Text size The Food and Drug Administration on Tuesday rejected Gilead Science’s application for a will-be blockbuster arthritis medicine, blind investors. One analyst called the development a ‘near-worst-case scenario’ and a ‘shock’. Dreamstime The Food and Drug Administration’s decision to deny Gilead Science’s application for a wild medicine for blockbuster …
Read More »States seek $ 26.4 billion from drug companies in opioid litigation
States are asking for about $ 26.4 billion from major players in pharmaceutical industry to help pay for damages caused by the opioid crisis, people familiar with the matter said, the latest question in years of litigation that companies are trying to responsible for widespread drug addiction. The current talks …
Read More »Following Beirut’s explosion, Lebanon opposes corruption in cases of coronavirus
BEIRUT – Lebanon’s health care system suffered a double blow due to this month’s explosion in Beirut, which severely damaged six of the capital’s hospitals and left the rest dead. Now, trained doctors and nurses face a new challenge: a worrying rise in coronavirus infections that threatens to overcome the …
Read More »Sanofi Buys Principia for $ 3.7 billion. Both front runs.
Text size Sanofi is limiting its focus on drug development, stopping its diabetes and cardiovascular research. Joel Saget / AFP via Getty Images French pharmaceutical giant Sanofi is digging into the cash it raised earlier this year with the sale of its $ 11.7 billion stake in Regeneron Pharmaceuticals, the …
Read More »News updates: McKesson Stock jumps after Trump says company would spread Coronavirus vaccine
(Photo by Joe Raedle / Getty Images) Getty Images Text size Here’s what you need to know about the impact of Covid-19 to navigate the markets today. • President Donald Trump said Friday that McKesson would work with the U.S. government to spread a coronavirus vaccine if one is approved. …
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