Pharmaceuticals
Merck revenue falls after dramatic drop in sales of Covid antiviral treatment
Medicine pill is seen with Merck logo displayed on a screen in the background in this illustration photo taken in Poland on October 4, 2021. NurPhoto | NurPhoto | Getty Images Merck on Thursday reported first-quarter revenue that fell 9% from the same period a year ago largely due to a steep drop in sales […]
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The EU outlined its program to equalize drug obtain and lessen costs. Pharma companies are not happy
A molecular biologist examines wastewater samples for pathogens in the basic safety laboratory at the Max Delbrück Heart for Molecular Medicine in Mitte. Photo Alliance | Image Alliance | Getty Illustrations or photos The European Union on Wednesday introduced its prolonged-awaited overhaul of present pharmaceutical laws, reflecting the bloc’s most significant shake-up of rules governing […]
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Biogen isn’t concerned about competing with Eli Lilly in the Alzheimer’s drug space, CEO says
A person skateboards past Biogen Inc. headquarters in Cambridge, Massachusetts, on Monday, June 7, 2021. Adam Glanzman | Bloomberg | Getty Images Biogen isn’t worried about competing with Eli Lilly as they both attempt to bring an Alzheimer’s drug to the market, Biogen’s CEO said Tuesday. “I think it will be good if there are […]
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FDA grants accelerated approval for Biogen ALS drug that treats rare form of the disease
A pedestrian walks past Biogen Inc. headquarters in Cambridge, Massachusetts, on Monday, June 7, 2021. Adam Glanzman | Bloomberg | Getty Images The Food and Drug Administration on Tuesday granted accelerated approval for Biogen‘s drug tofersen, which treats a rare and aggressive form of the disease known as ALS. Accelerated approval is an FDA designation […]
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Johnson & Johnson consumer health unit valued at $40 billion ahead of IPO, report says
Johnson & Johnson logo SOPA Images | LightRocket | Getty Images Johnson & Johnson‘s consumer health business is valued at $40 billion ahead of its initial public offering later this year, according to a report by The Wall Street Journal. The soon-to-be spinoff Kenvue aims to raise $3.5 billion or more in the offering, people […]
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Eli Lilly, Novo Nordisk and Sanofi CEOs to testify before Senate on lowering insulin prices
In this photo illustration, an insulin pen manufactured by the Novo Nordisk company is displayed on March 14, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images The top executives of the three drug companies that control 90% of the global insulin market will testify May 10 before the Senate Health […]
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U.S. individual bankruptcy choose halts 40,000 talc-most cancers lawsuits in opposition to Johnson & Johnson
In this image illustration, a container of Johnson and Johnson little one powder is displayed on April 05, 2023 in San Anselmo, California. Justin Sullivan | Getty Illustrations or photos A federal bankruptcy choose on Thursday halted around 40,000 lawsuits that allege Johnson & Johnson‘s little one powder and other talc solutions brought on cancer. […]
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DOJ charges 18 people — including doctors — in massive Covid health care fraud takedowns
Eighteen people, some of them doctors, were criminally charged with Covid-19 health-care fraud schemes that netted hundreds of millions of dollars from false billings and theft from federally-funded programs, the Department of Justice said Thursday. The charges, which span nine federal judicial districts, comprise the largest coordinated law enforcement action in the U.S. targeting fraud […]
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Moderna teams up with IBM to put AI, quantum computing to work on mRNA technology used in vaccines
Sopa Images | Lightrocket | Getty Images Moderna and IBM are teaming up to use generative artificial intelligence and quantum computing to advance mRNA technology, the development at the core of the company’s blockbuster Covid vaccine, the companies announced Thursday. “We are excited to partner with IBM to develop novel AI models to advance mRNA […]
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Abbott Labs shares pop as revenue, earnings defy steep drop in Covid test sales
The Abbott manufacturing facility in Sturgis, Michigan, on May 13, 2022. Jeff Kowalsky | AFP | Getty Images Shares of Abbott Laboratories popped Wednesday after the company’s earnings and revenue topped Wall Street’s expectations, defying a dramatic slowdown in sales of its Covid-19 tests. The medical products company posted adjusted earnings per share of $1.03. […]
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