At the World Economic Forum in Davos, Moderna CEO Stephane Bancel said the company was in active discussions to supply COVID-19 vaccines to China. “What I really want to understand is how do we help the Chinese government as to what are the needs they have from a healthcare standpoint,” he said. (Reuters)
Wilbur Ross’ SPAC has plans to take biotech Aprinoia public in a deal. The deal with Ross Acquisition Corp. II values the combined company at about $320 million including debt, according to a statement Wednesday that confirmed an earlier report. (Bloomberg)
Former Biogen CEO George Scangos said the company ‘shot themselves in the foot’ by deciding to charge $56,000 for its controversial Alzheimer’s drug. Scangos, who led the biopharma from 2010 to 2016, said Biogen priced Aduhelm too high after the FDA approved the controversial treatment in June 2021. (Business Insider)
West Virginia has settled for $83 million with Walgreens for the pharmacy store chain’s role in perpetuating the opioid crisis. That brings the total West Virginia dollars brought in from opioid litigation to more than $950 million, according to the Attorney General’s office. (Associated Press)
Reducing overall calories may promote weight loss more effectively than intermittent fasting, an American Heart Association study found. The average daily number of large- and medium-sized meals led to weight increases, the study showed, suggesting that overall caloric intake remains a key contributor to weight gain. In comparison, the total number of small meals was predictive of weight loss over time. (ABC News)
