Biotech and Pharmaceuticals
WHO convenes experts to decide if monkeypox is an emergency
Pavlo Gonchar | Lightrocket | Getty Images The World Health Organization will convene an emergency committee of experts to determine if the expanding monkeypox outbreak that has mysteriously spread outside Africa should be considered a global health emergency. WHO Director-General Tedros Adhanom Ghebreyesus said Tuesday he decided to convene the emergency committee on June 23 because the […]
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Some monkeypox patients also have sexually transmitted diseases, CDC says
Some people recently diagnosed with sexually transmitted diseases may also have monkeypox, the Centers for Disease Control and Prevention said, warning physicians that they need to watch and test for both since monkeypox can look a lot like an STD. CDC Director Rochelle Walensky said some patients with monkeypox also had syphilis, herpes, gonorrhea or […]
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Signs point to biotech M&A heating up, Wells Fargo says. Here’s where to look
The pace of biotech deals is likely to pick up, but investors should think about smaller targets, said Wells Fargo analyst Mohit Bansal. Bansal called out both enticing valuations for small- and mid-cap biotech companies, which are now trading at an enterprise value of about one times cash, on average, and a tough regulatory environment […]
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FDA decision on Novavax’s Covid shots could be delayed to review changes in manufacturing
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Patrick Van Katwijk | Getty Images The Food and Drug Administration needs to review changes to Novavax’s manufacturing process before it can authorize the biotech […]
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Federal agency can expand access to birth control under Medicaid if Roe v. Wade is overturned
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 In her first year as administrator of the Centers for Medicare and Medicaid Services, Chiquita Brooks-Lasure […]
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Eli Lilly’s new diabetes drug continues to show promise as an obesity treatment
Eli Lilly continues to work on commercializing its strong innovation pipeline, which is a key reason the CNBC Investing Club owns the stock. Source
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Novavax Covid vaccine clears key step on path to FDA authorization after committee endorses the shot
Novavax’s two-dose dose Covid-19 vaccine for adults ages 18 and older cleared a key step on the path toward Food and Drug Administration authorization on Tuesday. The FDA’s committee of independent vaccine experts voted 21 to 0 with one abstention to recommend authorization of the shot for use in the U.S. after an all-day public […]
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Novavax faces high stakes FDA review this week that will decide the fate of its Covid vaccine in the U.S.
In this photo illustration the Food and Drug Administration (FDA) and Novavax logos are seen behind a medical syringe and vials. Pavlo Gonchar | LightRocket | Getty Images Novavax’s Covid-19 vaccine will face the scrutiny of the Food and Drug Administration’s independent immunization experts this week, a crucial step on the path toward U.S. regulatory […]
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U.S. has more than 36,000 Jynneos monkeypox vaccine doses immediately available in national stockpile
The United States has more than 36,000 doses of the Jynneos monkeypox vaccine immediately available in the strategic national stockpile, according to the Health and Human Services Department. The Centers for Disease Control and Prevention is sending the vaccine to people who have had high risk exposures to the virus in an effort to stop […]
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Abbott Nutrition restarts baby formula production in reopened Michigan plant
Shelves normally meant for baby formula sit nearly empty at a store in downtown Washington, DC, on May 22, 2022. Samuel Corum | AFP | Getty Images Abbott Nutrition on Saturday resumed baby formula production at its Sturgis, Michigan, plant, a move toward addressing a nationwide shortage. The company has been given the green light […]
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