Month: July 2023

Novartis to Invest $500M in Acquisition of Preclinical RNA Startup: Here’s the Reason

Novartis to Invest $500M in Acquisition of Preclinical RNA Startup: Here’s the Reason

Swiss pharmaceutical giant Novartis has acquired DTx Pharma for $500 million upfront, with the potential for an additional $500 million in milestones. DTx Pharma has developed an RNA therapy that targets the liver to treat high cholesterol and has a lead drug candidate ready for Phase 1 testing in Charcot-Marie-Tooth (CMT) disease, a rare neuromuscular […]

Continue Reading

Eli Lilly Reinforces the Advantages of Early Intervention in Alzheimer’s Treatment

Eli Lilly Reinforces the Advantages of Early Intervention in Alzheimer’s Treatment

Pharmaceutical giant Eli Lilly has submitted its Alzheimer’s disease drug candidate, donanemab, for FDA review and has released additional clinical data supporting its application. The drug is an anti-amyloid antibody designed to target and break up plaques of amyloid beta, a protein that accumulates in the brain during the progression of Alzheimer’s. The clinical data […]

Continue Reading

AR Surgical Navigation Platform, MediView XR, Secures 510(k) Clearance

AR Surgical Navigation Platform, MediView XR, Secures 510(k) Clearance

MediView XR, a medical technology (medtech) company, has received clearance from the US Food and Drug Administration (FDA) for its augmented reality (AR) surgical navigation system, XR90. This platform allows healthcare providers to visualize and navigate a patient’s internal soft tissues, vascular, organ, and skeletal structures in 3D using CT images. The system also combines […]

Continue Reading

Medicare Part D Spending in 2021: 22% Devoted to 10 Prescription Drugs, Report Finds

Medicare Part D Spending in 2021: 22% Devoted to 10 Prescription Drugs, Report Finds

A new analysis by the Kaiser Family Foundation (KFF) has revealed that despite comprising only 0.3% of total covered drugs, the top 10 best-selling Medicare Part D drugs accounted for 22% of total gross Medicare drug spending in 2021. The findings offer important context for understanding the potential impact of the Medicare Drug Price Negotiation […]

Continue Reading

FDA Updates: July 14, 2023

FDA Updates: July 14, 2023

The U.S. Food and Drug Administration (FDA) has provided a summary of recent news and updates from the agency. On Thursday, the FDA re-issued two temporary guidances that were originally published during the COVID-19 pandemic for certain regulatory requirements involving onsite visits abroad under the FDA Food Safety Modernization Act (FSMA). These guidances aim to […]

Continue Reading