Bankrupt Steward Health puts its hospitals up for sale, discloses $9 billion in debt
By Dietrich Knauth NEW YORK (Reuters) - Bankrupt Steward Health Care has put all of its 31 U.S. hospitals up for sale, hoping to finalize transactions by the end of the summer to address its $9 billion in total liabilities, its attorneys said at a ...
6h ago
Florida sues Biden administration over new transgender healthcare rule
By Brendan Pierson (Reuters) - Florida's top prosecutor and a Catholic medical group on Tuesday sued the Biden administration in an effort to block a rule that they say will force doctors to provide gender transition care against their judgment or ...
10h ago
US FDA panel to discuss Eli Lilly Alzheimer's drug on June 10
(Reuters) - Eli Lilly said on Tuesday a panel of independent U.S. FDA advisers will discuss whether the agency should approveits Alzheimer's disease drug, donanemab, on June 10. A possible approval for donanemab would pit it against a similar thera...
12h ago
Tylenol maker Kenvue beats quarterly profit estimates, to cut 4% jobs
(Reuters) - Kenvue beat Wall Street estimates for first-quarter profit on Tuesday, and said it would cut 4% of its global workforce amid the Tylenol and Band-Aid maker's efforts to expand its key brands. Since its spinoff from Johnson & Johnson in ...
15h ago
Fresenius Medical beats earnings expectations, keeps outlook; shares sink
By Bartosz Dabrowski (Reuters) - Fresenius Medical Care beat first-quarter operating earnings expectations on Tuesday amid higher pricing and cost-cut savings, but the German company still maintained its profit outlook for 2024, sending its shares ...
18h ago
US Social Security, Medicare finances get slight boost from stronger economy
WASHINGTON (Reuters) - Trust funds supporting Social Security and Medicare benefits for U.S. seniors are showing some improvement due to stronger-than-forecast economic growth, productivity and immigration that is boosting revenue collections, acco...
May 06, 2024
US CDC asks states to make worker protective gear available to combat bird flu
(Reuters) - The U.S. Centers for Disease Control and Prevention (CDC) said on Monday it had met with state health officials and asked them to facilitate distribution of protective gear for farm workers to avoid infection against H5N1 bird flu. The ...
May 06, 2024
US FDA panel to discuss first psychedelic-assisted PTSD treatment next month
(Reuters) - The U.S. Food and Drug Administration's panel of independent advisers will on June 4 deliberate whether they should recommend approval for the first MDMA-assisted therapy for post-traumatic stress disorder, Lykos Therapeutics said on Mo...
May 06, 2024
Vertex tops Q1 profit estimates on robust demand for cystic fibrosis treatments
(Reuters) - Vertex Pharmaceuticals beat Wall Street estimates for first-quarter profit on Monday, driven by robust uptake for its cystic fibrosis treatments. Cystic fibrosis (CF) - an inherited disorder that causes severe damage to the lungs, diges...
May 06, 2024
New York state sues group over abortion pill reversal claims
By Brendan Pierson (Reuters) - New York state's top prosecutor on Monday sued Heartbeat International, an anti-abortion group, and 11 crisis pregnancy centers, accusing them of misleading and potentially endangering women by claiming that they can ...
May 06, 2024
People with two copies of a risk gene have genetic form of Alzheimer's, scientists say
By Julie Steenhuysen CHICAGO (Reuters) - People who carry two copies of the APOE4 gene are virtually guaranteed to develop Alzheimer's and face symptoms at an earlier age, researchers reported on Monday in a study that could redefine such carriers...
May 06, 2024
U.S. hospital network Steward files for bankruptcy, aims for new loan
By Dietrich Knauth NEW YORK (Reuters) - Steward Health, which operates 30 hospitals in nine U.S. states, filed for Chapter 11 bankruptcy in Texas on Monday, aiming to secure a new loan from its landlord Medical Properties Trust. The privately-owned...
May 06, 2024
Novavax's top shareholder Shah Capital ramps up efforts for board shakeup
(Reuters) - Hedge fund Shah Capital on Monday urged Novavax shareholders to vote against the re-election of three directors and proposals related to executive compensation, ramping up its efforts for a board shakeup at the COVID-19 vaccine maker. S...
May 06, 2024
Gossamer Bio and Chiesi Group to collaborate for blood pressure treatment
(Reuters) - Gossamer Bio said on Monday it will collaborate with Chiesi Group to develop and commercialize its drug seralutinib in multiple indications related to blood pressure conditions. Gossamer is to receive $160 million development reimbursem...
May 06, 2024
China should boost number of ICU beds, state agencies say
By Andrew Silver SHANGHAI (Reuters) - China should increase the number of intensive care unit (ICU) beds over the next few years as part of its public health measures, several state agencies recommended in a joint statement published on Monday. The...
May 06, 2024
BioNTech says 90% of 2024 revenues will accrue at end of year
FRANKFURT (Reuters) - Germany's BioNTech, whose COVID-19 vaccine in partnership with Pfizer was widely used during the pandemic, said on Monday that almost all of its expected 2024 revenues would come in at the end of the year. BioNTech said in a s...
May 06, 2024
Canada toughens import requirements on US breeding cattle over bird flu concerns
(Reuters) - The Canadian Food Inspection Agency (CFIA) has toughened import requirements on U.S. breeding cattle over the H5N1 bird flu virus, the agency said in a statement on Friday. The first confirmed case of Highly Pathogenic Avian Influenza (...
May 04, 2024
At least 42 die from measles outbreak in northeast Nigeria
By Percy Dabang YOLA, Nigeria (Reuters) - At least 42 deaths have been recorded from a measles outbreak in just over a week in Nigeria's northeastern state of Adamawa, the state's health commissioner said on Friday. Measles is a highly contagious, ...
May 03, 2024
US health officials warn dairy workers are at risk from bird flu
By Julie Steenhuysen CHICAGO (Reuters) - U.S. health officials on Friday warned that dairy workers remain at risk from the H5N1 bird flu virus that is infecting dairy herds, and urged them to wear protective gear to avoid infection. The U.S. CDC ur...
May 03, 2024
Drugmaker Amneal agrees to $270 million U.S. opioid settlement
By Nate Raymond (Reuters) - Amneal Pharmaceuticals said on Friday it had reached a deal valued at more than $270 million to resolve claims it helped fuel the deadly U.S. opioid epidemic, becoming the latest drug company to settle lawsuits over the ...
May 03, 2024
US FTC seeks more information on Novo Nordisk parent-Catalent deal
(Reuters) - The U.S. Federal Trade Commission has sought additional information about a $16.5 billion deal by Novo Nordisk's parent to buy manufacturing subcontractor Catalent. The deal was announced in February and Novo Nordisk Foundation has sinc...
May 03, 2024
Amgen shares jump after teasing 'encouraging' weight loss data
(Reuters) - U.S. drugmaker Amgen's shares jumped 13% to $316.26 premarket on Friday as the company teased encouraging data for its experimental obesity drug, igniting investor hopes but leaving Wall Street frustrated over a lack of details. Amgen, ...
May 03, 2024
Biden expands health insurance access for DACA immigrants
By Ted Hesson WASHINGTON (Reuters) - U.S. President Joe Biden's administration will allow certain immigrants illegally brought to the U.S. as children greater access to federally run health insurance, the White House said on Friday, addressing a se...
May 03, 2024
Brazil declares country foot-and-mouth disease-free without vaccination
SAO PAULO (Reuters) - Brazil declared itself on Thursday as free of foot and mouth disease without vaccination, and will request World Organization for Animal Health (WOAH) to recognize that status as it seeks to open more markets for its meat expo...
May 02, 2024
DaVita gains after upbeat quarterly profit prompts annual forecast raise
(Reuters) - DaVita raised its annual profit forecast on Thursday banking on strong demand for its kidney dialysis services, sending its shares up 3.7% in trading after the bell. The healthcare services provider raised the lower end of its 2024 adju...
May 02, 2024