Amgen in Advanced Talks to Buy Horizon Therapeutics

Amgen in Advanced Talks to Buy Horizon Therapeutics

Amgen Inc. AMGN -2.42% is in advanced talks to buy drug company Horizon Therapeutics HZNP 0.39% PLC, according to people familiar with the matter, in a takeover likely to be valued at well over $20 billion and mark the largest healthcare merger of the year. The U.S. biotechnology company was the last of three suitors … Read more

Theranos Ex-President Sunny Balwani to Be Sentenced Today

Theranos Ex-President Sunny Balwani to Be Sentenced Today

SAN JOSE, Calif.—When Theranos Inc.’s former No. 2 executive is sentenced on Wednesday, he may get a longer prison term than his boss, who was at the center of the fraud at the company she founded.  Mr. Balwani’s former business partner and ex-girlfriend, Theranos founder Elizabeth Holmes, was sentenced last month to 11¼ years for … Read more

CVS Tries Out Remote System to Help Fill Prescriptions

CVS Tries Out Remote System to Help Fill Prescriptions

CVS Health Corp. CVS 0.91% is testing a system that allows pharmacists to process prescriptions in part remotely, a move it said could improve store working conditions and the experience for customers as the company grapples with a shortage of pharmacists. CVS has equipped roughly 8,000 of its more than 9,000 U.S. drugstores with technology … Read more

General Electric Sets Healthcare Division Spinoff Plans

General Electric Sets Healthcare Division Spinoff Plans

The planned spinoff of GE HealthCare Technologies is part of General Electric’s overall plan to split into three separate public companies. Photo: Charles Krupa/Associated Press Updated Nov. 30, 2022 9:03 pm ET General Electric Co. set the terms for the spinoff of its healthcare division, putting an initial value of roughly $31 billion on the … Read more

Elizabeth Holmes, Convicted Theranos Founder, to Be Sentenced Friday

Elizabeth Holmes, Convicted Theranos Founder, to Be Sentenced Friday

Elizabeth Holmes, the founder of disgraced blood-testing company Theranos Inc., has asked a federal judge for leniency for her fraud crimes, positioning herself as a loving mother and selfless community servant. Ms. Holmes, who has asked for a sentence of home confinement and community service, and no more than 18 months in prison, faces an … Read more

Part 1: The Tip of the Triangle – Examining London’s Potential in the Life Sciences Sector

Part 1: The Tip of the Triangle – Examining London’s Potential in the Life Sciences Sector

London has long been part of the life sciences triad. With centres in St Pancras, Imperial and White City, London is clearly a key player in the life sciences sector. However, unlike Oxford and Cambridge, the degree to which centres are established in London isn’t quite as high as it perhaps should be. This article … Read more

Elon Musk Says Twitter Has Had Massive Revenue Drop as Layoffs Begin

Elon Musk Says Twitter Has Had Massive Revenue Drop as Layoffs Begin

Twitter Inc. has suffered “a massive drop in revenue” because of advertisers cutting back on using the social-media platform, new owner Elon Musk said Friday, as the company started sweeping layoffs just over a week after the billionaire took it over. Mr. Musk, in a tweet Friday, blamed the cutback in advertising on “activist groups … Read more

China Agrees to Approve BioNTech’s Covid-19 Vaccine for Foreigners, German Chancellor Says

China Agrees to Approve BioNTech’s Covid-19 Vaccine for Foreigners, German Chancellor Says

SINGAPORE—China agreed to approve BioNTech SE’s Covid-19 vaccines for foreign residents, German Chancellor Olaf Scholz said in Beijing Friday, in what would mark the first approval of an mRNA vaccine for Covid-19 for use in China. Mr. Scholz and Chinese leader Xi Jinping also discussed a pathway for approving the BioNTech vaccine for the broader … Read more

J&J Agrees to Buy Medical-Device Maker Abiomed

J&J Agrees to Buy Medical-Device Maker Abiomed

Johnson & Johnson JNJ -0.48% said Tuesday it had agreed to buy heart-device maker Abiomed Inc. ABMD 50.13% in an all-cash deal that would be valued at $16.6 billion upfront including cash. Under the terms, J&J agreed to pay $380 a share upfront, and would pay an additional $35 a share if certain milestones are … Read more

This reliable indicator of recession has yet to buckle, and so the Fed won’t either, strategist says

This reliable indicator of recession has yet to buckle, and so the Fed won’t either, strategist says

As the Fed kicks off its two-day interest-rate setting meeting, the focus is on whether Jerome Powell & Co. stick to their hawkish tone or indicate the pace of rate hikes may slow down. Certainly, there’s valid reason for at least slowing down, after another jumbo rate hike is delivered on Wednesday. Inflation at a … Read more