Medicine To Market News’ Post

Stories making headlines today in the biopharma industry: Johnson & Johnson has announced that the final pricing set under the Inflation Reduction Act (IRA) will not hinder its long-term sales projections. Jennifer Taubert, Worldwide Chairman of Innovative Medicine, confirmed that the company had already factored these figures into last year's financial guidance. This positions J&J as yet another pharmaceutical leader demonstrating resilience through strategic investment and pipeline management. The FDA has launched a Rare Disease Innovation Hub, intended to unify policies and develop new evaluation methods for rare disease treatments. Led by CBER Director Peter Marks and CDER Director Patrizia Cavazzoni, the hub aims to streamline regulatory pathways and provide consistent guidance to companies working on rare disease therapies. Merck has asked the US District Court for the District of Columbia to expedite its decision regarding its challenge to the Inflation Reduction Act. The company is seeking a swift resolution to allow sufficient time for appeals before the IRA's full enactment in 2026. This follows a series of government victories in similar cases against other major pharmaceutical companies such as Bristol Myers Squibb and AstraZeneca. Executives from Cigna, CVS Health, and UnitedHealth Group are set to testify before Congress on July 23. Organized by the House Committee on Oversight and Accountability, the hearing follows a critical Federal Trade Commission report and will focus on how Pharmacy Benefit Managers (PBMs) interact with drugmakers and pharmacies. These three companies collectively hold 79% of the PBM market. London-based hVIVO is actively seeking acquisitions of small contract research organizations (CROs) to meet its £100 million revenue target by 2028. CEO Yamin Khan indicated that the company is particularly interested in UK-based CROs with Phase 1 trial facilities. hVIVO specializes in human challenge trials to assess vaccine efficacy and safety. Gilead Sciences has announced that Chief Medical Officer Merdad Parsey will depart by the first quarter of 2025. Parsey's departure comes amid challenges in Gilead's pipeline and cancer drug development. The news has prompted a slight rise in Gilead's stock, which has been down 10% since the beginning of the year. Analysts suggest this transition could be an opportunity to rejuvenate Gilead's R&D efforts. #pharma #biotech #topstories #biodatastudio

Pharma Industry Updates: J&J, FDA Innovation, Merck Court Request

Pharma Industry Updates: J&J, FDA Innovation, Merck Court Request

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