pharma
Roche licenses obesity drug with unique mechanism
Roche has licensed a non-GLP-1-targeting obesity drug from South Korean company Hanmi Pharm, broadening its weight loss drug portfolio.
Hanmi said yesterday that the drug mimics the effects of a neuropeptide called urocortin-2, or UCN2, and is designed to promote weight loss while preserving lean mass.
Over the past few years, Roche has attempted to catch up in the obesity race. It acquired Carmot Therapeutics, picking up several GLP-1-targeting candidates. It’s also partnered with Zealand Pharma to test an experimental amylin-targeting drug.
Under the new deal, Roche will pay Hanmi $190 million upfront and could pay up to $2.3 billion if certain milestones are met. Hanmi is also eligible to receive royalties on future sales.
pharma
Merck's suit contesting Medicare negotiations is shot down
A D.C. judge yesterday rejected Merck's lawsuit challenging Medicare price negotiations established by the Inflation Reduction Act, dealing another blow to the industry's effort to stop the program.
Earlier this year, the Supreme Court declined to take up lawsuits against the program filed by AstraZeneca, Boehringer Ingelheim, Bristol Myers Squibb, Janssen, Novartis, and Novo Nordisk, after the drugmakers lost their appeals in lower courts.