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Healthcare Industry News Weekly Wrap-Up: October 20, 2023

Healthcare Industry News Weekly Wrap-Up: October 20, 2023

Samantha Armstrong
Weekly Wrap-Up
October 20, 2023

// Biotech and Pharma Therapeutics

UKRI awards three projects £25m for vaccine development

October 13, 2023 / UKRI / Vaccine Development 

The projects aim to build understanding of viruses and how the immune system reacts to different challenges, as well as inform the development of new, broader and longer-lasting vaccines. The funding for the projects is part of one of five of the UKRI’s strategic themes, as part of its £185m-funded five-year strategy, ‘Transforming tomorrow together 2022 to 2027’.

Read on PharmaTimes
The Ozempic Effect Is Coming for Everything From Kidney to Heart Disease Treatments

October 18, 2023 / Ozempic / GLP-1 Receptors

Recent studies have started to illuminate the far-reaching benefits of Ozempic and other medicines in the same class, known as GLP-1 receptor agonists. The drugs appear to have a protective effect on the heart, liver and kidneys in addition to helping people lose weight, which in itself reduces the risk of many ailments. There’s also reason to believe GLP-1s could help combat substance abuse or even Alzheimer’s disease.

Read on Bloomberg
GE HealthCare gets $44M to create AI for mass casualty event preparedness

October 16, 2023 / GE HealthCare / AI / MedTech

GE HealthCare announced it signed a $44 million contract with the Biomedical Advanced Research and Development Authority (BARDA) to develop AI-enabled point-of-care ultrasound technology to help clinicians diagnose and treat lung pathologies and traumatic injuries to the head, chest and abdomen.

Read on Mobi Health News
Can Psychedelic-Assisted Therapy Be Used for Prevention?

October 17, 2023 / Mental Health / Psychedelic-assisted therapy

Psychedelic-assisted therapy has been cited as a breakthrough in the mental health space, mainly for severe conditions when all other options haven’t been successful. But can it be used to prevent these severe conditions from happening? There’s potential, but more research needs to be done, one expert said.

Read on Business Facilities
Lilly links up European ADC network, snagging Elahere rival in latest biotech buy

October 19, 2023 / Elli Lilly / Antibody-drug Conjugates / Mergers and Acquisitions / Solid Tumor

Eli Lilly is hoovering up European antibody-drug conjugate (ADC) startups. Months after making a move for Emergence Therapeutics, Lilly has struck a deal to buy one of its partners, Mablink Bioscience, to add more ADC technology and drug candidates to its portfolio.

Read on Fierce Biotech

// 4th Industrial Revolution

Microsoft’s Healthcare AI Efforts Holds Huge Promise for Patients

October 16, 2023 / Microsoft / Healthcare / AI / Patients

Microsoft rolled out several AI tools at the HLTH conference last week to enable providers to harness the power of data to be more efficient in their care delivery efforts. The overarching goal is to reduce costs, burnout and improve outcomes. Called Microsoft Fabric, which was rolled out broadly in May, the announcement on October 10 marks the availability of Fabric’s capabilities specifically for the healthcare vertical – to clinicians, administrators but perhaps, most importantly, to patients.

Read on Med City News
Microsoft adds Cloud for Healthcare data and AI enhancements

October 13, 2023 / Microsoft / Healthcare / Azure / AI

New tools announced this week enable Microsoft Cloud for Healthcare users to access, analyze and visualize data-driven insights across their organization through Fabric architecture, find multilingual support for text analytics, and leverage three new artificial intelligence models in Azure.

Read on Healthcare IT News
4 ways to usher in ‘smooth scaling’ of generative AI

October 19, 2023 / AI / Healthcare / MIT

When it comes to embracing generative AI, healthcare is something of a straggler. Some 89% of organizations in pharma/healthcare have neither deployed nor experimented with the technology.

Read on AI in Healthcare
AI Pain Recognition Tool Detects Pain Before, During and After Surgery

October 18, 2023 / AI / Pain Recognition / Healthcare / Automation

Researchers presenting at the ANESTHESIOLOGY 2023 annual meeting demonstrated that an automated pain recognition system leveraging artificial intelligence (AI) may be capable of detecting pain in patients before, during, and after surgery.

Read on Health IT Analytics
Brainomix, Nanoflex Robotics partner to create AI robotics platform for stroke

October 13, 2023 / Brainomix / Nanoflex / AI / Stroke / Patient Care / MedTech

British medtech company Brainomix and Switzerland-based remote robotic surgical company Nanoflex Robotics announced the receipt of £400,000 ($420,418) and CHF 400,000 ($443,700), respectively, to codevelop an AI-assisted magnetic navigation system for stroke-related robotic surgical tools.

Read on Mobi Health News

// Business & Markets

Pfizer to cut costs, lay off staff on waning demand for COVID products

October 13, 2023 / Pfizer / Covid / Lay-offs / Paxlovid 

The bulk of that adjustment is due to the return by the U.S. government of nearly 8 million treatment courses of Paxlovid labeled under the drug’s emergency clearance. Distribution of that product will be stopped in November as Pfizer shifts to selling Paxlovid commercially, which it now expects to begin on a wide scale in January. The antiviral treatment won full U.S. approval in May.

Read on Biopharma Dive
Midi Health partners with health system for women’s midlife care

October 18, 2023 / Midi Health / Health Systems / Women’s Health

California-based Midi Health, a virtual care clinic for women 40 years and above, has partnered with Houston-based Memorial Hermann Health System to expand access to care for perimenopausal and menopausal women. 

Read on Mobi Health News
How to Pay for Million-Dollar Cures

October 15, 2023 / Gene Therapies / Sickle Cell / Healthcare / Genetic Disorders

LaShaundra Carter spent the first three decades of her life defying the odds. When she was 5, a doctor delivered the news that she might not make it to 12. When she turned 12, her family was told that 16 might be out of reach. Then it was 21. Then it was that she shouldn’t have children.

Read on Bloomberg
Nkarta stock soars 112% after FDA clears cell therapy to go beyond cancer into lupus

October 18, 2023 / Nkarta / Cell & Gene Therapy / Lupus / Autoimmune Disease

Nkarta wants cell therapy to go beyond cancer and has been given the FDA green light to move forward with a CAR NK candidate in human trials for lupus—news that sent the company’s stock soaring 112%.

 
Read on Fierce Biotech
Abbott says market overestimating sales hit from new diabetes drugs

October 18, 2023 / Abbott / Diabetes / New Drug

Abbott Laboratories (ABT.N) said the market was overestimating the hit to sales of its glucose monitoring products from growing popularity of new diabetes drugs, adding the treatments could end up boosting sales of the medical device maker.

Read on Reuters

// Legal & Regulatory

Intellia gets FDA OK to begin first phase 3 trial of an in vivo CRISPR-based therapy in the US

October 18, 2023 / Intellia Therapeutics / Regeneron Pharmaceuticals / CRISPR / CRISPR-Cas9

Intellia Therapeutics has received the green light to study its in vivo CRISPR-based gene editing therapy in the U.S., positioning it to start a phase 3 trial of the Regeneron-partnered candidate by the end of the year.

Read on Fierce Biotech
FDA Approves UCB’s Complement Inhibitor for Generalized Myasthenia Gravis

October 18, 2023 / FDA / Zilbrysq / Healthcare 

The FDA on Tuesday approved UCB’s zilucoplan, now to be marketed under the brand name Zilbrysq, for the treatment of generalized myasthenia gravis in patients who are positive for antibodies against the acetylcholine receptor.

Read on BioSpace
BrainStorm eyes FDA meeting to find path for rejected ALS drug after withdrawing application

October 18, 2023 / BrainStorm Cell Therapeutics / Amyotrophic Lateral Sclerosis / FDA / Fierce Biotech

Almost a month after FDA advisers delivered a near-unanimous rejection of BrainStorm Cell Therapeutics’ amyotrophic lateral sclerosis (ALS) drug, the biotech is looking to sit down with the regulator to map out next steps.

Read on Fierce Biotech
After long journey, Ardelyx gets FDA OK for kidney disease drug

October 18, 2023 / FDA / Kidney Disease Drug / Xphozah 

Typically, an FDA rejection is the end of the regulatory road for an experimental drug. With Tuesday’s approval of Xphozah, Ardelyx is the rare company to overcome such a hurdle, some two years after it received a complete response letter from the agency in July 2021.

Read on Fierce Pharma
WHO releases key regulatory considerations on AI for health

October 19, 2023 / WHO / AI / Regulations

The World Health Organization (WHO) has published new key regulatory considerations on artificial intelligence (AI) for health to emphasise the importance of establishing the safety and effectiveness of AI systems.

Read on Pharma Times

// Research & Development

UCL study suggests changes to improve MRI scans for prostate cancer

October 16, 2023 / UCL / Prostate Cancer / MRI Scans 

Researchers from University College London (UCL) and UCL Hospitals NHS Foundation Trust (UCLH) have identified simple ways to improve the quality of magnetic resonance imaging (MRI) scans for prostate cancer screening.

Read on Pharma Times
Ultimovacs Rebounds on New Universal Cancer Vaccine Data for Mesothelioma

October 18, 2023 / Ultimovacs / Cancer Vaccine 

Median overall survival for patients receiving the vaccine combined with the checkpoint inhibitors was 15.4 months, compared to 11.1 months on the immunotherapy treatments alone. The addition of the vaccine added no toxicities to patients. The trial included 118 patients randomized 1:1 into the two treatment arms. 

Read on BioSpace
Thousands of programmable DNA-cutters found in algae, snails, and other organisms

October 13, 2023 / RNA / Enzymes / Fanzors / Eukaryotic Organisms

A diverse set of species, from snails to algae to amoebas, make programmable DNA-cutting enzymes called Fanzors — and a new study from scientists at MIT’s McGovern Institute for Brain Research has identified thousands of them. Fanzors are RNA-guided enzymes that can be programmed to cut DNA at specific sites, much like the bacterial enzymes that power the widely used gene-editing system known as CRISPR. 

Read on MIT News
Roche Claims ‘Unprecedented’ Phase III NSCLC Victory for Oral TKI Alecensa

October 19, 2023 / Roche / TKI Inhibitory / Cancer 

Roche‘s Genentech on Wednesday revealed results from the Phase III ALINA study, showing that its oral TKI inhibitor Alecensa (alectinib) met the study’s primary endpoint of disease-free survival in patients with a specific type of non-small cell lung cancer.

Read on BioSpace
Roche drops oral eye disease drug after completing phase 2, pulls back from solid tumor bispecific

October 19, 2023 / Roche / Eye Disease / Diabetic Retinopathy / Bispecific Antibodies

Roche’s vision of developing an oral diabetic retinopathy treatment has taken a hit, with the drugmaker stopping development of vicasinabin after completing phase 2. The CB2 agonist was discarded (PDF) as part of a cull that also saw Roche pull back from its CEAxCD3 bispecific candidate cibisatamab.

Read on Fierce Biotech

// Politics

Insurers bash Biden’s mental health parity proposal

October 18, 2023 / Insurers / Biden / Mental Health

Insurers and some employers contend the Biden administration’s recent proposal to bolster coverage of mental and behavioral care could actually backfire and make it more difficult for patients to access quality care.

Read on AXIOS
As Adderall shortage enters 2nd year, lawmakers press FDA and DEA for update

October 13, 2023 / Adderall / Congress / Drug Shortage / FDA

As the nationwide shortage of Adderall and other meds for attention-deficit/hyperactivity disorder (ADHD) drags on, several members of Congress are pushing for more transparency and urgency from regulators on their mitigation efforts.

Read on Fierce Pharma
CMS wants Part D plans to be on their best behavior

October 13, 2023 / CMS / Medicare

CMS will keep a close eye on Medicare Part D plans to ensure they don’t raise out-of-pocket costs for older adults on any of the 10 drugs chosen for price negotiations when negotiated rates come online in 2026.
Read on Politico
How to rebuild trust in science: NIH director nominee fields questions

October 19, 2023 / NIH / US Senators / Biden

Monica Bertagnolli, US President Joe Biden’s pick to lead the National Institutes of Health (NIH), hinted today during a long-awaited Senate committee hearing at what her priorities will be for the biomedical agency if she is confirmed. At the top of the list is improving the diversity of clinical-trial participants, enhancing collaboration among the NIH’s 27 institutes and centres and restoring public trust in scientists and the agency.

Read on Nature
This Healthcare Reform Could Finally Bring Democrats And Republicans Together

October 16, 2023 / Healthcare / Bipartisan 

So what about a healthcare policy that would encourage individuals to shop around for coverage that meets their needs but would also enroll more people in Obamacare’s exchanges? Perhaps that would attract support from Republicans and Democrats alike?

Read on Forbes
Abbott Acquisitions Artificial Intelligence (AI) Autoimmune Automation Biden Chronic Kidney Disease COVID-19 Diabetes Drug Shortage Eli Lilly FDA Fierce Biotech Gene Therapy Industry News Insurers Medicare Medtech Mental Health Mergers Microsoft MIT mRNA New Drug Ozempic (semaglutide) Patient Patient Care Pfizer Psychedelic Medicine Roche UKRI US Congress Vaccines WHO Women’s Health
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