podcast
Viking's obesity flop and 'pharm to table' drug sales
On this week's episode of "The Readout LOUD": vikings. No, not the seafaring Norse people of the 10th century, or the Minnesota football team. The gang will discuss obesity drug developer Viking Therapeutics and the investor cult that embraces it, both of which performed a painful belly flop this week.
Then, we'll dish on the growing "pharm to table" movement. That's the clever buzzphrase bandied around by Big Pharma insiders to promote plans to sell drugs directly to consumers — supposedly at lower costs that will make President Trump happy. Except as our cohost Elaine Chen reported this week, these direct-to-consumer plans championed by Eli Lilly, Novo Nordisk, Bristol Myers Squibb, and others are unlikely to make drugs much more affordable. We'll dig into the details.
Listen here.
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Supreme Court lets Trump slash NIH research funds
The Supreme Court is allowing the Trump administration to cut $783 million in National Institutes of Health research grants tied to diversity, equity, and inclusion programs, overturning an order by a lower court that had blocked the move.
In the 5-4 vote, Chief Justice John Roberts sided with the three liberals in dissent, warning against the abrupt cancellations. The plaintiffs — who included 16 Democratic attorneys general and public health groups — say these cuts will devastate careers, disrupt ongoing studies, and cost lives.
While the justices left Trump's broader funding guidance on hold, the decision marks a major win for the administration as it seeks to reshape billions in federal science spending.
"I've never seen government racial discrimination like this," U.S. District Judge William Young, an appointee of Republican President Ronald Reagan, said at a hearing in June. He later added: "Have we no shame?"
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