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Royalty Pharma to pay up to $2 billion to Revolution Medicines for cancer drug

(Reuters) -Royalty Pharma said on Tuesday it will pay up to $2 billion to Revolution Medicines to support the companies’ plans for global development and sales of the experimental cancer drug daraxonrasib. Under the agreement, Royalty Pharma will provide up to $1.25 billion, including a ...
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Healthcare startup Abridge raises $300 million, led by VC firm Andreessen Horowitz

(Reuters) -Healthcare firm Abridge, which uses artificial intelligence to build medical documents, has raised $300 million in a funding round, it said on Tuesday. The funding round was led by venture capital firm Andreessen Horowitz with participation from Khosla Ventures. Founded in 2018, Pittsburgh-based ...
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Novo Nordisk launches weight-loss drug Wegovy in India to compete with rival Lilly’s Mounjaro

By Rishika Sadam and Kashish Tandon HYDERABAD (Reuters) -Danish drugmaker Novo Nordisk launched its blockbuster weight-loss drug Wegovy in the world’s most populous nation, in a move that will challenge rival Eli Lilly’s Mounjaro, which hit Indian markets in March. Wegovy, a once-a-week injection, will be ...
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Novo Nordisk launches blockbuster weight-loss drug Wegovy in India

(Corrects pricing for Wegovy’s 2.4 mg dose to 26,015 rupees a month, not 26,050 rupees, in paragraph 4) By Rishika Sadam HYDERABAD (Reuters) -Danish drugmaker Novo Nordisk on Tuesday launched its blockbuster weight-loss drug Wegovy as a once-a-week injection in India. The drug is under distribution ...
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Novo Nordisk launches blockuster weight-loss drug Wegovy in India

(Reuters) -Danish drugmaker Novo Nordisk officially launched its blockbuster weight-loss drug Wegovy on Tuesday as a once-a-week injection in India.(Reporting by Kashish Tandon in Bengaluru; Editing by Sherry Jacob-Phillips) Brought to you by www.srnnews.com
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China could retaliate after EU bars Chinese firms from medical device tenders

BEIJING (Reuters) -China could take steps against the European Union after the 27-member bloc barred Chinese firms from most public tenders for medical devices, the commerce ministry said on Tuesday, keeping trade tensions high ahead of a key summit next month. The European Commission said ...
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China says ‘dissatisfied’ as EU bars Chinese firms in medical device tenders

BEIJING (Reuters) -China is strongly dissatisfied and firmly opposes the European Union’s restrictions on Chinese companies in the medical devices sector, its commerce ministry said on Tuesday. The European Commission on Friday said it will bar Chinese firms from participating in EU ...
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UK pledges 1 billion pounds to build new biosecurity centre

LONDON (Reuters) -Britain will invest 1 billion pounds ($1.35 billion) to establish a biosecurity centre, boosting its efforts to prevent a future pandemic by detecting high-risk animal diseases and other biological threats. The government said on Tuesday that the National Biosecurity Centre is expected to ...
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Former leader of anti-vaccine group to present at CDC vaccine panel, CNN reports

(Reuters) -A former leader of the anti-vaccine group Children’s Health Defense is set to present on flu vaccines containing the preservative thimerosal at a CDC vaccine advisory panel meeting, CNN reported on Monday, citing a CDC official not authorized to discuss the matter publicly. The ...
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US health chief Kennedy gets pledge from insurers on prior authorization reform

By Leah Douglas and Ahmed Aboulenein WASHINGTON (Reuters) -U.S. health secretary Robert F. Kennedy Jr. met with major health insurers on Monday, extracting pledges that they will take additional measures to simplify their requirements for prior approval on medicines and medical services. Insurers including ...
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Milken protege Peizer gets 3-1/2 years prison for insider trading, plans appeal

By Jonathan Stempel (Reuters) -A protege of former junk bond king Michael Milken was sentenced on Monday to 3-1/2 years in prison for insider trading at a healthcare company he once led, over his use of a trading plan designed to protect executives against that ...
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Amgen experimental weight-loss drug needs lower dose to limit side effects

By Deena Beasley (Reuters) -Amgen’s long-acting experimental obesity drug MariTide needs to be given at a low starting dose to limit side effects like vomiting, according to mid-stage trial results presented at a medical meeting on Monday that pushed the company’s shares down nearly 6%. To ...
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