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Tuesday, May 6, 2025

HHS unveils $500M universal vaccine initiative, calls Biden-era COVID vax accelerator 'wasteful'

 The U.S. government is putting down $500 million toward the development of a “universal” vaccine—a shot designed to protect against multiple strains of a pandemic-prone virus at once. The concept is one scientists have chased for decades to no avail and represents a shift away from the government prioritizing next-gen COVID-19 vaccines.

The program—dubbed “Generation Gold Standard”—comes from in-house efforts at the National Institutes for Health (NIH), according to a May 1 release from the Department of Health and Human Services (HHS).

The HHS did not publicly state how much money was being channeled into the program, though a spokesperson confirmed the the $500 million figure that was initially reported by The Wall Street Journal.

The move comes amid mass cuts at the agency, such as terminated NIH research grants and a workforce reduction designed to impact nearly 20,000 HHS staffers. A document leaked last month revealed unofficial plans from President Donald Trump’s administration to slash the NIH’s budget by about 40%, from $47 billion to $27 billion. 

Given that backdrop, the announcement is somewhat baffling. Past and current HHS officials who spoke to the WSJ under the condition of anonymity said they were surprised by the $500 million figure.

The new project’s funds will come from the Biomedical Advanced Research and Development Authority (BARDA), an HHS center designed to finance medical countermeasures against public health threats.

The initiative seeks to replace the Biden’s administration’s Project NextGen, a $5 billion effort to accelerate next-gen COVID-19 countermeasures to address waning immunity and resistance. In a statement, the HHS spokesperson said the Biden-era program was "wasteful" and "neglecting broader pandemic preparedness."

The new initiative centers around a beta-propiolactone (BPL)-inactivated, whole-virus platform and is championed by Matthew Memoli, M.D., the newly tapped principal deputy director for the NIH, and Jeffery Taubenberger, M.D., Ph.D., who became acting director of the National Institute of Allergy and Infectious Diseases last month.

"Developed entirely by government scientists—free from industry influence—the BPL vaccine platform could provide broad, long-lasting protection against all influenza viral pathogens, including influenza and coronaviruses, with the added potential to block transmission and stop outbreaks at the source," the HHS spokesperson told Fierce Biotech.

The Generation Gold Standard project includes research on a universal flu vaccine co-developed by Memoli, who argued against COVID-19 vaccination mandates and declined to be vaccinated in 2021, according to the WSJ.

Both Memoli and Taubenberger have contributed to science behind the candidate, dubbed BPL-1357. The asset is made up of four strains of noninfectious, chemically inactivated, avian flu virus and can be delivered by injection or nose inhalation.

The vaccine was found to be safe and well tolerated in a phase 1 study of 45 adults, with investigators recording mild side effects such as fever, headaches and pain at the injection site.

The HHS said the intranasal BPL-1357 version is currently being tested out in phase 1b and 2/3 trials, though there is no record of these studies on ClinicalTrials.gov. The candidate is on track for an FDA review by 2029, according to the release.

More clinical trials for other investigational universal influenza vaccines are scheduled to launch in 2026, according to the HHS.

Another candidate touted by the HHS, called BPL-24910, is also absent from the national trial registry. However, the HHS did shell out $716,374 in 2022 to a contractor called the Lovelace Biomedical Research Institute in New Mexico to run toxicology studies for the program.

The HHS claims that the BPL platform also holds potential for respiratory syncytial virus, metapneumovirus and parainfluenza.

The approach—creating vaccines from chemically inactivated whole viruses—stems all the way back to the 1940s.

This kind of vaccine can be produced quickly, which would lend itself to a pandemic context, Arnold Monto, M.D., co-director of the Center for Respiratory Virus Research and Response at the University of Michigan School of Public Health, told the WSJ.

The vaccines can also prompt a strong immune response from the body but are tied to more frequent mild side effects, especially in children, prompting the industry to largely drop the approach years ago.

“It isn’t a eureka moment in terms of approaches,” Monto told the WSJ. “It’s going back to the way certain vaccines were produced in the past.”

Other scientists have attempted to develop universal flu vaccines for years without finding success. Still, the HHS argues the new program “marks the future of vaccine development.”

“Generation Gold Standard is a paradigm shift,” NIH Director Jayanta Bhattacharya, M.D., Ph.D., said in the release. “It extends vaccine protection beyond strain-specific limits and prepares for flu viral threats—not just today’s, but tomorrow’s as well—using traditional vaccine technology brought into the 21st century.”

At the same time, the FDA is implementing "radical" changes to how it signs off on new vaccines, with new vaccines now expected to undergo safety testing in placebo-controlled trials prior to licensure. 

https://www.fiercebiotech.com/biotech/hhs-unveils-500m-universal-vaccine-initiative-calls-biden-era-covid-vax-accelerator

Bessent, Greer to meet with Chinese officials in Switzerland this week

 President Donald Trump's Treasury Secretary, Scott Bessent, and top trade official Jamieson Greer will meet with their Chinese counterparts in Switzerland this week, their offices said Tuesday.

The announcements signal a major step toward Washington and Beijing beginning negotiations amid an ongoing trade war.

Trump last month ratcheted up blanket tariffs on Chinese imports to 145% even as he scaled back his so-called reciprocal tariffs on almost all other trading partners. China has retaliated with steep tariffs on U.S. goods.

Both Bessent and Greer are set to meet with Swiss President Karin Ketter-Sutter during their visit, their offices said in separate press releases.

"While in Switzerland, Secretary Bessent will also meet with the lead representative on economic matters from the People's Republic of China," the statement from the U.S. Treasury Department said.

Greer "will also meet with his counterpart from the People's Republic of China to discuss trade matters" while in Geneva, his office said.

The Chinese Foreign Ministry announced later Tuesday that Vice Premier He Lifeng, Beijing's top official for China-U.S. economic and trade matters, will be meeting with Bessent in Switzerland, NBC News reported.

Stock futures, which opened in the red Tuesday evening, turned sharply higher immediately following news of the forthcoming meetings.

Trump said earlier Tuesday that China wants to meet, and that the U.S. will do so "at the right time."

"They want to negotiate and they want to have a meeting and we'll be meeting with them at the right time," Trump said at the White House during a meeting with Canadian Prime Minister Mark Carney.

https://www.msn.com/en-us/money/markets/trump-officials-to-meet-with-chinese-counterparts-on-trade-economic-matters/ar-AA1EhCZe

'Neom Adviser Warns Saudi Megacity Could Alter Weather Systems'

 Via Middle East Eye

A climate scientist working as an adviser on Saudi Arabia's Neom project has warned that the new city could change local environments and weather systems, including the path of wind and sand storms

The $500+ billion megacity - which organizers claim will be 33 times the size of New York City - is planned to include a 170km straight-line city, an eight-sided city that floats on water, and a ski resort with a folded vertical village, amongst other grandiose projects.

Donald Wuebbles, a researcher atmospheric physics and chemistry who advises Neom, told the Financial Times that he frequently raised concerns about how the project could impact the climate.


"Part of my concern was, what impact is The Line and those [projects] going to have on the local environment...  you start affecting the local weather and climate," said Wuebbles. 

He added that the potential damage could include things that have "not been studied enough", including changes to rain patterns and the amplification of wind and storms in desert areas. 

The megacity is being built in the Tabuk province of northwestern Saudi Arabia, much of which has a dry, desert climate. The Line is touted to include two mirrored buildings that are nearly 500 meters tall running along a portion of the straight-line city, according to designs uncovered in 2022.

Wuebbles said that other questions he raised included emissions from the use of cement and a slow transition away from combustion engine construction vehicles and machinery.

Neom budget cuts

Wuebbles, who is at the University of Illinois, said academics were commissioned by Neom to study his concerns, but that the findings were not shared with him. 

He said the sustainability advisory committee, which he sits on, was told during a recent meeting that the climate concerns were escalated to a "higher priority" since the abrupt departure of Nadhmi al-Nasr, the former chief of Neom. 

A second member of the advisory team, who wished to remain anonymous, affirmed to the FT the issues raised by Wuebbles. Neom said that it was a responsible development company and sustainability was one of its core priorities.

Last week, the CEO of Neom launched a “comprehensive review” of the project, in what appeared to be belt-tightening partly due to falling energy prices.

One person familiar with the review told the FT that the scope of several projects surrounding Neom was being reviewed due to "an environment of limited resources". As part of the review, the sustainability advisory committee's future is being reconsidered, according to Wuebbles. "The whole operation has been slowed down by six to 12 months," he said. 

The Saudi government has been accused of forcibly displacing members of the Howeitat tribe, who have lived for centuries in Tabuk province, to make way for the $500bn city. At least 47 members of the tribe were arrested or detained for resisting eviction. 

In April 2020, activist Abdul-Rahim al-Howeiti was shot dead by security forces shortly after making videos protesting against his eviction to make way for the megacity.

Last year, Middle East Eye reported that Saudi security officers were ordered to use lethal force to kill people who resisted eviction from areas earmarked for the city, according to a former Saudi intelligence officer. Senior executives leading the project have also been accused of racism, misogyny and corruption.

https://www.zerohedge.com/weather/neom-adviser-warns-saudi-megacity-could-alter-weather-systems

Trump administration cancels meeting with FDA workers union - report

The Trump administration cancelled a scheduled meeting with the largest labor union of U.S. FDA employees.

https://seekingalpha.com/news/4442326-trump-administration-cancels-meeting-fda-workers-union

Harmony Biosciences stock surges on strong Q1 earnings beat

 Harmony Biosciences Holdings , Inc. (NASDAQ:HRMY) reported first quarter 2025 earnings that handily beat analyst expectations, driven by strong sales growth of its narcolepsy drug WAKIX on Tuesday.

The company saw its stock surge 5.11% in premarket trading following the release.

The biopharmaceutical company reported adjusted earnings per share of $1.03, significantly surpassing the analyst consensus estimate of $0.61. Revenue for the quarter came in at $184.7 million, slightly above the $184.26 million analysts were expecting and representing 20% YoY growth.

"Building off of our strong foundation of commercial success, we are poised for significant momentum throughout the rest of the year, driven by the upcoming catalysts from our robust, late-stage pipeline," said Jeffrey M. Dayno, M.D., President and Chief Executive Officer of Harmony (JO:HARJ) Biosciences.

WAKIX net revenue grew 20% YoY to $184.7 million in Q1. The company exited the quarter with approximately 7,300 patients on the drug, up from about 7,200 in the previous quarter.

Harmony reiterated its full year 2025 revenue guidance of $820-$860 million, in line with the analyst consensus of $840.4 million.

The company highlighted several upcoming pipeline milestones, including topline data from its Phase 3 trial of ZYN002 in Fragile X syndrome expected in Q3 2025. Harmony also plans to initiate Phase 3 trials for its next-generation pitolisant formulation in narcolepsy and idiopathic hypersomnia in Q4 2025.

With $610.2 million in cash and investments on its balance sheet, Harmony appears well-positioned to fund its ongoing clinical development programs while continuing to drive WAKIX sales growth.


https://www.investing.com/news/stock-market-news/harmony-biosciences-stock-surges-5-on-strong-q1-earnings-beat-93CH-4024529

Jazz Pharmaceuticals misses estimates, slashes guidance on litigation costs

 Jazz Pharmaceuticals plc (NASDAQ:JAZZ) reported first quarter earnings that fell well short of analyst expectations and dramatically lowered its full-year profit outlook, sending shares down 1.6% in after-hours trading.

The biopharmaceutical company posted adjusted earnings per share of $1.68 for Q1, missing the consensus estimate of $4.81 by a wide margin. Revenue came in at $897.8 million, below expectations of $983.9 million.

Jazz attributed the earnings miss primarily to a $172 million expense related to Xyrem antitrust litigation settlements. This impacted GAAP and non-GAAP results by $146.3 million after tax, or $2.34 per share on an adjusted basis.

For the full year 2025, Jazz slashed its adjusted EPS guidance to a range of $4.00 to $5.60, down sharply from its previous outlook of $22.50 to $24.00 and far below the $23.23 analyst consensus. The company maintained its revenue forecast of $4.15 billion to $4.40 billion.

"In the first quarter of 2025, our focus on commercial execution resulted in total revenues of $898 million, led by the strong performance of Xywav and Epidiolex," said Bruce Cozadd, chairman and CEO of Jazz Pharmaceuticals.

Xywav net product sales increased 9% YoY to $344.8 million, while Epidiolex/Epidyolex sales rose 10% to $217.7 million. However, Xyrem sales fell 42% to $37.2 million as patients transition to Xywav.

Jazz completed its acquisition of Chimerix (NASDAQ:CMRX) in April, adding the late-stage pipeline candidate dordaviprone for a rare brain tumor. The company expects top-line data from a key zanidatamab trial in gastric cancer in the second half of 2025.

https://www.investing.com/news/earnings/jazz-pharmaceuticals-misses-estimates-slashes-guidance-on-litigation-costs-93CH-4026607

Sarepta new guidance

 

Updated GuidancePrior Guidance
As of May 6, 2025As of February 26, 2025
Total net product revenues$2,300 - $2,600M$2,900 - $3,100M
Combined non-GAAP R&D and SG&A expenses$1,784 - $2,184M$1,200 - $1,300M