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#news #biotech After Bind bankruptcy, Hirsch once again helms a biotech, landing at C4

BioTech 365

Biotechnology, Pharma and Biopharma News – Research – Science – Lifescience ://Biotech-Biopharma-Pharma: After Bind bankruptcy, Hirsch once again helms a biotech, landing at C4.After

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Acorda filed for bankruptcy, and Merz is eyeing its assets

pharmaphorum

Acorda Therapeutics has filed for bankruptcy protection, hoping to keep operating while it tries to arrange the sale of its main assets to a US subsidiary of Germany’s Merz. The news emerged shortly after Acorda cancelled its fourth-quarter results conference call, which was scheduled to take place yesterday.

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The current pricing of cancer treatments is unsustainable

World of DTC Marketing

The com­pa­ny said the drug would be priced at a WAC of about $39,000 per month, or $468,000 per year and their stock immediately rose 25% on the news. The drug is rapamycin in a new albumin coating. ” Research shows that cancer patients are more likely to declare bankruptcy than the average person.

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The story of a Kansas couple struggling to avoid bankruptcy over medical debt

NPR Health - Shots

In NPR's on-going investigation into medical debt with Kaiser Health News, we travel to Lawrence, Kan., to see how far one couple went to avoid bankruptcy.

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FDA issues rare comment on approval of Covid and flu home test from company that went bankrupt

STAT News

The news came just days after the test’s maker, Lucira, filed for bankruptcy, blaming the FDA’s “protracted” approval process for its financial problems. Last week, the Food and Drug Administration issued an emergency authorization for the first at-home Covid-19 and flu combination test.

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Which biotechs need to find a new bank after the collapse of Silicon Valley Bank?

Pharmaceutical Technology

News of the SVB crisis spread quickly from 8–10 March and into the weekend, and the US government finally announced on 12 March that commercial clients would be able to access all of their funds. Axsome Therapeutics was early to announce it would be heavily impacted, as SVB was one of two banks the company used for cash deposits.

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J&J, wholesalers see an end to their opioid liability hangover

pharmaphorum

News of the deal comes shortly after the Centers for Disease Control and Prevention (CDC) published figures showing that the opioid epidemic worsened during the pandemic, with a 28.5% Meanwhile, Mallinckrodt secured bankruptcy court approval for its $1.7 spike in deaths in the 12 months to April 2021 to nearly 100,000.

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