Tag: Health care industry
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Bank of America spends $250 million a year on GLP-1 drugs for its employees, CEO says
Employers have grappled with soaring demand for GLP-1 drugs such as Ozempic and Wegovy, which can cost thousands of dollars per patient annually.
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Eli Lilly easily tops quarterly estimates, raises outlook as Zepbound and Mounjaro sales surge
Eli Lilly now expects 2026 revenue to come in between $85 billion and $87 billion, up from a previous guidance of $82 billion and $85 billion.
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CVS blows past estimates, hikes guidance as insurance unit continues to improve
CVS also announced a new collaboration with Eli Lilly that will make Zepbound and Foundayo accessible to eligible patients on the CVS Health app.
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Novo Nordisk’s raised forecast fails to change the debate over its obesity business
Wall Street isn’t convinced the Ozempic maker has a promising path back to sustainable growth as competition from Eli Lilly intensifies.
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Chipotle stock falls on potential link to salmonella outbreak in Minnesota
Chipotle has pulled the affected supply from restaurants and replaced them with peppers from different growers, according to the company.
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Novo Nordisk shares slide after guidance disappoints investors
Novo Nordisk raised its financial outlook as it tries to catch up with rival Eli Lilly in the booming GLP-1 market.
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Procter & Gamble will acquire supplements brand Thorne for $3.8 billion, CEO tells CNBC
P&G CEO Shailesh Jejurikar said the acquisition is play to grow the company’s health business on CNBC’s “Squawk on the Street.”
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Pfizer tops estimates, hikes low end of revenue guidance on strength of Eliquis, other drugs
Pfizer said it cut its full-year revenue expectation for its Covid products to $4 billion, down from around $5 billion previously.
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Merck hikes revenue outlook as new drug sales grow, but cuts profit guidance due to deal charges
Merck cut its profit guidance due to a charge tied to its acquisition of biotech company Terns Pharmaceuticals.
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Michigan confirms first two deaths in cyclospora outbreak
The Michigan Health Department said that both individuals had underlying health conditions.
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