Health care industry
Neuralink’s first in-human brain implant has experienced a problem, company says
Jonathan Raa | Nurphoto | Getty Images Elon Musk’s startup Neuralink on Wednesday said part of its brain implant malfunctioned after it put the system in a human patient for the first time. Neuralink has built a brain-computer interface, or a BCI, that could eventually help patients with paralysis control external technology using only their […]
Read More
AstraZeneca to withdraw Covid vaccine worldwide, citing a drop in demand
In this photo illustration a covid-19 vaccine is seen with the AstraZeneca logo in the background. (Photo Illustration by Nikos Pekiaridis/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Pharmaceutical giant AstraZeneca on Wednesday said it planned to withdraw its Covid-19 vaccine as demand for it has declined. The so-called Vaxzevria vaccine was developed […]
Read More
Healthy Returns: Eli Lilly, Novo Nordisk make progress toward boosting weight loss drug supply
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, Dec. 11, 2023. Brendan McDermid | Reuters Think a friend or colleague should be getting this newsletter? Share this link with them to sign up. Good afternoon! A highly popular group of weight loss and diabetes drugs is still hard […]
Read More
Amgen, newer rivals could threaten Novo Nordisk and Eli Lilly’s weight loss drug dominance
The injectable weight-loss medication Wegovy is available at New City Halstead Pharmacy on April 24, 2024 in Chicago, Illinois. Scott Olson | Getty Images Novo Nordisk and Eli Lilly have long dominated the rapidly growing weight loss drug market, but their duopoly is closer than ever to facing a threat from a new rival. Amgen […]
Read More
Elizabeth Holmes sees more months trimmed from prison release date
Elizabeth Holmes, founder of Theranos Inc., arrives at federal court in San Jose, California, March 17, 2023. Benjamin Fanjoy | Bloomberg | Getty Images Imprisoned Silicon Valley CEO Elizabeth Holmes has shaved more months from her initial 11-year-plus sentence for wire fraud and conspiracy, federal records show, and is due to be released two years earlier than expected. Holmes, […]
Read More
Amgen stock soars on weight loss injection progress as Novo Nordisk, Eli Lilly shares slide
Pavlo Gonchar | Lightrocket | Getty Images Amgen‘s stock rose more than 12% on Friday after the drugmaker teased positive initial data on its experimental weight loss injection. That fueled investor concerns about new competition in the rapidly growing weight loss drug industry, sending shares of the current obesity players, Novo Nordisk and Eli Lilly, […]
Read More
Amgen scraps experimental weight loss pill, moves forward with injection
The Amgen logo is displayed outside Amgen headquarters in Thousand Oaks, California, on May 17, 2023. Mario Tama | Getty Images Amgen on Thursday said it will stop developing its experimental weight loss pill and instead move forward with its injectable drug and other products in development for obesity. The announcement is a setback for […]
Read More
Moderna loses less than expected as Covid vaccine sales beat estimates, cost cuts take hold
Nikos Pekiaridis | Nurphoto | Getty Images Moderna on Thursday posted a narrower-than-expected loss for the first quarter as the company’s cost-cutting efforts took hold and sales of its Covid vaccine, its only commercially available product, topped estimates. The results come as Moderna inches closer to putting another product on the market, which it badly […]
Read More
UnitedHealth CEO estimates a person-3rd of People could be impacted by Adjust Healthcare cyberattack
Omar Marques | Lightrocket | Getty Photos UnitedHealth Team CEO Andrew Witty on Wednesday explained to lawmakers that data from an approximated a single-3rd of People could have been compromised in the cyberattack on its subsidiary Adjust Health care, and that the organization compensated a $22 million ransom to hackers. Witty testified in entrance of […]
Read More
UnitedHealth CEO tells lawmakers the business paid hackers a $22 million ransom
UnitedHealth Group CEO Andrew Witty confirmed for the to start with time that the company paid out a $22 million ransom to hackers who breached its subsidiary Adjust Healthcare and prompted popular fallout throughout the overall health-care sector. Witty’s comments were manufactured during a Wednesday hearing in advance of the U.S. Senate Committee on Finance. […]
Read More