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Biohaven shares plunge after US FDA declines to approve brain disorder drug

By Siddhi Mahatole (Reuters) -Shares of Biohaven fell more than 40% on Wednesday after the U.S. Food and Drug Administration declined to approve its experimental treatment for a rare brain disorder. The company said late on Tuesday the FDA had issued a so-called "complete response letter" ...
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Perrigo begins strategic review of baby formula business

(Reuters) -Perrigo said on Wednesday it has initiated a strategic review of its infant formula business as the consumer health company shifts its focus to higher-margin branded products. The company is a top supplier of store-brand baby formula, which is sold under retailers' labels and ...
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Aurobindo Pharma’s profit rises on steady domestic demand 

(Reuters) -Indian drugmaker Aurobindo Pharma reported a 3.8% rise in profit on Wednesday, helped by steady domestic demand, especially for its anti-retroviral drugs for HIV infections. Consolidated net profit in the second quarter rose to 8.48 billion rupees ($96.48 million) from 8.17 billion rupees a ...
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From a few to more than 350, children and parents ride together to school as a ‘bike bus’

MONTCLAIR, New Jersey (AP) - On a sunny fall morning, children wearing helmets and backpacks gathered with their parents in Montclair, New Jersey, for a group bicycle ride to two local elementary schools. Volunteers in orange safety vests made sure everyone assembled in a ...
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Illinois quick hits: Tax Competitiveness Index released; IDOT career fair in Springfield

Tax Competitiveness Index released The Tax Foundation's annual State Tax Competitiveness Index ranks Illinois 38th out of 50. ...
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Humana beats quarterly profit estimates on higher premiums, in-line medical costs

(Reuters) -Health insurer Humana reported third-quarter profit that beat Wall Street estimates on Wednesday, helped by higher premiums and medical costs which were in line with the company's expectations. It is one of the largest providers of Medicare Advantage plans for people 65 and older ...
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Mandatory bird housing imposed in Ireland after bird flu outbreak

DUBLIN (Reuters) -Ireland on Wednesday imposed a mandatory country-wide housing order for poultry and captive birds, effective from November. 10, following the first outbreak of highly pathogenic H5N1 bird flu on a farm in the country since 2022. A swift seasonal upturn in Europe of ...
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Charles River plans to sell underperforming assets, ramp up cost cutting

(Reuters) -Contract drug developer Charles River Laboratories on Wednesday announced plans to sell some underperforming or non-core assets and ramp up cost-cutting measures in its latest effort to boost profits. The moves came after the company raised its annual profit target, and following a review ...
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Bio-Techne misses quarterly sales estimates on weak biotech demand

(Reuters) -Biotech firm Bio-Techne missed its first-quarter revenue estimates on Wednesday, hurt by sluggish demand for its products amid soft biotech funding environment in China. Shares of the Minneapolis, Minnesota-based company, which develops products used in medical research, drug development and diagnostics, were down nearly ...
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Teva Pharm third-quarter profit tops estimates as branded drugs gain

JERUSALEM (Reuters) -Teva Pharmaceutical Industries reported on Wednesday a higher-than-expected rise in third-quarter profit, helped by strong sales of its trio branded drugs to treat migraines, Huntington's disease and schizophrenia. Shares in the world's largest generic drugmaker were up 9.2% by 1230 GMT, against a ...
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Cencora to invest $1 billion on US drug distribution, posts upbeat 2026 forecast

(Reuters) -Cencora will invest over $1 billion through 2030 to expand its U.S. network, the drug distributor said on Wednesday, after forecasting adjusted profit for next year above Wall Street expectations. The company said it will build a second national distribution center in Harrison, Ohio, ...
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Zimmer cuts 2025 organic sales growth forecast on weakness in international markets

(Reuters) -Zimmer Biomet Holdings cut its 2025 organic revenue growth forecast following weakness in Latin America and emerging markets in Europe that offset the company's strong performance in the U.S., sending shares 8.4% lower in premarket trading. The medical device maker kept its overall revenue ...
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