(AOF) – The US Department of Justice announced on Wednesday that it had filed a complaint under the False Claims Act (FCA) against the company Regeneron, as manufacturer of the drug Eylea, approved by the Food and Drug Administration (FDA) for treat, among other things, age-related macular degeneration. The biotech would have fraudulently inflated the reimbursement rates of the public health coverage program Medicare for this product by knowingly submitting to the authorities false reports on average selling prices, excluding certain price reductions.
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Oncology, priority of pharmaceutical giants
Sanofi’s stock market disappointment recorded at the end of October 2023 underlines the new direction for the group, which has now set oncology as its number 1 priority. Efforts in this segment, where therapies are advancing the fastest, notably involve investments in R&D which weigh on profitability. Sanofi therefore announced a drop in its earnings per share in 2024 and the abandonment of its objective of an operating margin of 32% in 2025. Merck has just unveiled a new alliance. It will pay up to $22 billion to the Japanese group Daiichi Sankyo as part of a partnership on experimental cancer treatments. While some experts estimate that the United States represents nearly half of global oncology spending (drugs and treatments), or $196 billion in 2022, Chinese spending in this area has more than doubled in five years, going from 5 to 11.8 billion dollars.