News
Cigna settles FTC insulin case, aims to lower drug prices
5+ hour, 39+ min ago (460+ words) Feb 4 (Reuters) " Cigna Corp's Express Scripts settled the U.S. Federal Trade Commission's claims its insulin pricing practices violated antitrust and consumer protection laws, and agreed to changes aimed at lowering costs for patients, insurers and small pharmacies, the agency said on…...
Hedge funds short healthcare providers as subsidies debate intensifies
1+ mon, 1+ week ago (295+ words) LONDON, Dec 22 (Reuters) " Hedge funds last week sold more U.S. healthcare stocks than they bought for the first time in 14 weeks, Goldman "Sachs said in a note on Friday, as expiring subsidies leave lawmakers scrambling to curb costs. About 24 million Americans…...
Roche CEO points to higher future drug prices in Switzerland after US deal
1+ mon, 2+ week ago (406+ words) ZURICH, Dec 20 (Reuters) " Deals between pharmaceutical companies and Washington to reduce prices for medicines in the United States will likely push up the cost of new drugs in Switzerland, the CEO of Swiss pharma "giant Roche was quoted as saying…...
UnitedHealth pledges operational changes after external audits
1+ mon, 2+ week ago (282+ words) NEW YORK, Dec 19 (Reuters) " UnitedHealth said on Friday that audits by outside consulting firms of its health services and pharmacy benefit units would result in operational changes including "more automation and increased standardization of internal processes. UnitedHealth Group Inc CEO…...
Novartis, Roche back US efforts to lower drug costs amid talk of pricing deal
1+ mon, 2+ week ago (252+ words) ZURICH, Dec 18 (Reuters) " Swiss pharma giants Novartis and Roche on Thursday backed U.S. efforts to lower the cost of drugs and "are working with the Trump administration towards that goal following a report they are close to a pricing deal. U.S. President…...
Pentagon awards Humana a $7.3 billion health care deal
1+ mon, 2+ week ago (85+ words) Dec 17 (Reuters) - The "U.S. Defense Department "on "Wednesday said it was exercising "an "option "to "award "Humana a $7.3 billion deal "for health care "and "administrative "support "services. (Reporting "by Christian "Martinez, writing by David "Lj... Pentagon awards Humana a $7.3 billion health…...
AbbVie, several other pharma companies near MFN deal with Trump, sources say
1+ mon, 2+ week ago (516+ words) By Deena Beasley, Jarrett Renshaw and Michael Erman Dec 17 (Reuters) " AbbVie and several other drugmakers are expected to announce on Friday agreements with the U.S. government to lower certain prescription drug prices and meet other demands made by President Donald Trump,…...
Novartis, Roche near US drug price deal, Bloomberg News reports
1+ mon, 2+ week ago (230+ words) Dec 17 (Reuters) " The White House is set to announce drug pricing deals with pharmaceutical giants Novartis and Roche Holding "as soon as Friday, Bloomberg News reported on Wednesday, citing people familiar with the situation. Other drugmakers could also be included…...
Adaptive signs deal with Pfizer worth up to $890 million for rheumatoid arthritis research
1+ mon, 2+ week ago (198+ words) Dec 15 (Reuters) " Adaptive Biotechnologies said on Monday it has signed two non-exclusive deals with Pfizer to support research "in rheumatoid arthritis and other immune-related diseases. Shares of Adaptive were up over 3% in premarket trading. Adaptive said it will earn up…...
Pfizer to cut over 200 jobs in Switzerland to reduce costs, Bloomberg News reports
1+ mon, 3+ week ago (189+ words) Dec 10 (Reuters) " Pfizer will cut over 200 jobs in Switzerland as part of its multi-year cost "reduction program, Bloomberg News reported on Wednesday, citing people familiar with the matter. The drugmaker will reduce its workforce in the country to roughly 70 by…...