024

Read the rest…

Pharmaceutical Companies 363

Pharmaceutical Companies Pharmaceutical Companies Hospitals 363

STAT

FEBRUARY 6, 2024

The blockbuster weight loss and diabetes drug sold by Eli Lilly also appears to improve fatty liver disease, according to early clinical trial data the pharmaceutical company released Tuesday.

Diabetes 361

Diabetes Pharmaceutical Companies Pharmaceutical Companies 361

STAT

DECEMBER 21, 2023

To ring the register, a pharmaceutical company may create a patent thicket , which involves filing dozens of patents that, in some cases, add little value to their medicines but extend precious monopolies. As a result, a drug company can quickly add a number of patents that can be used to protect its medicines from would-be rivals.

Biosimilars 333

Biosimilars Pharmaceutical Companies Pharmaceutical Companies 333

STAT

SEPTEMBER 30, 2024

The heads of pharmaceutical companies and medical device firms continued to sit at the top as their patented products reaped the biggest windfalls.  Those figures compared to an average of $13 million and median of $4.3 million in 2022.   Continue to STAT+ to read the full story…

Pharmaceutical Companies 363

Pharmaceutical Companies Pharmaceutical Companies Hospitals 363

STAT

MARCH 9, 2023

Oz is well-known for spreading medical misinformation , including touting astrology as a legitimate medical tool and the myth that apple juice contains unsafe levels of arsenic — a surprising political ally for Bourla, who runs one of the largest pharmaceutical companies in the world. Read the rest…

Pharmaceutical Companies 354

Pharmaceutical Companies Pharmaceutical Companies 354

STAT

JULY 2, 2024

These medications don’t have to be so expensive, but all too often pharmaceutical companies use illegal tactics to block competition that could lower prices and encourage innovation. Americans are facing an affordability crisis at the hands of corporate titans. Read the rest…

Pharmaceutical Companies 362

Pharmaceutical Companies Pharmaceutical Companies Drug Development 362

STAT

NOVEMBER 19, 2024

Although more pharmaceutical companies are tailoring their business models to focus on low-income countries, a new analysis finds that overall industry efforts remain limited and patient access continues to suffer as a result.

Pharmaceutical Companies 326

Pharmaceutical Companies Pharmaceutical Companies Drug Pricing 326

STAT

JANUARY 4, 2024

The pharmaceutical company said Thursday that it has also signed a deal with Flagship-founded startup Cellarity to develop a new medicine for the fatty liver disease MASH, formerly known as NASH.

Pharmaceutical Companies 330

Pharmaceutical Companies Pharmaceutical Companies 330

STAT

OCTOBER 4, 2022

The press release issued by pharmaceutical companies Eisai and Biogen on Sept. 27 might someday be remembered as the beginning of a revolution in Alzheimer’s diagnosis and treatment.

Pharmaceutical Companies 328

Pharmaceutical Companies Pharmaceutical Companies Drug Development 328

STAT

AUGUST 12, 2024

Instead, it has allowed these drugs to continue to be prescribed and distributed for at least a year as the pharmaceutical companies retest them for equivalency to the original brand-name drugs.

Pharmaceutical Companies 357

Pharmaceutical Companies Pharmaceutical Companies 357

STAT

JULY 22, 2024

Notably, nearly half of the overcharges stemmed from drug rebates that Express Scripts negotiated with pharmaceutical companies.

Pharmaceutical Companies 363

Pharmaceutical Companies Pharmaceutical Companies Drug Pricing 363

STAT

APRIL 30, 2024

Eli Lilly raised its full-year guidance on Tuesday while it reported strong first-quarter sales of Zepbound, even as the pharmaceutical company struggles to make enough of the obesity drug to meet the enormous demand. Lilly increased its adjusted earnings guidance for 2024 to a range of $13.50 per share.

Pharmaceutical Companies 331

Pharmaceutical Companies Pharmaceutical Companies 331

STAT

FEBRUARY 1, 2024

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. And that’s about all they said.

Drug Pricing 324

Drug Pricing Pharmaceutical Companies Pharmaceutical Companies 324

STAT

MARCH 29, 2023

As the health impacts of climate change become harder to ignore, biotechnology and pharmaceutical companies are facing increasing pressure from investors, employees, and government regulators to reduce their carbon emissions, and to make environmental sustainability a core part of their business.

Pharmaceutical Companies 275

Pharmaceutical Companies Pharmaceutical Companies 275

STAT

FEBRUARY 5, 2024

Novo Holdings manages the assets of the Novo Nordisk Foundation, which has a controlling stake in the pharmaceutical company. In turn, Novo Nordisk is buying three of Catalent’s fill-finish sites from the investment group for $11 billion. Catalent has been involved in the production of Novo’s obesity treatment Wegovy.

Diabetes 356

Diabetes Pharmaceutical Companies Pharmaceutical Companies 356

STAT

SEPTEMBER 9, 2024

Rather, I think the story offers valuable lessons on drug development for pharmaceutical companies, researchers, and the general public alike. To be clear, I’m not writing this to claim credit for discovery or development of GLP-1s or anything like that. Read the rest…

Drug Development 356

Drug Development Pharmaceutical Companies Pharmaceutical Companies 356

PharmaVoice

OCTOBER 17, 2024

The results provide the first clinical evidence of RNA editing, a burgeoning field that's drawn interest from biotechs and pharmaceutical companies alike.

Pharmaceutical Companies 246

Pharmaceutical Companies Pharmaceutical Companies 246

STAT

MAY 22, 2024

Cytokinetics shares fell nearly 10% in after-hours trading after the announcement, which investors viewed as lowering the odds that the company will be purchased by a larger pharmaceutical company. The firm also said that it would be raising $500 million through a stock sale. 

Pharmaceutical Companies 321

Pharmaceutical Companies Pharmaceutical Companies 321

STAT

NOVEMBER 1, 2023

He also has a track record at pharmaceutical companies like Novartis and Baxalta. The firm was founded by Kouki Harasaki, who was previously a partner at M12, Microsoft’s corporate venture group, and Andreessen Horowitz.

Pharmaceutical Companies 348

Pharmaceutical Companies Pharmaceutical Companies 348

STAT

MARCH 18, 2024

The biggest enticement that large pharmacy benefit managers offer to the employers that hire them is drug rebates — a steady stream of money sent back to their clients, a tangible symbol of the discounts that PBMs are able to wrangle out of pharmaceutical companies.

Biosimilars 363

Biosimilars Drug Pricing Documentation Pharmaceutical Companies 363

STAT

SEPTEMBER 26, 2024

Biden administration officials have abandoned their own proposal to require drug companies to disclose the prices and research costs of drugs that are driving up spending in state Medicaid programs.

Drug Pricing 350

Drug Pricing Pharmaceutical Companies Pharmaceutical Companies 350

STAT

AUGUST 19, 2024

. The company — or, at least, what existed at its founding in 2013 — hoped to pull data from images of healthy and diseased cells, and use that data to identify drugs gathering dust on pharmaceutical company shelves that could be repurposed as rare disease treatments. 

Medical Schools 362

Medical Schools Drug Development Pharmaceutical Companies Pharmaceutical Companies 362

STAT

SEPTEMBER 10, 2024

Amid calls to expand access to medicines in low- and middle-income countries, a new analysis finds that most of the world’s 20 largest pharmaceutical companies have taken steps to reach patients, but many efforts are yielding decidedly mixed results.

Pharmaceutical Companies 345

Pharmaceutical Companies Pharmaceutical Companies 345

STAT

JANUARY 8, 2024

… Some health care experts and doctors worry that an Eli Lilly plan to offer its Zepbound weight-loss drug directly may make it easier than ever for pharmaceutical companies to target patients with their products, regardless of whether the medicine is the right treatment for a particular individual , The New York Times explains.

Pharmaceutical Companies 270

Pharmaceutical Companies Pharmaceutical Companies 270

STAT

OCTOBER 5, 2023

Some scientists are trying to calculate those footprints, as part of a growing effort to understand biotech and pharmaceutical companies’ contributions to climate change. What if that information also included your medicine’s carbon footprint?

Pharmaceutical Companies 341

Pharmaceutical Companies Pharmaceutical Companies Drug Development 341

STAT

DECEMBER 4, 2024

Patent & Trademark Office has withdrawn a controversial proposal that was designed to prevent pharmaceutical companies from abusing the patent system. In an unexpected move, the U.S.

Generic Medicine 294

Generic Medicine Pharmaceutical Companies Pharmaceutical Companies Drug Pricing 294

STAT

JANUARY 12, 2024

In the latest bid to lower the cost of medicines, a new bill was introduced in Congress that would make it harder for pharmaceutical companies to use numerous patents in order to thwart generic competition. The legislation , which was introduced in both the House and the Senate, addresses the use of so-called patent thickets.

Pharmaceutical Companies 341

Pharmaceutical Companies Pharmaceutical Companies 341

PharmaVoice

SEPTEMBER 10, 2024

But the steady expansion of their use has slowed and, despite much trying, pharmaceutical companies have largely failed to top the drugs’ successes. Over the past 10 years, PD1-blocking medicines have transformed cancer care.

Pharmaceutical Companies 245

Pharmaceutical Companies Pharmaceutical Companies 245

STAT

SEPTEMBER 24, 2024

In the latest slap at a pharmaceutical company by a local government, the city of Baltimore has filed a lawsuit accusing Biogen of striking an “unlawful” scheme with the largest pharmacy benefit managers to block generic competition of a best-selling multiple sclerosis treatment.

Pharmaceutical Companies 352

Pharmaceutical Companies Pharmaceutical Companies Drug Pricing 352

STAT

APRIL 18, 2024

A leading animal rights group has asked securities regulators to investigate Charles River Laboratories for allegedly misleading investors about its sales and purchases of long-tailed macaques, which are widely used in clinical research by pharmaceutical companies and universities, among others.

Labelling 351

Labelling Pharmaceutical Companies Pharmaceutical Companies Drug Development 351

STAT

JANUARY 10, 2024

The researchers found that, of the 55 physicians with ties to a pharmaceutical company, 91% accepted food and beverages, and 69% received compensation for travel and consulting, according to the analysis published in the BMJ. This latest revision, known as the DSM-5-TR, was prepared between 2016 and 2019, and published in 2022.

Pharmaceutical Companies 363

Pharmaceutical Companies Pharmaceutical Companies 363