Healthcare: A Breach of Trust? Why The FDA's Taking Aim At Novartis' AveXis
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 14 August 2019
⏱️ 24 minutes
🧾️ Download transcript
Summary
The FDA is investigating Novartis' subsidiary AveXis because AveXis may have manipulated data on Zolgensma, a gene therapy with a sky-high price tag and blockbuster potential. Here's what could happen next. Also, Exact Sciences goes all in on cancer diagnostics. Why the Cologuard-maker is spending $2.7 billion in a push deeper into genetic testing.
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| 0:00.0 | Thanks to LinkedIn for supporting industry focus. |
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| 0:17.0 | Welcome to Industry Focus, the show that dives into a different sector of the stock market every single day. |
| 0:24.7 | Today is Wednesday, August the 14th and we're talking health care. |
| 0:28.8 | I'm your host Shannon Jones and I am joined via Skype by health care guru Todd Campbell Todd how's it going |
| 0:35.2 | Good I'm really excited to talk about some really high profile interesting stories here |
| 0:40.9 | that I'm sure our listeners are just going to absolutely be enthralled with, right? |
| 0:46.5 | And it's not just these stories because Todd, I mean when you look back over the past week, |
| 0:51.3 | the news across the biotech space has just been massive. |
| 0:55.4 | So many things happening. |
| 0:56.8 | Of course, most I think are snafu's more of the negative sort. |
| 1:00.8 | But I think with today's show, I'm excited because we've kind of |
| 1:03.7 | sifted through many of the major headlines that are going on right now to the two |
| 1:08.2 | biggest stories that I think investors need to focus on so we've got to first up, Novartis, once again making the |
| 1:15.9 | scandals headlines, unfortunately for them. And then we'll also dive into MNA on the cancer diagnostics front. Todd, let's just kick it off with Novartis. |
| 1:28.4 | This is a gene therapy story we've been following really closely, especially leading up to the approval of their landmark gene therapy drug. |
| 1:35.8 | Of course, Novartis is ticker symbol, NVS. |
| 1:39.7 | And this is in relation to Novartis and Vexus and their drug that was approved back in May. |
| 1:47.0 | First gene therapy approved for a very rare but serious genetic condition. |
| 1:52.4 | We've learned that basically the data supporting the |
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