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17 January, 2025 |
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Monday is Martin Luther King Jr. Day, so we will not be publishing our newsletter again until Tuesday. Have a wonderful, long weekend. |
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Zachary Brennan |
Senior Editor, Endpoints News
@ZacharyBrennan
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by Max Bayer
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Sage Therapeutics has sued Biogen in Delaware court, one week after receiving a $469 million buyout offer from the larger neuroscience pharma company. The full lawsuit was sealed, and the court said the case was confidential after being contacted by Endpoints News. But a separate court filing from Sage states that it is “seeking preliminary injunctive relief to enforce a standstill agreement and a trial on a paper record on an expedited basis.” Biogen declined to comment on ongoing litigation. A spokesperson for Sage said that “any discussions between Biogen and Sage regarding an acquisition of Sage should be conducted in private.” The spokesperson added that the company is seeking a temporary restraining
order “to preserve our rights and enforce the standstill provision previously agreed to with Biogen.” |
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by Zachary Brennan
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CMS didn't wait for President-elect Donald Trump to take office before issuing its second list of drugs to be negotiated under the Inflation Reduction Act, even though the agency had until Feb. 1 to release it. CMS officials on Friday explained the decision on a media call, saying the early release ahead of the statutory deadline will
provide manufacturers with more time to prepare their data for the negotiations. But once the Trump administration takes over next week, it could move in several different directions to either support or quash drug price negotiations in the future. If the Trump administration were to make changes to the negotiations, a CMS official said Friday that "it would require additional guidance and potential rulemaking and potentially new information." The incoming
administration hasn't said anything public yet on its direction. |
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by Nicole DeFeudis
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Novo Nordisk’s blockbuster GLP-1 products Ozempic and Wegovy are among the next 15 drugs subject to the government’s Medicare negotiation program under the Inflation Reduction Act, following repeated calls from lawmakers to make the treatments more affordable. The list came weeks before the
government's deadline, kicking off a new cycle that’s slated to take place under the incoming Trump administration. Together, the 15 drugs cost Medicare Part D about $41 billion from November 2023 through October 2024. Combined with the first 10 drugs subject to Medicare negotiations, the 25 drugs accounted for 36% of Medicare Part D spending during the same period. |
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by Lei Lei Wu
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The FDA on Friday approved datopotamab deruxtecan, an antibody-drug conjugate developed by AstraZeneca and Daiichi Sankyo, for a subset of patients with the most common form of breast cancer, despite mixed clinical trial outcomes. Branded as Datroway, the TROP2-directed antibody-drug conjugate was approved for adults with unresectable or metastatic HR-positive/HER2-negative breast cancer after chemotherapy and hormone therapy. The newly approved treatment will compete with Gilead’s Trodelvy, a TROP2-directed ADC that was approved in a similar setting in 2023. Daiichi Sankyo told Endpoints News via email the list price for Datroway in the US is $4,891.07 per 100 mg vial, which comes out to a monthly list price of around $28,259.52 at the recommended
dose of 6 mg/kg once every three weeks. |
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by Elizabeth Cairns
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Following the poorer-than-hoped performance of CagriSema last month, Novo Nordisk needed an emphatic clinical success with its high-dose version of Wegovy. The obesity drug did not quite manage one. A trial assessing the high-dose form of the injected GLP-1 met its primary endpoint, the company said Friday — but the weight loss fell short of that seen in a trial of Eli Lilly’s rival product Zepbound. Novo’s shares NVO dipped 4% in early trade as investors considered the data, as well as questions around manufacturing and pricing. Novo said that patients given high-dose
Wegovy for 72 weeks lost 20.7% of their body weight. Trial subjects given the approved Wegovy dose lost 17.5%, and placebo patients saw a weight reduction of 2.4%. These figures were based on a per-protocol analysis, which eliminates patients who did not adhere to treatment. |
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by Alex Hoffman, Kathy Wong
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→ Spark co-founder Kathy High made a quiet return to eye disease drug development, becoming CEO of US-Swiss biotech RhyGaze “late last year,” the Philadelphia Business Journal reported this week.
RhyGaze said in a Jan. 10 release that GV led an $86 million Series A raise, with ARCH Venture Partners, F-Prime Capital, BioGeneration Ventures and Novartis Venture Fund all chipping in. The company also put together an $11 million seed round last summer. The CEO will try to replicate the same success she had at Spark with Luxturna, the first-ever gene therapy to be approved by the FDA. RhyGaze is developing its own gene therapy for retinal
diseases that cause blindness. High left Spark in early 2020 after it was acquired by Roche, and she then spent two years with AskBio as president of therapeutics. |
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