-
Iran, US prepare for Oman talks after deadly protest crackdown
-
Winter Olympics opening ceremony nears as virus disrupts ice hockey
-
Mining giant Rio Tinto abandons Glencore merger bid
-
Davos forum opens probe into CEO Brende's Epstein links
-
ECB warns of stronger euro impact, holds rates
-
Famine spreading in Sudan's Darfur, warn UN-backed experts
-
Lights back on in eastern Cuba after widespread blackout
-
Russia, US agree to resume military contacts at Ukraine talks
-
Greece aims to cut queues at ancient sites with new portal
-
No time frame to get Palmer in 'perfect' shape - Rosenior
-
Stocks fall as tech valuation fears stoke volatility
-
US Olympic body backs LA28 leadership amid Wasserman scandal
-
Gnabry extends Bayern Munich deal until 2028
-
England captain Stokes suffers facial injury after being hit by ball
-
Italy captain Lamaro amongst trio set for 50th caps against Scotland
-
Piastri plays down McLaren rivalry with champion Norris
-
ECB holds interest rates as strong euro causes jitters
-
Spain, Portugal face floods and chaos after deadly new storm
-
EU close to sealing trade deal with Australia
-
German Cup final to stay in Berlin until 2030
-
What does Iran want from talks with the US?
-
Taming the lion: Olympians take on Bormio's terrifying Stelvio piste
-
Wind turbine maker Vestas sees record revenue in 2025
-
Italy's Casse tops second Olympic downhill training
-
Anti-doping boss 'uncomfortable' with Valieva's coach at Olympics
-
Bitcoin under $70,000 for first time since Trump's election
-
'I am sorry,' embattled UK PM tells Epstein victims
-
England's Brook predicts record 300-plus scores at T20 World Cup
-
Ukraine, Russia swap prisoners, US says 'work remains' to end war
-
Wales' Rees-Zammit at full-back for Six Nations return against England
-
Sad horses and Draco Malfoy: China's unexpected Lunar New Year trends
-
Hong Kong students dissolve pro-democracy group under 'severe' pressure
-
Germany claws back 59 mn euros from Amazon over price controls
-
Germany claws back 70 mn euros from Amazon over price controls
-
VW and Stellantis urge help to keep carmaking in Europe
-
Stock markets drop amid tech concerns before rate calls
-
BBVA posts record profit after failed Sabadell takeover
-
UN human rights agency in 'survival mode': chief
-
Greenpeace slams fossil fuel sponsors for Winter Olympics
-
Greenpeace slams fossel fuel sponsors for Winter Olympics
-
Kinghorn, Van der Merwe dropped by Scotland for Six Nations opener
-
Russia says thwarted smuggling of giant meteorite to UK
-
Salt war heats up in ice-glazed Berlin
-
Liverpool in 'good place' for years to come, says Slot
-
Heathrow still Europe's busiest airport, but Istanbul gaining fast
-
Highest storm alert lifted in Spain, one woman missing
-
Shell profits climb despite falling oil prices
-
Pakistan will seek govt nod in potential India T20 finals clash
-
China shuns calls to enter nuclear talks after US-Russia treaty lapses
-
German factory orders rise at fastest rate in 2 years in December
| SCS | 0.12% | 16.14 | $ | |
| BP | -2.93% | 38.085 | $ | |
| NGG | -1.02% | 86.905 | $ | |
| CMSD | 0.17% | 23.91 | $ | |
| BTI | 0.08% | 61.68 | $ | |
| RIO | -4.49% | 92.33 | $ | |
| RBGPF | 0.12% | 82.5 | $ | |
| GSK | 3.34% | 59.21 | $ | |
| RYCEF | -0.36% | 16.62 | $ | |
| AZN | 1.06% | 189.46 | $ | |
| CMSC | -0.15% | 23.485 | $ | |
| BCE | -2.85% | 25.61 | $ | |
| BCC | -0.92% | 89.41 | $ | |
| JRI | 1.46% | 13.345 | $ | |
| VOD | -6.47% | 14.755 | $ | |
| RELX | 2.36% | 30.5 | $ |
US congressional report slams FDA approval of Alzheimer's drug
The US Food and Drug Administration's approval process for a controversial drug used to treat Alzheimer's was "rife with irregularities," a congressional report said Thursday.
An 18-month investigation into the FDA's green-lighting of the drug, Aduhelm, also criticized its manufacturer, biotechnology company Biogen.
The Cambridge, Massachusetts-based Biogen set an "unjustifiably high price" for Aduhelm of $56,000 a year to "make history" with the first drug approved in decades to treat Alzheimer's, the report said.
Aduhelm received "accelerated approval" from the FDA in June despite the fact that an independent panel advising the US drug regulator had found insufficient evidence of its benefit and some experts had raised concerns about inconsistency in the drug's clinical data.
At least three of the 11-member independent committee that voted unanimously against recommending the drug to the FDA subsequently resigned.
According to the congressional investigators, the FDA "considered Aduhelm under the traditional approval pathway used for most drugs for nine months, before abruptly changing course and granting approval under the accelerated approval pathway after a three-week review period."
They found that FDA interactions with Biogen were "atypical" and included a failure to properly document contacts between agency staff and the drug maker.
The FDA and Biogen had also "inappropriately collaborated" on a joint briefing document for a key advisory committee.
"FDA's approval process was rife with irregularities," the report said.
As for Biogen, the report said the company "viewed Aduhelm as an unprecedented financial opportunity -- estimating a potential peak revenue of $18 billion per year."
It quoted a September 2020 presentation to the Biogen board as saying: "Our ambition is to make history" and to "establish Aduhelm as one of the top pharmaceutical launches of all time."
- 'Wake-up call' -
Carolyn Maloney, chairwoman of the House Oversight and Reform Committee, said she hoped the report's findings "are a wake-up call for FDA to reform its practices."
Frank Pallone, chairman of the House Energy and Commerce Committee, said the report "documents the atypical FDA review process and corporate greed that preceded FDA's controversial decision to grant accelerated approval to Aduhelm."
"While we all support the search for new cures and treatments to address devastating diseases like Alzheimer's, we must ensure that expediency does not take precedence over protocols," Pallone said. "Patient safety and drug efficacy must remain at the core of our nation's pharmaceutical regulatory review process."
In a statement, the FDA said it "remains committed to the integrity of our drug approval process, which includes ensuring that safe and effective new treatment options are available to the millions of people with Alzheimer's disease."
Biogen said it "stands by the integrity of the actions we have taken."
"Biogen has been committed to researching and developing treatments for Alzheimer's disease for more than a decade," the company said.
"We have been focused relentlessly on innovation to address this global health challenge, and have adapted to both successes and setbacks."
E.Aziz--SF-PST