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Pharmacy Giant Walgreens Taps Tim Wentworth to Be CEO
Business

Pharmacy Giant Walgreens Taps Tim Wentworth to Be CEO

The incoming chief executive faces a tough challenge, with a core business under pressure due to pharmacy-benefit managers such as his former employer Express Scripts.

Bristol Myers Squibb to Acquire Mirati Therapeutics in Deal Worth Up to $5.8 Billion
Business

Bristol Myers Squibb to Acquire Mirati Therapeutics in Deal Worth Up to $5.8 Billion

The deal expands the pharmaceutical company’s portfolio of cancer drugs. Source link

The Company That Defined Dieting Is Sorry It Told Us to Have More Willpower
Business

The Company That Defined Dieting Is Sorry It Told Us to Have More Willpower

Ozempic, Oprah and apologies: WeightWatchers says there’s no shame in being overweight, or in taking new weight-loss drugs. Source link

The World Needs New Antibiotics, but the Business Model Is Broken
Business

The World Needs New Antibiotics, but the Business Model Is Broken

New drugs to defeat “superbug” bacteria aren’t reaching patients. Source link

J&J's $40 Billion Split-Off Sets Stage for Pharma, Medical Tech Expansion 
Business

J&J's $40 Billion Split-Off Sets Stage for Pharma, Medical Tech Expansion

The healthcare giant’s separation of its consumer-health business arms it with billions in cash for allocating capital in the remaining businesses. Source link

To Pay for Weight Loss Drugs, Some Take Second Jobs, Ring Up Credit-Card Debts
Business

To Pay for Weight Loss Drugs, Some Take Second Jobs, Ring Up Credit-Card Debts

Some people are paying more than $10,000 a year for Ozempic and Mounjaro. Source link

Amgen's Deal for Horizon Therapeutics Clears Key Hurdle
Business

Amgen's Deal for Horizon Therapeutics Clears Key Hurdle

The Federal Trade Commission said it had agreed to end its legal challenge of the $27.8 billion deal. The pact also dismisses the antitrust claims

FTC Pauses Challenge to Amgen's $27.8 Billion Deal for Horizon Therapeutics
Business

FTC Pauses Challenge to Amgen's $27.8 Billion Deal for Horizon Therapeutics

The move gives the agency time to weigh a settlement that would allow the deal to close with conditions. Source link

Teva Agrees to Pay $225 Million to Settle U.S. Price-Fixing Charges
Business

Teva Agrees to Pay $225 Million to Settle U.S. Price-Fixing Charges

The generic drugmaker’s U.S. unit also must sell the drug line for cholesterol treatment pravastatin. Source link

Ozempic Settles the Obesity Debate: It's Biology Over Willpower
Business

Ozempic Settles the Obesity Debate: It's Biology Over Willpower

Weight-loss drugs affect the brain in ways that help researchers understand how the body regulates weight. Source link