How to Save $1 Billion on Pharmaceuticals by 2020

By Scott MacDougallSanofi is taking an aggressive approach to its $1.4 billion acquisition of Vivo Pharmaceuticals.The $7.2 billion deal is expected to close by the end of this year.The acquisition of a small but significant company in Sanofi’s portfolio of pharmaceuticals is part of a broader plan to expand its portfolio of drugs in the…

Astrazeneca to shut down 2,000 jobs in North Carolina

Astrazenec, one of the largest U.S. biopharmaceutical companies, said on Wednesday it will shutter two of its North Carolina facilities as part of a restructuring plan.The company will lay off about 1,200 workers, the largest such job cut in North America and the first since it began outsourcing some of its manufacturing operations to overseas…

Teva Pharmaceuticals, Teva stocks down as stock price plunges

Teva, the world’s largest maker of life-saving chemotherapy drugs, reported disappointing earnings and revenue results for the first quarter, a major setback for its chief executive, who was replaced by former chief financial officer D.J. Haryana.The company posted a loss of $2.2 billion, or 31 cents a share, as its revenue fell by $2 billion.Analysts…

Massachusetts health officials consider medical marijuana as a safer alternative to opioids

Medical marijuana has become a safer and more affordable alternative to opioid overdose treatment, Massachusetts health authorities said Thursday.Maine’s Department of Public Health announced the state’s first trial of medical marijuana in the state last year, and the next step in the process will be to begin using it as an alternative to heroin and…

The Intercept: The Intercept has been given access to a secret government document obtained by The Intercept that details the extent of surveillance of journalists.

The Intercept, a nonprofit news site founded in 2004 by former Washington Post reporter Glenn Greenwald, obtained a secret copy of the 2013 National Security Agency document leaked by Edward Snowden.According to the document, the NSA was conducting mass surveillance of American journalists in a bid to identify sources of information.Greenwald and a colleague, Laura…

Which is the most important drug to use to treat asthma?

What’s the most crucial medication to use when you’re struggling with asthma?And which one of these are the best choices for you? A new study, published today in PLOS One, gives us an answer.It’s the first to compare the use of the different drugs, and it’s important to note that there are no perfect drugs for…

Which stocks will outperform?

The market has been in turmoil since President Trump took office, but the news that a major biotechnology company could be on the verge of closing was a shock to the market.Biomarin is a biotechnology giant with a wide range of drugs for cancer treatments and other conditions.It is the third-largest U.S. biotechnology stock, after…

How Lexicon Pharma got its $500 million takeover of Covis Pharmaceuticals

An Australian company that got its big money from a major drugmaker is moving into the healthcare market.Lexicon Pharma is investing $500m in Covis Pharma, which makes a blood thinning drug.The deal could be one of the biggest in Australia’s history.It comes amid rising concerns about drug prices and the cost of healthcare in Australia.Lexis…

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