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AstraZeneca beats third-quarter revenue and profit expectations

(Reuters) -AstraZeneca beat third-quarter earnings expectations on Thursday, helped by strong sales of key cancer, heart and kidney disease drugs, prompting London's most valuable listed company to retain its full-year forecasts. (Reporting by Pushkala Aripaka and Unnamalai L in Bengaluru, and Maggie Fick in ...
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Molecular diagnostics firm BillionToOne raises $273 million in US IPO

(Reuters) -Molecular diagnostics firm BillionToOne raised $273.1 million in its U.S. initial public offering on Wednesday, pricing its shares above its marketed range. The Menlo Park, California-based company sold about 4.6 million shares priced at $60 apiece in the IPO, compared with its targeted range ...
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McKesson raises annual profit forecast on robust demand for specialty drugs

(Reuters) -Drug distributor McKesson raised its fiscal 2026 profit forecast on Wednesday, betting on strong growth in its oncology and specialty drug distribution businesses. Shares of the company rose about 2% in extended trading. Drug distributors in the United States are expanding their presence in the ...
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MetLife quarterly profit rises on investment gains

(Reuters) -MetLife reported a rise in third-quarter profit on Wednesday, as the insurer raked in more income from investments. Risk-averse insurers typically hold bond-heavy investment portfolios, which offer better yields in a volatile and uncertain market environment. The company said returns on private equity assets ...
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Delaware judge says she will not block Metsera from ending Pfizer deal 

WILMINGTON, Delaware (Reuters) -A Delaware judge said on Wednesday she would reject a request by Pfizer to temporarily block Metsera from terminating its takeover deal with Pfizer, allowing Metsera to proceed instead with a higher $10 billion deal from Novo Nordisk. (Reporting by Tom ...
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Pfizer preparing to raise its bid for Metsera, WSJ reports

(Reuters) -Pfizer is preparing to sweeten its offer again for Metsera, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. (Reporting by Kamal Choudhury in Bengaluru; Editing by Sriraj Kalluvila) Brought to you by www.srnnews.com
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US trade regulator raises concern about Novo bid for Metsera

WILMINGTON, Delaware (Reuters) -The structure of Novo Nordisk's $10 billion bid for obesity drug developer Metsera may violate provisions of U.S. antitrust law if the companies consummate the deal without prior regulatory review, the U.S. Federal Trade Commission said in a Wednesday letter to ...
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Trump, Eli Lilly to announce weight loss drug price cut on Thursday, CBS reports

(Reuters) -U.S. President Donald Trump on Thursday is expected to announce a deal with officials from Eli Lilly and Novo Nordisk cutting the price of weight loss drugs in some cases to $150 a month, CBS reported on Wednesday, citing sources. (Reporting by ...
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WHO reports 42 deaths in Rift Valley Fever outbreak in Mauritania and Senegal

(Reuters) -The World Health Organization said on Wednesday that a total of 404 confirmed human cases of Rift Valley Fever (RVF), including 42 deaths, were reported by national health authorities in Mauritania and Senegal between September 20 and October 30. (Reporting by Gnaneshwar ...
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Bristol Myers reaches $239 million settlement over psoriasis, MS drugs

By Jonathan Stempel (Reuters) -Bristol Myers Squibb reached a $239 million settlement of claims that former Celgene shareholders were defrauded about prospects for the psoriasis drug Otezla, and multiple sclerosis treatment now known as Zeposia. A preliminary settlement of the 7-1/2-year-old class action was filed on ...
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Europe races to lock down poultry as bird flu takes hold

By Sybille de La Hamaide PARIS (Reuters) -A surge in deadly bird flu cases in Europe has prompted more countries to confine millions of poultry indoors to shield them from infected wild birds, with Ireland the latest to take action on Wednesday. Highly pathogenic avian influenza, ...
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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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