J&J, Alcon reach $199M settlement

Today's Big News

Feb 14, 2023

Pfizer CEO's texts with European Commission chief trigger new NYT lawsuit


New biotech VC takes off with $520M and a flight deck stacked with big-name investors ready to serve


Alcon reaches $199M settlement with J&J Vision over cataract surgery lasers


Merck, Glenmark headed to trial after judge scraps early dismissal bid in Zetia antitrust case


GSK nixes next-gen COVID-19 antibody collaboration, leaving Vir to fly solo, seek new partners


Vicarious Surgical lays off 14% of workers to get its VR-powered robotics ‘out the door fast’

 

Featured

Pfizer CEO's texts with European Commission chief trigger new NYT lawsuit

Twenty-two months after European Commission President Ursula von der Leyen admitted to The New York Times that she negotiated a COVID-19 vaccine deal with Pfizer CEO Albert Bourla, Ph.D., through text messages, the newspaper is suing the commission over its refusal to make the texts public. While the lawsuit was filed on Jan. 25 and listed on the European Court of Justice’s public website on Monday, none of the documents related to the case are available to the public. Two people familiar with the suit confirmed it to Politico.
 

Top Stories

New biotech VC takes off with $520M and a flight deck stacked with big-name investors ready to serve

Several biotech entrepreneurs have launched a new venture capital vehicle dubbed Curie.bio that will serve not only as a seed investor, but as a drug discovery co-pilot for founders.

Alcon reaches $199M settlement with J&J Vision over cataract surgery lasers

Rather than risk going to a trial that could’ve ended in penalties potentially reaching into the billions of dollars, Alcon has struck a settlement with Johnson & Johnson’s eye care segment over a lawsuit concerning femtosecond laser-assisted cataract surgery devices.

Merck, Glenmark headed to trial after judge scraps early dismissal bid in Zetia antitrust case

A federal judge scrapped Merck and Glenmark’s bid for summary judgment in a five-year-old lawsuit that claims the drugmakers leveraged a 2010 settlement to stifle generics of Merck’s former cholesterol blockbuster Zetia.

GSK nixes next-gen COVID-19 antibody collaboration, leaving Vir to fly solo, seek new partners

GSK is trimming its ties to Vir Biotechnology, walking away from COVID-19 antibody and vaccine research projects while continuing to collaborate on two pandemic assets and programs against other respiratory diseases.

Vicarious Surgical lays off 14% of workers to get its VR-powered robotics ‘out the door fast’

The layoffs will affect 14% of Vicarious’ workforce, CFO William Kelly told investors this week. With 165 employees listed in its most recent annual report, that means around 23 roles could be eliminated.

Struggling Amarin jousts with activist investor Sarissa as board vote nears

An acrimonious battle has heated up in recent days between Amarin and activist investor Sarissa Capital Management. Last week, in a letter to investors, Amarin urged them to reject Sarissa’s “harmful” proposals, citing the activist's “track record of value destruction in the healthcare space.” Sarissa is trying to oust Amarin Chairman Per Wold-Olsen.

Tasso lassos EU approval for at-home high-volume blood collection device

Not long after locking down FDA clearance for a device used to collect high-volume blood samples from the comfort of a user’s own home, Tasso is once again expanding its reach—both geographically and in terms of its product portfolio.

Sun Pharma recalls generic for high blood pressure after failed FDA lab test

In the latest FDA ding on India's Sun Pharma, the agency pulled 34,000 bottles of generic diltiazem hydrochloride after the pills failed impurity specification and dissolution testing at an FDA lab.

UPDATED: Reed relinquishes R&D reins at Sanofi for J&J role

Sanofi's head of global R&D John Reed, M.D., Ph.D., has departed for a spot at Johnson & Johnson, where he'll serve as executive vice president of pharmaceutical R&D.
 
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