Tag: Biotech and Pharmaceuticals
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Merck CEO tells CNBC he expects breakthrough cancer vaccine will become faster to make
His comments come after Merck officially opened its new 120,000-square-foot research facility in the Greater Philadelphia area.
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Walmart to cover some GLP-1s, inhalers and insulin for employees at no cost as it expands benefits
Walmart will offer Novo’s Ozempic and Lilly’s Mounjaro without charge for people with Type 2 diabetes after a new prior authorization.
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Martin Shkreli violated lifetime pharma industry ban, FTC and states say in contempt claim
Shkreli was banned from the pharmaceutical industry after a trial found that he organized an illegal scheme to perpetuate a monopoly for the drug Daraprim.
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UnitedHealth Group tops estimates, hikes profit outlook as insurer manages high medical costs
UnitedHealth Group said it expects 2026 adjusted earnings of at least $20.50 per share, up from a previous outlook of $19.50 to $20.00 per share.
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AstraZeneca CEO says Summit drug could drive next generation of cancer combinations after $2 billion investment
Pascal Soriot spoke exclusively with CNBC from the site of AstraZeneca’s new $1 billion R&D facility in Kendall Square in Cambridge, Massachusetts.
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Why Lilly and Novo are betting on amylin to power a new wave of obesity drugs after GLP-1s
Eli Lilly and Novo are developing new amylin drugs that serve as another biological lever to pull in treating obesity and diabetes.
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Big Pharma turns to China for new drugs as patent cliff drives multibillion-dollar deals
Western biopharma companies are increasingly turning to China to source innovation, as pharma’s dreaded “patent cliff” draws closer.
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Eli Lilly says closely watched combo obesity regimen boosts weight loss in mid-stage trial
Lilly said it plans to start Phase 3 trials on the combo regimen adding its amylin drug eloralintide to tirzepatide at the end of the year.
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People switching to Novo’s Wegovy pill from obesity injections kept losing weight in real-world study
The data on Novo’s Wegovy pill suggests that patients may not need to take weekly injections forever, but can instead opt for more convenient treatments.
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