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PTC inks Royalty deal worth up to $1.5B on Genentech-partnered SMA drug Evrydsi

Fierce Pharma

The company licensed the med to Genentech in 2011. Amid a cost-cutting drive and a looming commercial threat in Europe, PTC Ther | PTC will hold on to 19% of its royalty interest in the Genentech drug with the option to sell the rest down the line.

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Biotech IPO market slowdown continues as third quarter is weakest since 2011

MedCity News

Third Harmonic Bio’s stock market debut was the only biotech IPO that crossed the $100 million threshold in the third quarter as the slowdown in IPO activity showed little sign of changing. Small deals continue to represent most of the IPO activity.

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US Congress passes bill to end Parkinson’s disease

pharmaphorum

The US Congress has passed the first-ever federal bill dedicated to ending Parkinson’s disease, modelled on similar legislation for Alzheimer’s enacted in 2011

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The need for mental healthcare is great

World of DTC Marketing

The national rate of suicidal ideation among adults has increased every year since 2011-2012. This is a massive problem as the percentage of adults with a mental illness reported an unmet need for treatment every year since 2011. Suicidal ideation continues to increase among adults in the U.S. who are going untreated. In 2019, 24.7%

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New FDA head needs to examine the accelerated approval program

World of DTC Marketing

Between 2011 and 2018, cumulative spending on 44 FDA-approved oral targeted therapy drugs was $3.5 billion, with more than half of that devoted to products that did not provide a “documented overall survival benefit” in clinical trials.

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FDA Finally Pulls Preterm Birth Drug Makena From the Market

MedCity News

FDA withdrawal of Makena from the market comes four years after the drug, granted accelerated approval in 2011, failed a post-marketing study to confirm the drug’s benefit. The FDA decision also affects generic versions of the drug.

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Corporations: “get healthcare costs under control”

World of DTC Marketing

On a percentage basis, the figure for 2020 was Independence’s highest profit margin since 2011, records show. IBC, the Philadelphia region’s largest health insurer , on Tuesday reported 2020 net income of $622 million — almost double its $321 million income in 2019, before COVID-19 struck. The company also did well in the stock market.