Health
Eli Lilly to acquire obesity drug maker Versanis for $1.9 billion
Eli Lilly and Company, Pharmaceutical company headquarters in Alcobendas, Madrid, Spain. Cristina Arias | Cover | Getty Images Eli Lilly on Friday said it will acquire Versanis, a privately held obesity drug maker, for up to $1.93 billion to boost the pharmaceutical giant’s weight loss treatment portfolio. Eli Lilly agreed to pay Versanis shareholders in […]
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Uninsured Americans pay high costs for an insulin Eli Lilly vowed to price at $25, Sen. Warren says
An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. Mike Segar | Reuters Uninsured Americans pay nearly $98 on average for a vial of Eli Lilly‘s generic insulin, even after the company pledged to cut the product’s list price to $25 per vial, […]
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Biden administration to provide free Covid vaccines to uninsured Americans this fall through end of 2024
A healthcare worker prepares a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic in the Peabody Institute Library in Peabody, Massachusetts, on Wednesday, Jan. 26, 2022. Vanessa Leroy | Bloomberg | Getty Images The Biden administration on Thursday announced a program to provide free Covid vaccines to uninsured Americans through December 2024 after […]
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Biden administration asks Pfizer, Moderna and Novavax for ‘reasonable’ prices on updated Covid vaccines
A nurse prepares doses of the Pfizer vaccine on Dec. 30, 2021, during a COVID-19 vaccination event at Josephine’s Southern Cooking in Chatham, Illinois. Brian Cassella | Tribune News Service | Getty Images The Biden administration on Thursday urged Pfizer, Moderna and Novavax to price their updated Covid vaccines at a “reasonable” rate when they […]
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FDA approves first over-the-counter birth control pill
HRA Pharma expects a final decision by the FDA this summer on its application for nonprescription sales of Opill, which is generically called norgestrel. Source: Perrigo The Food and Drug Administration on Thursday approved the first over-the-counter birth control pill, a landmark decision that will allow more women and girls in the U.S. to prevent […]
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Chamber of Commerce asks judge to block Medicare drug price negotiations before October 1
The U.S. Chamber of Commerce seal is displayed during restoration at the headquarters in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images The U.S. Chamber of Commerce on Wednesday asked a federal judge in Ohio to block Medicare’s new powers to negotiate drug prices before October 1. The motion for a preliminary injunction is […]
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FDA to review Schumer’s concerns about YouTube stars’ Prime Energy drink
Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, August 29, 2020. Andrew Kelly | Reuters WASHINGTON — The Food and Drug Administration will address concerns raised by Senate Majority Leader Chuck Schumer about a caffeinated energy drink popular among teens. An agency spokesperson said it “is reviewing […]
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Nvidia invests $50 million in biotech company Recursion for AI drug discovery
A man wearing a mask walks past a Nvidia logo in Taipei, Taiwan. Sopa Images | Lightrocket | Getty Images Chipmaker Nvidia will invest $50 million in Recursion Pharmaceuticals to speed up the development of the biotech firm’s artificial intelligence models for drug discovery, the companies said Wednesday. Recursion’s stock soared 80% following the announcement. […]
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High levels of a hazardous chemical polluted the air weeks after the Ohio train derailment, an analysis shows
General view of the site of the derailment of a train carrying hazardous waste, in East Palestine, Ohio, March 2, 2023. Alan Freed | Reuters Soon after the derailment of a Norfolk Southern train in East Palestine, Ohio, a team of researchers began roving the small town in a Nissan van. It was February, less than three […]
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Whistleblower alleges Medtronic engaged in bribery scheme at veterans hospital
For nearly a decade, sales representatives from a prominent medical device maker operated a bribery scheme at a Kansas veterans hospital that wasted millions of taxpayer dollars and jeopardized the lives of patients, a recently unsealed whistleblower lawsuit alleges. The sales reps from the company, Medtronic, “bribed hospital staff to purchase its devices over those […]
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