Zoom Appoints Cindy Hoots to Board of Directors

SAN JOSE, Calif., Jan. 05, 2023 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM) announced that it has appointed Cindy Hoots, Chief Digital Officer and CIO of AstraZeneca, as an independent director on Zoom’s Board of Directors effective immediately.

“Zoom has changed the way companies around the world do business and is ushering in entirely new ways to transact business internationally,” said Hoots. “Global leaders have the responsibility to ensure our ecosystem of employees, partners, customers, and our community can connect and collaborate seamlessly in a sustainably responsible way. I am thrilled to join Zoom’s Board and CEO Eric Yuan, an inspirational leader with a strong vision. I believe this company has an important role in making a meaningful impact on people’s lives.”

“On behalf of Zoom’s Board of Directors, I am excited to welcome Cindy to the team,” said Zoom Founder and CEO Eric S. Yuan. “Cindy’s experience leading large global companies in highly regulated and complex industries will bring tremendous value to our company. As Zoom continues to grow and innovate within the healthcare sector, we look forward to Cindy’s perspectives and contributions.”

About Cindy Hoots
Ms. Hoots has served as the Chief Digital Officer and Chief Information Officer at AstraZeneca PLC, a pharmaceutical company, since January 2020. From January 2018 to December 2019, she served as Global Vice President of Technology of Unilever PLC, a multinational consumer goods company. Prior to joining Unilever, Ms. Hoots served as Vice President of Next Generation Products, Commercial, and Digital Transformation at British American Tobacco plc from 2016 to 2018. She also spent 16 years at Mars, Incorporated. Ms. Hoots received a B.S. in Computer Information Systems from DeVry Institute of Technology.

About Zoom
Zoom is for you. Zoom is a space where you can connect to others, share ideas, make plans, and build toward a future limited only by your imagination. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. That is why we are an intuitive, scalable, and secure choice for individuals, small businesses, and large enterprises alike. Founded in 2011, Zoom is publicly traded (NASDAQ: ZM) and headquartered in San Jose, California. Visit zoom.com and follow @zoom.

Zoom PR
Colleen Rodriguez
Head of Global PR
press@zoom.us

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Prepay Nation promeut Paolo Montessori au poste de président-directeur général (PDG)

BERWYN, Pennsylvanie, 05 janv. 2023 (GLOBE NEWSWIRE) — Prepay Nation, un leader mondial des produits prépayés B2B, annonce la nomination de Paolo Montessori en tant que nouveau président-directeur général (PDG). Le conseil d’administration a choisi M. Montessori pour succéder à A.J. Hanna en tant que PDG d’ici janvier 2023 après un exercice approfondi de planification de la relève.

Après plus de 3 ans et demi passés chez Prepay Nation, dont les 2 dernières années et demi au poste de PDG, A.J. Hanna a annoncé qu’il quittera son poste de PDG et de président de Prepay Nation avant le 31 décembre 2022. A.J. Hanna continue à soutenir la transition en tant que conseiller spécial du conseil d’administration et du PDG nouvellement nommé.

Paolo Montessori a rejoint Prepay Nation en octobre 2021 au poste de Chief Revenue Officer (directeur financier). Tout au long de sa carrière de plus de 25 ans, M. Montessori a établi un palmarès bien étoffé d’accomplissements à la tête d’entreprises de télécommunications et de services financiers sur un large éventail de possibilités stratégiques et de développement commercial à une époque d’évolution constante dans le monde des services financiers et des paiements. En tant que PDG, les objectifs principaux de M. Montessori seront de renforcer la situation financière et la solide assise des actifs de Prepay Nation, y compris un réseau mondial de distribution interconnecté et un marché prépayé, ainsi que d’accélérer les plans de croissance de l’entreprise et d’élargir ses alternatives de paiement.

A.J. Hanna, président du conseil d’administration et PDG de Prepay Nation, a déclaré : « Nous sommes ravis d’accueillir Paolo Montessori en tant que prochain PDG de Prepay Nation. M. Montessori est un dirigeant qui a fait ses preuves dans le développement des talents et la direction d’équipes, tout en stimulant la croissance et l’innovation dans les secteurs des technologies financières et des télécommunications. Grâce à sa vaste expérience acquise dans l’expansion de Comviva sur de nouveaux territoires, en tant que PDG d’eServGlobal où il a constitué HomeSend, la coentreprise transfrontalière avec MasterCard, en tant que directeur général de l’activité de traitement des transactions de Novatti et en tant que PDG de LenddoEFL, une fintech innovante d’analyse des risques alimentée par l’IA, M. Montessori est bien placé pour diriger Prepay Nation dans cette nouvelle ère. L’attention toute particulière de Paolo Montessori portée à l’accélération de la croissance de l’entreprise et à l’adoption élargie de nos offres d’écosystème et des capacités du marché prépayé auprès des utilisateurs et des entreprises permettra de lancer Prepay Nation 2.0. »

Anurag Jain, co-fondateur de Prepay Nation, a ajouté : « Au nom du conseil d’administration, de nos employés, de nos clients et de nos partenaires commerciaux du monde entier, je tiens à remercier A.J. Hanna pour son dévouement et son enthousiasme envers Prepay Nation, et à le féliciter pour les nombreux accomplissements et étapes franchies, que nous avons célébrés alors qu’il était à la tête de cette entreprise dynamique. Sous la direction de M. Hanna, Prepay Nation a étendu son empreinte mondiale et développé un marché à la pointe du secteur pour les produits prépayés, et a transformé nos capacités en un avantage concurrentiel. »

Le nouveau PDG, Paolo Montessori, a commenté : « Être choisi pour diriger une organisation aussi respectée que Prepay Nation, un marché mondial de la technologie et du prépaiement, qui dessert plus de 150 pays et plus de 5 milliards d’utilisateurs, est un grand honneur et une opportunité véritablement passionnante.

C’est la passion d’innover, en restant à l’écoute des besoins des clients, qui guide Prepay Nation depuis ses débuts il y a plus de dix ans. J’ai hâte de diriger l’équipe de Prepay Nation et de travailler main dans la main pour tracer un avenir de croissance, créant de la valeur pour nos actionnaires tout en fournissant des services prépayés essentiels à notre public mondial. »

A.J. Hanna a ajouté : « Cela a été un honneur et un privilège de diriger Prepay Nation et d’aider à servir nos partenaires mondiaux et leurs utilisateurs. Je garde de précieux souvenirs du temps passé à travailler avec nos collègues, dont le talent, la fidélité et l’engagement envers nos clients sont sans pareil. Je suis fier de l’entreprise axée sur les objectifs que nous avons façonnée ensemble, et j’ai hâte de voir la société et l’équipe prospérer sous la direction de Paolo Montessori. »

À propos de Prepay Nation :

Prepay Nation est un leader mondial des produits prépayés B2B, qui facilite l’achat de recharges transfrontalières de temps d’antenne mobile, de données, de cartes-cadeaux et de paiements de services publics au-delà des frontières internationales. L’entreprise se targue d’une présence opérationnelle dans plus de 150 pays, avec plus de 600 partenariats d’opérateurs mobiles dans plus de 300 000 points de vente. Elle est soutenue par une équipe répartie dans le monde entier aux États-Unis, au Canada, en Asie, en Europe et au Moyen-Orient. Nous permettons aux marques locales et mondiales de distribuer leurs produits prépayés par le biais de notre réseau mondial de revendeurs omnicanal. Nos partenaires bénéficient d’une augmentation des ventes, de l’acquisition de clients, de l’engagement, de la rétention et de la fidélisation.

Pour plus d’information, rendez-vous sur www.prepaynation.com ou contactez Janis D’souza à l’adresse hello@prepaynation.com

Une photo accompagnant la présente annonce est disponible sur https://www.globenewswire.com/NewsRoom/AttachmentNg/e6e795e8-3952-4fac-be39-a9e19eaaf650

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Prepay Nation promove Paolo Montessori a Diretor Executivo (CEO)

BERWYN, Pa., Jan. 05, 2023 (GLOBE NEWSWIRE) —  A Prepay Nation, líder global no mercado de produtos pré-pagos B2B, anuncia a nomeação de Paolo Montessori como novo CEO. O Conselho Diretor escolheu Montessori para suceder A.J. Hanna como CEO até janeiro de 2023, após um minucioso exercício de planejamento sucessório.

Depois de mais de 3 anos e meio na Prepay Nation, incluindo os últimos 2 anos e meio como CEO, A.J. Hanna anunciou que deixará o cargo de CEO e de Presidente da Prepay Nation em 31 de dezembro de 2022. A.J. continuará a apoiar a transição como consultor especial do Conselho de Administração e do CEO recém-nomeado.

Paolo Montessori ingressou na Prepay Nation em outubro de 2021 como Diretor de Receita. Ao longo da sua carreira de mais de 25 anos, Montessori estabeleceu um sólido histórico de realizações liderando empresas de telecomunicações e de serviços financeiros em uma ampla gama de possibilidades estratégicas e de criação de negócios durante um período de constante evolução no mundo dos serviços financeiros e pagamentos. Como CEO, os principais objetivos de Montessori serão fortalecer a posição financeira e a base sólida de ativos da Prepay Nation, incluindo a rede de distribuição interconectada em todo o mundo e o mercado pré-pago, bem como acelerar os planos de crescimento da empresa e expandir suas alternativas de pagamento.

O Presidente do Conselho e CEO da Prepay Nation A.J. Hanna disse: “É um grande prazer receber Paolo Montessori como o próximo CEO da Prepay Nation. Paolo é líder comprovado, conhecido pelo desenvolvimento de talentos e liderança de equipes, e como incentivador do crescimento e da inovação nos setores de fintech e telecomunicações. Com sua vasta experiência na expansão da Comviva em novas regiões geográficas, como CEO da eServGlobal, onde formou a HomeSend, uma joint venture transfronteiriça com a MasterCard, como CEO do negócio de processamento de transações da Novatti e CEO da inovadora fintech de análise de risco alimentada por IA LenddoEFL, ele está bem-posicionado para liderar a Prepay Nation nesta nova era. Focado em acelerar o crescimento da empresa e conquistar a adoção mais ampla das nossas ofertas de ecossistemas e recursos de mercado pré-pagos por parte de usuários e empresas, Paolo lançará o Prepay Nation 2.0.”

Anurag Jain, cofundador da Prepay Nation, acrescentou: “Em nome do Conselho de Administração, nossos funcionários globais, clientes e parceiros de negócios, quero agradecer a A.J. por sua dedicação e entusiasmo na Prepay Nation e parabenizá-lo pelas muitas conquistas e marcos que celebramos enquanto ele esteve ao leme desta empresa dinâmica. Sob a liderança de A.J., a Prepay Nation expandiu seu alcance global e ampliou o mercado líder da indústria de produtos pré-pagos, transformando a nossa capacidade em uma vantagem competitiva.”

Paolo Montessori, o novo CEO: “É uma grande honra e uma oportunidade muito emocionante ter sido selecionado para liderar uma organização tão respeitada como a Prepay Nation, uma tecnologia global e um mercado global pré-pago, que atende mais de 150 países e mais de 5 bilhões de usuários.

A paixão por inovar com como foco nas necessidades do cliente é o que orienta a Prepay Nation desde seu início há mais de uma década. Estou pronto para liderar a equipe da Prepay Nation e trabalhar em conjunto para traçar um futuro de crescimento, criando valor para nossos acionistas e fornecendo serviços pré-pagos essenciais para nossa audiência global.”

A.J. Hanna acrescentou: “É uma honra e um privilégio liderar a Prepay Nation e ajudar a servir nossos parceiros e usuários em todo o mundo. Tenho muitas boas lembranças do tempo que passei trabalhando com nossos colegas, cujo talento, lealdade e compromisso com nossos clientes são incomparáveis. Estou orgulhoso do negócio orientado por propósitos que moldamos juntos e estou ansioso para ver a empresa e a equipe florescerem sob a liderança de Paolo.”

Sobre a Prepay Nation:

A Prepay Nation é um mercado líder global de produtos pré-pagos B2B que facilita a compra de recargas transfronteiriças de tempo de antena móvel, dados, cartões-presente e pagamentos de serviços públicos em fronteiras internacionais. Ela tem operações em mais de 150 países e mais de 600 parcerias de operadoras móveis em mais de 300.000 locais de varejo – apoiadas por uma equipe distribuída globalmente nos EUA, Canadá, Ásia, Europa e Oriente Médio. Nós viabilizamos que marcas locais e globais distribuam seus produtos pré-pagos através da nossa rede de revendedores omnicanal em todo o mundo. Nossos parceiros se beneficiam do aumento de vendas, aquisição de clientes, engajamento, retenção e fidelização.

Para mais informações, visite www.prepaynation.com ou contacte Janis D’souza em hello@prepaynation.com

Foto deste comunicado disponível em https://www.globenewswire.com/NewsRoom/AttachmentNg/e6e795e8-3952-4fac-be39-a9e19eaaf650

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PowerChina soutient la formation de talents hautement qualifiés en Zambie

LUSAKA, Zambie, 6 janvier 2023 /PRNewswire/ — Sur la rivière Kafue, à environ 90 km au sud de Lusaka, capitale de la Zambie, la première centrale hydroélectrique à grande échelle de Zambie tourne à plein régime.

Mise en service en juillet 2021, la centrale hydroélectrique inférieure de Kafue Gorge, construite par PowerChina, prévoit l’installation de cinq turbines Francis, pour une capacité totale installée de 750 MW.

En plus d’avoir accéléré le processus d’industrialisation de la Zambie, cette centrale a également changé le destin de nombreux jeunes zambiens. Gift Kapanda, 35 ans, est l’un d’entre eux.

PowerChina Supports Cultivation of Highly Skilled Talent in Zambia

En 2017, la vie de ce jeune Zambien a pris un tournant inédit après sa visite de l’institut de formation Sinohydro, fondé par PowerChina dans le but de dispenser des cours de formation professionnelle gratuits afin de former des travailleurs qualifiés pour le projet hydroélectrique et de générer des talents pour des projets locaux en Zambie. M. Kapanda s’est inscrit à l’institut pour étudier l’ingénierie électrique et a commencé sa « transformation ».

Comme M. Kapanda, le destin de plus de 300 jeunes en Zambie a complètement changé grâce à l’institut de formation Sinohydro. Les compétences acquises à l’institut ont transformé leur vie.

Avec un investissement de 1,45 million de dollars, l’institut a été créé par PowerChina en 2017, et recrute des étudiants de toute la Zambie, leur fournit une éducation et une formation gratuites, un logement gratuit et des allocations de subsistance, dans le but de cultiver des talents qualifiés dont la Zambie a un besoin urgent dans le domaine de la construction d’infrastructures.

Jusqu’à présent, l’institut a formé 332 étudiants, dont 10 femmes, en tant que techniciens, qui sont devenus les piliers de ce projet ainsi que d’autres projets d’ingénierie en Zambie. La plupart d’entre eux travaillent pour le projet d’électricité après leur formation, a déclaré Fang Zhi, doyen de l’institut, à ChinAfrica.

« Avant, j’étais un électricien ordinaire qui ne pouvait faire que des câblages ou des réparations simples, mais c’est différent maintenant. J’ai reçu une formation professionnelle et systématique. À force de pratique, je suis devenu un bon ingénieur électricien », a confié M. Kapanda à ChinAfrica.

L’aide apportée par la Chine à l’Afrique a été faussement accusée de « néo-colonialisme », et l’image des entreprises chinoises en Afrique a également été déformée et diffamée. « Le fait est que les entreprises chinoises en Afrique emploient un grand nombre de travailleurs locaux grâce à la localisation des ressources humaines, ce qui favorise grandement l’emploi local, améliore le niveau de vie de la population locale, et renforce le sentiment d’appartenance, de bonheur et de responsabilité des employés locaux », a déclaré Zhou Qingguo, chef de projet du Bureau de la centrale hydroélectrique inférieure de Kafue Gorge, à ChinAfrica.

Depuis la mise en service de la centrale hydroélectrique inférieure de Kafue Gorge, plus de 10 000 employés locaux ont été embauchés, soit 90 % de la main-d’œuvre du projet.

Depuis son entrée sur le marché zambien en 2001, PowerChina s’est profondément impliquée dans le développement du pays. « En formant et en employant la population locale, il est possible de renforcer les échanges entre les peuples chinois et africains, afin de rapprocher davantage leurs cœurs », a déclaré Song Mingming, représentant national de PowerChina en Zambie.

Photo – https://mma.prnewswire.com/media/1977060/PowerChina_Supports_Cultivation_Highly_Skilled_Talent_Zambia.jpg

SADC Essay competition winners receive award

Luanda – Southern African Development Community (SADC) announced the three Angolan winners of the 23rd edition of 2022 Secondary School Essay Competition on Friday.

The SADC Secretariat has allocated USD 1000 as prize money for national winners of the competition as follows: USD 500 for first prize, USD 300 for the second prize and USD 200 for the third prize winner.

The top three winners of 2022 Southern African Development Community (SADC) recently announced are:

In the first place was the student Casimira Pimenta in Angola’s Huambo province from the Secondary School Joaquim Kapango (12th grade), Irina Sardinha from the Commercial high Institute of Luanda (12th grade), and Ecliseaste Ricardo from Polytechnic Institute of Benguela (12th grade).

The competition takes place in two phases, with Irina Sardinha, second ranked in Angola, obtaining 10th place in the regional contest.

In 2022, under the theme: How SADC can increase production capacity in the face of Covid-19´´, 33 newsrooms competed across the country and the top three went to the regional competition.

Speaking at the ceremony, the Secretary of State for Pre-school and Primary Education, Pacheco Francisco, said he was pleased and called for more efforts by the sector in order to evolve and win better places.

To him, the creation of the competition, in 1999, helps young people to deepen their knowledge about the region and create proposals for mitigation, as well as stimulating reflection on the resilience of different sectors.

The ceremony also served to launch the 2023 edition, with the theme: How SADC can promote industrialisation for inclusive, resilient and sustainable economic growth.

The SADC Secondary Schools Essay Competition is a regional competition for students from schools and member countries to provide new opportunities for further knowledge.

SADC currently has 16 member countries.

They are Angola, South Africa, Botswana, DRC, Lesotho, Madagascar, Malawi, Mozambique, Mauritius, Eswatini, Namibia, Tanzania, Zambia, Zimbabwe, Seychelles and Comoros.

Source: Angola Press News Agency

EPA Moves to Toughen Standards for Deadly Soot Pollution

The Biden administration is proposing tougher standards for a deadly air pollutant, saying that reducing soot from tailpipes, smokestacks and wildfires could prevent thousands of premature deaths a year.

A proposal released Friday by the Environmental Protection Agency would set maximum levels of 9 to 10 micrograms of fine particle pollution per cubic meter of air, down from 12 micrograms set a decade ago under the Obama administration. The standard for particle pollution, more commonly known as soot, was left unchanged by former President Donald Trump, who overrode a scientific recommendation for a lower standard in his final days in office.

Environmental and public health groups that have been pushing for a stronger standard were disappointed, saying the EPA proposal does not go far enough to limit emissions of what is broadly called “fine particulate matter,” the tiny bits of soot we breathe in unseen from tailpipes, wildfires, factory and power plant smokestacks, and other sources.

In a development that could lead to an even lower standard, the EPA said Friday that it also would take comments on a range of ideas submitted by a scientific advisory committee, including a proposal that would lower the maximum standard for soot to 8 micrograms. A microgram is one-millionth of a gram.

EPA Administrator Michael Regan said the proposal to strengthen the national ambient air quality standards for fine particle pollution would help prevent serious health problems, including asthma attacks, heart attacks and premature death that disproportionately affect vulnerable populations. Those populations include children, older adults and those with heart and lung conditions, as well as low-income and minority communities throughout the United States.

“This administration is committed to working to ensure that all people, regardless of the color of their skin, the community they live in or the money in their pocket, have clean air to breathe, clean water to drink and the opportunity to lead a healthy life,” Regan said at a news conference. “At EPA, we are working every single day to create cleaner and healthier communities for all and have been doing so for over 50 years.”

‘A disappointment’

Harold Wimmer, the president of the American Lung Association, called the EPA’s proposal disappointing, saying it was “inadequate to protect public health from this deadly pollutant.”

“Current science shows that stronger limits are urgently needed … to protect vulnerable populations,” Wimmer said, calling for the EPA to lower the standard to 8 micrograms or lower.

Seth Johnson, an attorney for the environmental group Earthjustice, called the EPA plan “a disappointment and missed opportunity overall.” While it would strengthen some public health protections, “EPA is not living up to the ambitions of this administration to follow the science, protect public health and advance environmental justice,” Johnson said. He urged the EPA “to hear communities, not industrial polluters, and strengthen this rule. Overburdened communities have the right to breathe clean air.”

The U.S. Chamber of Commerce and other business groups called for the current standards to be maintained.

“The United States has some of the best air quality in the world, thanks to steady reductions in contributors to particulate matter emissions over the last decade,” said Chad Whiteman, vice president of environment and regulatory affairs at the chamber’s Global Energy Institute.

The proposed rule could “stifle manufacturing and industrial investment and exacerbate permitting challenges that continue to hamper the economy,” Whiteman said.

‘Regulatory burden’

Mike Ireland, president of the Portland Cement Association, which represents U.S. cement manufacturers, added that the EPA’s proposed action “is yet another regulatory burden that will hamper the cement industry’s ability to manufacture sustainable construction materials to meet the nation’s infrastructure needs.”

EPA scientists have estimated exposure at current limits causes the early deaths of thousands of Americans annually from heart disease and lung cancer as well as causing other health problems.

Dr. Doris Browne, president of the National Medical Association, the oldest and largest national organization representing African American physicians, hailed the plan as “the bold action needed to protect public health across the country.”

Appearing with Regan at a news conference, Browne said the proposal is likely to have lasting benefits across the country “but especially for those communities of color and low-income communities that experience the increase in particulate matter pollution.” Smog, soot and other pollution near factories, power plants and other hazards has a “devastating impact on public health,” she said.

The EPA proposal would require states, counties and tribal governments to meet a stricter air quality standard for fine particulate matter up to 2.5 microns in diameter — far smaller than the diameter of a human hair. A micron, also called a micrometer, is equal to one-millionth of a meter.

The standard would not force polluters to shut down, but the EPA and state regulators could use it as the basis for other rules that target pollution from specific sources such as diesel-fueled trucks, refineries and power plants.

A 2022 report by the American Lung Association found that 63 million Americans live in counties that experience unhealthy daily spikes in soot pollution and 21 million live in counties that exceed annual limits for soot pollution. Most of those counties were in 11 Western states, the report said. People of color were 61% more likely than white people to live in a county with unhealthy air quality, the report said.

Fresno, California, displaced Fairbanks, Alaska, as the metropolitan area with the worst short-term particle pollution, the report found, while Bakersfield, California, continued in the most-polluted slot for year-round particle pollution for the third year in a row.

As of December 31, five metropolitan areas were not in compliance with current standards, the EPA said. Four of those areas are in California, including the San Joaquin Valley and Los Angeles. Allegheny County, Pennsylvania, which includes Pittsburgh, also is out of compliance.

The EPA will accept comments on the proposed rule through mid-March and will hold a virtual public hearing over several days. A final rule is expected this summer.

Source: Voice of America

US Approves Alzheimer’s Drug That Modestly Slows Disease

U.S. health officials on Friday approved a closely watched Alzheimer’s drug that’s been shown to modestly slow the early stages of the brain-robbing disease, albeit with potential safety risks that doctors and patients will have to weigh carefully.

The drug, Leqembi, is the first that’s been convincingly shown to slow the decline in memory and thinking that defines Alzheimer’s by targeting the disease’s underlying biology. The Food and Drug Administration approved it specifically for patients with mild or early cases of dementia.

An uncommon success

Leqembi, from Japan’s Eisai and its U.S. partner Biogen, is a rare success in a field accustomed to failed experimental treatments for the incurable condition. The delay in cognitive decline brought about by the drug likely amounts to just several months, but some experts say it could still meaningfully improve people’s lives.

“This drug is not a cure. It doesn’t stop people from getting worse, but it does measurably slow the progression of the disease,” said Dr. Joy Snider, a neurologist at Washington University in St. Louis. “That might mean someone could have an extra six months to a year of being able to drive.”

Snider stressed that the medicine, pronounced “leh-KEM-bee,” comes with downsides, including the need for twice-a-month infusions and possible side effects such as brain swelling and bleeding.

Approval came via FDA’s accelerated pathway, which allows drugs to launch based on early results, before they’re confirmed to benefit patients. The agency’s use of that shortcut has come under increasing scrutiny from government watchdogs and congressional investigators.

Last week, a congressional report found that the FDA’s approval of a similar Alzheimer’s drug called Aduhelm — also from Biogen and Eisai — was “rife with irregularities,” including a number of meetings with drug company staffers that went undocumented.

Average price tag: $26,500 a year

Scrutiny of the new drug, known chemically as lecanemab, will likely mean most patients won’t start receiving it for months, as insurers decide whether to cover it and for whom.

The drug will cost $26,500 for a typical year’s worth of treatment. Eisai said that price reflects the drug’s benefit in terms of improved quality of life, reduced burdens for caregivers and other factors. The company pegged its overall value at $37,000 per year, but said it priced the drug lower to reduce costs for patients and insurers. An independent group that assesses drug value recently said the drug would have to be priced below $20,600 to be cost-effective.

Some 6 million people in the U.S. and many more worldwide have Alzheimer’s, which gradually attacks areas of the brain needed for memory, reasoning, communication and daily tasks.

The FDA’s approval was based on one mid-stage study in 850 people with early symptoms of Alzheimer’s who also tested positive for a type of brain plaque that is a hallmark of the disease.

Since then, Eisai has published the results of a larger 1,800-patient study that the FDA is expected to soon review to confirm the drug’s benefit, setting up a decision on full approval later this year.

The larger study tracked patients’ results on an 18-point scale that measures memory, judgment and other cognitive abilities. Doctors compile the rating from interviews with the patient and a close contact. After 18 months, patients receiving Leqembi declined more slowly — a difference of less than half a point on the scale — than patients who received a dummy infusion. The delay amounted to just over five months.

There is little consensus on whether that difference translates into real benefits for patients, such as greater independence.

“Most patients won’t notice the difference,” said Dr. Matthew Schrag, a neurology researcher at Vanderbilt University. “This is really quite a small effect and probably below the threshold of what we’d call clinically significant.”

Schrag and some other researchers believe a meaningful improvement would require at least a difference of one full point on the 18-point scale.

Leqembi works by clearing a sticky brain protein called amyloid that’s a key indicator of Alzheimer’s. But it’s not clear exactly what causes the disease. A string of other amyloid-targeting drugs have failed, and many researchers now think combination treatments will be needed.

Aduhelm, the similar drug, was marred by controversy over its effectiveness.

The FDA approved that drug in 2021 against the advice of the agency’s own outside experts. Doctors hesitated to prescribe the drug, and insurers restricted coverage.

The FDA did not consult the same expert panel before approving Leqembi.

Rep. Rosa DeLauro of Connecticut — a frequent FDA critic — said in a statement Friday that she was “deeply concerned that FDA chose to forego” a panel meeting on the drug.

Schrag said many of the same concerns apply to both drugs.

“Is this slight, measurable benefit worth the hefty price tag and the side effects patients may experience?” she asked. “I have pretty serious doubts.”

About 13% of patients in Eisai’s study had swelling of the brain and 17% had small brain bleeds, side effects seen with earlier amyloid-targeting medications. In most cases those problems didn’t cause symptoms, which can include dizziness and vision problems.

Also, several Leqembi users died while taking the drug, including two who were on blood-thinning medications. Eisai has said the deaths can’t be attributed to the drug. The FDA label warns doctors to use caution if they prescribe Leqembi to patients on blood thinners.

Insurers are likely to cover the drug only for people like those in the company study — patients with mild dementia and confirmation of amyloid buildup. That typically requires expensive brain scans or a spinal fluid test. Doctors will need to perform a different type of scan to periodically check for brain swelling and bleeding.

Medicare coverage still up in air

A key question in the drug’s rollout will be insurance coverage by Medicare, the federal health plan that covers 60 million seniors and other Americans. The agency severely restricted coverage of Aduhelm, essentially wiping out its U.S. market and prompting Biogen to abandon marketing plans for the drug.

Eisai executives said they have already spent months discussing their drug’s data with Medicare officials. Coverage isn’t expected until after the FDA confirms the drug’s benefit, expected later this year.

“Once we have a Medicare decision, then we can truly launch the drug across the country,” said Eisai’s U.S. CEO, Ivan Cheung.

Betsy Groves, 73, was diagnosed with Alzheimer’s in 2021. A former lecturer at Harvard’s graduate school of education, she noticed she was having trouble remembering some students’ names and answering questions.

Her initial diagnosis, based on a cognitive examination, was later confirmed by a positive test for amyloid.

Groves, of Cambridge, Massachusetts, says she is “more than willing” to try Leqembi, despite potential side effects and the need for infusions.

“For me, the minute that drug comes on the market — and I get my doctor’s approval — I’m going to take it,” Groves said.

Source: Voice of America