Biden administration’s Medicare drug price negotiations will face major tests in 2024

[ad_1] Activists protest the price of prescription drug costs in front of the U.S. Department of Health and Human Services (HHS) building on October 06, 2022 in Washington, DC. Anna…

Karuna Therapeutics surges 47% after Bristol Myers Squibb announces $14 billion deal

[ad_1] Bristol Myers Squibb on Friday announced it agreed to buy biopharmaceutical company Karuna Therapeutics for $14 billion in cash, or $330 per share. Karuna’s stock popped more than 47%…

Here are the big health sector themes to watch next year

[ad_1] An employee works on the production line of pharmaceutical company Zentiva in Prague, Czech Republic, May 6, 2021. David W. Cerny | Reuters The health-care sector has wiped out…

Weight loss drugs, Alzheimer’s treatments and gene editing: Enormous firsts defined 2023 in pharma

[ad_1] Soumyabrata Roy | Nurphoto | Getty Images Drugmakers are closing out a year when they achieved several historic firsts that will shape the pharmaceutical industry in 2024 and beyond. …

SEC charges ex-CEO of medical device company with fraud, says some devices were ‘just a piece of plastic’

[ad_1] The headquarters of the U.S. Securities and Exchange Commission (SEC) is seen in Washington, D.C., May 12, 2021. Andrew Kelly | Reuters Laura Tyler Perryman, co-founder and former CEO…

Illumina to divest cancer test maker Grail after antitrust battles

[ad_1] Rafael Henrique | Lightrocket | Getty Images Gene sequencing company Illumina said on Sunday it will divest cancer diagnostic test maker Grail after the companies battled both U.S. and…

The weight loss drug boom isn’t over yet — here’s what to expect in the year ahead

[ad_1] George Frey | Bloomberg | Getty Images Weight loss drugs exploded into the public eye this year, and 2024 will bring more change to the evolving market.  The drugs…

Moderna, Merck vaccine with Keytruda cuts risk of deadly skin cancer returning in half, data says

[ad_1] An exterior view of Moderna’s clinical manufacturing facility.  David L. Ryan | Boston Globe | Getty Images Moderna and Merck‘s experimental cancer vaccine, when used in combination with Merck’s…

Vertex shares pop after nonopioid painkiller posts positive midstage trial results

[ad_1] A sign hangs in front of the world headquarters of Vertex Pharmaceuticals in Boston on Oct. 23, 2019. Brian Snyder | Reuters Shares of Vertex Pharmaceuticals jumped Wednesday after…

Google is rolling out new AI models for health care. Here’s how doctors are using them

[ad_1] Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Bruegel think tank conference in Brussels, Belgium, on Jan. 20, 2020. Yves Herman | Reuters Google…