Imagine scaling a mountain only to later lose digits or an entire hand to the unforgiving ravages of frostbite. For climbers, explorers, adventurous backcountry skiers, and even those caught in unexpected winter storms, severe cold exposure carries a devastating risk — amputation. Today, thanks to a potentially landmark FDA approval, the prospect of losing one’s…
AbbVie launches Produodopa in the EU to treat Parkinson’s
AbbVie (NYSE: ABBV) recently announced the launch of its Parkinson’s disease drug Produodopa (foslevodopa/foscarbidopa) in the European Union. Produodopa is for the treatment of advanced Parkinson’s disease with severe motor fluctuations and hyperkinesia (excessive movement) or dyskinesia (involuntary movement). It’s indicated for use when combinations of Parkinson’s medicinal products have not given satisfactory results. North…
FDA taking hands-off approach in enforcing medication promotion on TikTok
Social media has become the new wild west for questionable prescription drug marketing. According to an investigation by Bloomberg Law, TikTok has emerged as a hotbed for inappropriate and potentially dangerous promotion of medications from self-dubbed influencers without any medical expertise. Drugs featured prominently include Novo Nordisk’s bestselling GLP-1 drug Ozempic and Pfizer’s migraine medication…
In latest move, Biden targets 48 medications that have outpaced inflation
In the latest move targeting Big Pharma, the Biden Administration has signaled its intent to target the pricing of dozens of prescription drugs. In a recently announced Fact Sheet, the Administration announced a strategy under the Inflation Reduction Act to focus on 48 Medicare Part B drugs that have raised prices faster than inflation. This…
Navigating the new regulatory terrain pharma companies face with IRA and 340B
The ever-evolving landscape of pharmaceutical regulations has long been challenging to navigate, but now pharma companies face additional complexities with the introduction of the Inflation Reduction Act (IRA) and the ongoing implementation of the 340B drug pricing program. In recent years, the IRA has made waves for its impact on the pharmaceutical industry, including proposals…
FDA warns against compounded oral ketamine for psychiatric disorders
In recent years, interest in the use of oral ketamine has surged for mood disorders, thanks to the marketing efforts of companies like Mindbloom, Better U, Nue Life and Joyous. FDA released a statement describing the risks involved in taking compounded oral ketamine, noting that the dissociative anesthetic is not FDA approved for any psychiatric…
FDA resolves drug shortage for Novartis’ prostate cancer drug Pluvicto
Novartis has announced that the FDA has resolved the drug shortage status for Pluvicto (lutetium Lu 177 vipivotide tetraxetan). The development comes after Novartis significantly scaled up production, more than doubling its weekly production capacity since May. The company initially halted production of Pluvicto (lutetium Lu 177 vipivotide tetraxetan) along with Lutathera (USAN: lutetium Lu…
Pfizer prices Paxlovid at $1,390 per course, more than double the federal government’s purchase price
Pfizer will price Paxlovid at $1,390 per treatment course when selling directly to health insurers beginning in 2024. That’s about 2.6 times higher than the $529 the federal government paid for the antiviral after it launched in late 2021. Pfizer plans to subsidize copays for commercially insured patients at least through 2028. Pfizer has reduced…
Survey: Cybersecurity is top concern of pharma C-suites
Cybersecurity is a concern for two-thirds of pharmaceutical C-suites (66%), according to a recent survey from Rackspace and Microsoft. The priority came ahead of supply chain/logistics management (55%) and sustainability (53%). See full data below: Data breaches in the pharma sector are costly, with the average cost of remediation topping $10 million in 2022, according…
Lilly acquires Point Biopharma amid third FDA rejection in 2023
Eli Lilly and Company has recently received its third FDA rejection for the year 2023. The most recent came for lebrikizumab, the company’s investigational treatment for atopic dermatitis. FDA made the decision following an inspection of a third-party contract manufacturing organization. The agency had no complaints concerning the clinical data, safety, or labeling of lebrikizumab,…