Juul gets hit with FDA warning over vaping safety claims. The e-cig safety saga isn't abating anytime soon. On Monday, the Food and Drug Administration (FDA) warned vaping giant JUUL to stop marketing its vaping products as, ostensibly, safer than other nicotine products currently available on the market. "E-cigarettes may be safer than traditional tobacco, but their producers must demonstrate evidence of this to FDA before making such a claim," said acting FDA chief Ned Sharpless in a statement.
Novartis vows to reform its data integrity measures. Novartis has a data integrity problem following a scandal over its $2.1 million gene therapy. Now, the Swiss drug giant is trying to fix the issue at hand, asserting it will provide voluntary data notifications to the FDA ahead of time. "We are making a voluntary commitment to notify the FDA within five business days of receipt by our quality (control) organisation of any credible allegation related to data integrity impacting any pending application in the Novartis Group," said CEO Vas Narasimhan in a conference call.
Acadia Pharma shares soar on dementia drug data. Acadia Pharma stock rose more than 63% in Monday trading after the company announced unexpectedly positive clinical trial results for a dementia drug. The late-stage study of pimavanserin, meant to treat dementia-related psychosis, reportedly bested placebo in the late-stage study (though we don't know the exact data at this point). Stay tuned, though—dementia and mental health drugs have a long history of false starts and disappointments.
The Support of Her Company
How a company supports employees through the pivotal moments in their lives matters. ThriveXMIndex focuses on five key experiences (Career, Family, Health, Financial, and Time). Here, SAP SuccessFactors CMO Kirsten Allegri Williams shares how she reintegrated back to work after beating cancer: Watch the video.
THE BIG PICTURE
WHO: 1 person dies by suicide every 40 seconds. The World Health Organization (WHO) confirms reports from a number of other pubic health agencies: Suicides are claiming more and more young lives. In fact, according to the WHO, one person dies by suicide every 40 seconds—some 800,000 people every year. "Suicide is a global public health issue. All ages, sexes and regions of the world are affected," said the agency. (Reuters)
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Why Investment Banking Revenues Have Plunged to 13-Year Lows, by Rey Mashayekhi
What Happens When Hype Meets Reality, by Polina Marinova
Adapting to Climate Change, by Alan Murray
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