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US Judge Bars Copies of Lilly Weight-Loss Drug

A U.S. federal judge has refused to allow compounding pharmacies to keep making copies of Eli Lilly's popular weight-loss and diabetes drugs Zepbound and Mounjaro in the United States. The decision was filed late on Wednesday in response to an October lawsuit from a compounding industry group against the U.S. Food and Drug Administration's decision last year that there was no longer a shortage of the medicines' active ingredient, tirzepatide. Compounders had been allowed to produce hundreds of thousands of doses of copies of obesity drugs only while the FDA said there was a shortage of them.

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Eli Lilly and Company (NYSE:LLY) has recently announced a price cut for its insulin products, which is expected to have a significant impact on the company's revenue. The move comes amidst increasing regulatory scrutiny of pharmaceutical companies' pricing practices. As Jim Cramer sees it, the cut will likely boost LLY's sales, but the long-term implications of this move remain uncertain.

New Version of Merck's Keytruda Faces Possible Patent Battle, WSJ Reports Δ1.75

Merck's newly developed injected version of its cancer drug Keytruda may encounter a patent challenge from Halozyme Therapeutics, which claims the new formulation infringes on its existing patents. This potential dispute poses a significant hurdle for Merck as it seeks to expand the drug's market presence after the expiration of patents for the original intravenous version. Despite the challenge, Merck remains optimistic about the injected version's anticipated launch in early 2026, asserting that they believe Halozyme's patents are invalid.

Pharmaceutical Company Seeks Tax Cuts to Fuel Domestic Manufacturing Δ1.75

Eli Lilly's $27 billion investment in four new manufacturing sites in the United States hinges on tax cuts, with CEO David Ricks stating that extended or improved policies are essential for supporting domestic investments. The company aims to create 3,000 permanent jobs and nearly 10,000 construction jobs, focusing on producing active pharmaceutical ingredients. This move could help reinvigorate domestic manufacturing and increase exports of medicines made in the U.S.

Novo Nordisk to Sell Wegovy for $499 a Month to Cash-Paying US Customers Δ1.74

Novo Nordisk has announced that it will begin selling its weight-loss drug Wegovy at a discounted price of $499 per month to patients paying cash, marking a significant shift in the competitive dynamic of the U.S. obesity drug market. This move comes as rival Eli Lilly has cut the price for its weight-loss drug Zepbound and expanded its direct-to-consumer sales through its website. The Danish drugmaker will also offer home delivery for Wegovy, which can cost patients over $1,000 a month without insurance coverage.

Business News Roundup Faces Financial Dilemmas, Regulatory Challenges, and Competitive Pressures Δ1.74

Consumer Reports has released its list of the 10 best new cars to buy in 2025, highlighting vehicles with strong road test scores and safety features. The announcement comes as Eli Lilly & Co. is expanding its distribution of weight-loss drug Zepbound at lower prices, while Target is scaling back its DEI efforts amidst declining store visits. Meanwhile, Costco's luxury goods segment continues to grow, and Apple has secured President Trump's backing for its new investment plan.

Trump’s FDA Cuts Are Putting Drug Development at Risk. Δ1.73

Budget and staffing cuts at the Food and Drug Administration orchestrated by President Donald Trump could prevent new drugs “from being developed, approved, or commercialized in a timely manner, or at all,” according to dozens of annual reports sent by pharmaceutical companies to the Securities and Exchange Commission in late February. The impact on clinical trials and regulatory approvals is likely to be significant, potentially slowing down the development of life-saving treatments for serious diseases. As a result, patients may face longer wait times for new medications, which could have devastating consequences for public health.

Sunshine Biopharma Acquires Rights to Launch Two Gastrointestinal Drugs in the Canadian $200 Million Δ1.72

Sunshine Biopharma Inc. has announced the acquisition of rights to two gastrointestinal drugs, including Prucalopride, a generic version of Resotran, which is indicated for the treatment of chronic idiopathic constipation in adult women. The company's plan to launch these drugs positions it well to capitalize on the growing demand in the chronic idiopathic constipation market, expected to grow at a Compound Annual Growth Rate (CAGR) of 4.64% from 2024 to 2034. By expanding its portfolio of life-saving medicines, Sunshine Biopharma aims to solidify its position as a leading player in Canada's pharmaceutical industry.

MODerna Stock Zooms Nearly 16% Higher on Hump Day Δ1.72

Moderna's stock price surged nearly 16% higher following a court ruling in Germany that found Pfizer and BioNTech had violated a COVID-19 patent held by Moderna. The company, best known for producing the Spikevax vaccine, will receive compensation from its rivals for the use of the patent in developing their own COVID jab, Comirnaty. This decision establishes a significant precedent for intellectual property protection in the pharmaceutical industry.

Dexcom Receives FDA Warning Letter for Two U.S. Manufacturing Facilities Δ1.72

Dexcom has been issued a warning letter by the U.S. Food and Drug Administration following inspections that revealed issues in its manufacturing processes and quality management systems at its San Diego and Mesa facilities. The company's shares fell nearly 7% as it acknowledged the situation but expressed confidence that it would not materially impact its manufacturing capacity or sales guidance for fiscal year 2025. Dexcom is currently preparing a written response to address the FDA's observations.

Novo Nordisk Shares Slide on CagriSema News Δ1.72

Novo Nordisk's stock fell over 8% following the release of new data from the Phase 3 trial of its next-generation GLP-1 drug, CagriSema, which showed comparable weight loss results to its existing products, Ozempic and Wegovy. The drug's complex manufacturing process and competition from Eli Lilly's more effective alternatives further complicate its commercial prospects. Analysts express skepticism about CagriSema's potential to significantly impact Novo's profitability or market share in the increasingly competitive obesity treatment landscape.

Novo Nordisk Launches Lower-Cost Wegovy Cash Option and Home Delivery Δ1.71

Novo Nordisk has launched a new cash-pay option for its weight-loss drug Wegovy, offering a monthly dose at $499 with home delivery. The move follows competitor Eli Lilly's lead to offer a similar $499 cash program for its weight-loss drug Zepbound. This price reduction aims to make the medication more accessible to patients who do not have coverage or are uninsured.

Pfizer, BioNTech Face Patent Ruling in German Court Δ1.71

A German court has ruled that Pfizer and its partner BioNTech violated a COVID-19 vaccine patent held by Moderna. The ruling holds Pfizer and BioNTech liable for using the patented technology without permission, and they must provide information on earnings derived from the use of the patent and pay compensation to Moderna. The decision can be appealed to a higher court, but it marks an important milestone in the ongoing intellectual property dispute between the three companies.

CFPB Drops Lawsuit Against Bank of America, JPMorgan Chase and Wells Fargo over Zelle Fraud Δ1.71

The Consumer Financial Protection Bureau is dropping its lawsuit against the company that runs the Zelle payment platform and three U.S. banks as federal agencies continue to pull back on previous enforcement actions now that President Donald Trump is back in office. The CFPB had sued JPMorgan Chase, Wells Fargo and Bank of America in December, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on Zelle, in violation of consumer financial laws. Early Warning Services, a fintech company based in Scottsdale, Arizona, that operates Zelle, was named as a defendant in the lawsuit.

Moderna (MRNA) Stock Is Rallying Today Δ1.71

Moderna's Court Victory has resulted in a 8% increase in stock value after a German court ruled that BioNTech and Pfizer must pay Moderna damages for infringing on its mRNA patents. The company is now seeking damages based on all sales of Comirnaty over the last three years. This move is seen as a major win for Moderna, which had been seeking compensation for what it claims are stolen intellectual property rights.

Eli Lilly and Company Faces Pressure From Shareholders Δ1.70

Eli Lilly and Company has experienced significant share price fluctuations in recent months due to various headlines and policy changes, including the appointment of RFK Jr. as head of the U.S. Department of Health and Human Services. Despite this, the company's GLP-1 revenue growth has been excellent, with a 32% increase in 2024 compared to 2023. However, some investors have expressed concerns about the impact of these events on Eli Lilly's stock performance.

India's Fast-Delivery Giants Face Heat Over Deep Discounts Δ1.70

Indian consumer products distributors have filed an antitrust case against big fast-delivery businesses of Zomato, Swiggy and Zepto, calling for an investigation into alleged deep discounting practices that are upsetting smaller retailers. Quick commerce sales are booming in India, with companies like Zomato, Swiggy and Zepto expanding their warehouses and gaining market share. The All India Consumer Products Distributors Federation has asked the Competition Commission of India to investigate how discounts are doled out by these companies.

German Court Ruling Impacts COVID-19 Vaccine Patent Dispute Δ1.70

A German court has ruled that Pfizer and BioNTech violated a COVID-19 vaccine patent held by Moderna. The court ordered the two companies to provide information on earnings derived from the use of the patent, with the potential for compensation to be determined in further legal proceedings. The ruling can still be appealed to a higher court.

Dexcom Receives FDA Warning Letter for Two U.S. Manufacturing Facilities Δ1.70

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Lexicon Pharmaceuticals to Announce Topline Results From Phase 2b PROGRESS Study Evaluating Pilavapa. Δ1.70

Lexicon Pharmaceuticals, Inc. is set to share top-line results from the Phase 2b PROGRESS study evaluating pilavapadin (LX9211), an oral, non-opioid investigational AAK1 inhibitor in adult patients with moderate to severe diabetic peripheral neuropathic pain (DPNP). The study's findings are expected to provide valuable insights into the efficacy and safety of pilavapadin in treating this debilitating condition. Lexicon management will discuss the results on a conference call and webcast on Monday, March 3, 2025.

US Judge Bars Trump Administration From Cutting NIH Research Funding Δ1.70

A U.S. District Judge has issued a nationwide injunction preventing the Trump administration from implementing significant cuts to federal grant funding for scientific research, which could have led to layoffs and halted critical clinical trials. The ruling came in response to lawsuits filed by 22 Democratic state attorneys general and medical associations, who argued that the proposed cuts were unlawful and detrimental to ongoing research efforts. The judge emphasized that the abrupt policy change posed an "imminent risk" to life-saving medical research and patient care.

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Kiniksa Pharmaceuticals International, plc (NASDAQ:KNSA) stands out among its peers in the small cap pharma sector due to its promising pipeline and solid financials. The company's obesity medication candidates have shown encouraging results in clinical trials, offering a potential solution for weight management disorders. However, the regulatory landscape remains uncertain, with ongoing debates about the efficacy of these medications and the impact of US tariffs on pharmaceutical manufacturing costs.

SciSparc-Clearmind Collaboration Leads to Publication of Patent Application for Cocaine Addiction Ps Δ1.70

The collaboration between SciSparc Ltd. and Clearmind Medicine Inc. has led to the publication of a patent application for a combination treatment using MEAI and PEA for treating cocaine addiction, based on preclinical trial results demonstrating significant reduction in cocaine-induced craving without impairing natural rewards. The study suggests that MEAI's effect on drug craving is specifically targeted at drug-related compulsions rather than the general reward system. This latest publication adds to multiple patent applications filed as part of their ongoing collaboration.

Lvmh's Dior Italian Unit Cleared of Labour Exploitation Allegations Δ1.70

An Italian court has lifted controls on LVMH's Dior Italian unit after the company adopted required organisational model and supplier control procedures, resolving relationships with 'at-risk' suppliers quickly and developing best practices that received court approval. The Milan court had imposed special administrations on the fashion brand last year due to allegations of labour exploitation in its manufacturing process. Dior has strengthened its operations along the supply chain, setting a new benchmark for best practice in the industry.

KalVista Pharmaceuticals to Host Investor Webcast Highlighting Commercialization Strategy, Plans and Results Δ1.69

KalVista Pharmaceuticals will host a virtual event on March 25, 2025, to provide an overview of its commercialization strategy for sebetralstat, an investigational treatment for hereditary angioedema (HAE). The company has completed Marketing Authorization Applications for sebetralstat to global regulatory authorities and is under regulatory review by the U.S. FDA. Sebetralstat is under investigation for its safety and efficacy in treating HAE.

Abbvie's Next Big Moneymaker? This Drug Just Took a Huge Step Toward Approval Δ1.69

AbbVie has received a positive opinion from the European Medicines Agency for its drug upadacitinib (RINVOQ), potentially positioning it as a leading treatment for giant cell arteritis (GCA). If approved by the European Commission, upadacitinib would be the first oral advanced therapy for GCA, marking a significant advancement in AbbVie's immunology portfolio amid rising competition from biosimilars. This development could drive AbbVie's growth trajectory, making it a key player in the biopharmaceutical sector.