Biotech and Pharmaceuticals
Merck revenue falls after dramatic drop in sales of Covid antiviral treatment
Medicine pill is seen with Merck logo displayed on a screen in the background in this illustration photo taken in Poland on October 4, 2021. NurPhoto | NurPhoto | Getty Images Merck on Thursday reported first-quarter revenue that fell 9% from the same period a year ago largely due to a steep drop in sales […]
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The EU outlined its program to equalize drug obtain and lessen costs. Pharma companies are not happy
A molecular biologist examines wastewater samples for pathogens in the basic safety laboratory at the Max Delbrück Heart for Molecular Medicine in Mitte. Photo Alliance | Image Alliance | Getty Illustrations or photos The European Union on Wednesday introduced its prolonged-awaited overhaul of present pharmaceutical laws, reflecting the bloc’s most significant shake-up of rules governing […]
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Illumina CEO touts Grail’s 100% revenue growth amid proxy fight with Icahn
Illumina CEO Francis deSouza on Wednesday touted the company’s controversial acquisition of Grail after revenue from the cancer test developer doubled in the last year. The Grail deal is the focus of a heated proxy fight between Illumina and activist investor Carl Icahn. Antitrust regulators in the U.S. and Europe have also ordered Illumina to […]
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Alzheimer’s: Medicare will cover Leqembi for all patients if FDA approves drug, CMS chief says
Chiquita Brooks-LaSure testifies before the Senate Finance Committee during her nomination hearing to be administrator of the Centers for Medicare & Medicaid Services in Washington on Thursday, April 15, 2021. Caroline Brehman | CQ-Roll Call, Inc. | Getty Images Medicare will cover the new Alzheimer’s treatment Leqembi for all patients eligible under the medication’s label […]
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Illumina unveils plans to cut costs as it faces shrinking margins
A building on the campus at the world headquarters of Illumina is shown in San Diego, California, September 1, 2021. Mike Blake | Reuters Illumina on Tuesday unveiled plans to cut costs in a bid to improve the DNA sequencing company’s shrinking margins. The plans aim to reduce Illumina’s annualized run rate expenses by more […]
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Biogen isn’t concerned about competing with Eli Lilly in the Alzheimer’s drug space, CEO says
A person skateboards past Biogen Inc. headquarters in Cambridge, Massachusetts, on Monday, June 7, 2021. Adam Glanzman | Bloomberg | Getty Images Biogen isn’t worried about competing with Eli Lilly as they both attempt to bring an Alzheimer’s drug to the market, Biogen’s CEO said Tuesday. “I think it will be good if there are […]
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FDA grants accelerated approval for Biogen ALS drug that treats rare form of the disease
A pedestrian walks past Biogen Inc. headquarters in Cambridge, Massachusetts, on Monday, June 7, 2021. Adam Glanzman | Bloomberg | Getty Images The Food and Drug Administration on Tuesday granted accelerated approval for Biogen‘s drug tofersen, which treats a rare and aggressive form of the disease known as ALS. Accelerated approval is an FDA designation […]
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Mpox outbreak was wake-up call for smallpox preparation, vaccine maker Bavarian Nordic says
A health care worker prepares a dose of the JYNNEOS Monkeypox vaccine at a pop-up vaccination clinic in Los Angeles, California, on August 9, 2022. Patrick T. Fallon | AFP | Getty Images The maker of the mpox vaccine is looking at ways to dramatically scale up its production capacity to prepare for a potential […]
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Johnson & Johnson consumer health unit valued at $40 billion ahead of IPO, report says
Johnson & Johnson logo SOPA Images | LightRocket | Getty Images Johnson & Johnson‘s consumer health business is valued at $40 billion ahead of its initial public offering later this year, according to a report by The Wall Street Journal. The soon-to-be spinoff Kenvue aims to raise $3.5 billion or more in the offering, people […]
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Supreme Court docket states abortion capsule mifepristone will continue being broadly readily available throughout authorized battle
Demonstrators rally in help of abortion legal rights at the US Supreme Court docket in Washington, DC, April 15, 2023. Andrew Caballero-Reynolds | AFP | Getty Visuals The Supreme Court docket on Friday ordered the abortion tablet mifepristone to keep on being broadly obtainable as litigation plays out in a decrease court docket. The substantial […]
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