CVS prepares to administer Lilly antibody drug, as feds buy 650,000 more doses for $812.5M
CVS has developed a program to provide the treatments in their homes, but it won’t be available—at least initially—in Indianapolis.
Pharmaceutical
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Pharmaceutical manufacturer seeks $6.5M tax abatement for Indianapolis plant
A City-County Council committee on Monday advanced a proposed tax abatement for a pharmaceutical company that plans to spend $72 million to build a new facility near the Indianapolis International Airport.
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Eli Lilly, hospitals go to war over drug prices
A long-simmering dispute between Eli Lilly and Co. and safety-net hospitals across the nation over the price of prescription drugs has reached the boiling point.
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Elanco’s big job: Making the Bayer deal work
Now that the company has closed its $6.9 billion acquisition of the German conglomerate’s animal-health division, it must now swiftly and carefully integrate the two sprawling companies in the midst of a pandemic.
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Lilly seeking $23.8M tax break to expand diabetes research, production
In the past seven years, the drugmaker has received tax breaks worth nearly $40 million in exchange for investing more than $500 million at its Indianapolis properties.
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Articles
European regulator could approve COVID-19 vaccine on Dec. 29
European regulators could approve a coronavirus vaccine developed by drugmakers Pfizer and BioNTech within four weeks, the EU’s drug agency said Tuesday, a time frame that might mean the shot is rolled out first in the United States and Britain.
U.S. COVID-19 task force promises rapid December vaccine rollout
Top U.S. infectious-diseases specialist Anthony Fauci said the government “almost certainly” will be vaccinating portions of the U.S. population by the end of December, but the country will likely see a surge in COVID-19 cases before that happens.
Third major COVID-19 vaccine shown to be effective, cheaper
AstraZeneca is the third major drug company to report late-stage results for a potential COVID-19 vaccine as the world anxiously waits for scientific breakthroughs that will bring an end to a pandemic.
Trump makes late-term bid to lower prescription drug costs
In a time of political uncertainty, it’s hard to say whether the rules will withstand expected legal challenges from the pharmaceutical industry or whether the incoming Biden administration will accept, amend or try to roll them back entirely.
Health experts clash over use of certain drugs for COVID-19
In a separate development, the FDA on Thursday gave emergency authorization to use of another anti-inflammatory drug sold by Eli Lilly, baricitinib, to be used with remdesivir.
Pfizer seeking emergency use of its COVID-19 vaccine in United States
The action comes days after Pfizer Inc. and its German partner BioNTech announced that its vaccine appears 95% effective at preventing mild to severe COVID-19 disease in a large, ongoing study.
Oxford scientists expect COVID-19 vaccine data by Christmas
Phase III trials are now accumulating the data needed to report results as a renewed surge of the pandemic hits countries around the world.
Pfizer: COVID-19 vaccine 95% effective, seeking clearance soon
The announcement from Pfizer and its German partner BioNTech comes as the team is preparing within days to formally ask U.S. regulators to allow emergency use of the vaccine.
UPDATE: Second coronavirus vaccine shows early success in U.S. tests
Moderna said its vaccine appears to be 94.5% effective, according to preliminary data from the company’s still-ongoing study.
Stocks skyrocket to record levels on Pfizer’s optimistic vaccine news
Markets were already sharply higher on the U.S. election result when Pfizer said that research shows vaccine shots may be 90% effective at preventing COVID-19, indicating the company is on track this month to file an emergency-use application with U.S. regulators.
Pfizer says COVID-19 vaccine is looking 90% effective
The coronavirus shots, made by Pfizer and its German partner BioNTech, are among 10 possible vaccine candidates in late-stage testing around the world—four of them so far in huge studies in the U.S.
FDA panel urges rejection of experimental Alzheimer’s drug
The Biogen drug, known as aducanumab, does not cure or reverse Alzheimer’s, but it might modestly slow the rate of decline.
Fishers firm to help push injectables to market faster
A startup that’s planning to launch a $60 million drug-manufacturing plant sees big growth in contract manufacturing.
FDA approves first COVID-19 drug: antiviral remdesivir
The drug, which California-based Gilead Sciences Inc. is calling Veklury, cut the time to recovery by five days—from 15 days to 10 on average—in a large study led by the U.S. National Institutes of Health.
Regulators, experts take up thorny COVID-19 vaccine study issues
On Thursday, a federal advisory committee will debate whether the guidelines the FDA has set for vaccine developers are rigorous enough. Interest is so high, the FDA is airing the meeting on YouTube.
OxyContin maker to plead to 3 criminal charges, make $8B settlement
Purdue Pharma, the company that makes OxyContin, the powerful painkiller that experts say helped touch off an opioid epidemic, will plead guilty to counts including conspiracy to defraud the United States and violating federal anti-kickback laws, the officials said.
Ex-Cook Group execs to launch life sciences startup in Fishers
The new company, contract drug developer INCog Biopharma, plans to build a $60 million facility and hire up to 150 workers by the end of 2024.
J&J’s COVID-19 vaccine trial paused over unexplained illness
The pause is at least the second such hold to occur among several vaccines that have reached large-scale final tests in the United States.
Sanofi, Glaxo start human trials for COVID-19 vaccine
Two of the world’s biggest vaccine makers, began testing their experimental COVID-19 shot in the first patients on Thursday and aim to start late-stage trials before year-end.