As April heads for its last couple of trading days, and the first-quarter earnings season moves past its midpoint, the stock market is braced for a brisk week of news. Earnings from Apple ((AAPL)), Amazon.com (AMZN), big pharma and biotech names like Pfizer (PFE), Merck (MRK) and Amgen (AMGN) are due. It will be a […]
As investing legends like Warren Buffett probably know better than anyone, there’s something satisfying about buying shares of a company you intend to hold for the rest of your career as an investor. By making a commitment to remaining patient for the long haul as the money trickles in, you’re also demonstrating to yourself that […]
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Shares of Viking Therapeutics (VKTX) are rising after data from the company’s latest weight loss drug trial showed greater efficacy compared to competing products from Eli Lilly and Company (LLY) and Novo Nordisk A/S (NVO). On Tuesday, the company also announced that it initiated an underwritten public offering of $350 million of shares of its […]
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By Rishika Sadam HYDERABAD, India (Reuters) – Indian drugmakers aiming to grab a slice of the burgeoning weight-loss treatment sales pie, both at home and abroad, have begun developing their own versions of Novo Nordisk’s wildly in demand Wegovy. With some analysts predicting a weight-loss market reaching $100 billion a year or more by the […]
(Adds shares in paragraph 2, details and background throughout) Feb 15 (Reuters) – Aurinia Pharmaceuticals, the kidney therapies developer pushed by activist hedge fund MKT Capital to sell itself, said on Thursday it failed to attract bidders and would instead pause drug development, cut jobs and buy back $150 million in stock. The Canada-based company’s […]
The Biden administration has announced that representatives of Medicare, a public health insurance program that covers 47 million American seniors and disabled people, on Thursday sent initial offers to pharmaceutical companies in negotiations over 10 of the program’s most expensive and commonly used drugs. The initial offers are part of a negotiation timeline set by […]
Biotech and Pharma Street Notes By Adam Clark Jan 16, 2024, 7:43 am EST Share Reprints In this article GSK SNY MKKGY NVS NVO The European pharmaceutical sector looks set for a good year on strong cash flows and attractive valuations, according to UBS analysts. They picked out four stocks that could particularly benefit but […]
Pharma and biotech stocks, led by Eli Lilly, Biogen and Crispr, are setting up for significant gains as the new year begins, fueled by multibillion-dollar deals, upbeat clinical results and cutting-edge medical advances like CRISPR gene-editing hitting prime-time.
WASHINGTON — The Supreme Court justices sounded Monday as if they will uphold a huge bankruptcy deal that includes $6 billion from the Sackler family to help the nation and tens of thousands of victims recover from the opioid crisis. Most of the justices said the deal looked to be the best possible outcome, even though […]