Masimo prepared to provide one board seat if activist Politan drops proxy contest
(Reuters) -Masimo said on Thursday that it is prepared to appoint Politan Capital Management's nominee William Jellison as a director on its board, if the activist investor withdraws its other nominee and drops its proxy contest. Quentin Koffey-owned P...
May 09, 2024
NYC sued for denying gay employees in vitro fertilization coverage
By Daniel Wiessner (Reuters) - New York City was hit with a lawsuit on Thursday claiming it discriminates against gay male city employees by only covering the costs of in vitro fertilization for women and heterosexual couples. The proposed class ac...
May 09, 2024
Drugmaker Abbott India posts Q4 profit rise on higher sales
BENGALURU (Reuters) - Indian drugmaker Abbott India reported a 24% rise in fourth-quarter profit on Thursday, as strong sales outpaced the impact of government pricing caps on certain medicines. The company, which makes the popular antacid medicine...
May 09, 2024
Viagra maker Viatris misses revenue estimates on weak demand for older drugs
(Reuters) - Drugmaker Viatris narrowly missed first-quarter revenue estimates on Thursday, hurt by weak sales for its older drugs such as cholesterol medication Lipitor and Norvasc for high blood pressure. Net sales in its branded drugs unit, which...
May 09, 2024
Metaphore Biotechnologies to partner with Novo Nordisk on obesity therapies
(Reuters) - Metaphore Biotechnologies said on Thursday it would collaborate with Novo Nordisk to develop up to two therapies for obesity management. (Reporting by Puyaan Singh in Benagluru; Editing by Anil D'Silva)
May 09, 2024
Merck treatment for a type of uterus cancer fails trial
(Reuters) - Merck said on Thursday its treatment for a type of uterus cancer did not meet the main goal of disease-free survival in a late-stage trial. (Reporting by Christy Santhosh in Bengaluru; Editing by Shounak Dasgupta)
May 09, 2024
Takeda profit slumps by half as Japanese drugmaker rebuilds pipeline
TOKYO (Reuters) - Japan's Takeda Pharmaceutical said full-year earnings slumped by more than half as the company focused on rebuilding its drug pipeline to make up for the loss of patent protection for major sellers. Operating profit was 214.1 bill...
May 09, 2024
UK refuses to sign global vaccine treaty, The Telegraph reports
(Reuters) - Britain is refusing to sign the World Health Organization's pandemic accord because the country says it would have to give away a fifth of its vaccines, the Telegraph reported on Wednesday. Britain will only agree to a legally binding g...
May 08, 2024
Ascension warns of suspected cyberattack; clinical operations disrupted
(Reuters) - Hospital operator Ascension reported disruptions to its clinical operations on Wednesday due to a suspected cybersecurity incident and advised business partners to temporarily disconnect from its systems. Earlier this year, UnitedHealth...
May 08, 2024
US FDA recommends healthcare providers switch from Getinge's heart devices
(Reuters) - The U.S Food and Drug Administration on Wednesday recommended healthcare facilities transition away from using Getinge's heart devices as they continued to have safety and quality concerns. (Reporting by Sriparna Roy in Bengaluru; Edit...
May 08, 2024