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The U.S. Food and Drug Administration will review an experimental gene therapy rejected four months earlier. The United States also opened a trade investigation into German plans to cut pharmaceutical spending by $23 billion.
prnewswire.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, @statnews reported on June 22, 2026. The agency cleared UniQure last week to submit an application for a Huntington’s disease gene therapy that it had previously rejected.
In a separate action, the United States launched a trade investigation into a German plan to lower spending on pharmaceutical products. The U.S. Trade Representative is conducting the probe under Section 301 of the Trade Act of 1974.
The German Ministry of Health unveiled the overhaul plans in April 2026 to reduce a funding gap by $23 billion through variable discounts on pharmaceuticals. The plan is being replaced after the pharmaceutical industry expressed opposition.
financialexpress.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.
pbs.orgThe nominee for FEMA director said staff cuts would present operational difficulties and pledged faster distribution of disaster funds to states. The comments came during a Senate hearing on the nomination.