Lilly at bat for Q2 Alzheimer’s update
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Today's Rundown

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After failed Alzheimer's launch, Biogen writes off the remaining value of its Aduhelm inventory

Biogen is trying to escape the dark cloud that controversial drug Aduhelm brought in. In a recent SEC filing, the company wrote off $233 million of the drug's inventory.

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Top Stories

After decades on the NYSE, prosthetics maker Hanger to go private in $1.2B buyout

Hanger agreed to be acquired by Patient Square Capital, a Silicon Valley healthcare investment firm that just last month joined in on the $890 million acquisition of biopharmaceutical developer Radius Health and, a month earlier, launched its own $300 million therapeutics-focused startup incubator.

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Roche, Biogen temper Alzheimer’s expectations in Q2 calls. Will Lilly follow suit in August?

Will any of the three leading Alzheimer's disease therapies make it through their upcoming readouts? Executives from Biogen and Roche seem to be tempering expectations in second-quarter earnings updates. Lilly is the next to report.

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Tenet posts $38M profit for Q2 as contract labor costs start to moderate

Tenet Healthcare posted a $38 million profit for the second quarter of the year due in part to a debilitating cyberattack but contract labor costs started to moderate.

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Roche hails ‘excellent uptake’ of Eylea rival Vabysmo as it lauds consumers switching from its competitor

Roche is hyping up the early financials coming in for its eye disease therapy Vabysmo as the Swiss major looks to take on the might of Regeneron and Bayer’s major blockbuster, Eylea. Despite only being approved at the start of the year and the launch coming several months later, Roche saw Q2 sales hit a healthy CHF 109 million ($112 million).

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That’s a wrap: BioCircuit seals up FDA clearance for surgical nerve-repairing tape

The nerve repair process just got a lot simpler, thanks to a new FDA 510(k) clearance for a device that essentially amounts to a piece of Scotch tape that can quickly and effectively rejoin nerve ends.

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Want to improve member retention? Greet them through the 'digital front door,' Optum survey says

The survey highlights the need for both payers and providers to find ways to address the friction in the care experience for patients, and make it easier for them to access care in a convenient way. These digital options for care navigation are likely to be a critical tool in the arsenal for both payers and providers in thinking about ways to improve member retention.

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No pain, only gain for Vertex: FDA greenlights late-stage trial for nonopioid pain drug

After talks with the FDA, Vertex Pharmaceuticals has been given the go ahead to advance its non-opioid pain killer into phase 3 trials, which are set to begin in the last quarter of this year.

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ForSight's cataract eye surgery robot claims $55M VC round

ForSight Robotics aims to bring the benefits of a steady, remote-controlled hand to cataract eye surgery, and now the Israeli startup is $55 million closer to its goal. The company previously raised $10 million in a seed funding round last year to advance its Oryom microsurgery system.

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Pfizer's Paxlovid sales will top at $30B this year then fall over time: analysts

After a sales peak in 2022, Paxlovid revenues are due to decrease from 2023 onward, thanks to a second round of booster vaccines and predications of fewer cases that require hospitalization, data and analytics outfit GlobalData predicts.

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Digital pharmacy startup Capsule lays off 13% of workforce: media report

Capsule joins the growing list of digital health and health tech companies slashing head counts in the face of a market downturn.

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VistaGen can’t puff out phase 3 success for social anxiety nasal spray

The second half of 2022 was always going to be a high-stakes moment for VistaGen Therapeutics as it awaited data from two phase 3 trials for a social anxiety disorder nasal spray. And the stakes just got even higher, after the results of the first of the two found that the company swung and missed. 

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Video killed the in-person meeting star? Study finds video calls more effective in driving Rx

Should pharma reps keep wheeling their cases into doctors' offices? Maybe not. Video meetings are three times more effective than in-person interactions when it comes to driving new prescriptions, a new study found.

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Kardashian's back in Biohaven's new DTC campaign for 'all-in-one' migraine pill Nurtec

Biohaven is hammering home the “all in one” simplicity of  Nurtec ODT to treat and prevent migraine in a new campaign that brings back reality star, influencer and entrepreneur Khloe Kardashian as celebrity spokeswoman.

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Resources

Infographic: Keep your EHR systems in good health

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Case Study: Roche cuts feasibility process by 36%

Explore how Cognizant SIP helped Roche streamline its global feasibility process.

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Article: Formulation Strategies When Transitioning From Vial to PFS

Learn how formulation development for a PFS affects manufacturing to drive the industry toward optimizing delivery of injectable products and, ultimately, improving patient care.

Whitepaper: Intranasal Drug Product Development: Formulation to Manufacturing

What are key considerations for intranasal delivery in the treatment of acute and chronic conditions?

Case Study: Versatility of Softgel Technology - Encapsulation of a Volatile Compound

Learn more about how the versatility of Softgel Technology helped a customer with a volatile compound.

Article: Lipid-Based Drug Delivery System to Bring Poorly Soluble Drugs to Market

How can Lipid-Based Drug Delivery System help bring poorly soluble drugs to market?

eBook: Orally Inhaled & Nasal Drug Delivery: A Pipeline of Opportunities

Carla Vozone discusses the significant trends in the OINDP segment including large molecules and novel indications, changes within CDMOs and various challenges facing the industry.

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Did you know Catalent has newly expanded in-house capabilities spanning clinical and commercial scale manufacturing for DPIs, unit-dose, bi-dose and preserved multi-dose nasal sprays?

On-Demand Webinar: The Faster Path From Pre-Filled Syringe to Auto-Injector

Ypsomed and Catalent Biologics experts discuss strategies for integrated PFS manufacturing and auto-injector assembly to accelerate timelines and more in this webinar.