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Cigna to end drug rebates in many private health plans in 2027

(Reuters) -Cigna Group said on Monday it will eliminate prescription drug rebates in many of its commercial health plans in 2027, and offer up-front discounts at its pharmacy counters to lower costs for patients. The move cuts out the complex post-purchase rebate arrangement it had ...
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UnitedHealth investors pin turnaround hopes on new CEO

By Amina Niasse and Sriparna Roy NEW YORK (Reuters) -Some long-term UnitedHealth Group investors are putting their faith in the return of a CEO with a proven track record and a new management team they believe can deliver a turnaround for the historically high-growth ...
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BridgeBio’s genetic muscle disorder drug meets all goals in late-stage trial

(Reuters) -BridgeBio Pharma said on Monday its experimental drug for a rare muscle disorder, which currently has no approved treatments, showed improvements in motor and lung function in a late-stage trial, sending its shares up 14% premarket. The oral drug, BBP-418, is being tested in ...
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Intellia pauses gene therapy trials after patient suffers liver injury, shares slide

(Reuters) -Intellia Therapeutics has temporarily stopped dosing and patient screening in two late-stage studies of its gene therapy after a participant developed serious liver injury, the company said on Monday, sending its shares down over 44% in premarket trading. The patient, who received ...
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Revvity lifts annual profit forecast on renewed demand in diagnostics unit

(Reuters) -Medical equipment maker Revvity on Monday raised its annual profit forecast and beat third-quarter estimates on improving demand for its testing kits in the diagnostics unit. However, shares of the company fell 2.7% in volatile premarket trading after third-quarter revenue missed estimates. Quarterly revenue in ...
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India advances anti-dumping probe into tuberculosis drug imports from China, Thailand

NEW DELHI (Reuters) -India on Monday advanced an anti-dumping investigation into imports from China and Thailand of Ethambutol Hydrochloride, an active pharmaceutical ingredient used in anti-tuberculosis drugs, by releasing a list of registered interested parties. The Directorate General of Trade Remedies (DGTR) launched the investigation ...
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DNA from mass grave reveals pathogens that beset Napoleon’s army in 1812

By Will Dunham (Reuters) -The retreat from Russia by Napoleon Bonaparte and the French Grande Armée in 1812 was a cataclysmic event that marked the beginning of the end for his empire and personal dominance in Europe, with about 300,000 soldiers perishing in a force ...
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Organon CEO Kevin Ali to resign after probe into contraceptive sales

(Reuters) -Organon said on Monday CEO Kevin Ali will resign from his role, after an internal investigation into sales of its Nexplanon contraceptive implant to wholesalers pointed to “improper” practices. An audit committee found certain U.S. wholesalers were asked to purchase more Nexplanon than needed ...
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Republicans grapple with voter frustration over rising health care premiums

WASHINGTON (AP) — The first caller on a telephone town hall with Maryland Rep. Andy Harris, leader of the House’s conservative Freedom Caucus, came ready with a question about the Affordable Care Act. Her cousin’s disabled son is at risk of losing the insurance ...
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Illinois agency buys incompatible computer system meant to ‘streamline’ diversity efforts

(The Center Square) The number of businesses owned by racial minorities and women that are certified by Illinois plummeted in the past year, partly due to a new computer system the state bought for as much as $750,000 and was designed to help boost ...
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Novartis to acquire Avidity Biosciences for about $12 billion

(Fixes timeframe in last paragraph to “In July”) By Padmanabhan Ananthan and Angela Christy M (Reuters) -Swiss drugmaker Novartis on Sunday said it agreed to acquire U.S. biotech firm Avidity Biosciences for about $12 billion in cash, as the company looks to bolster its portfolio ...
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Poland reports outbreak of bluetongue disease in cattle, WOAH says

PARIS (Reuters) -Poland has reported an outbreak of bluetongue disease in cattle near the Czech border, the World Organisation for Animal Health (WOAH) said on Monday as the virus continues to spread across Europe. Bluetongue can be deadly for domestic ruminants such as sheep, cattle ...
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