Pfizer is taking a novel tactic in its approach to the Russian war against Ukraine as CEO Albert Bourla told staffers on Wednesday that the company is putting its first $5 million in Russian profits toward eight global and local NGOs to support humanitarian relief and response efforts in Ukraine.
“We will continue to divert these profits to the Ukrainian people until peace is achieved. Until that time, we also stand firm in our decision to cease all our clinical trials in Russia and to halt all investments in local manufacturing,” Bourla wrote to colleagues.
Pfizer joins with at least a half dozen other Big Pharma companies like AbbVie, Novartis and Eli Lilly in halting trials or suspending certain business activities in Russia due to the war.
For Lilly, efforts included stopping the export of non-essential medicines into Russia. Those non-essential medicines would include medicines such as Cialis, a Lilly spokesperson told Endpoints previously.
Novartis, meanwhile, told Endpoints that it’s taking a two-fold response: an initial $3 million donation to multiple NGOs, and they “have decided to suspend any investments in Russia and stop all commercial marketing activities, as well as all scientific events, organized by us or by external parties.”
The companies are all helping out on the humanitarian side of the conflict too, as many must continue to supply life-saving drugs to Russia.
“I am proud that Pfizer chose to lead with a novel approach in responding to this crisis,” Bourla wrote, adding:
While many multinationals have exited Russia completely, we in the biopharmaceutical sector have had a historical exemption from economic sanctions on a so-called “humanitarian” basis, as we have an obligation to deliver our lifesaving medicines and vaccines to patients regardless of the circumstances. But rather than use this exception as an excuse to do nothing more than business as usual, we found a way to continue to serve patients while also helping those whose lives have been torn apart by the war.
AstraZeneca’s first consumer ad for Evusheld is also a first for drugs that have been granted emergency use authorizations during the pandemic.
The first DTC ad for a medicine under emergency approval, the Evusheld campaign launching this week aims to raise awareness among immunocompromised patients — and spur more use.
Evusheld nabbed emergency authorization in December, however, despite millions of immunocompromised people looking for a solution and now more widespread availability of the drug.
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2021 saw a record $600B in healthcare M&A activity. In 2022, there is an anticipated slowdown in activity, however, M&A prospects remain strong in the medium to long-term. What are future growth drivers for the healthcare sector? Where might we see innovations that drive M&A? RBC’s Andrew Callaway, Global Head, Healthcare Investment Banking discusses with Vito Sperduto, Global Co-Head, M&A.
While European companies, including BioNTech, are focused on increasing vaccine access to African countries by setting up vaccine manufacturing facilities, the European Union is looking westward to Latin America and the Caribbean.
Speaking at a press conference with Spanish Prime Minister Pédro Sanchez, president of the EU Commission Ursula von der Leyen said that the EU is launching a new initiative for vaccines and medicines manufacturing in Latin America, to get to drugs to Latin America and the Caribbean faster.
GSK is continuing to build out its Barnard Castle site in the UK.
According to the company, it has opened a new aseptic smart manufacturing facility at the site, which is located in County Durham in the northeast of England.
The new facility, known as Q Block, is a fully automated and digital facility that leverages digital technology to make manufacturing operations as efficient as possible.
The 11,500-square-meter facility started construction in 2018 and according to the UK news site Business Live, the costs for the new building were £90 million, or around $110 million.
A drug manufacturing facility in Mexico is drawing the ire of the FDA after it ignored the US regulator’s inspection requests and phone calls.
According to the warning letter issued on June 13, Glicerinas Industriales refused a pre-announced inspection during a phone call with FDA prior to the inspection at the company’s facility in Zapopan, Mexico, a city next to Guadalajara, which was planned for May 16 to May 20.
As the US House Appropriations committee marks up a bill today to provide the FDA with a 10% budget boost in FY 2023, the committee also offered up a long wish list of topics that it wants the FDA to address.
The list ranges from urging CDER to better use artificial intelligence and machine learning to enhance its review process for supplements or repurposed drug candidates “by leveraging automated data collection, integration, and advanced statistical methods,” to encourage the FDA to publish guidance for cell therapy developers, to increasing staff in key areas.
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CANNES – When Olympic gold medalist Tianna Bartoletta went to the hospital to deliver her son last year, she packed signed advanced directives and her will in her bag. Why? Her past experience with the healthcare system while training for the 2020 Toyko Olympics.
She was training in sprint and long jump — after winning two golds in 2016 and one in 2012 — when she began to notice changes in her period. While Bartoletta initially rationalized it as stress or training too hard, it kept getting worse — to the point where she had dizzy spells and episodes of passing out. So she went to the doctor.
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CANNES — As a young scientist, Sommer Bazuro was looking at oncology data when she realized that the patient population was not at all representative of the demographics most likely to suffer and die from cancer.
Thinking it must be an isolated incident, she turned to peer-reviewed publications and began talking to oncologists, only to discover that a lack of diversity in clinical trials was par for the course. Black and Hispanic patients typically don’t even reach levels of representation consistent with the general population.
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In randomized clinical trial data from a small number of patients, Dutch biotech uniQure shared that its gene therapy for Huntington’s disease seems to reduce the amount of the mutant protein responsible for the disease over the course of a year.
In seven patients with early-stage Huntington’s — four who got the treatment and three who got a placebo — mutant huntingtin protein levels in the cerebrospinal fluid decreased by an average of just over 50% in patients who got the gene therapy compared to around a 17% drop in patients who got the placebo after a year.
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Bioscience & Technology Business Center The University of Kansas Lawrence, Kansas
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