Pharmaceuticals
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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Health insurance stocks slide after UnitedHealth warns more surgeries will drive up medical costs
Health insurer stocks dropped on Wednesday after UnitedHealth Group warned of higher medical costs as older Americans start to catch up on surgeries they delayed during the Covid pandemic. Shares of UnitedHealth, the largest U.S. healthcare provider by market value, closed around 6% lower. Medicare-focused insurer Humana declined 11%. Elevance Health closed roughly 7% lower, […]
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Covid vaccine maker Novavax sees a pathway to survival – but it won’t be easy
Medical syringes and Novavax logo displayed in the background are seen in this illustration photo taken in Krakow, Poland on December 2, 2021. Jakub Porzycki | NurPhoto | Getty Images Novavax has a clear message for Wall Street: The cash-strapped Covid vaccine maker sees a pathway to survival. Maryland-based Novavax said as much last month […]
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Eli Lilly CEO says Medicare price negotiations could harm drug development
David Ricks, CEO, Eli Lilly. Scott Mlyn | CNBC Eli Lilly CEO David Ricks on Tuesday said Medicare price negotiations, which aim to cut costs for older Americans, could potentially harm drug development. “I’m really worried about the harm this will do to new cures and possibilities in medicine,” Ricks said in an interview on […]
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Illumina acquisition of Grail wins support from GOP lawmakers, state AGs as FTC tries to block
Rafael Henrique | Lightrocket | Getty Images Republican lawmakers, state attorneys general and several advocacy groups have voiced their support for Illumina’s acquisition of cancer test developer Grail while the Federal Trade Commission fights to unwind the deal. The groups filed 14 amicus briefs Monday urging the U.S. 5th Circuit Court of Appeals to reverse […]
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Bernie Sanders vows to oppose NIH nominee until Biden delivers plan to lower drug prices
U.S. Senator Bernie Sanders (I-VT) speaks at a press conference on Capitol Hill about 11 Senate Democrats who sent a letter to President Joe Biden urging him to invoke the 14th Amendment to avoid a catastrophic debt default, in Washington, May 18, 2023. Evelyn Hockstein | Reuters Sen. Bernie Sanders vowed to oppose President Joe […]
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Updated Covid vaccines need to target XBB omicron variants this fall, FDA staff says
Syringe with Covid-19 vaccine against the XBB Variant. Fight against virus Covid-19 Coronavirus, Vaccination and immunization. Undefined Undefined | Istock | Getty Images U.S. Food and Drug Administration staff on Monday said updated Covid boosters should target XBB omicron subvariants for the upcoming fall and winter vaccination campaign. The U.S. should use a monovalent vaccine […]
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Illumina shareholders vote to install Carl Icahn board nominee, oust chair
Rafael Henrique | Lightrocket | Getty Images Activist investor Carl Icahn on Thursday won enough support from Illumina shareholders to install one of his three nominees to the biotech company’s board of directors. Shareholders also ousted board chairman John Thompson. An Illumina spokesperson said a new board chair will be chosen in the next few […]
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FDA grants full approval to Pfizer Covid treatment Paxlovid for high-risk adults
The Food and Drug Administration on Thursday granted full approval to Pfizer’s Covid antiviral pill, Paxlovid, for adults who are at high risk of getting severely sick with the virus. Paxlovid is specifically advised for the treatment of mild to moderate Covid in adults older than 50 and people who suffer from certain medical conditions […]
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Here’s what Pfizer and Moderna say is subsequent for their Covid vaccines
A pharmacist prepares to administer COVID-19 vaccine booster pictures through an function hosted by the Chicago Division of Public Health and fitness at the Southwest Senior Middle on September 09, 2022 in Chicago, Illinois. Scott Olson | Getty Pictures 3 several years and billions of Covid vaccinations into the pandemic, Pfizer and Moderna say their […]
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