Sept 29 (Reuters) – The top US pharmaceutical lobby group Pharmaceutical Research and Manufacturers of America said on Tuesday it had named former US House Majority Leader Eric Cantor as its next president and CEO, as drugmakers face pressure to lower prices. Cantor, a Virginia Republican who served
Sept 29 (Reuters) – Danish drugmaker H Lundbeck A/S has expressed interest in acquiring Chicago-based Xeris Biopharma, Bloomberg News reported on Tuesday, citing people familiar with the matter. Lundbeck has been working with advisers to explore a takeover of Xeris, the report said. Xeris declined t
Sept 29 (Reuters) – The Centers for Medicare & Medicaid Services estimates the weighted average premium for Medicare Advantage (MA) plans to fall more than 16% next year. The weighted average monthly premium across all MA plans, which include MA prescription drug plans and special needs plans, is se
(Miami, FL) — Hurricane Polo has made landfall in Baja California, Mexico. According to the U.S. National Hurricane Center in Miami, Polo hit land as a Category 2 storm just south of Las Barrancas early today with maximum sustained winds of 110 miles per hour. Meteorologists expect heavy rain and se
By Christy Santhosh Sept 29 (Reuters) – UniQure said its gene therapy for Huntington’s disease fell short of the goal of slowing disease progression significantly after four years, sending its US-listed shares plummeting 40% on Tuesday. The Dutch company earlier this month applied for US approval of
COPENHAGEN, Sept 29 (Reuters) – Novo Nordisk said on Tuesday a real-world study found that adults with type 2 diabetes who took an escalated dose of its diabetes drug, Ozempic, had a lower risk of major cardiovascular events compared to those who switched to Eli Lilly’s Mounjaro. The company said pa
Sept 29 (Reuters) – Eli Lilly said its oral obesity drug, Foundayo, offers greater weight loss and better blood sugar control than a higher dose of Novo Nordisk’s Ozempic pill in adults with type 2 diabetes, citing data from existing studies. The findings were based on an indirect comparison of Lill
By Amina Niasse NEW YORK, Sept 29 (Reuters) – Amazon.com, GoodRx and other companies offering online subscriptions that charge a flat fee for prescription drugs and other health services are reaping the benefits of Americans looking to combat rising costs and dwindling health insurance options. The
By Khushi Malhotra and Dharamraj Dhutia MUMBAI, Sept 29 (Reuters) – India’s Sun Pharmaceutical Industries is planning to raise around 100 billion rupees ($1.04 billion) via a rupee-denominated debt sale to partly fund a bridge loan it took to acquire US healthcare firm Organon & Co., three sources s
By Emma Rumney LONDON, Sept 29 (Reuters) – British American Tobacco said on Tuesday it expects annual revenue from selling smoking alternatives to grow by a mid-teens percentage until 2030, driven by nicotine pouches. • The world’s second-largest tobacco maker by market value hosted an investor day
By Andrew Silver and Patrick Wingrove Sept 29 (Reuters) – Novo Nordisk will pay up to $2.6 billion to Jiangsu Hengrui Pharmaceuticals for the rights to an experimental weight-loss pill, expanding its pipeline through a second GLP-1 treatment deal with a Chinese partner. The deal helps Novo shore up
(Corrects the first name of BPJS Kesehatan official to Prihati, not Priharti, in second bullet) JAKARTA, Sept 29 (Reuters) – Indonesia’s government will inject 20 trillion rupiah ($1.11 billion) into health insurer BPJS Kesehatan to help the state agency cover its deficit in 2026, according to a gov
Sept 29 (Reuters) – HUTCHMED (China) said on Tuesday that Anglo-Swedish drugmaker AstraZeneca had applied to the US Food and Drug Administration for approval of the ORPATHYS-TAGRISSO combination to treat patients with advanced lung cancer. ORPATHYS is being jointly developed by AstraZeneca and HUTCH
By Roshan Thomas and Rajasik Mukherjee Sept 29 (Reuters) – Australian hearing implant maker Cochlear said on Tuesday it had been served with a shareholder class action in Victoria’s Supreme Court over its fiscal 2026 underlying net profit forecast, allegations the company denies and intends to defen
(Los Angeles, CA) — Much of the Southern California coast is under a coastal flood advisory and a high surf advisory. It’s due to a huge, potentially damaging swell expected from Hurricane Polo, which remains well offshore. Los Angeles County beaches, the Malibu coast, Orange County coastal areas, V
Sept 28 (Reuters) – Summit Therapeutics said on Monday that British drugmaker AstraZeneca would invest $2 billion in the company and collaborate on a series of studies testing their cancer treatments together. Summit’s shares rose over 15% in extended trading following the announcement. Here are som
ABOARD THE PAPAL FLIGHT, Sept 28 (Reuters) – Pope Leo on Monday defended his decision to vocally oppose assisted dying initiatives while in France, acknowledging he may have entered the political fray two months after the country approved such a measure, but wanted to share the Catholic Church’s vie
Sept 28 (Reuters) – UnitedHealth executive Robert Hunter said in a LinkedIn post on Monday he would take on the role of president of UnitedHealthcare, the company’s insurance division. Here are some details: • A UnitedHealth veteran, Hunter has held several roles at the company over the past 15 year
Sept 28 (Reuters) – Merck on Monday agreed to pay Chinese biotech SciBrunch Therapeutics $400 million upfront for global rights to an experimental cancer drug, making it the latest US drugmaker to license China-developed medicines. Chinese biotechs often retain domestic rights and license their drug
(Undated) — Hurricane Polo is still a powerful Category 3 storm as it moves through the Pacific. At last check the storm was about 125 miles southwest of Cabo San Lazaro, Mexico. It’s expected to make landfall along Baja California Sur later today and will have an impact on Southern California. The
(Removes erroneous reference to Singapore in first paragraph and headline) FRANKFURT, Sept 28 – German COVID‑19 vaccine maker BioNTech said on Monday that it would close German sites that it has failed to sell as it pivots away from pandemic-era manufacturing. “Despite the best efforts of all those
By Sneha S K Sept 28 (Reuters) – Mirum Pharmaceuticals on Monday said its experimental hepatitis drug reduced levels of the virus in patients, meeting the main goal of a late-stage study. Here are some key details: • Mirum was testing brelovitug, an experimental monoclonal antibody that binds to the
By Sahil Pandey Sept 28 (Reuters) – Merck said on Monday it would pay up to $2.13 billion under a global licensing deal with China’s SciBrunch Therapeutics for rights to develop, manufacture and sell an experimental cancer treatment. The deal underscores Merck’s efforts to broaden its cancer drug pi
ZURICH, Sept 28 (Reuters) – Swiss pharmaceutical giant Roche outlined plans to move towards autonomous AI labs to speed up research and development discovery at its pharma investor day on Monday. Roche is committed to “AI independence” in R&D and has recently started building autonomous AI-driven la
Sept 28 (Reuters) – Malaysia’s IHH Healthcare said on Monday that India’s top court has disposed of Fortis Healthcare’s petition challenging a court-ordered forensic audit concerning a decade-long dispute, allowing the audit to proceed. • Fortis Healthcare had filed a petition challenging a late Aug
Sept 28 (Reuters) – The number of confirmed Ebola cases in the Democratic Republic of Congo has risen above 8,000 for the first time in the Central African country’s ongoing outbreak, government data showed on Monday. The latest situation report from the public health institute put the number of cas
(Undated) — Dog owners may live a longer life. Research published by the American Heart Association says dog ownership is tied to a 24-percent drop in all-causes of death for the general population. Individuals who have suffered a major cardiac event, such as a heart attack or stroke had their risk
(Undated) — A new study says eating four to six servings of whole grains each day may offer the greatest benefits for heart health. The study published in the European Heart Journal found that whole grains also lower body weight, cholesterol, blood sugar and blood pressure. The study reviewed data f
(New York, NY) — A major Nor’easter is pummeling the East Coast with heavy rain and strong winds. The powerful storm is packing wind gusts near 60 miles per hour and 12-foot waves that threaten coastal flooding. Parts of New York and New Jersey are under a state of emergency and hundreds of flights
(New York, NY) — A major Nor’easter is pummeling the East Coast with heavy rain and strong winds. The powerful storm is packing wind gusts near 60 miles per hour and 12-foot waves that threaten coastal flooding. Parts of New York and New Jersey are under a state of emergency and hundreds of flights
