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CMS’ Attempt to Restrict Patient Access to Alzheimer’s Drug Sets “Dangerous and Far-Reaching” Precedent
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Cost & Value of Biopharmaceuticals  •  Press Release  •  January 13, 2022
Dr. Michelle McMurry-Heath, president and CEO of the Biotechnology Innovation Organization (BIO), released the following statement in response to the Centers for Medicare and Medicaid Services’ (CMS) proposed National Coverage Determination (NCD) to restrict coverage for drugs used to treat patients suffering from Alzheimer’s: “The announcement by CMS sets a dangerous and far-reaching precedent for patients struggling with Alzheimer’s and other difficult to treat diseases. Limiting coverage only to patients enrolled in government-mandated randomized clinical trials means that most of those suffering from Alzheimer’s would be denied access to an approved medicine simply because of where they live or where they go for care. “The CMS proposal also would require post-approval randomized controlled trials for all future drugs in this class, regardless of the type and volume of evidence demonstrated during FDA-required trials and regardless of whether future drugs are approved during an accelerated pathway or through traditional channels. In essence, through this coverage announcement, CMS is pronouncing its disagreement with FDA’s gold-standard, science-based, safety and efficacy standards.  Surely the first time such a conflict has arisen and now a dangerous rebuke of FDA’s scientific autonomy and decision making. “In the coming weeks, we hope that CMS will reevaluate its proposal in light of the fact that it would restrict access for the most vulnerable patients and adversely impact the future investment needed to develop new medicines to treat patients suffering from Alzheimer’s. “Most Medicare beneficiaries that meet FDA-approval criteria would not be able to access the drug under this proposal. There also is the issue that many enrolled in randomized trials won’t even have access to the drug, since they will be receiving the placebo. In addition, under this proposal, coverage wouldn’t even begin to be available until a trial is approved and enrolling…
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Good Day BIO: Yes, we're still talking about Mexico
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Good Day BIO Newsletter  •  January 13, 2022
It’s a new year…and yes, we’re still talking about Mexico’s treatment of biotech. Senate Finance Committee leadership sent a letter to USTR to urge them to take action. Meanwhile, we keep hearing some misconceptions about the role of NIH grants in developing new drugs, so we fact-check it. (593 words, 2 minutes, 57 seconds)
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Senate Finance Committee Leadership Sends Letter to USTR Ambassador Tai, Notes Mexico's Failure to Adhere to Biotech Commitments
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Agriculture & Environment  •  Letters, Testimony & Comments  •  January 12, 2022
The United States-Mexico-Canda Agreement has the potential to deliver tangible benefits for America's workers, farmers, and businesses by improving and strengthening the relationship between the United States and its two closest trading partners. However, that potential will not be realized without full implementation and enforcement of the Agreement as written. Critically, while it would be preferable to resolve USMCA's implementation issues through negotiation, the Office of the United States Trade Representative must be prepared to use the strong and innovative enforcement tools that Congress pushed to include in USMCA to ensure that the Agreement lives up to its full potential.
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House Ways and Means Ranking Member Sends Letter to USTR on Need for USMCA Enforcement
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Agriculture & Environment  •  Letters, Testimony & Comments  •  January 12, 2022
It has been eighteen months since the entry into force of the United States-Mexico-Canada Agreement (“USMCA”), which modernized our trilateral trading relationship in ways that advance the interests of all Americans. The Agreement not only represents the high-water mark for bipartisan collaboration on trade but also creates a clear roadmap for the successful conclusion of new trade agreements with other key trading partners. As you have rightly emphasized, USMCA’s success will be measured by the extent to which it is fully implemented and enforced. I applaud the successes you have already achieved in the recent dairy market access case against Canada and in enforcing USMCA’s Labor Chapter commitments in Mexico under the Rapid Response Mechanism.
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Good Day BIO: Gene editing allows pig-heart transplant
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Good Day BIO Newsletter  •  January 12, 2022
In an incredible step forward for medicine, gene editing (and a few BIO members) allowed doctors to successfully transplant a pig's heart into a human. We have the story. Plus, four federal health officials appeared before the Senate HELP Committee yesterday, so we tell you the useful information you might have missed if you only caught the buzzy clips. (656 words, 3 minutes, 16 seconds)
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Private Sector's Critical Role in Biomedical Innovation
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Human Health, Cost & Value of Biopharmaceuticals  •  Toolkit  •  January 12, 2022
There is a misguided perception that NIH funding, not private market investment, is largely responsible for the creation and approval of new therapies. A new study by Vital Transformation¹ tests that hypothesis by tracking more than 20,000 patents linked to NIH grant over a 20 year period, identifying those associated with clinical trials and approved medicines, and quantifying the public and private investments made for those investigational and approved medicines.
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Good Day BIO: Who gets money spent on brand-name drugs?
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Good Day BIO Newsletter  •  January 11, 2022
New data shows that more than half of total spending on brand-name medicines goes to the supply chain and other stakeholders—and brand-name drug prices actually fell last year. We take a closer look, plus review two new studies that show the devastating health impacts of air pollution. (733 words, 3 minutes, 39 seconds)
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Good Day BIO: Accelerated approval: it's time to "double down" and "modernize"
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Good Day BIO Newsletter  •  January 10, 2022
As JPM Week begins, we have an exclusive look at what nominee for FDA Commissioner Dr. Robert Califf and BIO’s Dr. Michelle said yesterday about the future of accelerated approval. Plus, we have food for thought about gene edited wheat. (691 words, 3 minutes, 27 seconds)
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Good Day BIO: Boulder County reverses policy on GE crops
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Good Day BIO Newsletter  •  January 7, 2022
Closing out the first week of the year with good news for farmers in Colorado’s Boulder County, plus a look at why we need to improve vaccine distribution if we want to improve vaccination rates. (662 words, 3 minutes, 18 seconds)
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Good Day BIO: 5 gene-editing advances to know
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Good Day BIO Newsletter  •  January 6, 2022
D.C. is marking the one-year anniversary of the attack on the Capitol. Meanwhile, as food supply chains and prices continue to dominate headlines, we review five gene-editing advances that could help. And, January is Glaucoma Awareness Month—taking a look at these resources could save your eyesight. (690 words, 3 minutes, 27 seconds)
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