Illumina CEO Francis deSouza Resigns Amid Regulatory Hurdles, Proxy Fight
Activist investor Carl Icahn has signaled he wants former CEO Jay Flatley to return to gene-sequencing test maker. Source link
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U.S. Chamber of Commerce Challenges Federal Government’s New Drug-Price Powers
The lawsuit is the second filed this week saying Medicare’s new negotiating authority is unconstitutional. Source link
Merck Challenges U.S. Government’s New Powers to Negotiate Drug Prices
The drugmaker filed a lawsuit saying Medicare’s drug-price negotiation program violates the company’s constitutional rights. Source link
Blood-Test Customers Mistakenly Told They May Have Cancer
Grail said its telemedicine vendor sent the inaccurate forms to 400 people because of a software glitch. Source link
FDA Allows Imports of China-Made Chemotherapy to Ease U.S. Shortage
HealthIn temporary move, Chinese drugmaker will be able to ship its cisplatin chemotherapy even though it hasn’t been FDA approved...
WSJ News Exclusive | Baby-Formula Makers Face FTC Investigation for Collusion
The agency is investigating whether any formula manufacturers coordinated before bidding for state contracts. Source link
FTC Moves to Block Amgen’s $27.8 Billion Deal for Horizon Therapeutics
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Moderna, Merck Show Progress Toward Cancer Vaccines
An mRNA shot helped prevent relapse in high-risk melanoma patients. Source link
Americans to Be Barred From Buying Ozempic in British Columbia
Provincial health officials urged doctors and pharmacists to make sure people are taking the drug to treat diabetes, not lose...
Drug to Prevent Preterm Births to Be Pulled From Market
BusinessHealth CareHealthCovis Pharma, the maker of Makena, is planning the withdrawal after a study failed to confirm the drug works...
Moderna’s Earnings, Revenue Fall on Fewer Covid Vaccine Sales
Demand for its Covid-19 vaccine sank from year-earlier highs when the spread of the Omicron variant boosted sales. Source link
Abbott Baby-Formula Business Is Under Investigation By SEC, FTC
BusinessInquiries from agencies come amid criminal investigation by Justice Department into company’s formula manufacturing Source link
WSJ News Exclusive | CVS Nearing $10.5 Billion Deal for Primary-Care Provider Oak Street Health
WSJ News ExclusiveHealthThe deal would expand the health insurer and pharmacy chain’s role in medical care Source link
Eye Drops Linked to Infections and One Death, CDC Says
HealthEzriCare nonprescription drops may have contained drug-resistant bacteria Source link
U.S. Appeals Court Sides With Drugmakers on Discount Program
BusinessHealth CareHealthDrugmakers can limit shipments to hospitals and clinics of drugs discounted under federal program, court rules in loss for...
Elevance to Acquire Louisiana Nonprofit Health Insurer
HealthThe company didn’t disclose terms of the deal, which could add roughly 1.9 million members Source link
Moderna Reports RSV Vaccine Cuts Risk of Respiratory Diseases in Older Adults
The company said it would apply in coming months for U.S. regulatory approval. Source link
Medical Residents Unionize Over Pay, Working Conditions
Physicians-in-training at top teaching hospitals across the country are joining unions, demanding higher pay and better working conditions.The Committee of...
New Alzheimer’s Drug Leqembi Will Be Out of Reach for Most Patients
HealthMedicare won’t pay for medicine under rule issued to restrict use of earlier drug whose approval generated controversy Source link
Big Nonprofit Hospitals Expand in Wealthier Areas, Shun Poorer Ones
Many of the nation’s largest nonprofit hospital systems, which give aid to poorer communities to earn tax breaks, have been...
