The federal government will increase the number of vaccine doses it sends every week to states and pharmacies from 11 million to 13.5 million. The Biden administration also plans to double the number of doses sent to retail pharmacies. (CNBC Weekly)
Bristol Myers Squibb and Sanofi must pay the state of Hawaii $834 million for deceptive marketing of Plavix, a blood-thinning drug. The ruling stated that the companies did not adequately disclose that the drug was ineffective in 30% of people who used it. (Bloomberg)
Former Operation Warp Speed head Moncef Slaoui announced he’ll be launching a new company, Centessa Pharmaceuticals. Centessa, which has raised $250 million, will merge 10 biotech companies into one entity. (STAT)
CVS Health plans to re-enter Affordable Care Act insurance marketplaces next year. CVS Health’s Aetna previously halted its ACA plans in 2018, citing losses. (Reuters)
The Food and Drug Administration placed a hold on Cortexyme’s open-label extension study for its Alzheimer’s drug. Cortexyme had reported that some patients developed liver issues while taking the drug. (Endpoints News)
