Annovis' Alzheimer's treatment helps improve cognition in trial
(Reuters) -Annovis Bio said on Monday its Alzheimer's treatment showed significantly higher improvement in cognition in patients during a mid-stage trial. The company's drug buntanetap works by decreasing the production of amyloid beta protein, believ...
9h ago
US FDA publishes final rule for laboratory developed tests
(Reuters) - The U.S. Food and Drug Administration (FDA) on Monday published the final rule to ensure safety and effectiveness of laboratory developed tests (LDTs), which are designed, manufactured and used within a clinical laboratory. (Reporting ...
11h ago
India's Manipal Hospitals acquires majority stake in Medica Synergie
BENGALURU (Reuters) - India's Manipal Hospitals has agreed to acquire 87% stake in Medica Synergie and will integrate Medica Synergie into its portfolio and rebrand it, Manipal said on Monday. (Reporting by Ashna Teresa Britto in Bengaluru; Editin...
12h ago
US FDA approves X4 Pharmaceuticals' therapy for immunodeficiency disease
By Christy Santhosh (Reuters) -X4 Pharmaceuticals said on Monday the U.S. FDA has approved its therapy to treat a rare genetic immunodeficiency disease in patients 12 years of age and older, sending its shares up 16% before the bell. X4's mavorixafor, ...
13h ago
Japan's Ono Pharmaceutical to buy Deciphera for $2.4 billion
(Reuters) - Deciphera Pharmaceuticals said on Monday Japan's Ono Pharmaceutical Co will acquire the cancer drug developer for $2.4 billion in cash. Ono Pharma has offered $25.60 per share, a premium of 74.7% to the U.S. company's last closing price...
13h ago
Morphosys says Novartis takeover progressing as planned for H1 2024
BERLIN (Reuters) - Morphosys said its takeover by Novartis was still expected to be closed in the first half of this year, in a statement responding to a possible safety risk reported by specialist news website STAT News that knocked the company's ...
15h ago
Analysis-Philip Morris faces key test with US heated tobacco push
By Emma Rumney LONDON (Reuters) - Philip Morris International's goals for heated tobacco in the United States are reachable, analysts and investors say, even though rivals see limited potential in a market where vaping dominates. The world's bigges...
19h ago
Philips pays $1.1 billion in U.S. settlement over ventilator recall
AMSTERDAM (Reuters) - Dutch medical devices maker Philips said on Monday it had agreed to pay $1.1 billion in a settlement of personal injury cases in the United States related to the global recall of ventilators used to treat sleep apnea. Philips ...
19h ago
US food regulator gathering information on Indian spices after alleged contamination
HYDERABAD (Reuters) - The U.S. Food and Drug Administration (FDA) is gathering information on products of Indian spice makers MDH and Everest after Hong Kong halted sales of some of their products for allegedly containing high levels of a cancer-ca...
Apr 27, 2024
CVS Omnicare staff in Las Vegas vote to join new union
(Reuters) - Staff at CVS Health's unit Omnicare in Las Vegas voted to join the Pharmacy Guild, becoming the first location at the national pharmacy chain to join the union. About 87% of workers at CVS Omnicare, a provider of pharmacy services to lo...
Apr 26, 2024
Biden administration to drop plan to ban menthol cigarettes, WSJ reports
(Reuters) - The Biden administration is reversing course on its plan to ban menthol cigarettes, the Wall Street Journal reported on Friday, citing people familiar with the matter. The administration is expected to announce its decision as soon as F...
Apr 26, 2024
WHO says bird flu risk currently low, asks countries to remain vigilant
(Reuters) -The current overall public health risk posed by the H5N1 bird flu virus is low, the World Health Organization said on Friday, but urged countries to stay alert for cases of animal-to-human transmission. The UN-agency said countries should im...
Apr 26, 2024
Bayer CEO wins first AGM shareholder vote
(Reuters) - Bayer CEO Bill Anderson on Friday won a vote of confidence at his first annual general meeting (AGM) at the helm of the embattled healthcare and agriculture group, defying a challenge from one German fund managing house. Bayer said inv...
Apr 26, 2024
PE firm Advent to invest $297 million in India's Apollo Hospitals unit
BENGALURU (Reuters) -PE firm Advent International will invest 24.75 billion rupees (nearly $297 million) in Apollo Hospitals' unit Apollo HealthCo and will merge its online pharmacy vertical 'Apollo 24/7' with pharmacy distributor Keimed, the hospital ...
Apr 26, 2024
US FDA says about 1 in 5 commercial milk samples tested positive for bird flu traces
(Reuters) -About one in five samples of commercial milk in the U.S. tested positive for traces of bird flu in a national survey, with a greater proportion coming from areas with infected herds, the U.S. Food and Drug Administration said. There is no ev...
Apr 26, 2024
AbbVie raises annual profit forecast on strong Skyrizi sales
By Leroy Leo and Christy Santhosh (Reuters) - AbbVie raised its annual profit forecast on Friday after strong sales of its immunology drug Skyrizi and cancer drug Imbruvica helped the company beat Wall Street estimates for the first quarter. The c...
Apr 26, 2024
HCA beats first-quarter profit estimates on higher patient admissions
(Reuters) - HCA Healthcare on Friday beat Wall Street estimates for quarterly profit, helped by higher patient admissions due to demand for healthcare services. The hospital operator, however, reaffirmed its annual forecast. In the first quarter, H...
Apr 26, 2024
Centene raises 2024 profit forecast on strength in commercial plans
(Reuters) - Centene Corp raised annual profit forecast and beat Wall Street estimates for first-quarter profit on Friday, helped by higher premiums from its commercial insurance business. The health insurer banks more on commercial plans and state ...
Apr 26, 2024
US FDA approves Pfizer's gene therapy for rare bleeding disorder
(Reuters) - The U.S. Food and Drug Administration approved Pfizer's gene therapy for hemophilia B on Friday, the second such therapy for the rare bleeding disorder that typically requires regular infusions of a blood-clotting protein. People with h...
Apr 26, 2024
Bayer investor Deka takes a stand against CEO in annual vote
By Patricia Weiss and Ludwig Burger FRANKFURT (Reuters) - Bayer shareholder Deka Investment said on Friday it would not join other large investors in supporting the healthcare and agriculture group's management at its annual general meeting. Two ot...
Apr 26, 2024
Capsizing of Tuvalu boat carrying vaccines highlights climate change challenges, UNICEF says
By Kirsty Needham SYDNEY (Reuters) - The capsizing of a boat carrying childhood vaccines and health workers in Tuvalu underscored the challenges of healthcare in remote Pacific Islands as they battle extreme weather caused by climate change, the U....
Apr 26, 2024
Healthpeak Properties increases 2024 FFO forecast owing to higher demand
(Reuters) - Healthpeak Properties raised its annual funds from operations (FFO) forecast on Thursday, banking on resilient demand for its medical office and life science properties. The U.S. healthcare-centric real estate investment trust (REIT) ma...
Apr 26, 2024
ResMed tops quarterly profit estimates on strong demand for sleep apnea devices
(Reuters) - ResMed beat Wall Street estimates for quarterly profit on Wednesday due to strong demand for its sleep apnea devices, sending shares 9% higher in extended trading. The California-based company reported adjusted profit of $2.13 per share...
Apr 26, 2024
Edwards Lifesciences first-quarter profit beats estimates on heart devices strength
(Reuters) - Edwards Lifesciences Corp on Thursday reported upbeat first-quarter profit due to strong demand for its artificial heart valves and other medical devices. The California-based company now expects annual sales growth to be at the higher ...
Apr 26, 2024
US states sue over agency rule on protections for workers who get abortions
By Daniel Wiessner (Reuters) - A group of Republican-led U.S. states filed a lawsuit on Thursday seeking to block a federal rule that gives workers who had abortions the same legal protections as workers who are pregnant or recently gave birth. The...
Apr 26, 2024