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Pfizer warns of further sales decline for COVID products, plots $500M in additional cost cuts

Fierce Pharma

Using Tuesday to announce good news—that its $43 billion acquisition of Seagen would be | Using Tuesday to announce good news—that its $43 billion acquisition of Seagen would be finalized on Thursday—Pfizer sandwiched its bad news, which came on Wednesday with its 2024 guidance. billion and $61.5

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Acorda filed for bankruptcy, and Merz is eyeing its assets

pharmaphorum

The announcement made last night US time sparked a run on Acorda's shares, down almost 62% at the time of writing. The news emerged shortly after Acorda cancelled its fourth-quarter results conference call, which was scheduled to take place yesterday.

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Otsuka wins FDA breakthrough therapy designation for IgAN drug 

Pharmaceutical Technology

This positive news comes after Otsuka’s Phase III Alzheimer’s agitation trial failed to meet its primary endpoint, announced earlier this week.

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Payer Roundup–Humana confirms layoffs; Medicaid expansion linked to lung cancer survival

Fierce Healthcare

Below is a round-up of payer-centric news for the week of Jan. 2024 | This week, Humana announced workforce reductions, a study associated Medicaid expansion with reduced lung cancer mortality and Bright Health moved its corporate headquarters.

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Payer Roundup–L.A. Care Health Plan addressing PPE shortages; new Cost Plus Drugs partnership

Fierce Healthcare

Below is a round-up of payer-centric news for the week of Jan. 22, 2024 | This week, California health plans formed a coalition to address long-term PPE shortages, Mark Cuban's drug company announced a new partnership with Livinity, popularity rises for Colorado's public option plans and more.

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King Charles III announced as new patron of the RPS

Hospital Pharmacy Europe

His Majesty King Charles III has become the new patron of the Royal Pharmaceutical Society (RPS), it has been announced. The news marks the first anniversary of the Coronation of His Majesty The King and has been welcomed by the RPS which said it was ‘grateful to the Royal family for their ongoing support’.

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STAT+: UnitedHealth gives timeline for Change restoration: payments up by late next week

STAT

Since the company announced the attack on Feb. UnitedHealth, which bought Change in 2022, said in a news release it has been working “aggressively” to restore services since it announced the attack. Its claims network and software will take longer. Continue to STAT+ to read the full story…

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