Biotech and Pharmaceuticals
‘Robot pills’ could one day help patients avoid needles. The stocks are cheap, but risky
Ask most patients if they prefer to receive medicine by swallowing a pill, by injection or infusion, and most will likely opt for the pill. But that’s not always possible for drugs that use delicate molecules that can’t tolerate the physical and chemical conditions in the gastrointestinal tract. That’s where a number of early-stage drug […]
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Judge withdraws from Medicare drug price case after stock ownership is revealed
Ohio Governor Mike DeWine, right, shakes hands with Judge Thomas Rose of the U.S. District Court Southern District of Ohio after taking his oath of office, Monday, Jan. 14, 2019, in Cedarville, Ohio. John Minchillo | AP A federal judge on Friday withdrew from a case that could block Medicare from negotiating over drug prices, […]
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When to wear masks as Covid cases rise, new variants emerge in the U.S.
Michael Nason, 29, left, and Donna Nason, 25, right, both of Bakersfield are wearing a face mask in Union Station on Thursday, Aug. 31, 2023, in Los Angeles, CA. COVID-19 making a comeback in California. Francine Orr | Los Angeles Times | Getty Images An uptick in Covid cases and hospitalizations in the U.S., and […]
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FTC allows Amgen to move forward with $27.8 billion Horizon Therapeutics acquisition
The Amgen logo is displayed outside Amgen headquarters on May 17, 2023 in Thousand Oaks, California. Mario Tama | Getty Images The Federal Trade Commission on Friday said it has reached a deal with drug giant Amgen to allow the company’s $27.8 billion purchase of Horizon Therapeutics to move forward. The FTC filed a lawsuit […]
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Ozempic could be the next target of Medicare drug price negotiations – here’s why
A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, U.S. March 29, 2023. George Frey | Reuters Ozempic, the blockbuster diabetes treatment from Novo Nordisk, could be next in line for price negotiations between manufacturers and Medicare. […]
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HHS calls for easing restrictions on marijuana, sending cannabis stocks higher
James Romano trims flower while working in CommCans processing facility in Medway, MA on Oct. 27, 2021. Beneath the trimmed flower is a tray collecting shake, cannabis flower that has naturally broken down through handling. Shake can be used in CommCans pre-rolled joints or made into edibles. Erin Clark | Boston Globe | Getty Images […]
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Medicare wants to cut the price on an Eli Lilly drug. What it means for LLY shares
Eli Lilly headquarters in Indianapolis, Indiana, US, on Wednesday, May 3, 2023. Eli Lilly & Co.’s shares climbed in early US trading after its experimental drug for Alzheimer’s slowed the progress of the disease in a final-stage trial, paving the way for the company to apply for US approval. AJ Mast | Bloomberg | Getty […]
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Medicare drug price negotiations may have a muted impact on drugmakers in the near term
In this photo illustration, Eliquis is made available to customers at the New City Halsted Pharmacy on August 29, 2023 in Chicago, Illinois. Scott Olson | Getty Images Medicare is set to negotiate prices for 10 different drugs with manufacturers in a bid to make those costly treatments more affordable for older Americans – a […]
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Hurricane Idalia slams Florida coast with ‘catastrophic’ storm surge, damaging winds
Reporters wade through flood waters in downtown Tarpon Springs, Florida, after Hurricane Idalia passed offshore, Aug. 30, 2023. Joe Raedle | Getty Images Hurricane Idalia is moving inland after slamming into Florida’s Big Bend coast Wednesday morning as an “extremely dangerous” storm with maximum sustained winds of more than 100 miles per hour. The National […]
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Medicare pricing deal set to play a key role in Biden’s 2024 campaign pitch
U.S. President Joe Biden speaks about lowering health-care costs, in the East Room of the White House in Washington, D.C., Aug. 29, 2023. Saul Loeb | AFP | Getty Images WASHINGTON — President Joe Biden is placing a priority on reducing individual health-care costs as he seeks reelection in a country where medical spending accounts […]
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