Biotech and Pharmaceuticals
Danco Laboratories asks Supreme Court to decide abortion pill case
U.S. President Joe Biden delivers remarks on abortion rights in a speech hosted by the Democratic National Committee (DNC) at the Howard Theatre in Washington, October 18, 2022. Leah Millis | Reuters The drug company Danco Laboratories has asked the Supreme Court to review the case challenging the legality of the abortion pill mifepristone. Danco’s […]
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This health-care stock is set to complete another spin-off. Here’s what it means for our position in the stock
Medical equipment giant Danaher (DHR) will officially spin off its environmental-and-applied solutions segment later this month, and our plan is to remain invested in the soon-to-be standalone company, known as Veralto, which will trade under the ticker symbol VLTO. That expectation was reinforced Wednesday when Veralto management delivered a presentation for investors and Wall Street […]
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Carl Icahn says new Illumina CEO has his ‘full support’ months after proxy fight
Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Carl Icahn on Thursday expressed his support for Illumina‘s new CEO Jacob Thaysen – a relief for the company as it tries to rebound from a bitter proxy fight with the billionaire activist investor. “I think he […]
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Blockbuster weight loss drugs Wegovy and Ozempic are being tested to treat addiction and dementia
Weight loss drugs are being assessed for their ability to treat conditions like dementia and addiction after a landmark study showed that Wegovy helped reduce the risk of heart attacks and strokes. Bloomberg | Bloomberg | Getty Images LONDON — Scientists have begun investigating whether so-called miracle obesity drugs could be used to treat conditions […]
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Covid hospitalizations spike with new variant as school returns, U.S. readies vaccines
Medical staff treat a coronavirus disease (COVID-19) patient in their isolation room on the Intensive Care Unit (ICU) at Western Reserve Hospital in Cuyahoga Falls, Ohio, U.S., January 4, 2022. Shannon Stapleton | Reuters Covid hospitalizations are increasing substantially across much of the U.S. for the first time this year, just as students are returning […]
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Moderna says updated Covid vaccine was effective against highly mutated BA.2.86 variant in trial
Artur Widak | Nurphoto | Getty Images Moderna‘s new Covid vaccine produced a strong immune response against BA.2.86, a highly mutated omicron variant that health officials are watching closely, according to clinical trial data the biotech company released Wednesday. The updated shot produced an 8.7-fold increase in protective antibodies against BA.2.86, which has been detected […]
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The FTC cleared Amgen’s $27.8 billion Horizon buyout — here’s what it means for other massive pharma deals
Robert Galbraith | Reuters The Federal Trade Commission last week allowed Amgen to move forward with its $27.8 billion acquisition of Horizon Therapeutics under a settlement agreement – a move that could have ramifications for a string of other pharmaceutical industry buyouts. Some Wall Street analysts said the FTC’s decision allows the sector to breathe […]
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Illumina names new CEO months after Icahn proxy fight over Grail deal
A building on the campus at the world headquarters of Illumina is shown in San Diego, California, Sept. 1, 2021. Mike Blake | Reuters Illumina‘s board on Tuesday named Jacob Thaysen the DNA sequencing company’s new CEO as it tries to rebound from a grinding dispute over its acquisition of cancer test developer Grail. Thaysen, […]
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Can you use expired Covid tests? What to know as cases rise, new variants emerge
In this photo illustration, Abbott’s at-home covid-19 rapid test kits are seen on display in Orlando. Paul Hennessy | LightRocket | Getty Images As Covid cases surge again in the U.S., Americans are digging out unused at-home tests that they stashed earlier on in the pandemic. Many of those tests may have passed their expiration […]
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Novo Nordisk’s Wegovy weight loss drug launches in the Uk
Offers of the weight-loss drug Wegovy from the pharmaceutical business Novo Nordisk lie on the income counter in a Danish pharmacy. Stefan Trumpf | Photo Alliance | Getty Photographs Novo Nordisk introduced its Wegovy pounds decline injection in the U.K. on Monday, advancing the drug’s rollout in Europe regardless of ongoing source constraints. The Danish […]
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