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Sanofi’s type 1 diabetes drug recommended for EU approval

(Reuters) -The European Medicines Agency's committee has recommended approval of French drugmaker Sanofi's first-of-its-kind drug that delays onset of the insulin-dependent stage 3 of type 1 diabetes, it said on Friday. Teizeild, chemically known as teplizumab, was already approved in the U.S. in November 2022 ...
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Merck bets on flu prevention with $9.2 billion deal for Cidara Therapeutics

(Reuters) - Merck will acquire Cidara Therapeutics in a nearly $9.2 billion deal, the companies said on Friday, gaining access to an experimental drug for flu prevention. Merck is looking to diversify its revenue beyond Keytruda as its patents for the blockbuster drug begin to ...
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Health Rounds: Lilly blood thinner tops AstraZeneca’s for heart procedure patients with diabetes

(This is an excerpt of the Health Rounds newsletter, where we present latest medical studies on Tuesdays and Thursdays.) By Nancy Lapid (Reuters) - Blood-thinning drugs that doctors often prescribe interchangeably after procedures to reopen narrowed heart arteries don't work equally ...
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India’s Glenmark posts higher quarterly profit on strong demand in N.America, Europe

(Reuters) -India's Glenmark Pharmaceuticals reported a 72% jump in second-quarter adjusted profit on Friday, on recovery in key North American and European markets. The drugmaker reported a consolidated net profit of 6.1 billion rupees ($69.4 million) for the quarter ended September 30, up from 3.54 ...
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Bristol Myers, J&J halt heart drug trial after interim review

(Reuters) -Bristol Myers Squibb and Johnson & Johnson said on Friday they would stop a late-stage trial of their experimental blood clot drug in heart attack patients, after an independent review found the study was unlikely to meet its main goal. The trial was testing ...
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Chinese doctors call for insurance coverage for weight-loss drugs

By Andrew Silver BEIJING (Reuters) -Some doctors in China want national insurance coverage for weight-loss drugs to tackle endemic obesity, medical professionals told Reuters in rare instances of public advocacy, halfway through a decade in which the number of people considered overweight is set to ...
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Pfizer’s former R&D chief Dolsten pulls out of Novo Nordisk board race

(Reuters) -Mikael Dolsten, Pfizer's former research and development chief, has withdrawn his candidacy for Novo Nordisk's board, citing personal reasons, the Danish drugmaker said on Thursday. Dolsten, who led Pfizer's R&D operations until 2024, informed Novo that he would not seek election at Friday's extraordinary ...
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Merck nearing deal for Cidara, FT reports

(Reuters) -Merck is closing in on a deal to buy Cidara Therapeutics in a deal valuing the biotechnology company at a premium to its $3.3 billion market capitalization, the Financial Times reported on Thursday. The deal could be announced as soon as Friday, barring any ...
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Pfizer slashes stake in COVID vaccine partner BioNTech

(Reuters) -Pfizer Inc said on Thursday that it sold a part of its stake in German drugmaker BioNTech SE, more than five years after both firms formed an alliance that yielded a vaccine to combat the deadly COVID-19 pandemic. A regulatory filing showed that ...
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Bavarian Nordic chair Debruyne steps down after failed takeover

(Reuters) -Danish vaccine maker Bavarian Nordic said on Thursday Luc Debruyne will step down as chair, days after a takeover attempt by Nordic Capital and Permira collapsed. Debruyne will be succeeded by current vice chair Anne Louise Eberhard effective immediately, the company said in a ...
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WATCH: Lawmakers call out Pritzker for lack of transparency with budget cuts

(The Center Square) - Illinois lawmakers say they are not getting information from Gov. J.B. Pritzker or state agencies about the governor's proposed spending cuts. In September, Pritzker ordered ...
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USDA opens sterile fly facility in Mexico to combat screwworm

(Reuters) -The U.S. Department of Agriculture (USDA) on Thursday announced the opening of a sterile fly dispersal facility in Tampico, Mexico, in the fight against New World screwworm (NWS). "The Tampico facility will allow USDA to disperse sterile flies aerially across northeastern Mexico, including ...
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