Friday, August 5, 2022: D.C. News

The Congressional Budget Office (CBO) released a report projecting that Democrats’ climate and tax bill could cut the deficit by $101.5 billion over 10 years. The CBO also indicated that the party-line drug pricing legislation will likely cause manufacturers to...

Friday, August 5, 2022: Life Sciences

PhRMA and its 31 board members sent a letter to every member of Congress yesterday imploring them to vote against Democrats’ reconciliation package. PhRMA CEO Steve Ubl said in an interview that lawmakers “who vote for this bill will not get a free...

Friday, August 5, 2022: Life Sciences

Amgen Inc. secured a deal to buy ChemoCentryx Inc. for $3.7 billion, giving the biotech company access to the potential blockbuster drug Tavneos. The drug is used to treat patients with a rare type of blood vessel inflammation that generated $5.4 million in sales in...

Friday, August 5, 2022: M&A

MedArrive, a home-based health care technology company, and Brave Health, a virtual-first behavioral health provider, have partnered to enable Medicaid patients to access behavioral health services from their homes. Through the partnership, MedArrive will refer...