To view this email as a web page, click here

Today's Rundown

Featured Story

Despite mixed phase 3 showing, Apellis hopes to push eye disorder drug past FDA's finish line

Apellis Pharmaceuticals’ pegcetacoplan posted mixed results in two late-stage trials studying the C3 inhibitor in patients living with geographic atrophy (GA). Despite the mixed showing, CEO Cedric Francois thinks the med's performance was strong enough to warrant an FDA nod.

read more

Top Stories

Orchard picks an apple from Novartis' field with new chief technical officer

Gene therapy biotech Orchard Therapeutics has picked a shiny apple from Novartis, bringing Nicoletta Loggia, Ph.D. on as chief technical officer after a 17-year career at the Swiss pharma. Loggia previously served as global head of cell and gene therapies for Novartis—a high profile part of the pharma's business that in recent years has launched Zolgensma.

read more

Louisiana revokes licenses from 7 nursing homes after Ida evacuation failures cost lives

All seven nursing homes evacuated hundreds of residents to a single overcrowded facility, where surveyors observed unacceptable care and faced threats from ownership, according to the state health department.

read more

Biogen CEO blames Aduhelm’s rocky launch on 'too much confusion, misinformation and controversy'

Before Biogen scored an FDA approval for Alzheimer's drug aducanumab, the company probably hoped its launch would go much smoother than the last three months have been. It turns out Biogen's CEO Michel Vounatsos is willing to say so publicly.

read more

Cardiff reveals early data on challenger to Amgen's KRAS crown

Amgen has already won the KRAS race by getting Lumakras across the finish line, but Cardiff Oncology has just rolled out some early data for a follow-on candidate showing partial responses and extended survival without disease progression compared to standard of care.

read more

Acorda slashes jobs again as generics hamper sales of MS drug

Acorda Therapeutics is restructuring yet again as sales for its multiple sclerosis and Parkinson's drugs continue to fall below expectations. The pharma is cutting 15% of its workforce after already reducing headcount by 16% in January.

read more

Sanford Health receives $350M for virtual care center to support rural health

The virtual care center will serve patients in Sanford Health’s network, and will also be the home base of several innovation, education and research initiatives aimed at advancing digital healthcare.  

read more

COVID-19 tracker: Moderna's combo shot could hit clinic within a year; AZ criticizes booster rollout

Moderna expects to begin clinical testing of a combination flu/COVID-19 booster shot in 6 to 12 months. AstraZeneca CEO Pascal Soriot said rollouts of COVID-19 boosters are premature. Australia prime minister Scott Morrison is feeling more heat over the country's slow vaccine rollout. Plus more headlines.

read more

Pediatric teletherapy provider DotCom Therapy raises $13M backed by LRVHealth, OSF Ventures

DotCom Therapy secured $13 million in its series A financing to grow and scale its pediatric teletherapy platform.

read more

AstraZeneca's COVID-19 shot joins the list of vaccines flagged for rare Guillain-Barre syndrome

The EMA has warned of a possible link between the AstraZeneca COVID-19 vaccine and the rare nerve disorder Guillain-Barre syndrome. The Johnson & Johnson COVID shot, as well as some non-COVID vaccines, also have been linked to the condition.

read more

Centessa eyes registration in hemophilia as SerpinPC shows reduction of bleeding in phase 2 study

Centessa Pharmaceuticals' hemophilia drug reduced bleeding rates and spontaneous joint bleeds in a midstage study, setting the biotech up to move the candidate closer to regulatory submission. 

read more

HHS aims to use value-based care payment models to lower drug prices

HHS wants value-based care payment models to help lower drug prices and is considering new models that tie reimbursement to patient outcomes and incentivize generic and biosimilar use.

read more