CMS decision is ‘back-door government medical rationing’
March 6, 2023
The Wall Street Journal Editorial Board weighs in on the recent CMS announcement regarding coverage of breakthrough Alzheimer’s drugs, and a new report on the rise in plastic pollution shows the need for biotech solutions. (643 words, 3 minutes, 12 seconds)
The only newsletter at the intersection of biotech, politics, and policy
March 6, 2023
The Wall Street Journal Editorial Board weighs in on the recent CMS announcement regarding coverage of breakthrough Alzheimer’s drugs, and a new report on the rise in plastic pollution shows the need for biotech solutions. (643 words, 3 minutes, 12 seconds)
CMS Alzheimer’s decision is ‘back-door government medical rationing’
“This is back-door government medical rationing,” says the Wall Street Journal Ed Board. “To justify its restrictions, CMS claimed that no large randomized controlled trial on anti-amyloid treatments had shown a ‘clear (non-conflicting) improved health outcome’ and that it could reconsider its position if one does. Well, now one has, yet CMS refuses to budge.”
The big picture: “Medicare rationing won’t stop at Alzheimer’s treatments. CMS last month proposed reducing payments for other drugs that win FDA accelerated approval in the future. These would likely include cancer therapies that shrink tumors in early trials, but whose survival benefits require more time to bear out,” concludes the WSJ Ed Board.
Flagship Pioneering: Flagship Pioneering Named to Fast Company’s Annual List of the World’s Most Innovative Companies for 2023 “Flagship Pioneering, the bioplatform innovation company, has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2023, ranking as the #5 most innovative company in North America…Many of the bioplatform companies Flagship has founded have invented entirely new modalities or therapeutic approaches, bred new plants, or introduced novel agricultural methods for measuring and rewarding carbon capture.”
Only 9% of plastic is recycled – but biotech has solutions
The key finding: Global plastic waste doubled from 2000 to 2019, with 50% ending up in landfill, 19% incinerated, and just 9% recycled, says the OECD.
What’s the source? While most pollution comes from macroplastics, “leakage of microplastics (synthetic polymers smaller than 5 mm in diameter) from things like industrial plastic pellets, synthetic textiles, road markings, and tyre wear are also a serious concern,” explains the OECD.
What should we do? “Reducing pollution from plastics will require action, and international co-operation, to reduce plastic production, including through innovation, better product design and developing environmentally friendly alternatives, as well as efforts to improve waste management and increase recycling,” concludes the report.
Geno (formerly Genomatica) produced a plant-based version of the chemical raw material HMDA, which makes materials ranging from nylon to coatings and adhesives.
Virent makes biodegradable or compostable “drop-in” plastics from recycled carbon or crop waste.
LanzaTech is capturing carbon from industrial emissions and fermenting it to make a raw material used by athletic clothing company lululemon.
Listen: Last year, an episode of the I am BIO Podcast explored biotech solutions to the microplastic problem—from microorganisms to art.
The first mainland Chinese scientist and the first Chinese woman to win a Nobel Prize, pharmaceutical chemist Tu Youyou discovered a treatment in the 1970s, artemisinin, for malaria, based on her study of traditional Chinese medicine.
President Biden’s Monday: Speaking at the International Association of Fire Fighters Legislative Conference in D.C.
What’s Happening on Capitol Hill: House Republicans are getting ready to bring their first major agenda item—“a marquee energy package”—to the House floor, with a goal of passage at the end of the month, reports POLITICO. Later this week, former CDC Director Dr. Robert Redfield will testify before a House Oversight Committee hearing on the origins of COVID-19.
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