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The U.S. Food and Drug Administration will review an experimental gene therapy for a deadly childhood brain disorder rejected four months earlier. The move follows leadership changes at the agency. A separate trade probe targets German pharmaceutical spending plans.
cnbc.comThe U.S. Food and Drug Administration will reconsider approving an experimental gene therapy for a deadly and rare childhood brain disorder that it rejected four months earlier, Stat reported. The decision marks the latest in a series of apparent FDA reversals after leaders installed by the Trump administration resigned or were fired in the preceding two months.
Last week UniQure was cleared to submit an application for a Huntington’s disease gene therapy previously rejected by the agency. Former FDA commissioner Marty Makary appeared to disparage that therapy on national television. Separately the U.S.
Trade Representative launched a Section 301 investigation into a German plan to reduce spending on pharmaceutical products. The probe follows an April announcement by the German Ministry of Health of a healthcare system overhaul intended to close a $23 billion funding gap.
The original plan, which included variable discounts on pharmaceuticals, drew opposition from the German pharmaceutical industry and is being replaced.
The Ministry of Health reported 1,003 cases and 254 deaths as of the latest count, with 100 recoveries. The Bundibugyo virus outbreak, declared May 15 in Ituri province, has spread to neighboring provinces and Uganda.
entrepreneur.comAbbVie will pay $10.9 billion in cash to buy Apogee Therapeutics, a Waltham-based developer of immunology drugs. The deal values Apogee shares at $135.11 each, a roughly 50 percent premium to the prior close.
The IndependentRecord spring rains and snowmelt flooded northern Michigan homes, exposing gaps in federal flood maps and insurance access for thousands of residents. Many property owners had been told they were outside mapped flood zones and could not obtain coverage.