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Pfizer lifts profit forecast as CEO sees reason for optimism in 2024

Pfizer lifts profit forecast as CEO sees reason for optimism in 2024

By Bhanvi Satija and Patrick Wingrove (Reuters) -Pfizer lifted its annual earnings forecast on Wednesday and reported a first-quarter profit above Wall Street estimates, boosted by cost cutting efforts and...
Bird flu testing shows more dairy products are safe, US FDA says

Bird flu testing shows more dairy products are safe, US FDA says

By Julie Steenhuysen and Tom Polansek CHICAGO (Reuters) -Preliminary results of tests on additional dairy products show that pasteurization inactivates the bird flu virus, the U.S. Food and Drug Administration...
Emergent BioSolutions to lay off about 300 employees

Emergent BioSolutions to lay off about 300 employees

(Reuters) -Emergent BioSolutions said on Wednesday that it would cut about 300 jobs across all areas of the company and shut down several manufacturing facilities as part of a restructuring...
Arizona Senate repeals 1864 abortion ban, governor seen signing quickly

Arizona Senate repeals 1864 abortion ban, governor seen signing quickly

By Brad Brooks (Reuters) -The Arizona Senate voted on Wednesday to repeal the state's 1864 ban on abortion, which could otherwise have taken effect within weeks. The repeal was passed...
UnitedHealth says hackers potentially stole a third of Americans’ data

UnitedHealth says hackers potentially stole a third of Americans’ data

By Ahmed Aboulenein and Zeba Siddiqui WASHINGTON (Reuters) - Hackers who breached UnitedHealth's tech unit in February potentially stole a third of Americans' data, the largest U.S. health insurer's CEO...
US judge blocks some North Carolina restrictions on abortion pill

US judge blocks some North Carolina restrictions on abortion pill

By Brendan Pierson (Reuters) -A federal judge has struck down parts of a North Carolina law restricting patients' access to the abortion pill mifepristone, which has become the subject of...
VP Harris visits Florida as abortion ban limits women’s options

VP Harris visits Florida as abortion ban limits women’s options

By Nandita Bose JACKSONVILLE, Florida (Reuters) -U.S. Vice President Kamala Harris sought to blame Republican candidate Donald Trump for Florida's six-week abortion ban that took effect on Wednesday, saying his...
J&J advances $6.48 billion settlement of talc cancer lawsuits

J&J advances $6.48 billion settlement of talc cancer lawsuits

By Dietrich Knauth and Mike Spector NEW YORK(Reuters) -Johnson & Johnson said on Wednesday it is moving forward with a $6.48 billion proposed settlement of tens of thousands of lawsuits...
Almost all US hospitals took financial hit from Change hack, AHA says

Almost all US hospitals took financial hit from Change hack, AHA says

By Amina Niasse NEW YORK (Reuters) - Almost all U.S. hospitals were hurt financially by the cyberattack on United Health Group’s Change Healthcare unit earlier this year, according to a...
Pot stocks jump as U.S. DOJ moves to reclassify cannabis as a less dangerous drug

Pot stocks jump as U.S. DOJ moves to reclassify cannabis as a less dangerous drug

By Tanay Dhumal (Reuters) -Shares of cannabis companies surged on Tuesday afternoon after the U.S. Department of Justice (DoJ) moved to reclassify marijuana as a less dangerous drug. U.S.-listed shares...
Weight-loss drug drives Eli Lilly to raise 2024 sales forecast by $2 billion

Weight-loss drug drives Eli Lilly to raise 2024 sales forecast by $2 billion

By Bhanvi Satija and Patrick Wingrove (Reuters) -Explosive demand and increased manufacturing capacity for Eli Lilly's weight-loss drug Zepbound drove the company to raise its annual sales forecast by $2...
First trial over Zantac cancer claims set to begin in Chicago

First trial over Zantac cancer claims set to begin in Chicago

By Brendan Pierson (Reuters) -The first trial over claims that blockbuster heartburn drug Zantac, once sold by GSK and other companies, causes cancer is set to begin this week in...
Neurocrine Biosciences’ Huntington’s disease drug gets FDA approval

Neurocrine Biosciences’ Huntington’s disease drug gets FDA approval

By Sruthi Narasimha Chari (Reuters) -The U.S. Food and Drug Administration (FDA) has approved the granule formulation of Neurocrine Biosciences' Ingrezza drug to treat movement disorders associated with Huntington's disease...
Explainer-How US change on marijuana would help cannabis companies

Explainer-How US change on marijuana would help cannabis companies

By Mrinalika Roy (Reuters) - The U.S. Justice Department is moving to make marijuana use a less serious federal crime with a proposal to reclassify the drug as on par...
US Justice Department takes step to make marijuana use a less serious crime

US Justice Department takes step to make marijuana use a less serious crime

By Jeff Mason, Pratik Jain and Sarah N. Lynch WASHINGTON (Reuters) - The U.S. Justice Department on Tuesday moved to make marijuana use a less serious federal crime, taking a...
Stryker lifts 2024 profit forecast on strong demand for medical devices, implants

Stryker lifts 2024 profit forecast on strong demand for medical devices, implants

(Adds media packaging code) (Reuters) - Stryker Corp lifted its full-year profit forecast on Tuesday, owing to resilient demand for the company's medical devices and implants. The joint-implant maker now...
US to test ground beef in states with bird-flu outbreaks in dairy cows

US to test ground beef in states with bird-flu outbreaks in dairy cows

By Tom Polansek CHICAGO (Reuters) -The U.S. government said on Monday it is collecting samples of ground beef at retail stores in states with outbreaks of bird flu in dairy...
State health plans must cover gender-affirming surgery, US appeals court rules

State health plans must cover gender-affirming surgery, US appeals court rules

By Brendan Pierson (Reuters) - Health insurance plans run by U.S. states must cover gender-affirming surgeries for transgender people, a U.S. appeals court ruled on Monday. The 8-6 opinion from...
UnitedHealth hackers used stolen login credentials to break in, CEO says

UnitedHealth hackers used stolen login credentials to break in, CEO says

(This April 29 story has been corrected to fix the headline and paragraph 1, and updated to clarify the breach occurred due to stolen credentials, not a Citrix vulnerability, in...
J&J, Bristol Myers lose challenges to US drug price negotiation program

J&J, Bristol Myers lose challenges to US drug price negotiation program

By Brendan Pierson (Reuters) - A U.S. judge on Monday rejected a challenge by Bristol Myers Squibb and Johnson & Johnson to a law requiring them to negotiate the prices...
Annovis tumbles as Alzheimer’s treatment misses in mid-stage study

Annovis tumbles as Alzheimer’s treatment misses in mid-stage study

By Pratik Jain and Christy Santhosh (Reuters) -Annovis Bio's on Monday reported data that showed its Alzheimer's disease drug failed to show statistical significance in meeting the goals of a...
US FDA grants full approval for Pfizer’s cervical cancer drug

US FDA grants full approval for Pfizer’s cervical cancer drug

(Reuters) -The U.S. Food and Drug Administration (FDA) granted full approval for Pfizer's drug for treating cervical cancer patients whose disease had progressed on or after chemotherapy, the agency said...
Wiping out polio ‘not guaranteed’, support needed, Bill Gates says

Wiping out polio ‘not guaranteed’, support needed, Bill Gates says

By Jennifer Rigby LONDON (Reuters) - Success in the fight to wipe out polio is not guaranteed, according to tech billionaire turned philanthropist Bill Gates, whose foundation has poured billions...
US food regulator gathering information on Indian spices after alleged contamination

US food regulator gathering information on Indian spices after alleged contamination

By Rishika Sadam and Aditya Kalra HYDERABAD (Reuters) -The U.S. Food and Drug Administration (FDA) is gathering information on products of Indian spice makers MDH and Everest after Hong Kong...
Centene’s concerns over Medicare market dull Q1 profit beat

Centene’s concerns over Medicare market dull Q1 profit beat

By Mariam Sunny and Vaibhav Sadhamta (Reuters) -Centene said on Friday its Medicare insurance business would face several challenges next year, taking the sheen off a strong first-quarter earnings report...
CVS Omnicare staff in Las Vegas vote to join new union

CVS Omnicare staff in Las Vegas vote to join new union

(Reuters) - Staff at CVS Health's unit Omnicare in Las Vegas voted to join the Pharmacy Guild, becoming the first location at the national pharmacy chain to join the union....
WHO says bird flu risk currently low, asks countries to remain vigilant

WHO says bird flu risk currently low, asks countries to remain vigilant

(Reuters) -The current overall public health risk posed by the H5N1 bird flu virus is low, the World Health Organization said on Friday, but urged countries to stay alert for...
US FDA approves Pfizer’s gene therapy for rare bleeding disorder

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

By Sriparna Roy (Reuters) -The U.S. Food and Drug Administration approved Pfizer's gene therapy for hemophilia B on Friday, the second such therapy for the rare bleeding disorder that typically...
Biden administration delays plan to ban menthol cigarettes

Biden administration delays plan to ban menthol cigarettes

By Jarrett Renshaw (Reuters) -The Biden administration on Friday delayed its plan to ban menthol cigarettes, a move that reflected the potential for a political backlash from Black voters in...
Drugmaker AbbVie expects Humira volume erosion to worsen

Drugmaker AbbVie expects Humira volume erosion to worsen

By Leroy Leo and Christy Santhosh (Reuters) -AbbVie expects a drop in sales volumes of its blockbuster arthritis drug Humira to deepen after recent changes by U.S. pharmacy benefit managers...