Today: October 02, 2024
Today: October 02, 2024

Latest From Reuters

Business|Health

J&J-backed startup Rapport files for US IPO

Biopharmaceutical company Rapport Therapeutics, backed by the venture capital arm of Johnson & Johnson, filed for an initial public offering in the United States on Friday.

J&J-backed startup Rapport files for US IPO
Business|Health

GSK raises $1.5 billion from sale of remaining Haleon stake

British drugmaker GSK has raised 1.25 billion pounds ($1.52 billion) from a sale of its remaining stake in consumer healthcare company Haleon to institutional investors.

GSK raises $1.5 billion from sale of remaining Haleon stake
Business|Economy|Health

Cannabis stocks rally after DOJ proposal to reclassify marijuana

Cannabis stocks including Tilray, Curaleaf, and the AdvisorShares Pure US Cannabis ETF rallied on Thursday after the U.S.

Cannabis stocks rally after DOJ proposal to reclassify marijuana
Business|Health

Johnson & Johnson to acquire Proteologix for $850 million

Johnson & Johnson said on Thursday it would acquire Proteologix for $850 million in cash, as it looks to gain access to the privately held company's experimental atopic dermatitis

Johnson & Johnson to acquire Proteologix for $850 million
Business|Health

Novo Nordisk is optimistic that Kalundborg fire won't delay expansion

Novo Nordisk said on Thursday it was "optimistic" that a fire at a construction site in Kalundborg, Denmark, a key manufacturing hub, would not delay its plans to boost

Novo Nordisk is optimistic that Kalundborg fire won't delay expansion
Business|Health

Pfizer offers up to $250 million to settle Zantac cancer lawsuits, FT reports

Pfizer will pay up to $250 million to settle more than 10,000 U.S. lawsuits over cancer risks associated with its discontinued heartburn drug Zantac, the Financial Times reported on

Pfizer offers up to $250 million to settle Zantac cancer lawsuits, FT reports
Business|Health

No shortage of Wegovy weight-loss drug in Denmark, Novo Nordisk says

Novo Nordisk does not expect a shortage of its Wegovy weight-loss drug in Denmark despite an earlier warning by the Danish Medicines Agency of strained supply of two separate

No shortage of Wegovy weight-loss drug in Denmark, Novo Nordisk says
Business|Health

Eisai starts rolling submission for injectable version of Alzheimer's drug with US FDA

Eisai and partner Biogen said on Tuesday that the Japanese drugmaker has begun submitting data on a rolling basis to the US health regulator for a marketing application of a subcutaneous

Eisai starts rolling submission for injectable version of Alzheimer's drug with US FDA
Health

Red Cross sets up Rafah emergency field hospital

The International Red Cross and partners are opening a field hospital in southern Gaza on Tuesday to try to meet what it described as "overwhelming" demand for health services since

Red Cross sets up Rafah emergency field hospital
Business|Economy|Health

Walgreens contacts potential buyers for Boots UK chain, Bloomberg News reports

Walgreens Boots Alliance is in the process of contacting potential buyers to sell its UK-based Boots drugstore chain in a second attempt at separating the unit, Bloomberg News reported on

Walgreens contacts potential buyers for Boots UK chain, Bloomberg News reports
Business|Health

J&J to exit spinoff Kenvue with latest stake sale

Tylenol maker Kenvue said on Monday that Johnson & Johnson will sell its remaining 9.5% stake in the company, about a year after the healthcare conglomerate spun off and listed its consumer

J&J to exit spinoff Kenvue with latest stake sale
Business|Economy|Health

Pfizer and AstraZeneca announce new investments of nearly $1 billion in France

Leading healthcare companies Pfizer and AstraZeneca announced on Sunday new investments in France worth a total of nearly $1 billion, ahead of the start of this year's annual 'Choose

Pfizer and AstraZeneca announce new investments of nearly $1 billion in France
Health

Roughly 1 in 8 US adults have taken GLP-1 drugs like Wegovy, poll shows

About one in eight adults have taken a drug belonging to the GLP-1 class of medications for weight loss and related conditions, a poll by Kaiser Family Foundation (KFF) showed on Friday.

Roughly 1 in 8 US adults have taken GLP-1 drugs like Wegovy, poll shows
Health

Pfizer agrees to settle over 10,000 Zantac lawsuits, Bloomberg News reports

Pfizer has agreed to settle more than 10,000 lawsuits about cancer risks related to the now discontinued heartburn drug Zantac, Bloomberg News reported on Wednesday, citing people familiar

Pfizer agrees to settle over 10,000 Zantac lawsuits, Bloomberg News reports
Environment|Health

EU Commission eyeing exemptions for 'forever chemicals' ban, letter shows

The European Commission is planning to allow exemptions from a proposed ban on substances known as PFAS, or "forever chemicals", to

EU Commission eyeing exemptions for 'forever chemicals' ban, letter shows
Business|Economy|Health

Tylenol maker Kenvue to cut 4% jobs, beats quarterly profit estimates

Kenvue will cut 4% of its global workforce amid investments to grow its key brands, the Tylenol and Band-Aid maker said on Tuesday, as it topped beat Wall Street estimates for first-quarter

Tylenol maker Kenvue to cut 4% jobs, beats quarterly profit estimates
Business|Health

Vertex tops Q1 profit estimates on robust demand for cystic fibrosis treatments

Vertex Pharmaceuticals beat Wall Street estimates for first-quarter profit on Monday, driven by robust uptake for its blockbuster cystic fibrosis treatments.

Vertex tops Q1 profit estimates on robust demand for cystic fibrosis treatments
Business|Economy|Health

China offers flexible jobs for women after childbirth

Chinese provinces are urging companies to offer women flexible job roles called "Mama's Posts" that make it easier to balance work and childcare, the official Xinhua news agency

China offers flexible jobs for women after childbirth
Business|Health

KKR to buy India's Healthium Medtech at $839 million valuation, sources say

Global investment firm KKR will buy Indian medical devices maker Healthium Medtech from UK-based Apax Partners in a deal that three sources with direct knowledge of the

KKR to buy India's Healthium Medtech at $839 million valuation, sources say
Business|Health

Novo Nordisk drops 5% after rival Amgen teases weight-loss drug data

Shares in Danish drugmaker Novo Nordisk dropped as much as 5.3% on Friday, set for their biggest one-day fall since August 2022, after rival Amgen said it was encouraged by interim trial

Novo Nordisk drops 5% after rival Amgen teases weight-loss drug data
Business|Economy|Health

Illumina reaffirms annual revenue forecast over continued sluggish demand

Illumina reiterated its 2024 revenue forecast on Thursday, expecting continued weak demand from its customers such as medical research labs and hospitals.

Illumina reaffirms annual revenue forecast over continued sluggish demand
Business|Health

Sanofi to overhaul US operations of vaccines, cut jobs

French drugmaker Sanofi said on Thursday it would restructure the U.S. com­mer­cial op­er­a­tions for its vac­cines and cut an undis­closed num­ber of jobs.

Sanofi to overhaul US operations of vaccines, cut jobs
Business|Health

Zimmer Biomet beats Q1 profit estimates on robust demand for knee, hip devices

Medtech firm Zimmer Biomet Holdings beat Wall Street estimates for first-quarter profit on Thursday, on the back of robust demand for its devices that are used in knee and hip

Zimmer Biomet beats Q1 profit estimates on robust demand for knee, hip devices
Business|Economy|Health

Regeneron's blockbuster eye drug posts weaker sales due to inventory impact

U.S. drugmaker Regeneron Pharmaceuticals Inc missed Wall Street estimates for quarterly profit on Thursday, hurt by softer sales of its blockbuster eye drug Eylea due to reduction in

Regeneron's blockbuster eye drug posts weaker sales due to inventory impact
Business|Economy|Health

Sensodyne-maker Haleon posts tepid sales as demand for some products cool off

Consumer healthcare company Haleon reported first-quarter revenue slightly below market estimates on Wednesday, as volumes declined due to retailer destocking in U.S. and cooling demand for

Sensodyne-maker Haleon posts tepid sales as demand for some products cool off

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