Biotechnology
Pharmacy staff from Walgreens, other chains could stage nationwide walkout and rallies in coming weeks
A woman walks near a Walgreens pharmacy on March 09, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images Pharmacy staff from Walgreens are laying the groundwork for a nationwide walkout and multiple rallies at the end of October to protest unsatisfactory working conditions, and are in talks with employees from […]
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Novo Nordisk hikes outlook on soaring demand for Wegovy, Ozempic
An Ozempic (semaglutide) injection pen is seen on a kitchen table in Riga, Latvia on 06 August, 2023. Jaap Arriens | Nurphoto | Getty Images Novo Nordisk on Friday raised its outlook for its full-year sales and operating profit due to soaring demand for its blockbuster weight loss drug Wegovy and diabetes treatment Ozempic. The […]
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Incoming Walgreens CEO doesn’t mention walkouts as he praises pharmacy staff
Tim Wentworth, CEO of Express Scripts. David A. Grogan | CNBC Incoming Walgreens CEO Tim Wentworth on Thursday briefly praised the company’s pharmacy staff, but made no mention of the three-day protest walkouts they held this week over poor working conditions. The walkouts reflect rising dissatisfaction among pharmacy employees, who have complained for years about […]
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Walgreens profit outlook comes up short as demand declines for Covid vaccines and tests
A man walks near a Walgreens pharmacy on March 09, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images Walgreens on Thursday offered soft profit guidance and reported fiscal fourth-quarter earnings that fell short of expectations, as demand for Covid vaccines and tests sinks in the U.S. The retail pharmacy giant […]
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Cramer says Vertex has a drug that may address the ‘largest market opportunity in the world’
CNBC’s Jim Cramer on Monday suggested that investors keep an eye on Vertex Pharmaceuticals (VRTX), a biotechnology company developing a drug to treat acute pain that is not an opioid. “The biggest pharmacy issue [is] how do we get pain removed, or at least nullified, without opiates? They have a plan — Vertex,” Cramer said […]
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Novavax’s updated Covid vaccine can still catch up to Pfizer, Moderna shots this fall
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 Americans can finally get their hands on Novavax‘s newest Covid vaccine after U.S. regulators greenlighted the shot this week. […]
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Kaiser Permanente health workers threaten more strikes if demands not met
Striking Kaiser Permanente workers hold signs as they march in front of the Kaiser Permanente Vallejo Medical Center on October 06, 2023 in Vallejo, California. Justin Sullivan | Getty Images Kaiser Permanente workers on Friday threatened further strikes if executives don’t meet their demands over health-care staffing and job outsourcing. More than 75,000 Kaiser workers […]
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Kaiser Permanente workers strike for second day after negotiations fail to reach labor contract
Kaiser Permanente employees, joined by Union members representing the workers, walk the picket line in Los Angeles, California on October 4, 2023. Frederic J. Brown | AFP | Getty Images Tens of thousands of Kaiser Permanente workers remained on strike for a second day after negotiators failed to reach an agreement to end a dispute […]
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Weight loss drugs may be linked to stomach paralysis, other rare but severe issues, study says
Still life of Wegovy an injectable prescription weight loss medicine that has helped people with obesity. It should be used with a weight loss plan and physical activity. Michael Siluk | UCG | Getty Images Blockbuster weight loss and diabetes drugs like Wegovy and Ozempic may be associated with an increased risk of three rare, […]
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Lab owner who defrauded Medicare to forfeit $187 million, Ferrari
Exhibit from court record: 2018 Red Ferrari Spider. Source: U.S. DOJ A Miami federal judge ordered a lab owner convicted of defrauding Medicare to forfeit more than $187 million worth of proceeds from the scam, including $30 million in cash, a 2018 Ferrari Spider and real estate, the Department of Justice said Wednesday. The lab […]
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