Kroger is latest retailer looking to disrupt clinical trials
Caroline Hudson, Modern Healthcare
Its healthcare division, Kroger Health, is recruiting participants for the Persephone Biosciences-sponsored Argonaut clinical study, which identifies biomarkers indicating colorectal cancer and other types of solid tumors to help guide treatment options.
Lilly turns to nonprofit, not the FDA, to resolve dispute with Novartis over a prescription drug ad
Ed Silverman, Stat News
In a rare move, the Better Business Bureau National Programs settled a dispute between two big drug companies over a prescription drug ad, suggesting the nonprofit may take a larger role in resolving complaints that might normally be handled by the U.S. Food and Drug Administration.
Veteran biotech leader George Scangos to step down as Vir CEO
Ben Fidler, BioPharma Dive
George Scangos, leader of infectious disease drugmaker Vir Biotechnology and one of the industry’s more high-profile chief executives, is retiring in April, the company said Wednesday.
Novartis is fined by Belgian regulators for anticompetitive practices over an eye treatment
Ed Silverman, Stat News
Belgian antitrust regulators fined Novartis nearly $2.8 million for making misleading statements about a treatment for a serious eye disease, the latest instance in which the company was cited by a government for anticompetitive practices in connection with the medication.
EMA gives nod to Critical Path Institute’s trial simulation platform for DMD
Joseph Keenan, Fierce Biotech
The European Medicines Agency sent a letter of support for Critical Path Institute’s efforts to establish a model-based clinical trial simulation platform that could help find new treatments for Duchenne muscular dystrophy.
Three VCs launch Dimension, a new firm with plans to fuel biotech’s ‘digitization’
Ben Fidler, BioPharma Dive
Three investors who previously worked at Lux Capital and Obvious Ventures have teamed up to launch a new venture firm that will start and back young biotechnology companies.
Abbott sees ‘signs of stability’ for 2023 as hospital staffing, supply chain improves
Elise Reuter, MedTech Dive
Abbott Laboratories said while it continues to face supply chain challenges, hospital staffing shortages and inflation, the company expects those pressures to ease in 2023.
FDA classifies recall of Getinge’s heart devices as most serious
Reuters
The U.S. Food and Drug Administration on Wednesday classified the recall of Swedish medical equipment maker Getinge’s heart devices as its most serious type since their use could lead to death.
Intuitive Q4 profit slips on costs to boost share of robotic surgery market
Nick Paul Taylor, MedTech Dive
Intuitive Surgical said fourth-quarter earnings were curbed by higher costs and after the company placed fewer of its flagship robotic da Vinci Surgical Systems.
Precision Neuroscience, co-founded by Neuralink alum, is creating a brain implant thinner than a human hair
Ashley Capoot, CNBC
The device is called the Layer 7 Cortical Interface, and it’s a brain implant that aims to help patients with paralysis operate digital devices using only neural signals. This means patients with severe degenerative diseases like ALS will regain their ability to communicate with loved ones by moving cursors, typing and even accessing social media with their minds.