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Telehealth Stumbles While Global Biotech Advances

STAT+: Hims’ sales miss as telehealth competition grows

Editorial illustration for STAT+: Hims’ sales miss as telehealth competition grows
Editorial illustration

Summary

The medical and telehealth industries are seeing rapid shifts, starting with a stumble for digital health platform Hims. The company recently missed its sales targets, a drop driven by stiffening competition in the expanding telehealth market. Meanwhile, traditional pharmaceutical companies are forging major new global partnerships. Bristol Myers Squibb has teamed up with Chinese drugmaker Hengrui Pharma to replenish its drug pipeline. However, this partnership comes with an important caveat, as the more than a dozen programs included in the deal are still in the very early stages of development.

On the clinical front, patients are seeing new treatment options advance. Rigel Pharma has secured a deal with Arvinas and Pfizer to commercialize a newly approved breast cancer drug called Veppanu. Across the regulatory desk, BridgeBio has officially asked the Food and Drug Administration to approve encaleret. This medication is designed to treat autosomal dominant hypocalcemia type 1, often called ADh2, which is a rare genetic disease.

Finally, in a significant step for neurological care, Roche has secured regulatory clearance in Europe for a new diagnostic tool. The company has successfully developed a blood test specifically designed to detect Alzheimer's disease in its early stages.

Why it matters.

These developments highlight two major trends in modern medicine: the globalization of drug development and the push for earlier diagnostics. The partnership between Bristol Myers Squibb and Hengrui Pharma illustrates how Western pharmaceutical companies are looking to China to find future therapies. Even though these dozen-plus specific programs are early in their development, this strategy is vital for companies needing to stay competitive. Similarly, the growing competition squeezing telehealth companies like Hims shows that digital medicine is maturing into a fiercely contested business landscape.

For patients, the most immediate impacts come from the new treatments and diagnostics moving through regulatory channels. An approved blood test for early Alzheimer's disease represents a significant step forward in how doctors might screen for the condition before symptoms become severe. Meanwhile, the steady march of targeted therapies, from newly approved breast cancer drugs to specialized treatments for rare genetic diseases like ADh2, promises to bring highly specific care to patient populations that urgently need new options.

From the source

The story in numbers.

Early-stage programs in BMS and Hengrui Pharma partnership
>12
Type of autosomal dominant hypocalcemia targeted by BridgeBio's FDA application
1
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Telehealth Stumbles While Global Biotech Advances — Daily Strand