podcasts
The future of obesity drugs stretches far past obesity
Is there more funding coming for the biotech industry? Will the pharmaceutical industry be hit with tariffs? And is it possible to reason with RFK Jr.?
We talk about all that and more on this week's episode of "The Readout LOUD," STAT's biotech podcast. John Crowley, the CEO of industry lobbying group BIO, joins us to discuss the layoffs at the Food and Drug Administration, RFK Jr.'s comments on Novavax's Covid-19 vaccine, and how the trade group is communicating with the Trump administration.
Then, hosts Adam, Elaine, and Allison discuss the latest news on the stock market and a congressional advisory group's recommendation that $15 billion be invested in U.S. biotechnology to ward off encroaching competition from China.
Listen here.
BANKRUPTCY
Treasury urged to probe 23andMe's DNA data sale
A bankrupt 23andMe is preparing to auction off its assets, including its consumer DNA and health data. So Sen. Bill Cassidy (R-La.), chair of the Senate health committee, is calling on the Treasury Department, through the Committee on Foreign Investment in the United States (CFIUS), to ensure that any data do not wind up in the hands of China or other foreign adversaries.
In letters to the Treasury and the company, Cassidy demanded national security interests be protected and criticized 23andMe's refusal to involve a neutral third party. The company, fresh off a $30 million data breach, settlement, insists it'll honor privacy policies during the sale. The Justice Department recently issued a final rule prohibiting the sale of genomic data to "countries of concern."
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