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Pfizer raises 2025 profit forecast for second time in a row

(Reuters) -Pfizer on Tuesday lifted its full-year profit forecast for the second time in a row as robust demand for its blockbuster heart treatment and blood thinner helped it post third-quarter earnings above expectations. Shares of the drugmaker, which have fallen about 7% so far ...
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Merck and Blackstone enter research agreement to develop cancer therapy for $700 million

(Reuters) -Merck said on Tuesday that it has entered into an agreement to receive funds managed by Blackstone Life Sciences for $700 million to develop an experimental cancer therapy. (Reporting by Sneha S K) Brought to you by www.srnnews.com
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Philips profit boosted by launch of AI tools, tariff mitigation

By Leo Marchandon (Reuters) -Dutch medical technology company Philips reported third-quarter profit above market expectations, helped by measures to mitigate the impact of tariffs and the launch of artificial intelligence tools. Adjusted earnings before interest, tax and amortisation (EBITA) came in at 531 million euros, surpassing ...
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Dialysis firm FMC delivers profit beat on cost cuts, even as flu mortality effects linger

By Maria Rugamer, Patricia Weiss and Bartosz Dabrowski (Reuters) -Fresenius Medical Care posted a stronger-than-expected quarterly operating income on Tuesday, helped by cost savings and portfolio measures, but kept its outlook unchanged amid lingering effects from elevated flu mortality among patients. The dialysis specialist, which makes a ...
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Novo Holdings sharpens India focus with bigger bets on niche hospitals

By Rishika Sadam HYDERABAD (Reuters) -Novo Holdings, which controls obesity drugmaker Novo Nordisk, is sharpening its focus on India, targeting single-specialty hospitals and contract drugmakers to tap high-growth healthcare segments, according to a senior company executive. Patients in the world’s most populous nation are increasingly preferring ...
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Sarepta slumps as gene therapy setback adds to drug pipeline woes

(Reuters) -Shares of Sarepta sank 36% before the bell on Tuesday after a trial for two gene-targeted therapies for a muscle-wasting disease missed a key goal, deepening concerns about the company’s treatment pipeline. The latest setback comes after Sarepta’s top-selling gene therapy, Elevidys, was briefly ...
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India’s Alembic Pharma posts quarterly profit jump on strong generics demand

(Reuters) -Indian drugmaker Alembic Pharmaceuticals posted a 20.4% rise in second-quarter profit on Tuesday, aided by strong demand for its generic drugs as well as new launches in its key U.S. market. The company’s consolidated profit rose to 1.85 billion rupees ($21.05 million) in the ...
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UltraGreen.ai starts pre-marketing of over $300 million Singapore IPO, sources say

By Yantoultra Ngui SINGAPORE (Reuters) -UltraGreen.ai has started pre-marketing for a Singapore initial public offering that could raise between S$300 million and S$400 million ($309 million), valuing the surgical imaging firm at more than S$2 billion, said two sources with direct knowledge of the matter. Bloomberg ...
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WATCH: IL GOP Rep: Sanctuary expansion bill may expose many to civil lawsuits

(The Center Square) – Illinois House and Senate leaders are touting legislation they say will protect people from federal immigration enforcement, but the House Republican floor leader says the bill could have unintended consequences and expose many people to civil liability. ...
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WATCH: Coalition sues to protect student loan forgiveness

(The Center Square) – Democratic attorney generals from 22 jurisdictions sued the U.S. Department of Education Monday over its new rule limiting Public Student Loan Forgiveness for government and nonprofit workers. ...
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Illinois quick hits: Man charged with threatening Trump; judge grants injunction in shelter funding case

Man charged with threatening Trump For the second time in less than a week, a person from Illinois has been charged with making threats against President Donald Trump. ...
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Factbox-Kenvue’s legal risks loom over planned acquisition by Kimberly-Clark

By Diana Novak Jones (Reuters) -Kimberly-Clark said on Monday it plans to acquire Band-Aid maker Kenvue, even as the latter company faces thousands of lawsuits involving its painkiller Tylenol and talc-based baby powder, raising questions about the scope of the liabilities Kimberly-Clark might inherit. Here is ...
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