Biotech and Pharmaceuticals
These 3 stocks are troubled but I’m not ready to give up
If you were to tell me that Club names Estee Lauder (EL) or Danaher (DHR) would ever miss their quarters not once but twice, I would have told you to go get your head examined. These are clockwork beat and raise companies, which is why it’s so hard to value them now. Johnson & Johnson […]
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Eli Lilly to acquire Dice Therapeutics for $2.4 billion in autoimmune treatment push
David Ricks, CEO, Eli Lilly Scott Mlyn | CNBC Eli Lilly on Tuesday said it struck a $2.4 billion deal to acquire Dice Therapeutics in a bid to bulk up its treatment portfolio for immune-related diseases. Eli Lilly will pay $48 per share in cash to buy Dice, representing around a 40% premium to where […]
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Pfizer, Moderna and Novavax gear up for fall Covid vaccine rollout with an important head start
A pharmacist prepares to administer COVID-19 vaccine booster shots during an event hosted by the Chicago Department of Public Health at the Southwest Senior Center on September 09, 2022 in Chicago, Illinois. Scott Olson | Getty Images The U.S. Food and Drug Administration’s Covid strain selection for the next round of shots puts Pfizer, Moderna […]
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Drugmakers aim to strike down Medicare drug-price negotiations at Supreme Court
Chief Executive Officers of pharmaceutical companies testify before the Senate Finance Committee on “Drug Pricing in America: A Prescription for Change, Part II” February 26, 2019 in Washington, DC. From left to right are Richard A. Gonzalez, chairman and CEO of AbbVie Inc; Pascal Soriot, executive director and CEO of AstraZeneca; Giovanni Caforio, chairman of […]
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These medical device makers are driving a ‘paradigm’ shift in cardiac care, Piper Sandler says
A safer, quicker way to treat some heart arrhythmia cases could be on the horizon, creating an opportunity for medical device companies Boston Scientific and Medtronic, according to Piper Sandler analyst Matt O’Brien. Atrial fibrillation (AF) is the most common type of heart arrhythmia, according to the Centers for Disease Control and Prevention. It estimates […]
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FDA recommends that updated Covid shots target omicron subvariant XBB.1.5 this fall
XBB.1.5 strain of Covid CFOTO | Future Publishing | Getty Images The U.S. Food and Drug Administration on Friday recommended that vaccine manufacturers make single-strain Covid shots for the fall that target omicron subvariant XBB.1.5, the dominant strain of the virus nationwide. “Based on the totality of the evidence, FDA has advised manufacturers who will […]
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Biden to appoint Mandy Cohen to lead the CDC
Dr. Mandy Cohen speaks at a news conference at the Emergency Operations Center in Raleigh, North Carolina, Nov. 10, 2021. Bryan Anderson | AP President Joe Biden on Friday said he will appoint Dr. Mandy Cohen to lead the Centers for Disease Control and Prevention. Cohen served as the head of North Carolina’s Department of […]
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FDA advisors raise doubts about seasonal updates to Covid vaccines as with flu shots
A person receives a COVID-19 vaccination dose, during a free distribution of COVID-19 rapid test kits for those who received vaccination shots or booster shots, at Union Station on January 7, 2022 in Los Angeles, California. Mario Tama | Getty Images The U.S. Food and Drug Administration’s independent panel of advisors raised doubts about the […]
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China’s Xi tells Invoice Gates he is the ‘first American friend’ he satisfied in Beijing this yr
Invoice Gates, co-chairman of the Bill and Melinda Gates Basis, all through the EEI 2023 event in Austin, Texas, US, on Monday, June 12, 2023. Jordan Vonderhaar | Bloomberg | Getty Photographs Chinese President Xi Jinping met Microsoft‘s co-founder Monthly bill Gates on Friday and explained he hopes the friendship involving Chinese and Americans will […]
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FDA advisors recommend that new Covid vaccines target an omicron XBB variant this fall
A woman receives a booster dose of the Moderna coronavirus disease (COVID-19) vaccine at a vaccination centre in Antwerp, Belgium, February 1, 2022. Johanna Geron | Reuters The U.S. Food and Drug Administration’s independent panel of advisors on Thursday recommended that updated Covid shots for the fall and winter target one of the XBB variants, […]
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