Teleflex beats quarterly profit estimates on healthy demand for medical devices
(Reuters) - Teleflex reported a better-than-expected first-quarter profit on Thursday, on the back of strong demand for its medical devices. The Wayne, Pennsylvania-based company also raised the lower end of its 2024 adjusted profit forecast to $13...
3h ago
Novartis to buy radiology specialist Mariana Oncology for $1 billion
(Reuters) - Novartis has entered an agreement to acquire US radiopharmaceutical company Mariana Oncology for $1 billion, the Swiss drug manufacturer said on Thursday. The deal also includes $750 million of potential further payments upon achieving ...
3h ago
Becton Dickinson lifts profit view on strong surgical equipment demand
(Reuters) - Becton Dickinson raised its annual profit forecast and beat second-quarter profit estimates on Thursday, as the group banks on strong demand for its surgical equipment and syringes. Medical technology firms like Becton, Boston Scientifi...
3h ago
Moderna quarterly sales beat expectations but plummet from previous year
By Patrick Wingrove (Reuters) - Moderna on Thursday reported quarterly revenue that beat Wall Street estimates but came in dramatically lower than the previous year when demand for COVID-19 vaccines was higher. Sales of Moderna's COVID-19 shot Spi...
4h ago
Regeneron misses profit estimates on weaker Eylea and Dupixent sales
(Reuters) -U.S. drugmaker Regeneron Pharmaceuticals Inc missed Wall Street estimates for first-quarter profit on Thursday due to softer sales of its blockbuster eye drug Eylea and its eczema treatment, Dupixent. Excluding items, the company reported a ...
4h ago
Cigna sees strong annual profit on lower costs, pharmacy benefit strength
(Reuters) - Health insurer Cigna Group raised its annual profit forecast on Thursday, as lower-than-expected medical costs and strength in its pharmacy benefit management unit helped it beat first-quarter earnings estimates. The company now expects...
4h ago
India widens spices crackdown with nationwide checks on all manufacturers
By Rishika Sadam HYDERABAD (Reuters) - India's food safety regulator said on Thursday it had ordered nationwide testing and inspections at all companies making spice mixes, widening a crackdown on the sector as global regulators investigate contam...
6h ago
Obesity drugmaker Novo Nordisk's Q1 profit beats forecast
LONDON (Reuters) - Novo Nordisk posted on Thursday first-quarter operating profit above analyst forecasts, as the Danish drugmaker races to boost output of its hugely popular weight-loss drug Wegovy and fend off competition from Eli Lilly. (Report...
8h ago
British pharmacies vie for weight-loss patients with drug price cuts
By Ludwig Burger (Reuters) - Online pharmacies and slimming clinics are cutting prices for Wegovy and Mounjaro in Britain just months after the weight-loss drugs were launched there, as initial supply shortages ease. But growing competition between...
9h ago
Bird flu test shows meat supply is safe, USDA says
(Reuters) - The U.S. Department of Agriculture (USDA) said on Wednesday that all the ground beef samples sent to the National Veterinary Services Laboratories (NVSL) for PCR testing, tested negative for H5N1 virus. "NVSL reported that all samples t...
10h ago
Emergent BioSolutions to lay off about 300 employees
(Reuters) -Emergent BioSolutions said on Wednesday that it would cut about 300 jobs across all areas of the company and shut down several manufacturing facilities as part of a restructuring plan. Shares of the company rose about 40% to $2.7 in extended...
16h ago
US judge blocks some North Carolina restrictions on abortion pill
By Brendan Pierson (Reuters) - A federal judge has struck down parts of a North Carolina law restricting patients' access to the abortion pill mifepristone, which has become the subject of legal battles nationwide. U.S. District Judge Catherine Eag...
21h ago
Bird flu testing shows more dairy products are safe, US FDA says
By Julie Steenhuysen and Tom Polansek NEW YORK (Reuters) -The U.S. Food and Drug Administration said on Wednesday that preliminary results of additional testing of more dairy products has shown that pasteurization inactivates the bird flu virus. The FD...
21h ago
VP Harris visits Florida as abortion ban limits southern women's options
By Nandita Bose WASHINGTON (Reuters) - U.S. Vice President Kamala Harris visits Florida on Wednesday to denounce the state's six-week abortion ban that takes effect on May 1, and will accuse Republican opponent Donald Trump of being responsible for...
22h ago
US bird flu outbreak spreads to chickens, cattle, raises concerns over human infections
(Reuters) - The outbreak of H5N1 bird flu virus has spread to dairy cows for the first time in the United States, raising concerns about it spreading to humans through the nation's milk supply. Since 2022, bird flu in the United States has infected...
May 01, 2024
UnitedHealth CEO testifies on hack before U.S. Senate and House
By Ahmed Aboulenein WASHINGTON (Reuters) -UnitedHealth CEO Andrew Witty began his first of two scheduled testimonies in front of Congressional panels on Wednesday, answering questions from lawmakers about the recent cyberattack at the company's technol...
May 01, 2024
Amgen investors await weight-loss drug data
By Deena Beasley (Reuters) - Amgen investors eyeing dramatic share price gains for rivals with successful obesity drugs will be focused on any updates the biotech company may provide on its own weight-loss drug candidates when it reports quarterly ...
May 01, 2024
Bio-Techne beats third-quarter estimates on improving demand for biotech products
(Reuters) - Bio-Techne on Wednesday beat third-quarter profit and revenue estimates, helped by better-than-expected demand for its cell and gene therapy products and testing and diagnostic devices. On an adjusted basis, the company posted a profit ...
May 01, 2024
Cencora beats profit estimates on strong demand for costly specialty drugs
(Reuters) - Cencora beat Wall Street estimates for second-quarter profit on Wednesday, driven by robust demand for costly specialty medicines that treat complex diseases such as cancer and rheumatoid arthritis. The drug distributor has been benefit...
May 01, 2024
IDEXX Labs cuts 2024 revenue forecast on lagging vet visits, strong dollar
(Reuters) - IDEXX Laboratories lowered its annual sales forecast after missing quarterly estimates on Wednesday, as the animal diagnostic equipment maker expects a hit from a slowdown in veterinary clinic visits by pet owners and a stronger dollar....
May 01, 2024
J&J advances $6.475 billion settlement of talc cancer lawsuits
By Dietrich Knauth NEW YORK(Reuters) - Johnson & Johnson is moving forward with a $6.475 billion proposed settlement of tens of thousands of lawsuits alleging that its baby powder and other talc products contain asbestos and cause ovarian cancer, t...
May 01, 2024
CVS cuts 2024 profit forecast as insurance unit faces soaring medical costs
(Reuters) -CVS Health Corp slashed its annual profit forecast and missed Wall Street estimates for first-quarter earnings on Wednesday, as elevated demand for non-urgent procedures increased medical costs at its health insurance business. The U.S. heal...
May 01, 2024
Pfizer lifts 2024 profit view on cost cuts, higher COVID vaccine demand
(Reuters) -Pfizer lifted its annual profit forecast on Wednesday, banking on cost cuts and better-than-expected demand for its COVID antiviral treatment and vaccine. The U.S. drugmaker's shares rose nearly 3% before the bell after the company said it e...
May 01, 2024
Denmark to restrict Ozempic, other GLP-1 drugs, to treat type 2 diabetes
COPENHAGEN (Reuters) - Denmark will start putting patients suffering from type 2 diabetes on cheaper drugs before prescribing so-called GLP-1 drugs such as Novo Nordisk's Ozempic, the Danish Medicines Agency said on Wednesday. In 2023, 50% of new p...
May 01, 2024
Arizona Senate expected to vote on 1864 abortion ban repeal
By Brad Brooks (Reuters) - The Arizona Senate is expected to vote on Wednesday on a measure to repeal the state's 1864 ban on abortion, which could go into effect within weeks if not struck down. The Arizona House last week passed the measure after...
May 01, 2024