Canada Agrees to Pay for Unused Covid Shots, Prompting Jump in Novavax Stock

Nikos Pekiaridis | Nurphoto | Getty Images Stock Chart Icon Stock chart icon Novavax shares jump on news of a settlement payment from the Canadian government. Uncertainty surrounds the number of doses of Novavax’s vaccine, its only commercially available product after 35 years, that were left unused. The amended agreement stipulates that Novavax will provide …

Read more

Important Information for Patients and Doctors

The Alzheimer’s drug Leqembi is seen in this undated handout image obtained by Reuters on January 20, 2023. Eisai | via Reuters Medicare has reached an agreement to cover the costs of the Alzheimer’s treatment Leqembi, marking a significant milestone for patients in the early stages of the disease. Leqembi is currently the only drug …

Read more

Analysts predict slower initial sales for the Alzheimer’s medication Leqembi

Jay Reinstein, an individual suffering from Alzheimer’s, recently underwent a PET scan at MedStar Georgetown University Hospital in Washington, DC on June 20, 2023, after receiving an injection. Image Credit: Michael Robinson Chávez | The Washington Post | Getty Images Analysts predict that sales of the Alzheimer’s drug Leqembi may start off slow due to …

Read more

Leqembi, an Alzheimer’s drug from Eisai and Biogen, receives FDA approval

The Food and Drug Administration (FDA) granted full approval to Leqembi, an Alzheimer’s treatment, on Thursday. This milestone decision will increase accessibility to the costly drug for older Americans. Shortly after the FDA’s approval, Medicare announced that it will now provide coverage for the antibody treatment to patients enrolled in the senior insurance program, with …

Read more

Bill Ackman Adds his Support to RFK Jr’s Stance on Covid Vaccines

Bill Ackman, the CEO of Pershing Square Capital and a prominent hedge fund chief, made headlines in 2021 when he criticized the delay in Covid vaccinations for older Americans, calling it “genocide.” However, his recent Twitter activity has raised concerns among his colleagues on Wall Street. Ackman has been sharing and endorsing the anti-vaccine views …

Read more

Moderna Enters Partnership to Advance mRNA Drug Development in China

Nikos Pekiaridis | Nurphoto | Getty Images Moderna announced a groundbreaking collaboration with Chinese officials to conduct research, development, and manufacturing of messenger RNA medicines within China. This deal comes at a time of escalating tensions between the United States and China, demonstrating Moderna’s commitment to global partnerships and innovation in the field of biotech. …

Read more

Pharma Firms Permitted to Engage in Drug Price Negotiations under Medicare

Hundreds of 1199SEIU health care workers staged a rally and sit-in on 3rd Avenue, resulting in some arrests. Their protest was against the health care cuts proposed in Governor Kathy Hochul’s budget for Medicare. Lev Radin | Lightrocket | Getty Images Medicare announced on Friday that it will no longer enforce a confidentiality requirement, allowing …

Read more

Doctors advise against taking Ozempic and Wegovy before surgery

A group of doctors has advised that individuals using diabetes and weight loss drugs like Novo Nordisk’s Ozempic and Wegovy should discontinue their use prior to elective surgery in order to reduce the potential for serious health complications. The American Society of Anesthesiologists (ASA), an organization comprised of over 53,000 anesthesiology physicians, released interim guidance …

Read more