MV TELEGRAPH DAILY NEWS
The Johnson & Johnson logo displayed on a monitor. Sopa Images | Lightrocket | Getty Images Two Democratic lawmakers on Tuesday pressed five of the nation’s largest pharmaceutical companies about their low tax bills and whether they support extending massive tax cuts for the industry in the GOP reconciliation bill. Sen. Elizabeth Warren, D-Mass., and …
Continue reading “Pfizer, Merck, J&J, others face scrutiny over tax loophole extension”
Weight loss syringes of the brands “Wegovy”, “Ozempic” are sold at In der Achat Apotheke in Mitte, Germany. Picture Alliance | Picture Alliance | Getty Images A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. Novo …
Continue reading “Ozempic, Wegovy linked to uncommon circumstances of eye situation”
Omada Health shares rose 21% in their Nasdaq debut Friday after the virtual chronic care company priced its stock at $19 per share in its IPO. The stock opened at $23 and closed at that same level, reaching a high of $28.40 in the middle of the day. The company said in a press release …
Continue reading “Omada shares open at $23 in Nasdaq debut after firm’s IPO”
Attendees walk through the lobby at the American Society of Clinical Oncology annual meeting in Chicago. Tim Boyle | Bloomberg | Getty Images A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. I’m back in New …
Continue reading “AstraZeneca, Pfizer, Gilead launch most cancers drug information”
Omada Health smart devices in use. Courtesy: Omada Health Omada Health plans to raise up to $158 million in its up coming IPO, attaining a market cap of about $1.1 billion at the top end of its expected range, according to a filing on Thursday. The virtual chronic care company filed its prospectus earlier this …
Continue reading “Omada Well being goals to IPO with market cap of as much as $1.1 billion”
Flags fly at half staff outside the United Healthcare corporate headquarters in Minnetonka, Minnesota, Dec. 4, 2024. Stephen Maturen | Getty Images News | Getty Images It took six months, countless hours on hold and intervention from state regulators before Sue Cover says she finally resolved an over $1,000 billing dispute with UnitedHealthcare in 2023. …
Continue reading “UnitedHealthcare faces backlash and inventory value decline”
Hinge Health’s TrueMotion feature. Courtesy: Hinge Health Hinge Health priced its IPO at $32 per share on Wednesday, at the top end of the expected range. The digital physical therapy startup sold 8.52 million shares in the offering, raising about $273 million. The total offering was for 13.7 million shares, with the balance being sold …
Continue reading “Hinge Well being costs IPO at $32, the highest finish of anticipated vary”
Bloomberg | Bloomberg | Getty Images Shares of UnitedHealth Group plunged more than 13% on Thursday following a report that the Department of Justice is conducting a criminal investigation into the health-care giant over possible Medicare fraud. The DOJ is focusing on the company’s Medicare Advantage business practices, but the exact nature of the potential …
Continue reading “UnitedHealth Group shares plunge on report of DOJ investigation”
A robotic arm fills prescriptions at a Walgreens’ micro-fulfillment center. Courtesy: Walgreens As struggling drugstore chains work to regain their footing, Walgreens is doubling down on automation. The company is expanding the number of retail stores served by its micro-fulfillment centers, which use robots to fill thousands of prescriptions for patients who take medications to …
Continue reading “Walgreens doubles down on robots to fill prescriptions amid turnaround”
Hinge Health co-founders Gabriel Mecklenburg (left) and Daniel Perez (right). Courtesy of Hinge Health At digital physical therapy startup Hinge Health, CEO Daniel Perez used to recognize hard-working employees with the “Cockroach Award,” a distinction that brought with it a “cockroach squad” t-shirt and a cash payout. References to the insect were abundant at the …
