Tag Archives: pharma

Biotech Firm Licenses At-Home COVID Saliva Test

Barron’s Daily reports: A small biotech called Sorrento Therapeutics announced Wednesday that it had licensed a Covid-19 test from Columbia University that, according to a small study, can provide highly accurate results in thirty minutes using only a person’s saliva. In an interview Monday, Sorrento CEO Dr. Henry Ji said that the test could eventually be used to test people …

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Moderna Vax Shows “Promising” Immune Response

The New York Times reports: An experimental coronavirus vaccine made by the biotech company Moderna provoked a promising immune response against the virus and appeared safe in the first 45 people who received it, researchers reported on Tuesday in The New England Journal of Medicine. Moderna’s vaccine, developed with researchers at the National Institute of Allergy and Infectious Diseases, was …

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Oxycontin Kingpin Jonathan Sackler Dies At Age 65

The Associated Press reports: Jonathan Sackler, one of the owners of OxyContin maker Purdue Pharma, has died, the company confirmed. Sackler died June 30, according to a court filing. He was 65 and the cause of death was cancer. He was the son of Raymond Sackler, one the brothers who bought drug company Purdue Frederick in 1952, and served as …

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COVID Drug To Cost $3120 In Developed Countries

The Associated Press reports: The maker of a drug shown to shorten recovery time for severely ill COVID-19 patients says it will charge $2,340 for a typical treatment course for people covered by government health programs in the United States and other developed countries. Gilead Sciences announced the price Monday for remdesivir, and said the price would be $3,120 for …

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Cheap Steroid Hailed As COVID Breakthrough [VIDEO]

Reuters reports: Dexamethasone, a cheap and widely used steroid, has become the first drug shown to be able to save lives among COVID-19 patients in what scientists hailed as a “major breakthrough”. Results of trials announced on Tuesday showed dexamethasone, which is used to reduce inflammation in other diseases, reduced death rates by around a third among the most severely …

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Potential COVID Vax To Enter Final Testing Stage In July

The Hill reports: The final testing stage for a potential coronavirus vaccine developed by Moderna is set to begin in July, The Wall Street Journal reported Wednesday. John Mascola, the director of the vaccine research center at the National Institute of Allergy and Infectious Diseases, told the Journal that the trials will involve about 30,000 people at more than 50 …

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Human Trials Begin For First New COVID Medication

STAT News reports: Researchers have begun testing what appears to be the first new medicine developed specifically against Covid-19, in a milestone for drug companies aiming to combat the disease, the medicine’s makers said Monday. The medicine, a human-made antibody against the coronavirus that causes the disease, was discovered by a Vancouver company, AbCellera, and is being developed by Eli …

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Pharma CEOs Made 4X CDC Pandemic Budget In 2019

Axios reports: The CEOs of 179 health care companies took home almost $2.5 billion in 2019, a majority of which came from cashing out stock, according to an Axios analysis of financial filings. The big picture: That amount is four times what the Centers for Disease Control and Prevention had to study and prepare for all “emerging and zoonotic infectious …

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Pharma Giant Discontinues Baby Powder Amid Lawsuits

CNBC reports: Johnson & Johnson said Tuesday that it is discontinuing its talc-based baby powder in the United States and Canada as demand fell in light of mounting lawsuits that said it caused cancer. J&J attributed the decline “in large part to changes in consumer habits and fueled by misinformation around the safety of the product and a constant barrage …

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No Early Release For “Delusional” Pharma Douche

The New York Post reports: The Pharma Bro is staying behind bars another three years, despite his claimed fears of being at risk from the coronavirus. A federal judge in Brooklyn has denied Martin Shkreli’s request to be released early, citing his good health and low-risk at the Allenwood Low Federal Correctional Institution, where he’s currently confined. Adding insult to …

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Pharma Walks Back Offer Of Vaccine First Dibs To US

The Associated Press reports: French pharmaceutical group Sanofi promised Thursday that it would make its COVID-19 vaccine, when ready, available in all countries, hours after the company’s CEO said the United States will get first access. Sanofi CEO Paul Hudson’s comments that a vaccine would go first to the U.S. prompted an angry reaction from the French government. “Equal access …

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French Pharma To Give US “Preference” On Vaccine

Bloomberg News reports: Americans will likely get Sanofi’s Covid-19 vaccine before the rest of the world if the French pharmaceutical giant can successfully deliver one. That’s because the U.S. was first in line to fund Sanofi’s vaccine research, Chief Executive Officer Paul Hudson said in an interview with Bloomberg News. He warned that Europe risks falling behind unless it steps …

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Gilead Deal Allows Overseas Generics Of COVID Drug

STAT News reports: Seeking to blunt concerns about access to its remdesivir treatment for Covid-19, Gilead Sciences (GILD) signed deals with five generic companies in India and Pakistan to manufacture and distribute the experimental medicine to 127 countries. Under the agreements, the companies can set their own prices, but will not have to pay royalties to Gilead until the World …

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J&J Aiming For 1 Billion Vaccine Doses By 2021

NBC News reports: Health care giant Johnson and Johnson is looking to produce a billion coronavirus vaccines next year, according to the company’s chief scientific officer. Dr. Paul Stoffels said the company is upscaling manufacturing and will start producing the vaccine later this year. “We are preparing clinical trials. We are fully underway and upscaling. We start clinical trials in …

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FDA Grants Emergency Use Approval For Gilead Drug

CNBC reports: The Food and Drug Administration has granted emergency use authorization for Gilead Sciences remdesivir drug to treat the coronavirus, President Donald Trump announced Friday. Trump made the announcement in the Oval Office alongside Gilead CEO Daniel O’Day. “We want to thank the collaborators that brought remdesivir to this point and many of our people that have been part …

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Pharma Triples Price Of Potential Anti-COVID Drug

Axios reports: This month, Jaguar Health more than tripled the price of its lone FDA-approved drug, right after asking the federal government to expand the use of its drug to coronavirus patients. Jaguar Health drastically raised the price of a drug during the height of the pandemic, but executives argued the move was needed to stave off the company’s collapse. …

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Pharma Douche Seeks Release To Seek COVID Cure

The Hill reports: Controversial pharmaceutical CEO Martin Shkreli called for his temporary release from prison on Tuesday in an 11-page scientific paper posted to a pharmaceutical company’s website. In the paper, Shkreli asks for a three-month furlough from his prison sentence in order to assist in the development of a cure for coronavirus. “I am asking for a brief furlough …

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Trump And Allies Hold Stock In Malaria Drug Pharmas

The New York Times reports: Some associates of Mr. Trump’s have financial interests in the issue. Sanofi’s largest shareholders include Fisher Asset Management, the investment company run by Ken Fisher, a major donor to Republicans, including Mr. Trump. A spokesman for Mr. Fisher declined to comment. As of last year, Mr. Trump reported that his three family trusts each had …

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Gilead Opens Access To Experimental Anti-Virus Drug

Axios reports: Gilead Sciences CEO Daniel O’Day said in an open letter Saturday the company is expanding access to its experimental anti-coronavirus drug remdesivir to include severely ill COVID-19 patients. President Trump has called the antiviral drug “promising,” but the results of six clinical trials on this investigational medicine are still being conducted, so its effectiveness the treatment of the …

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Feds Sue Pharma Douche Over AIDS Drug Price Hike

Reuters reports: Martin Shkreli, the “pharma bro” in prison for defrauding investors, faces a lawsuit filed by the Federal Trade Commission and New York attorney general’s office for an alleged scheme to preserve his monopoly for the drug Daraprim, whose price increased by more than 4,000% in one day. The lawsuit accuses a company that Shkreli once ran of buying …

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