podcast
Who needs an annual Covid jab?
Why did the FDA reject an Alzheimer's treatment? And what's in store for one of biotech's most highly respected executives now that he's stepping back from his CEO role? We cover all that and more this week on "The Readout LOUD," STAT's biotech podcast.
George Scangos, the CEO of Vir Biotechnology, joins us to discuss his retirement and offer some perspective and lessons from a remarkable, 40-year career in biotech. We also chat about the latest news in the life sciences, including an FDA advisory meeting debating the necessity for annual Covid vaccinations, and a surprising, but perhaps not, rejection of Eli Lilly's Alzheimer's disease treatment.
Listen here.
more covid-19
Covid antibody drug Evusheld loses its FDA sanction
The FDA has pulled its authorization for Evusheld, a Covid-19 antibody therapy that's become obsolete thanks to the ever-mutating nature of SARS-CoV-2. Notably, AstraZeneca's Evusheld was used as a pre-exposure prophylaxis for Covid-19, meant for immunocompromised people and others at risk for a severe form of the disease. The FDA has been warning since October that Omicron variants were rendering Evusheld ineffective; still, the move to rescind its authorization weakens the arsenal against Covid-19.
The FDA did say, however, that clinics that still have stores of Evusheld should hang onto them, in case variants susceptible to the drug emerge in the future. And AstraZeneca said that it has begun trials of another antibody that, in lab studies, have been able to neutralize all variants.
Read more.
antitrust
Sen. Warren urges FTC to block two pharma mergers
Elizabeth Warren is urging the FTC to "closely scrutinize" two pending drug company mergers, saying that the "rampant consolidation" will raise health care costs for consumers. She's concerned by Amgen's potential $28.7 billion buyout of Horizon Therapeutics, as well as Indivior's $145 million deal to acquire fellow addiction medicine maker Opiant Pharmaceuticals.
"Given these companies' records of anti-competitive business practices, these acquisitions could cause further price increases on life-saving drugs and prevent affordable alternatives from entering the market," she wrote. "The FTC should carefully scrutinize these deals and oppose any Big Pharma acquisition that will threaten competition, reduce innovation, or increase costs for American families."
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