The Billionaire Funding a Battle Against Hospital Monopolies
John Arnold antagonized public-employee unions and pharmaceutical firms with campaigns to reform government-funded pensions and bring down high drug prices....
Pharmaceuticals
Bristol-Myers to Buy Turning Point Therapeutics for $4.1 Billion
Bristol-Myers Squibb Co. said it will acquire biotechnology company Turning Point Therapeutics Inc. TPTX 116.76% for $4.1 billion, an effort...
Baby Formula Shortage Worsens, Hitting Low-Income Families Hardest
New data suggest that the U.S. baby-formula shortage is deepening, particularly hitting states in the South and the Southwest. Nationally,...
FDA Eases Baby-Formula Import Rules to Boost Supplies
U.S. health regulators took steps to allow more foreign baby formula on American shelves, easing rules that had effectively prevented...
Baby Formula Shortage Faces Investigation by Lawmakers
WASHINGTON—The House Oversight Committee has launched an investigation into the four major manufacturers of baby formula, including the makers of...
Baby Formula Shortage Could Last Months
Baby-formula manufacturers and retailers say they are working to address a long-running shortage in products on store shelves, but the...
Moderna Ousts Finance Chief Jorge Gomez in First Week on the Job
On Monday, Jorge Gomez took the reins as the finance chief of the biotech success story Moderna Inc., MRNA -6.29%...
J&J Names Executives of Planned Tylenol, Band-Aid Company
The current head of Johnson & Johnson’s consumer-health division will helm the business after J&J turns it into a stand-alone...
Moderna Seeks to Dismiss Covid-19 Vaccine Patent Lawsuit
Moderna Inc. is trying to fend off rival companies’ claims that its Covid-19 vaccine infringes their patents, arguing that the...
FDA Limits Authorized Use of J&J’s Covid-19 Vaccine
The Food and Drug Administration limited the use of the Covid-19 vaccine from Johnson and Johnson after reviewing the risk...
Baby-Formula Shortage Prompts Rationing at Target, Kroger, Walgreens and CVS
The biggest U.S. retailers are rationing baby formula as a recall by the maker of Similac and other popular brands...
Biotech Stocks, Once Booming, Enter Bear Territory
Biotech companies are having one of their worst stock-market runs in years, as rising interest rates, scientific setbacks and a...
Masks Come Off, Mandates Loosen as Companies Relax Covid-19 Protocols
U.S. companies are relaxing many of the vaccine and other Covid-related requirements that had become a staple of corporate life...
Western Drugmakers Are Still Providing Medicines to Russia
Healthcare companies say they are duty-bound to continue supplying drugs, vaccines and medical equipment to Russia, though Western sanctions and...
Opioid Victims Confront Purdue Pharma’s Sacklers in Bankruptcy Court
Victims of the opioid epidemic confronted the Sackler family members who own Purdue Pharma LP for the first time in...
Negotiators Try to Complete Omnibus Spending Bill With Ukraine, Covid-19 Aid
WASHINGTON—House Democratic leaders said they plan to hold a vote Wednesday on a bill to fund the federal government for...
How the Covid-19 Test Was Won
GURNEE, Ill.—Inside a factory that is the size of five football fields, thousands of workers from Abbott Laboratories race to...
Moderna Beats Profit Estimates, Fueled by Covid-19 Vaccine Sales
Moderna Inc. posted better-than-expected profits for the last three months of 2021 as the company’s Covid-19 vaccine continued to power...
Sanofi, Glaxo Seek Covid-19 Vaccine Approval in Crowded Market
Sanofi SA and GlaxoSmithKline PLC said they would seek authorization for their Covid-19 vaccine, a sign that pharmaceutical companies still...
FDA Rejects Short Sellers’ Request to Halt Trials of Alzheimer’s Drug
The Food and Drug Administration has denied a petition by short sellers to halt clinical trials of an experimental Alzheimer’s...
