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Exclusive-BAT pauses unlicensed US vape launch as FDA action accelerates

By Emma Rumney LONDON -British American Tobacco said it has paused a pilot plan to launch an unlicensed disposable vape in the U.S., as the Food and Drug Administration moves to crack down on unregulated products and speed up licences. BAT’s previously unreported reversal reveals the ...
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Shares in China’s top drugmaker Hengrui fall as quarterly profit disappoints

SHANGHAI (Reuters) -Shares in Jiangsu Hengrui Pharmaceuticals dropped nearly 5% on Tuesday, after China’s biggest drugmaker by market value reported a worse-than-expected third-quarter profit. The specialist in oncology, neurology, immunology, respiratory, metabolic and cardiovascular drugs has expanded licensing deals and developed more innovative drugs amid Beijing’s ...
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Novartis posts 6% rise in third-quarter operating income on new drug sales

FRANKFURT (Reuters) -Swiss drugmaker Novartis, on a deal-making spree this year, reported a 6% gain in operating income as growth of its new drugs outpaced stagnant revenue from established heart drug Entresto. Third-quarter operating income, adjusted for special items, rose to $5.46 billion, it said ...
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BioMarin Pharma plans to divest struggling gene therapy

(Reuters) -BioMarin Pharmaceutical said on Monday it plans to divest its gene therapy, a product once expected to be a blockbuster treatment for a type of rare bleeding disorder. The company said it is exploring out-licensing options for the therapy, Roctavian, and will remove it ...
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Australia’s CSL delays spin-off as US flu vaccine rates decline

By Rishav Chatterjee (Reuters) -Australian biotech CSL on Tuesday delayed its planned vaccine division spin-off and cut earnings forecasts due to a bigger-than-expected decline in U.S. flu vaccination rates, sending its shares down as much as 16.6%. The company told shareholders in August that it would ...
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Universal Health Services beats quarterly profit estimates on higher medical care demand

(Reuters) -Universal Health Services beat Wall Street estimates for third-quarter profit on Monday, driven by steady demand for medical care services at its hospitals, sending its shares surging 6% in extended trading. Health insurers have flagged elevated demand and rising costs in individual Affordable Care ...
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Federal food benefits and preschool aid to run dry starting Saturday if shutdown continues

Federal funds could begin running dry Saturday that help tens of millions of Americans to buy food for their families and send their toddlers to preschool if Congress doesn’t reach a deal by then to end the U.S. government shutdown. Funding for another program that ...
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Illinois Democrats talk redistricting to ‘neutralize’ Republicans

(The Center Square) – Gov. J.B. Pritzker says Illinois lawmakers are having conversations about changing the state’s congressional map. U.S. House Minority Leader Hakeem Jeffries, D-New York, visited both ...
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New Hampshire man resumes dialysis after record 271 days living with a pig kidney

WASHINGTON (AP) — A New Hampshire man is resuming dialysis after living with a gene-edited pig kidney for a record 271 days, doctors said Monday. His experience is helping researchers in their quest for animal-to-human transplants. Tim Andrews, 67, had the organ removed on Oct. ...
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Women reach heart health goals with less exercise than men, new study suggests

(NEW YORK) -- Women may need less exercise than men to gain similar protection against coronary heart disease, according to a new study published in Nature Cardiovascular Research.The findings come from an observational study of more than 85,000 adults in the United Kingdom who were followed ...
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US stillbirth rate is higher than reported

By Nancy Lapid (Reuters) -Stillbirths in the U.S. are more common than previously reported, affecting roughly 1 in 150 pregnancies, and rates are even higher in lower-income areas, according to results from a large study published on Monday. The national average reported by the U.S. Centers ...
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MapLight Therapeutics valued at $787 million as shares jump in Nasdaq debut

(Reuters) -Shares of MapLight Therapeutics opened 11.8% above their offer price in their Nasdaq debut on Monday, giving the drug developer a $787 million valuation. The Redwood City, California-based company’s stock opened at $19 apiece, compared with the $17 offer price. MapLight is the ...
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