DealsGovernmentHealth 06 November 2023, 6:28 pm 1 minute Reuters was first to report that U.S. health insurer Cigna Group (CI.N) is exploring the sale of its Medicare Advantage business, which manages government health insurance for people aged 65 and older, a move that would mark a reversal of its expansion in the sector. Market Impact … Read more
DealsHealth 17 November 2023, 11:31 am 1 minute Reuters exclusively reported that Eli Lilly (LLY.N) will build its first plant in Germany in the western town of Alzey for 2.3 billion euros ($2.5 billion), the U.S. drugmaker said on Friday, as the sector scrambles to meet soaring demand for new diabetes and obesity therapies. Market … Read more
Health 15 December 2023, 9:42 am 1 minute Reuters exclusively reported that U.S. drug regulators in September found quality control lapses at Moderna’s (MRNA.O) main factory including with equipment used to manufacture drug substance for its COVID-19 vaccine. Market Impact Moderna in September said it was in talks with its partners that fill vials and … Read more
Business & FinanceHealth 17 January 2024, 5:59 pm 1 minute Reuters exclusively reported that the European Central Bank was asking banks to detail their exposure to Spanish drugmaker Grifols and a network of companies linked to the founding family, days after the Barcelona-based business was accused of manipulating its financial accounts by a short-seller. The … Read more
Health 28 February 2024, 12:55 pm 1 minute Reuters exclusively reported that U.S. drugmaker Eli Lilly LLY.N expects to launch Mounjaro, its blockbuster diabetes drug and wildly popular obesity treatment, in India as early as next year after it clears an ongoing regulatory review. Market Impact The market opportunity is huge in the world’s most … Read more
Business & FinanceHealth 07 March 2024, 1:56 pm 1 minute Reuters exclusively reported that major Bayer shareholder Harris Associates came out in strong support of the drugmaker’s decision to suspend work on breaking up the diversified group, giving some breathing room to its embattled CEO. Market Impact The news caused Bayer’s shares to significantly narrow … Read more
Business & FinanceHealth 07 March 2024, 2:04 pm 1 minute Reuters was first to report on the early trial data for Novo Nordisk’s highly anticipated experimental drug amycretin which showed that participants had a weight loss of 13.1% after 12 weeks, prompting the company’s shares to rise to record highs and placing it above Tesla … Read more
Health 14 March 2024, 2:54 pm 1 minute Reuters was first to report on the FDA approving Madrigal Pharmaceuticals’ drug Rezdiffra, an oral drug to treat a fatty liver disease known as non-alcoholic steatohepatitis (NASH). The approval was the first of its kind. Market Impact The company’s shares surged 24% in extended trading. Article Tags … Read more
Johannesburg — The Democratic Republic of Congo, at the epicenter of a global health emergency declared over a still-growing mpox outbreak, received a first delivery of 99,000 vaccines for the virus Thursday, with a second delivery of 101,000 expected Saturday, the head of the World Health Organization said. Congolese health officials tell CBS News they … Read more
Boar’s Head faces at least seven lawsuits following the August recall of millions of pounds of its deli meat after the food company’s products were linked to a deadly listeria outbreak. The latest listeria outbreak has grown to 57 hospitalizations in 18 states linked to recalled products from Boar’s Head plant in Jarratt, Virginia. At … Read more