TechCrunch : 23andMe confirms hackers stole ancestry data on 6.9 million users

23andMe confirms hackers stole ancestry data on 6.9 million users

On Friday, genetic testing company 23andMe announced that hackers accessed the personal data of 0.1% of customers, or about 14,000 individuals. The company also said that by accessing those accounts, hackers were also able to access “a significant number of files containing profile information about other users’ ancestry.” But 23andMe would not say how many “other users” were impacted by the breach that the company initially disclosed in early October.

As it turns out, there were a lot of “other users” who were victims of this data breach: 6.9 million affected individuals in total.

In an email sent to TechCrunch late on Saturday, 23andMe spokesperson Katie Watson confirmed that hackers accessed the personal information of about 5.5 million people who opted-in to 23andMe’s DNA Relatives feature, which allows customers to automatically share some of their data with others. The stolen data included the person’s name, birth year, relationship labels, the percentage of DNA shared with relatives, ancestry reports and self-reported location.

23andMe also confirmed that another group of about 1.4 million people who opted-in to DNA Relatives also “had their Family Tree profile information accessed,” which includes display names, relationship labels, birth year, self-reported location and whether the user decided to share their information, the spokesperson said. (23andMe declared part of its email as “on background,” which requires that both parties agree to the terms in advance. TechCrunch is printing the reply as we were given no opportunity to reject the terms.)

It is also not known why 23andMe did not share these numbers in its disclosure on Friday.

Considering the new numbers, in reality, the data breach is known to affect roughly half of 23andMe’s total reported 14 million customers.

In early October, a hacker claimed to have stolen the DNA information of 23andMe users in a post on a well-known hacking forum. As proof of the breach, the hacker published the alleged data of one million users of Jewish Ashkenazi descent and 100,000 Chinese users, asking would-be buyers for $1 to $10 for the data per individual account. Two weeks later, the same hacker advertised the alleged records of another four million people on the same hacking forum.

TechCrunch found that another hacker on a separate hacking forum had already advertised a batch of allegedly stolen 23andMe customer data two months before the widely reported advertisement.

When we analyzed the months-old leaked data, TechCrunch found that some records matched genetic data published online by hobbyists and genealogists. The two sets of information were formatted differently, but contained some of the same unique user and generic data, suggesting the data leaked by the hacker was at least in part authentic 23andMe customer data.

In disclosing the incident in October, 23andMe said the data breach was caused by customers reusing passwords, which allowed hackers to brute-force the victims’ accounts by using publicly known passwords released in other companies’ data breaches.

Because of the way that the DNA Relatives feature matches users with their relatives, by hacking into one individual account, the hackers were able to see the personal data of both the account holder as well as their relatives, which magnified the total number of 23andMe victims.

>>> G-III Apparel beats by $0.72, misses on revs; guides FY24 EPS above consensu

G-III Apparel beats by $0.72, misses on revs; guides FY24 EPS above consensus, revs below consensus
  • Reports Q3 (Oct) earnings of $2.78 per share, excluding non-recurring items, $0.72 better than the FactSet Consensus of $2.06; revenues fell 0.8% year/year to $1.07 bln vs the $1.13 bln FactSet Consensus.
  • Co issues mixed guidance for FY24, sees EPS of $3.90-$4.00, up from prior guidance, vs. $3.24 FactSet Consensus; sees FY24 revs of $3.15 bln vs. $3.3 bln FactSet Consensus.
  • G-III announced today that it has appointed Dana Perlman as its new Chief Growth and Operations Officer, effective January 8, 2024.

FT : Norway’s parliament backs deep-sea mining plans

Norway’s parliament backs deep-sea mining plans
Environmentalists warn move to extract minerals needed for green industries risks damaging fragile ecosystems

Norway has secured a parliamentary majority for its plans to open up for deep-sea mining despite opposition from environmentalists and the fishing industry, who warn the move risks further damage to fragile oceans.

The country’s minority centre-left government on Tuesday said it had won the support of the two main opposition centre-right parties for deep-sea mining exploration but that there would be tough environmental criteria to proceed with any extraction.

“The renewable green industries run on minerals. This is an important contribution internationally,” said Bård Ludvig Thorheim, an MP from the main opposition Conservatives.

But the decision by Norway, western Europe’s largest petroleum producer, drew fierce criticism from environmentalists as the Nordic country aims to become the first in the world to conduct deep-sea mining on a commercial scale.

“This is the biggest disgrace in Norway’s management of the oceans in modern times, and the final nail in the coffin for Norway’s reputation as a responsible maritime nation,” said Karoline Andaur, chief executive of wildlife campaign group WWF Norway.

Oslo’s plans could also generate geopolitical tensions. The area it proposes to open up to exploration, in the Barents Sea and Greenland Sea, is close to Svalbard, the Norwegian archipelago in the Arctic. Norway believes it has exclusive mining rights off the Arctic islands, a position disputed by Russia, the EU and UK.


Sea beds in Norway and elsewhere are thought to contain vast deposits of minerals needed for electric batteries, wind turbines and other green industries, including copper, cobalt and rare earth metals such as neodymium and dysprosium.

But the plans are deeply controversial, with companies such as Google, BMW, Samsung and Volvo Group signing a WWF call for a stop to deep-sea mining. Environmentalists say that the consequences of extraction on the seabed are unknown but are likely to damage fragile marine ecosystems.

Greenpeace released a video late last week showing deep-sea miners using hoses to target activists who were trying to stop exploration in the Pacific Ocean between Mexico and Hawaii. The Metals Company, the group behind the exploration, said the environmental campaign organisation was attempting to decide the fate of deep-sea mining instead of allowing evidence to be gathered on its environmental impact.

Miners operating in other countries, including China, Papua New Guinea, the Cook Islands, Japan and New Zealand, have been looking at how to extract metals from coastal waters.

Norway plans to open up about 280,000 sq km — an area just smaller than Italy — for exploration. Any extraction would take place only with parliamentary approval, similar to the country’s regime for oil and gas.

The government has presented the proposal as a “responsible and sustainable” attempt to extract crucial minerals to reduce reliance on China in the supply chain of many green industries.

Norway’s own environment agency has opposed the plans because of “significant and irreversible consequences for the marine environment”, while the UK and Norwegian fishing industries have criticised the idea.

But the proposal was welcomed by Norway's offshore oil and gas industry, which said that deep-sea mining could provide alternative jobs as petroleum activities wind down.

>>> Signet Jewelers beats by $0.06, reports revs in-line; guides Q4 revs in-line

Signet Jewelers beats by $0.06, reports revs in-line; guides Q4 revs in-line; guides FY24 EPS in-line
  • Reports Q3 (Oct) earnings of $0.24 per share, $0.06 better than the FactSet Consensus of $0.18; revenues fell 12.1% year/year to $1.39 bln vs the $1.39 bln FactSet Consensus.
    • Q3 Same store sales down 11.8% to Q3 of FY23.
  • Co issues in-line guidance for Q4, sees Q4 revs of $2.40-2.60 bln vs. $2.55 bln FactSet Consensus.
  • Co issues in-line guidance for FY24, sees EPS of $9.55-10.18 vs. $9.81 FactSet Consensus.

Business Of Fashion : L’Oréal Acquires Probiotic Research Company Lactobio

L’Oréal Acquires Probiotic Research Company Lactobio
The conglomerate taps into the skin care industry’s growing obsession with the microbiome.

L’Oréal is betting on microbiome skin care with the acquisition of Copenhagen-based probiotic research company Lactobio.

The acquisition, announced on Dec. 4, will allow L’Oréal to build upon its microbiome research, which the company says it has been conducting for 20 years. It will utilise Lactobio probiotic and postbiotic ingredients to develop topical products with benefits for skin and hair, according to the company.

Founded in 2017, Lactobio creates probiotic and postbiotic private-label skin-care ingredients. It also operates its own probiotic skin-care brand Bak.

>>> U Early premarket gappers

Early premarket gappers
  • Gapping up:
    • GTLB +14.4%, TVTX +12.7%, VNDA +7%, OPAL +6.5%, NIO +3.3%, IDT +2.8%, CVS +2.4%, ERIC +2.1%, LOCO +2%, HI +1.9%, BKE +1.8%, HOOD +1.6%, WULF +1.3%, EPRT +1.1%, CD +0.9%, FLR +0.9%, CRSP +0.7%, PFE +0.7%
  • Gapping down:
    • DBI -21.9%, ATHE -21%, SWTX -7.7%, NOK -7.3%, IAS -5.8%, MMSI -3.8%, ATAT -2.8%, MNSO -2.5%, LSTR -2%, RLX -1.4%, VALE -1.4%, KEY -1.4%, TSLA -1.1%, FENC -1.1%, RIO -0.7%

>>> Roche Hldg unit Genentech Announces Positive Phase III Results for Inavolisi

Roche Hldg unit Genentech Announces Positive Phase III Results for Inavolisib Combination in People With Advanced Hormone Receptor-Positive, HER2-Negative Breast Cancer With a PIK3CA Mutation
-- Phase III (INAVO120) results shows that inavolisib in combination with palbociclib and fulvestrant significantly improved progression-free survival in the first-line setting --






– Phase III (INAVO120) results shows that inavolisib in combination with palbociclib and fulvestrant significantly improved progression-free survival in the first-line setting –
– PIK3CA mutations, found in approximately 40% of HR-positive breast cancers, are linked to tumor growth, disease progression, and treatment resistance –
– Data will be shared with health authorities and presented at an upcoming medical meeting –
Genentech Announces Positive Phase III Results for Inavolisib Combination in People With Advanced Hormone Receptor-Positive, HER2-Negative Breast Cancer With a PIK3CA Mutation
Media Contact:
Nicole Burkart
(650) 467-6800
Advocacy Contact:
Lauren Davis
(650) 745-5210
Investor Contacts:
Loren Kalm
(650) 225-3217
Bruno Eschli
+41616875284
Genentech, a member of the Roche Group (SIX: RO, ROG; OTCQX: RHHBY), announced today positive results from the Phase III INAVO120 study of the investigational therapy, inavolisib, in combination with palbociclib (Ibrance®) and fulvestrant as a potential first-line treatment option for people with PIK3CA-mutated, hormone receptor (HR)-positive, HER2-negative, endocrine-resistant, locally advanced or metastatic breast cancer. The study met its primary endpoint of progression-free survival (PFS), demonstrating a statistically significant and clinically meaningful improvement compared to palbociclib and fulvestrant alone. Overall survival data were immature at this time, but a clear positive trend has been observed. Follow-up will continue to the next analysis.
“These pivotal study results for this inavolisib combination represent a transformative medical advance for people with PIK3CA-mutated HR-positive breast cancer,” said Levi Garraway, M.D., Ph.D., Genentech’s chief medical officer and head of Global Product Development. “We are excited about the opportunity to expand our portfolio of breast cancer medicines into the HR-positive space and bring this potentially best-in-class new treatment option to patients as quickly as possible.”
The inavolisib combination was well tolerated and adverse events were consistent with the known safety profiles of the individual study treatments, with no new safety signals observed.
Inavolisib is an oral therapy with high in vitro potency and selectivity for PI3Kα inhibition and the ability to specifically trigger the breakdown of mutant PI3Kα protein. With this unique dual mechanism of action, inavolisib may provide well-tolerated, durable disease control and potentially improved outcomes for people with HR-positive/HER2-negative, PIK3CA-mutated advanced breast cancer. PIK3CA mutations can lead to mutated PI3Kα protein which contributes to uncontrolled tumor growth, disease progression and resistance to endocrine-based treatment.
Inavolisib is currently being investigated in three Phase III clinical studies in people with PIK3CA-mutated metastatic breast cancer (INAVO120, INAVO121, INAVO122) in various combinations.
About the INAVO120 Study
The INAVO120 study [NCT04191499] is a Phase III, randomized, double-blind, placebo-controlled study evaluating the efficacy and safety of inavolisib in combination with palbociclib and fulvestrant versus placebo plus palbociclib and fulvestrant in people with PIK3CA-mutated, hormone receptor (HR)-positive, HER2-negative, locally advanced or metastatic breast cancer whose disease progressed during treatment or within 12 months of completing adjuvant endocrine therapy and who have not received prior systemic therapy for metastatic disease.
The study included 325 patients, who were randomly assigned to either the investigational or control treatment arm. The primary endpoint is progression-free survival, as assessed by investigators, defined as the time from randomization in the clinical trial to the time when the disease progresses, or a patient dies from any cause. Secondary endpoints include overall survival, objective response rate, and clinical benefit rate.
About Hormone Receptor-Positive Breast Cancer
Hormone receptor (HR)-positive breast cancer is the most prevalent type of all breast cancers. A defining feature of HR-positive breast cancer is that its tumor cells have receptors that attach to one or both hormones – estrogen or progesterone – which can contribute to tumor growth. People diagnosed with HR-positive metastatic breast cancer often face the risk of disease progression and treatment side effects, creating a need for additional treatment options. The PI3K signaling pathway is commonly dysregulated in HR-positive breast cancer, often due to activating PIK3CA mutations, which have been identified as a potential mechanism for resistance to endocrine therapy and CDK4/6 inhibitors.
About Genentech in Breast Cancer
Genentech has been advancing breast cancer research for more than 30 years with the goal of helping as many people with the disease as possible. Our medicines, along with companion diagnostic tests, have substantially improved outcomes for HER2-positive breast cancer. As our understanding of breast cancer biology rapidly improves, we are working to identify new biomarkers and approaches to treatment for other subtypes of the disease, including estrogen receptor-positive breast cancer, which is a form of hormone receptor-positive breast cancer, the most prevalent type of all breast cancers.
About Genentech
Founded more than 40 years ago, Genentech is a leading biotechnology company that discovers, develops, manufactures and commercializes medicines to treat patients with serious and life-threatening medical conditions. The company, a member of the Roche Group, has headquarters in South San Francisco, California. For additional information about the company, please visit http://www.gene.com.
All trademarks used or mentioned in this release are protected by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231204664433/en/

WSJ : The Bombshell Rumor Gripping Professional Golf

The Bombshell Rumor Gripping Professional Golf
Whispers about world No. 3 Jon Rahm joining the Saudi-backed LIV Golf have become the talk of the sport—ahead of a quickly approaching deadline for a deal with the PGA Tour

Jordan Spieth is a three-time major champion, a newly minted member of the PGA Tour’s board and just spent his weekend on the course with many of the world’s top players. But even he seemed to be totally in the dark about the potential bombshell gripping the world of golf.

Is Jon Rahm about to bolt from the PGA Tour for the Saudi-backed LIV Golf?

“I know he’s maybe weighing some decisions, maybe not,” Spieth said. “I really don’t know, so I don’t want to insult him and say he’s weighing decisions if he already knows he’s not or he is.”

One thing Spieth clearly understood was the stakes involved in any move by the world’s No. 3-ranked golfer. “Jon Rahm,” he said, “is one of the biggest assets that we have on the PGA Tour.”

Speculation over the future of a notoriously temperamental Spaniard and Ryder Cup hero is the subject of feverish gossip across two circuits because it’s really speculation about the future of the entire sport: LIV would be stealing one of the biggest global golf stars just ahead of a rapidly approaching Dec. 31 deadline for its Saudi backers to join forces with their former sworn rivals—and Rahm’s current bosses—at the PGA Tour.

While LIV pilfering a marquee Tour player might not violate the letter of the agreement between the two sides, which initially included an anti-poaching clause that was later tabled over antitrust concerns, it would most definitely upend the dynamics of their tentative truce.

Rahm hasn’t commented on the latest rumors, and his agent didn’t respond to a request for comment. But LIV adding the reigning Masters champion to its roster, for what would likely be an enormous sum of money, would represent a coup on numerous levels: Rahm is the world’s No. 3 golfer. He would be backtracking on his previous opposition to LIV’s format. And it would undermine the many forecasts of LIV’s demise after the Saudi Public Investment Fund stunningly cut a deal with the Tour. By signing Rahm, LIV would be doing more than running on fumes—it would be stepping on the accelerator.

“LIV Golf is moving full steam ahead and remains as committed as ever to its mission to enhance the game of golf for both players and fans through a franchise model that is quickly becoming the norm,” said LIV Golf spokesman Doug Mayer. “The 2024 season will feature world class golfers in elite team and individual competition at courses all over the globe—showcasing a new and fresh style of professional golf.”

At the same time, it’s equally possible that the smoke around Rahm is coming from the charged negotiations between PIF, the Tour and Europe’s DP World Tour—and not from Rahm’s actual intention to make a surprise pivot. In that way, the hubbub about Rahm reflects the ongoing talks that will shape the industry: there’s tension, uncertainty and nobody is quite sure how all of this will shake out.

Rahm, in the past, had not been subtle about his loyalties. In February of 2022, he bluntly stated: “I am officially declaring, let’s say, my fealty to the PGA Tour.”

Then again, other top players like Dustin Johnson have said something similar—only to join LIV anyway. Rahm also has a longstanding relationship with LIV team captain Phil Mickelson, whose brother Tim coached Rahm in college at Arizona State.

Still, later in 2022, Rahm expanded on his lack of interest in joining LIV. He dubbed its format, which features shotgun starts for three-day events without a cut, unappealing and “not a golf tournament.” He said he wanted to play against the best competition and touted the PGA Tour’s history. He even put a hypothetical price tag on the proposition, saying a $400 million offer wouldn’t change his life.

“I’ve never really played the game of golf for monetary reasons,” he said. “My heart is with the PGA Tour.”

Still, he’s precisely the type of player who would be a paradigm-changer for LIV. Rahm, 29 years old, would add to the growing number of stars the Saudi-backed league has gobbled up since the circuit first teed off in 2022. While many of the early defectors were older—like Rahm’s countryman Sergio Garcia—or out of form, Rahm would be only the second player ranked in the world’s top-five to join the upstart. Australian Cameron Smith was ranked No. 2 when he signed on last year.

It’s also possible to detect a public softening in Rahm’s stance since June’s deal. That month he said he was thankful to the PGA Tour “no matter what happens” and that he would have to “adapt to the situation” and “make some decisions.” Rahm continued to brush off speculation about a move to LIV, however. In July, he told a Spanish podcast that the rumors made him laugh and that a switch to LIV still didn’t appeal to him.

Another of Rahm’s recent moves ramped up the intrigue still further. Rahm pulled out of the new virtual golf league, TGL, started by Tiger Woods and Rory McIlroy before its inaugural eason was postponed because the venue’s roof collapsed. The venture is aligned with the PGA Tour and was launched as a counterpunch to LIV and conceived as an additional way to line the pockets of big-name players who stuck with the establishment body.

Just like everything else in this frenzy, that was subject to multiple interpretations. To some, it was a sign of Rahm wavering. But the Arizona-based Rahm explained that the Florida-based upstart was simply too big of a time commitment.

“It’s quite a bit of extra hours of flight, quite a bit of extra time of being away from home,” Rahm said in November.

The timing of Rahm’s potential departure is curious beyond its proximity to the deadline for a definitive agreement between the PGA Tour and PIF. Because he won at Augusta National in April, he doesn’t have to worry about getting into the majors in the coming years even if his world ranking slips—and his green jacket means he’s set at the Masters for life.

It’s also possible that if Rahm were to actually join LIV, he would get something that hasn’t been afforded to anyone else over the last two years: a pathway to also playing on the PGA Tour. One of the negotiating points between the players, the Tour and PIF has been whether there’s a fair way to reintegrate those who quit the Tour to return in some form.

It’s seemingly a mystery even to one of the players’ lead negotiators whether Rahm plays with LIV next season, or if the question is even up for debate. Asked last week at the Bahamas tournament he hosts if he was surprised by speculation about players signing for LIV, Tiger Woods had a follow-up question.

Woods needed to clarify what was supposed to be surprising:

“The chatter, or people leaving?”

WSJ : He Designed Drugs to Save His Children. Now He’s Working to Save Biotech,

He Designed Drugs to Save His Children. Now He’s Working to Save Biotech, Too.
John Crowley will become a top lobbyist for the industry as it confronts investor skepticism and regulatory challenges

John Crowley burst into the back hallway of a Cheesecake Factory in New Jersey where his daughter Megan and her nurse had just finished lunch.

Megan, 26, was lying unconscious on the tile floor next to her wheelchair. She was grayish, her lips purple. Nearly a quarter-century after plunging into biotech to find drugs to save Megan and her younger brother, Patrick, from a rare and deadly genetic disease, Crowley feared the battle had suddenly been lost.

A police officer performed CPR and got Megan’s pulse back. Crowley grabbed a manual breathing bag and started giving Megan air the way he knew works best for her.

A day later, Megan was home recovering from her most life-threatening emergency since she had pneumonia as a baby. The scare jolted Crowley toward a realization: As far as rare-disease drugs have come, they need to be much better. He resolved to devote the next act of his career to saving not just his children but the biotech industry.

“There is massive unmet need, and the whole ecosystem just isn’t coming together,” said Crowley, 56, executive chairman of Amicus Therapeutics FOLD -1.07%decrease; red down pointing triangle. He helped develop two drugs to treat Megan, Patrick and others with Pompe disease, which causes heart and skeletal muscles to waste away. The Food and Drug Administration approved the second drug in September.

Crowley will take on his biggest role yet in March, when he becomes chief executive officer of Biotechnology Innovation Organization, a powerful trade group whose members are mostly small health-focused companies. Crowley will succeed Rachel King, who has served as interim CEO since Dr. Michelle McMurry-Heath resigned after disagreements with some BIO board members.

Board members had just met in Washington, D.C., in October and interviewed candidates for permanent CEO when Crowley, the board’s vice chair, broached the idea of applying for the job. It was three days after Megan’s collapse and a day after meeting with patients and advocates at a conference held by BIO.

“I used to say I have two hats. I have my biotech CEO or entrepreneur hat, and I have my dad hat,” Crowley had told attendees of the conference at a Washington hotel. “And then I realized it’s really just one great big hat.”

BIO’s board chair, Dr. Ted Love, said Crowley stood out for his experience as a biotech CEO as well as the breadth of his connections with lawmakers, executives and patients. “John is a guy who can help us change the narrative about the industry,” Love said.

The Wall Street Journal chronicled the early years of Crowley’s work on the first drug, which he credits with fixing his children’s hearts, the most life-threatening aspect of the disease. Reporter Geeta Anand expanded on her stories in a book, “The Cure,” that inspired the 2010 movie “Extraordinary Measures” starring Brendan Fraser as Crowley, Keri Russell as his wife, Aileen Crowley, and Harrison Ford as a researcher Crowley worked with.

Science behind treating and curing diseases is more promising than ever, Crowley said. But political problems, regulatory requirements, instances of exploitative pricing in biotech and middlemen adding further costs are getting in the way of more medical advances.

“We need to get back the magic of biotechnology,” he said.

A slump in biotech stock prices and planned changes in what the government pays for some drugs have hurt companies’ ability to raise money for research and development. Crowley said his mission will be to “prevent bad laws and promote good laws and policies.”

He said he would advocate for patients to get drugs they need and for lower out-of-pocket costs and other policies to ensure universal access and make drugs affordable.

“We’ve got to put patients at the center,” he said.

He will push for less bureaucratic and more flexible processes for approving drugs. And he is pressing for technical fixes to drug-price controls included in the Biden administration’s Inflation Reduction Act. Pharmaceutical companies say parts of the law discourage investment in the types of drug that often come in pill form and make up about 90% of pharmaceuticals.

While drugs for rare diseases are exempt from price negotiation under the act, the exemption is removed if a drug is approved for more than one indication. Companies often try to get more than one indication for a rare-disease drug to find a wider market and reach more patients.

He also wants to distance the industry from companies that have given biotech a bad name by charging exorbitant prices for drugs that they didn’t invest in developing, he said.

“We need to call out the bad actors,” he said.

Crowley built two biotech companies nearly from scratch, fighting his way through scientific setbacks, regulatory challenges and skepticism from investors. He had to balance the needs of his children and other patients and the interests of investors.

“I had to suffer my way to some measure of wisdom, and hopefully I can impart that,” he said.

Amicus, where Crowley was CEO from 2005-2022, has a chief patient advocate, prices drugs at or below similar approved products and urges payers to ensure patients can get them. It also limits annual price increases on its drugs and provides them to patients in its clinical trials for life, whether or not it gets paid, Crowley said.

Crowley makes the industry’s case for reaping profits—though not outlandish ones—for drugs it develops. Companies invest billions in drugs that don’t work out, he said. Biotech companies should also make it easier for generic manufacturers to make versions of their drugs once patent protections have ended, he said.

“Nobody should go one day without the medicine they need because they simply can’t pay,” Crowley told attendees of the recent conference in Washington. He asked them to “be our conscience” and let BIO know about companies not acting in the interests of patients.

Crowley said a priority for him will be helping the FDA make drug reviews smoother and faster. “They need to think about every drug and every disease individually, and pull out all the tools they have,” he said of the agency, which he said needs more resources.

For life-threatening diseases with no approved drug, regulators should use creative trial designs that avoid placebo groups and make use of real-world evidence of safety and effectiveness, he said. He sees valuable lessons in the race to design and approve Covid-19 vaccines.

“They didn’t lower the bar and they made sure the vaccines were safe and effective. But they did things in very creative ways,” he said.

An FDA spokesperson said that “drugs must undergo a rigorous evaluation of safety, quality and effectiveness before they can be approved.”

The agency also recognizes the differences in the way different drugs are developed, the spokesperson said. “The FDA does not have a ‘one size fits all’ approach, but in weighing the approvability decision considers characteristics of each application such as the seriousness of the disease targeted, the unmet medical need, as well as the proposed indicated population size,” the spokesperson said.

Having survived childhood, Megan and Patrick are in uncharted territory. Doctors and family members can’t anticipate the health threats they might face, Crowley said.

“We can’t ever get comfortable—not until the day there’s a cure,” he said.

Megan said she is feeling better than ever after her October incident. She said she knew when her dad stepped down as Amicus CEO in August 2022 that he would seek a new challenge.

“My first thought was, ‘No way he can sit still long enough, he’ll be annoying us in no time,’ ” she said. “I knew he was itching for another opportunity, a bigger, more important opportunity.”

FT : Ericsson boosted by $14bn ‘open RAN’ deal with AT&T

Ericsson boosted by $14bn ‘open RAN’ deal with AT&T
Swedish group triumphs over rival Nokia by being selected to help US giant roll out new kind of 5G network

Ericsson has scored a significant victory over rival Nokia after US giant AT&T selected the Swedish group for the rollout of a new kind of 5G network, in a deal that will shake up the equipment supply chain in the world’s biggest telecoms market.

AT&T announced a tie-up that it said could be worth up to $14bn to develop “open RAN” networks — that allows them to chop and change components and use a wider variety of companies — with kit from Ericsson, as well as Japan’s Fujitsu. The Dallas-headquartered company wants 70 per cent of its wireless network traffic to flow across what it terms “open-capable platforms” by late 2026.

The news, announced late on Monday, pushed shares in Ericsson up more than 9 per cent on Tuesday morning while Nokia’s fell almost 9 per cent.

Traditional mobile networks rely on radio access equipment that tightly bundles proprietary hardware with software provided by the biggest groups while open RAN systems allow networks to use different companies for different parts.

It was intended to boost competitiveness by helping access for smaller companies but Ericsson has emerged as one of the dominant suppliers.

Analysts at Citi said the move was “a significant announcement, for Ericsson, AT&T, Nokia and the industry”.

“The mobile industry’s move towards open interfaces between key elements of infrastructure, namely open RAN, has been a halting one . . . until now!” they said. “We view this announcement as a clear positive for Ericsson, as it becomes the first truly global vendor to deploy open RAN with a major operator into an existing network.”

Although there have been efforts to roll out open RAN technology elsewhere, they added the deal was particularly significant as the US is the biggest market for telecom equipment and AT&T the largest spender within it.

Nokia warned the move would delay its plan to reach double-digit operating margins in its mobile networks division by up to two years and that revenue from AT&T, which accounts for 5 to 8 per cent of its net sales for this segment, would decrease in this period.

However, the Finnish group added its cost-cutting programme was expected to “partially mitigate” the impact of the US company’s decision. The telecoms equipment maker in October announced it would cut up to 14,000 jobs as part of a target to save up to €1.2bn by 2026.

Its third-quarter sales fell by a fifth to €5bn, with higher interest rates and slower global growth prompting its customers to retrench, the company said at the time.

AT&T said the move would “help build a more robust ecosystem of network infrastructure providers and suppliers”. The group, which is in the midst of a restructuring, said increased competition would lead to more innovation and help lower network costs.