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Gene-Therapy Cure Has Money-Back Guarantee
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Strimvelis is the first gene-therapy cure for a rare disorder. Its recently announced cost of $665,000 makes it one of the most expensive one-time treatments ever sold. However, if it doesn’t work, the money will be returned. Strimvelis uses a virus to add a missing gene to the bone marrow of children with ADA-SCID, an inability to fight…
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CRISPR patent battle heats up as new email disputes Zhang claim
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The ongoing patent battle over who owns the rights to the CRISPR-Cas9 technology has heated up with a new email. Biochemist Dr. Jennifer Doudna, from the University of California, Berkeley, and biologist Feng Zhang, from the Broad Institute of Harvard and MIT, both claim to have invented the tech…
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Merck enters race for cancer drugmaker Medivation
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Merck & Co. Inc. has shown interest in buying Medivation Inc. earlier this month. Medivation, best known for its prostate cancer drug Xtandi, has already rejected two acquisition offers from Sanofi. Pfizer Inc., Celgene Corp., and Gilead Sciences Inc. have also shown interest. Sources asked not…
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When measuring success in pharma, one highly monitored measurement is the amount of revenue a company generates from new medicines. But is it a reliable measure of success? A Bloomberg Intelligence analysis of drugs approved since 2010 shows Bristol-Mye…
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Electronics developer and interconnected solutions company Molex is buying Phillips-Medisize for an undisclosed amount, with an expected closing date in the fall. Molex and Phillips-Medisize’s combined skills will help them become a global leader in connected health…
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