Health
Weight loss drugs may be linked to stomach paralysis, other rare but severe issues, study says
Still life of Wegovy an injectable prescription weight loss medicine that has helped people with obesity. It should be used with a weight loss plan and physical activity. Michael Siluk | UCG | Getty Images Blockbuster weight loss and diabetes drugs like Wegovy and Ozempic may be associated with an increased risk of three rare, […]
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Neuralink competitor Precision Neuroscience buys factory to build its brain implants
Employees working in Precision’s manufacturing facility Courtesy: Precision Neuroscience Neurotech startup Precision Neuroscience announced Thursday it has acquired a factory in Dallas, where it will build the key component of its brain implant, the Layer 7 Cortical Interface. The facility will help the company speed up development and move closer to the regulatory approval it […]
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Lab owner who defrauded Medicare to forfeit $187 million, Ferrari
Exhibit from court record: 2018 Red Ferrari Spider. Source: U.S. DOJ A Miami federal judge ordered a lab owner convicted of defrauding Medicare to forfeit more than $187 million worth of proceeds from the scam, including $30 million in cash, a 2018 Ferrari Spider and real estate, the Department of Justice said Wednesday. The lab […]
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More than 75,000 workers to strike at hundreds of Kaiser Permanente health facilities across U.S.
A Kaiser Permanente health care center is pictured in Anaheim, California, U.S., October 3, 2023 as more than 75,000 Kaiser Permanente healthcare workers could go on strike from Oct. 4 to Oct. 7 across the United States. Mike Blake | Reuters Workers at Kaiser Permanente — the nation’s largest health-care nonprofit organization — began a […]
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Moderna combination Covid, flu vaccine moves to final stage trial after positive data
Artur Widak | Nurphoto | Getty Images Moderna on Wednesday said its combination vaccine targeting Covid and the flu will move to a final stage trial in adults ages 50 and above this year after showing positive results in an early to mid-stage study. The biotech company hopes its shot, mRNA-1083, can win approval from […]
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It’s time to get bullish on this health tech name, now that it’s shed a drag on growth
We care much more about where a stock is going than where it’s been. With the spin-off of Veralto (VLTO) complete, we decided to look at the path ahead for Danaher (DHR) — now free of its slower-growing, lower-margin water business. In the separation , we decided to keep the 173 shares of Veralto we […]
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Novartis unit Sandoz set to start trading after completing spinoff
Novartis said in August that it plans to spin off its generics unit Sandoz to sharpen its focus on its patented prescription medicines. Bloomberg | Bloomberg | Getty Images Novartis has completed the spinoff of its generics and biosimilars business Sandoz, which is set to debut trading on the SIX Swiss Exchange on Wednesday. The […]
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Evercore ISI says this biotech stock is a high risk, high reward play, with more than 200% upside
Evercore ISI initiated coverage of Aclaris Therapeutics , a clinical stage biotech working on immunology and inflammation drugs, at an outperform, saying the market is underpricing its odds for success heading into the release of clinical trial data. “We think the stock could trade up 300%+ on positive data (with more upside after the short-term […]
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Drugmakers opt in to Medicare drug price negotiations – here’s what happens next
A pharmacist holds a bottle of the drug Eliquis, made by Pfizer Pharmaceuticals, at a pharmacy in Provo, Utah, January 9, 2020. George Frey | Reuters All drugmakers of the first 10 medicines selected for Medicare drug price negotiations have agreed to participate in the talks, even after many of them sued to halt the […]
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Kaiser Permanente union workers poised to strike after contract expires
A sign is posted on the exterior of the Kaiser Permanente Vallejo Medical Center on September 08, 2023 in Vallejo, California. Justin Sullivan | Getty Images More than 75,000 workers at the largest nonprofit private health-care provider in the United States are poised to strike Wednesday after negotiations failed to reach an agreement over the […]
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