Judge Michael Newman of the Southern District of Ohio issued a ruling denying a preliminary injunction sought by the Chamber of Commerce.
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Friday, 29 September 2023
Shares of biotech startup Structure Therapeutics surge more than 30% on promising obesity pill data
Structure's pill is part of the same class of drugs as Novo Nordisk's blockbuster diabetes drug Ozempic and weight loss counterpart Wegovy.
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We're set to receive shares in Danaher's separated water business. Here's our plan for the new stock
Danaher's (DHR) ability to deliver returns for shareholders appears stronger than ever.
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Ad spending for obesity, diabetes drugs is soaring this year, as drugmakers shell out nearly $500 million
The data demonstrates the rush by companies to capture new customers after months of hype around Novo Nordisk's Ozempic and Wegovy.
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Thursday, 28 September 2023
Apps show where travelers exercise most — and least — on vacation
Data from the exercise app Strava show travelers tend to stay active in places like Split, Croatia and the islands of Greece, but less so in the Caribbean.
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Schott Pharma shares climb in Frankfurt debut
The German pharmaceutical company debuted on the Frankfurt stock exchange Thursday at 30 euros per share.
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Wednesday, 27 September 2023
AstraZeneca, Boehringer Ingelheim to participate in Medicare drug price negotiations
AstraZeneca, Boehringer Ingelheim and other drugmakers have filed at least eight lawsuits seeking to declare the Medicare price talks unconstitutional.
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Ozempic, Wegovy drug prescriptions hit 9 million, surge 300% in under three years
The data confirms the rise in demand for GLP-1s, which have fueled a frenzy among Americans and on Wall Street for their ability to cause weight loss.
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Tuesday, 26 September 2023
Miami man pleads guilty to selling adulterated, misbranded HIV drugs across U.S.
The misbranded HIV drugs, which included Truvada and Biktarvy, were distributed to pharmacies across the U.S. and dispensed to unsuspecting patients.
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Working women spend $15.4 billion more than men in out-of-pocket health costs, study finds
Women rack up 10% more in health costs than men, but spend nearly 20% more out-of-pocket
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Monday, 25 September 2023
Pfizer restarts production at tornado-hit North Carolina plant, but drug supply will still be affected
Pfizer expects operations to fully resume by the end of the year, but it warned that supply of some medicines would be affected until at least mid-2024.
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Merck Covid drug linked to virus mutations that can spread between people, new study says
There is still no evidence that molnupiravir, sold under the brand name Lagevrio, has produced more transmissible or severe variants of Covid.
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Friday, 22 September 2023
More than 75,000 Kaiser Permanente workers threaten strike if labor agreement not reached
Kaiser Permanente is the largest nonprofit health-care organization in the U.S. serving nearly 13 million patients.
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CDC advisors recommend Pfizer maternal RSV vaccine to protect infants
CDC Director Mandy Cohen still needs to sign off on that recommendation before mothers can receive Pfizer's shot to protect their infants from RSV.
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Health care has had a tough year. Where we stand on our 5 stocks in the sector
Eli Lilly (LLY) has been the best-performing Club health care stock by a substantial margin, but we continue to believe in our other firms in the industry.
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Thursday, 21 September 2023
Providers struggle to get latest Covid shots into arms amid early supply issues
Some Americans are having Covid vaccine appointments canceled or finding a pharmacy doesn't have a shot for them, as the U.S. tries an unprecedented rollout.
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Here's a rapid-fire update on all 35 stocks in the Club's portfolio, including a new buy
Jim Cramer ran through all 35 Club stocks during our September Monthly Meeting on Thursday.
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Florida nurse convicted in $200 million Medicare fraud scheme
Elizabeth Hernandez, a nurse practioner in Miami, Florida, fraudulently billed Medicare for more than $200 million in orthotic braces and genetic tests.
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Wednesday, 20 September 2023
Here are the risks to alcohol and food stocks from Ozempic-like weight loss drugs
Unlike the sharp slide in snack stocks, shares of Constellation Brands (STZ) have gained more than 13% year to date.
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Philip Morris considers selling stake in pharmaceuticals unit to boost healthcare division
The company's wellness division has struggled, and Philip Morris has had talks with Deutsche Bank on a range of options.
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Fall Covid shot rollout gets off to a bumpy start as some patients see insurance delays
The reports are fueling confusion among insured patients about whether they can still access Covid shots for free — just as cases tick up across the country.
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Elon Musk's Neuralink is recruiting patients for its first human trial
Neurotech startup Neuralink has received approval to begin recruiting patients for its first in-human clinical trial.
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Tuesday, 19 September 2023
4 in 5 employees in Asia have moderate to high mental health risk, study shows
South Korea, Malaysia and Japan had the highest percentage of workers with a high risk of experiencing mental health issues, said a Aon and TELUS Health report.
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Eli Lilly sues clinics allegedly selling knockoff versions of Mounjaro diabetes drug
The lawsuits come as Eli Lilly grapples with a shortage of Mounjaro in the U.S. due to skyrocketing demand.
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Uninsured Americans can still get free Covid boosters — here's how to find them
The new Covid vaccines from Pfizer and Moderna began to roll out last week after the CDC recommended them to all Americans ages six months and up.
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Monday, 18 September 2023
Google and the Department of Defense are building an AI-powered microscope to help doctors spot cancer
The AI-powered tool is called an Augmented Reality Microscope, or ARM, and Google and the Department of Defense have been quietly working on it for years.
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Friday, 15 September 2023
Planet Fitness shares sink 15% after board ousts CEO in shocking move
CEO Chris Rondeau has been been with Planet Fitness for more than three decades.
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Covid, RSV and flu vaccines are now available — here's how to decide whether to get them together
Public health officials are urging eligible Americans to take all three shots so the nation can avoid another "tripledemic" of Covid, flu and RSV.
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Thursday, 14 September 2023
More than 60,000 Kaiser Permanente workers vote to authorize strike
The workers say their pay has not kept pace with inflation, and understaffing has led to long wait times and forced them to neglect patients.
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Planned Parenthood will resume abortions in Wisconsin after court rules against 1849 ban
A state judge ruled in July that the law does not prohibit consensual medical abortions, but instead targets anyone who kills a fetus by attacking the mother.
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New York expands legal marijuana licenses — but some would-be retailers feel left behind
New York is easing restrictions on who can apply for marijuana retail licenses as it struggles to open dispensaries.
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Wednesday, 13 September 2023
Moderna says flu vaccine showed promising results in phase three trial, paving path to approval
Moderna compared the flu vaccine, dubbed mRNA-1010, to a currently approved seasonal flu vaccine from GlaxoSmithKline called Fluarix.
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Tuesday, 12 September 2023
CDC advisors recommend updated Covid vaccines for all Americans ages 6 months and up
CDC Director Mandy Cohen still has to sign off on the panel's recommendation before the new Pfizer and Moderna Covid vaccines become available nationwide.
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Decongestant found in many cold, allergy medicines doesn’t actually work, FDA advisors say
In a unanimous vote, advisors said oral versions of phenylephrine – a nasal decongestant found in versions of drugs like Nyquil and Benadryl – isn't effective.
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Monday, 11 September 2023
FDA approves updated Covid vaccines from Pfizer and Moderna as hospitalizations rise
The Biden administration said it expects the new Pfizer and Moderna vaccines targeting the omicron variant XBB.1.5 to be available in mid-September.
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Covid vaccine rollout begins early in the UK with new variant under watch
The National Health Service wants to avoid another "twindemic" of Covid and flu putting strain on hospitals.
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Sunday, 10 September 2023
Ozempic, Wegovy may curb drinking, smoking and other addictive behaviors – here's what we know
Scientists hope that a new class of treatments for alcohol use disorder, smoking and other addictive behaviors is on the horizon.
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Saturday, 9 September 2023
Big pharma's blockbuster obesity drug battle is just getting started, and it's headed for $100 billion
As Novo Nordisk and Eli Lilly duke it out in the weight-loss drug market with Ozempic, Wegovy and Mounjaro, drug company competitors plan to join the fray.
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Meta's VR technology is helping to train surgeons and treat patients, though costs remain a hurdle
Virtual reality technology from Meta and other companies is finding its way into hospitals and medical schools even as it struggles to find consumer traction.
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Friday, 8 September 2023
Abortion pill company asks Supreme Court to decide mifepristone case
Danco asked the court to reverse a lower court ruling that would impose restrictions, saying the case is of "indisputable importance" to women's health.
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This health-care stock is set to complete another spin-off. Here's what it means for our position in the stock
Medical equipment giant Danaher (DHR) will officially separate from its environmental-and-applied solutions segment later this month.
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Thursday, 7 September 2023
Carl Icahn says new Illumina CEO has his 'full support' months after proxy fight
Activist investor Icahn's blessing is a relief for the company as it tries to rebound from a bitter proxy fight with the billionaire investor.
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British American Tobacco finalizes Russia exit with sale to local managers
British American Tobacco's brands include Camel and Newport.
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Microsoft and Paige are building the world's largest AI model for detecting cancer
Microsoft is teaming up with the company Paige to build the world's largest image-based artificial intelligence model for identifying cancer.
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Wednesday, 6 September 2023
Blockbuster weight loss drugs Wegovy and Ozempic are being tested to treat addiction and dementia
Scientists have begun investigating whether so-called miracle obesity drugs can be used to help treat conditions such as dementia and alcohol addiction.
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Covid hospitalizations spike with new variant as school returns, U.S. readies vaccines
The late summer Covid spike comes after a quiet year in which hospitalizations and deaths had declined week after week since January.
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Moderna says updated Covid vaccine was effective against highly mutated BA.2.86 variant in trial
Moderna, Pfizer and Novavax are slated to roll out new vaccines targeting XBB.1.5 within weeks, pending approvals from the FDA.
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Tuesday, 5 September 2023
The FTC cleared Amgen's $27.8 billion Horizon buyout — here's what it means for other massive pharma deals
Some analysts and M&A experts say the settlement agreement doesn't mean that the FTC will stop baring its teeth at other large buyouts in the industry.
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Mitch McConnell brain scans found no stroke, seizures after second freeze, doctor says
Senate Minority Leader Mitch McConnell, a Kentucky Republican, since late July has twice frozen in public while speaking to reporters.
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Can you use expired Covid tests? What to know as cases rise, new variants emerge
Some expired Covid tests sitting in your medicine cabinet may still be safe to use, depending on the exact product you have.
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Monday, 4 September 2023
Novo Nordisk's Wegovy weight loss drug launches in the UK
Novo Nordisk launched its Wegovy weight loss injection in the U.K. Monday, furthering the drug's rollout in Europe despite ongoing supply constraints.
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Friday, 1 September 2023
Judge withdraws from Medicare drug price case after stock ownership is revealed
Judge Thomas Rose of the U.S. District Court for the Southern District of Ohio withdrew from a case that could block Medicare's drug price negotiation program.
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When to wear masks as Covid cases rise, new variants emerge in the U.S.
The decision to mask depends on a few things: you personal risk level, Covid rates in your region and who you might make contact with, experts say.
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FTC allows Amgen to move forward with $27.8 billion Horizon Therapeutics acquisition
The FTC had filed a lawsuit in May seeking to block the acquisition, arguing that the deal would "stifle competition" in the pharmaceutical industry.
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Roz Brewer out as Walgreens CEO as company seeks chief with deep health care experience
Walgreens' stock has struggled this year as the company cut its profit expectations and contended with a decline in Covid vaccine and test demand.
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