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BioNTech Faces NIH Default Notice Over COVID-19 Vaccine Royalties

Following on from the lead story in this newsletter, BioNTech are facing issues related to their success during the pandemic. The company has received a notice of default from the National Institutes of Health (NIH), the U.S. medical research agency, alleging unpaid royalties on its COVID-19 vaccine Comirnaty, developed in partnership with Pfizer.

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South Africans Take on Pharmaceutical Company Vertex

A lawsuit led by a cystic fibrosis patient will see Vertex accused patent abuse and of violating patients’ human rights under the country’s constitution.

The company has received approval for Trikafta, a drug that can transform the lives of people with cystic fibrosis, but costs more than $300,000 per patient, per year.

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Regulatory Editor Regulatory Editor

U.S. Government to Propose Significant Drug Price Cuts Under Medicare Negotiations

The U.S. government is set to propose drug price cuts for the pharmaceutical industry in a move already anticipated by drugmakers. This initiative is part of a broader effort to reduce healthcare costs, with the government leveraging its Medicare program to negotiate prices directly with pharmaceutical companies for certain expensive medications.

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Regulatory Editor Regulatory Editor

Fireside Chat with Stephen J. Ubl, President and Chief Executive Officer, PhRMA

Stephen J Ubl, president and chief executive officer of the Pharmaceutical Research and Manufacturers of America (PhRMA) will join Fierce for a Fireside chat. Ubl is known as a leading health care advocate and policy expert, and represents the U.S. biopharmaceutical industry, which employs more than 800,000 Americans and invests more than $100 billion each year in R&D.

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