drug pricing
Appeals court blocks Trump-era 340B rebate pilot
A federal appeals court has blocked the Trump administration from moving forward with a pilot that would have shifted the 340B drug discount program from upfront price reductions to a rebate-based system, STAT's Ed Silverman writes. The court sided with hospitals that argued the government failed to consider how the pilot might harm so-called safety-net providers.
Upholding a lower court ruling, a panel of three judges said the Health Resources and Services Administration did not adequately weigh hospitals' reliance on the existing 340B structure, or how these rebates could create new administrative hurdles and financial strain.
The halted pilot was initially planned to begin Jan 1.
Read more.
The Readout Loud
JPM to bring more deals and happy CEOs
What news happened over the holidays? Why will pharma CEOs be greeted warmly in San Francisco next week? And who will buy Revolution Medicines?
We discuss all that and more on this week's episode of "The Readout LOUD," STAT's weekly biotech podcast. We bring on former co-host Damian Garde, who's now a reporter at large at STAT, to preview the upcoming J.P. Morgan Healthcare Conference.
We also discuss the approval of Novo Nordisk's Wegovy pill, the federal government's move to slash the number of recommended pediatric immunizations, and the resurgence of M&A deals.
Listen here.
C-Suite
Former NIH genomics director Eric Green to join Illumina as CMO
From my colleague Jonathan Wosen: DNA-sequencing juggernaut Illumina announced yesterday that Eric Green, former head of the National Human Genome Research Institute, will serve as its next chief medical officer starting Feb. 2. The news comes nearly 10 months after Green was forced out of the National Institutes of Health last March when his appointment was not renewed.
Green was the first (though far from the last) ousted institute director, and in a subsequent interview with STAT he said he was never told why he was pushed out, and who ordered it.
His new appointment, which was first reported by Endpoints News, comes as Illumina looks to maintain control over the genomics market against its many competitors and drive the use of sequencing in clinical care.
"I am excited to join the company at a time when genomic information is becoming increasingly important in clinical care," said Green in a press release. "Illumina sits at the center of the growing omics ecosystem, and the company is uniquely positioned to help shape the next phase of genomic medicine."
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