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J&J sues in latest bid to halt Medicare drug price negotiations

BY Reuters  • July 18, 2023July 18, 2023
(Reuters) -Johnson & Johnson sued the U.S. government on Tuesday, becoming the latest drugmaker seeking to block a program that gives the Medicare government health insurance plan the power to neg[...]
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Business Health Updated US

Teladoc expands Microsoft tie-up to document patient visits with AI

BY Reuters  • July 18, 2023July 18, 2023
(Reuters) – Teladoc Health is expanding a partnership with Microsoft to use the tech giant’s artificial intelligence services to automate clinical documentation on the telehealth platform,[...]
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Business Health Technology Updated US

Pfizer, Flagship Pioneering to invest $100 million in drug discovery

BY Reuters  • July 18, 2023July 18, 2023
(Reuters) -U.S. drugmaker Pfizer and venture firm Flagship Pioneering on Tuesday said they would invest $100 million together to develop up to 10 new potential drugs for areas including internal medic[...]
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Business Health Science Updated US

Court blocks curbs on US government contact with social media companies for now

BY Reuters  • July 14, 2023July 14, 2023
By Brendan Pierson (Reuters) -A U.S. appeals court on Friday temporarily blocked a lower court order that had sharply limited certain Biden administration officials’ and agencies’ contacts[...]
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Business Health Politics Technology Updated US

UnitedHealth’s lower-than-feared costs lift profit, shares

BY Reuters  • July 14, 2023July 14, 2023
By Bhanvi Satija and Raghav Mahobe (Reuters) -UnitedHealth Group’s quarterly profit beat Wall Street estimates on Friday as a smaller-than-expected jump in medical costs allayed fears that a res[...]
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Business Health Updated US

Eli Lilly to buy Versanis for up to $1.93 billion in obesity drugs push

BY Reuters  • July 14, 2023July 14, 2023
By Sriparna Roy (Reuters) -Eli Lilly and Co said on Friday it will buy privately held Versanis for potentially up to $1.93 billion to strengthen its position in the fast-growing market for weight-loss[...]
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Business Health Updated

Roivant in talks to sell bowel disease drug to Roche in over $7 billion deal – WSJ

BY Reuters  • July 14, 2023July 14, 2023
(Reuters) -Biotech company Roivant Sciences is in talks to sell an experimental drug to treat inflammatory bowel diseases, including ulcerative colitis and Crohn’s disease, to Roche in a deal th[...]
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Coca-Cola to see less pain from looming WHO decision on aspartame – analysts

BY Reuters  • July 13, 2023July 13, 2023
By Savyata Mishra (Reuters) – (This June 30 story has been officially corrected to drop the reference to aspartame being removed from PepsiCo products in 2020, in paragraph 9. A PepsiCo spokespe[...]
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Business Europe Health US

US FDA reviewing concerns over Logan Paul’s PRIME energy drink

BY Reuters  • July 13, 2023July 13, 2023
(Reuters) – The U.S. Food and Drug Administration said on Wednesday it is reviewing concerns raised by Senate Majority Leader Chuck Schumer against a popular influencer-created energy drink. Sch[...]
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