Janet Woodcock, acting FDA commissioner (Michael Brochstein/Sipa USA/Sipa via AP Images)
McKinsey is under fire again, this time from the House Oversight Committee, which is digging into the consulting firm’s close ties to the FDA while working simultaneously to promote opioids and find ways to stall competition for AbbVie’s blockbuster rheumatoid arthritis drug Humira.
Since 2008, FDA has paid McKinsey over $140 million for various tasks relating to opioids, drug safety, and drug approvals, as well as a ‘track and trace’ system for drugs, monitoring programs to assess drug safety, and ways to streamline the drug approval process.
But Purdue Pharma’s records show, according to the committee, that at the same time McKinsey was advising FDA, including offices responsible for opioid programs, the company was also advising Purdue on how to lobby the FDA.
‘For instance, in 2008, FDA proposed new safety rules for OxyContin under the agency’s Risk Evaluation and Mitigation Strategies (REMS) program—including a requirement that the painkiller could be prescribed only by specially trained pharmacies or healthcare practitioners,’ the committee says. Purdue hired McKinsey, which successfully rebuffed stronger REMS safety measures until 2012, despite the objections of an independent panel of experts who recommended more rigorous training for prescribers and the reduction of industry influence in the safety measures.
‘It is not known to what extent McKinsey consulted for the opioid industry during this same period, how much McKinsey received in compensation from opioid-related entities, or whether FDA consulted with McKinsey on the decision to reject stronger safety rules,’ the committee’s letter to McKinsey on Friday said.
Sen. Maggie Hassan (D-NH), whose state has been hit hard by the opioid crisis, directly questioned FDA acting commissioner Janet Woodcock on Thursday about how the FDA didn’t know until recently about its conflicting work with McKinsey, which was also consulting for opioids manufacturers while working on the FDA’s track-and-trace system. But Woodcock said that she did know, and she said she didn’t think there was anything improper going on.
‘Well, speaking for myself, I was aware, at that time that McKinsey was only doing consulting work of an administrative nature for the FDA,’ Woodcock said. ‘Nothing to do with any product or standard or anything like that.’
But Hassan questioned her again on McKinsey’s track-and-trace work and McKinsey’s public apology last year. She also questioned why the agency said it’s not reaching out to McKinsey for future work, if nothing from their past was irregular. Hassan said she thought this was a major conflict of interest that could’ve fueled the opioid epidemic.
Woodcock has taken a lot of heat over the opioid approvals under her watch as CDER director, and it may have contributed to her not being nominated as permanent commissioner (although President Biden has yet to make his nomination).
Another Dem, Sen. Joe Manchin of West Virginia, previously wrote to President Joe Biden, advising him not to name Woodcock as permanent FDA commissioner because of the decisions she made around opioids in the past. ‘By overseeing continuous approvals of stronger and more addictive opioids since the initial approval of OxyContin in 1995 – and Dr. Woodcock has been there for all of it. Dr. Woodcock has repeatedly ignored public health concerns and shown a dereliction of duty by not working to end this epidemic,’ Manchin wrote.
In addition to McKinsey’s opioids work, according to documents obtained by the House committee in its drug pricing investigation, McKinsey in August 2010 also advised AbbVie on ways to block competition for its blockbuster drug, Humira, which will remain without biosimilar competition until 2023. McKinsey was working closely with the FDA’s generic drug office at the time, the committee said.
The committee is now requesting that McKinsey provide by Nov. 19 a series of documents to understand the full scope of its monitoring failures, conflicts of interest, and consulting.
Among those documents will be a detailed description of any matters McKinsey has worked on for FDA since 2008 involving opioids, generic drugs, biosimilar drugs, drug distribution, drug approvals, the drug approval process, track-and-trace systems, REMS, or drug safety programs, including the dates, subject matter, work performed, and amount FDA paid McKinsey for each project.
In addition, the committee is seeking all presentations, memoranda, reports, or other work product prepared for FDA between 2005 and 2021. It also requested a list of all McKinsey consultants or employees who consulted or otherwise worked on projects for FDA between 2005 and 2021 and also worked on projects for any opioid- or pharmaceutical-related company at any time during this period, including but not limited to AbbVie, Amgen, Celgene, Sanofi, Purdue, Endo, Mallinckrodt, Janssen, Teva, Actavis, Amerisource Bergen, McKesson, Cardinal Health, CVS, and Walmart.
The COVID-19 pandemic has made society very aware of the need to be flexible in the approach to daily life. Every part of ‘normal’ day-to-day life has been disrupted. Clinical trials and the traditional way of conducting them has been no different. Flexibility became an immediate need for sponsors, CROs, clinical sites, and patients. Quick adjustments had to be made, along with finding new ways to make sure that patients had the appropriate care, oversight of the clinical sites continued to be managed, and drug supply and accountability were maintained. Many clinical sites found themselves acting as a shipping department, trying to make sure all of their patients received their drug safely and on time. CRAs performed remote oversight visits, virtual site tours, and virtual accountability audits. Sponsors quickly began to rethink their Direct-to-Patient (DTP) approach as patients increasingly requested that their study drugs be shipped to their homes.
For the past 20 years, Novartis and Roche were more than cross-town rivals reigning over towering pharmaceutical dynasties. Novartis also holds a sizable chunk of Roche’s shares — amounting to a nearly one-third voting stake.
Now, Roche is buying that stake back for $20.7 billion.
‘After more than 20 years as a shareholder of Roche, we concluded that now is the right time to monetize our investment,’ Novartis CEO Vas Narasimhan said in a statement, adding that the cash will go toward purposes in line with current capital allocation.
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After a fiasco surrounding the contamination of Covid-19 vaccine doses in its facilities — during a time in which vaccinating residents was dire to America’s return to normalcy — Emergent BioSolutions’ $600 million manufacturing deal with the US government has come to an end.
CEO Bob Kramer said that the two parties ‘mutually agreed’ to terminate the contract in an earnings call with investors Thursday, evaporating about $180 million in deal value.
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House Democrats are on the cusp of passing two major pieces of Biden’s agenda Friday, but Medicare drug price negotiations — once the centerpiece of the Build Back Better Act’s revenue stream — has been relegated to only about $100 billion in savings over the next decade. That number fell lower yesterday.
Overall, the compromise ended up winning over both Democrat senators receiving PhRMA cash, like Kyrsten Sinema and Bob Menendez, and more liberal senators, like Elizabeth Warren. But on the House side, the battle continued up until yesterday evening.
DeepMind CEO Demis Hassabis
Last summer marked a major breakthrough in drug discovery when DeepMind, a predictive modeling startup from Google parent company Alphabet, offered the most accurate picture yet of the ‘protein folding’ problem. The Alphabet team is now propping up a unit focused solely on drug discovery, and it will look to leverage lessons learned from DeepMind’s example.
Alphabet has launched Isomorphic Labs, a London-based drug discovery startup leveraging the company’s AI and machine learning work, and lessons from DeepMind’s AlphaFold breakthroughs, CEO Demis Hassabis said in a blog post Thursday.
Kate Cronin, Moderna’s first chief brand officer
It’s probably not an exaggeration to say that all eyes in the marketing world are on Kate Cronin. Maybe not specifically on Cronin by name, but most definitely on the Moderna brand she is shepherding as the biotech’s first chief brand officer.
An Ogilvy advertising agency veteran where she was most recently CEO of Ogilvy Health, Cronin has crafted strategies and campaigns for many Big Pharma brands. But Moderna is different. The biotech is not only a newcomer to the public perception stage but also joins with what may be one of the most high-profile product debuts in history. Moderna’s COVID-19 vaccine — its one and only commercial product to date and still under emergency approval — has propelled the company into the white-hot spotlight of consumer opinion and skyrocketed it up the charts of investor estimation.
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Despite a very late line approval for its TKI drug last year, Deciphera has had its eyes set on cracking into earlier patients with GI tumors — a possibility investors cheered. But that door has now been slammed shut, and Deciphera’s cheerleaders are fleeing in droves.
Deciphera’s Qinlock (ripretinib) failed a head-to-head matchup against standard-of-care sunitinib in second-line patients with gastrointestinal stromal tumors (GIST) who had previously been treated with TKI inhibitor imatinib, the biotech admitted Friday.
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The pharma industry owes biotech a thank you note. Driven by innovation from biotech companies including Moderna, BioNTech and Regeneron in Covid-19 vaccines and treatments, the pharma industry is enjoying unprecedented positive public opinion.
The Harris Poll’s most recent data find that 55% of people surveyed rated the pharma industry’s reputation as positive. That’s down slightly from 56% in September and up from 53% in August, but a vast improvement over the industry’s pre-pandemic low point in January 2020 when it sat at 32%.
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Site of bluebird’s new headquarters at 455 Grand Union Blvd, Assembly Row (Photo credit: Aram Boghosian)
Recouping from a series of setbacks for its gene therapy business, bluebird bio successfully bisected itself earlier this week as part of a big rebrand around genetic disease. Now, with its future still in the wind, bluebird has found a new nest.
Bluebird has signed a lease for a new 61,000 square-foot headquarters at Assembly Row in Somerville, MA, that the newly stripped-down biotech envisions as its hybrid home base of the future after spinning off its oncology business earlier this week.
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