STAT Plus: Pharmalittle: China OKs first home-grown Alzheimer’s drug; White House cool to Pelosi drug pricing bill

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China has granted conditional approval to its first self-developed treatment for Alzheimer’s disease, a move that may point to revived opportunities in a therapeutic area where drug makers have burned billions of dollars without yielding a validated new drug, Reuters explains. Oligomannate, which uses extract from marine brown algae as raw material, received a conditional green light to treat mild- to moderate- level Alzheimer’s. China is fast-tracking approval for innovative drugs at home in a bid to offer more and cheaper options to patients.

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