Pharmaceuticals

Biogen to Buy Reata in $7.3 Billion Deal

The deal would bolster the biotech company’s portfolio of treatments for neuromuscular and rare diseases. Source link

11 months ago

Hedge Funds Seek to Cut Off $1 Billion Meant for Opioid Victims

Drugmaker Mallinckrodt is talking to hedge funds about filing for bankruptcy and avoiding payments intended to help people addicted to…

12 months ago

U.K. Reviews Safety of Ozempic, Other Weight-Loss Drugs

Drug regulators said they have received several reports of suspected suicidal and self-injurious behavior in patients taking the drugs. Source…

12 months ago

Biogen to Cut Roughly 11% of Workforce

The biotech cited the launch of Alzheimer’s drug Leqembi as part of its new focus on big-return products. Source link

12 months ago

How U.S. Drug Companies Could Tip Europe Into Recession

Swings in Ireland’s pharmaceutical industry, often rooted in tax moves by U.S.-based firms, have outsize impact on European output. Source…

12 months ago

Big Pharma Bets Big on China

China remains attractive to global pharmaceutical companies even as many multinationals shift their focus elsewhere. Source link

12 months ago

J&J Revenue Up on Surge in Heart Procedures

Net earnings at the pharmaceutical company rose 6.9% to $5.14 billion, or $1.96 a share. Source link

12 months ago

Tornado Damages Key Pfizer Drugmaking Plant

The plant in Rocky Mount, N.C., produces a quarter of the sterile injectable medicines used by U.S. hospitals. Source link

12 months ago

Johnson & Johnson Rips Off the Kenvue Band-Aid

A surprisingly early distribution and a stretched valuation hit J&J’s consumer health arm hard. Source link

12 months ago

Elliott Takes Big Stake in Drugmaker Catalent

The activist is pushing for a shake-up of the contract drug manufacturer’s board. Source link

12 months ago