Business
October 02, 2024
2 views 6 mins 0

Dr Reddy's, Hetero ink royalty-free voluntary licencing pacts with Gilead Sciences for HIV drug Lenacapavir

Dr Reddy's, Hetero ink royalty-free voluntary licencing pacts with Gilead Sciences for HIV drug Lenacapavir

Dr Reddy’s Laboratories HYDERABAD: Dr Reddy’s Laboratories and Hetero are among half a dozen generic drug makers to have entered into non-exclusive, royalty-free voluntary licencing agreements with Gilead Sciences Ireland UC to manufacture and distribute the latter’s human immunodeficiency virus (HIV) drug Lenacapavir in India and 120 low- and middle-income countries (LMICs).Apart from Dr Reddy’s […]

Business
October 02, 2024
1 views 4 mins 0

Stellantis U.S. auto sales extend free fall in third quarter

Stellantis U.S. auto sales extend free fall in third quarter

Jeep vehicles are delivered to a dealership on June 20, 2024 in Chicago, Illinois.  Scott Olson | Getty Images DETROIT — Stellantis‘ U.S. new vehicle sales continued a yearslong free fall during the third quarter, despite CEO Carlos Tavares’ attempts to correct what he has called “arrogant” mistakes. The trans-Atlantic carmaker reported U.S. sales Wednesday […]

Health
October 02, 2024
1 views 3 mins 0

Recursion gets FDA approval to begin phase 1 trials of AI-discovered cancer treatment

Recursion gets FDA approval to begin phase 1 trials of AI-discovered cancer treatment

Source: Recursion Pharmaceuticals AI drug pioneer Recursion Pharmaceuticals said Wednesday that one of its experimental treatments hit a key milestone. Recursion was able to use its artificial intelligence-enabled drug discovery platform to identify an area of biology to target for the treatment of solid tumors and lymphoma, match it with a drug candidate and move […]

Health
October 01, 2024
1 views 10 mins 0

Healthy Returns: Pfizer pulls sickle cell disease drug from markets – here’s why it matters

Healthy Returns: Pfizer pulls sickle cell disease drug from markets – here’s why it matters

Kena Betancur | Corbis News | Getty Images A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. Hello and happy Tuesday! Today, we’re unpacking a shocking move from Pfizer.  The pharmaceutical giant last week announced it […]

Business
October 01, 2024
1 views 3 mins 0

GM reports 2.2% decrease in third-quarter sales, but EVs make gains

GM reports 2.2% decrease in third-quarter sales, but EVs make gains

GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024. Michael Wayland / CNBC DETROIT — Increases in sales of electric vehicles and small crossovers helped General Motors report slightly better-than-expected sales during the third quarter. The Detroit automaker reported a 2.2% drop in third-quarter sales compared […]

Health
September 30, 2024
2 views 47 secs 0

CVS is working with advisors on strategic review, sources say

CVS is working with advisors on strategic review, sources say

CVS Pharmacy logo is seen in Washington DC, United States on July 9, 2024.  Jakub Porzycki | Nurphoto | Getty Images CVS Health‘s board has engaged advisors to conduct a strategic review of its business, according to people familiar with the matter, as the company contends with potential activist pressure and a severely depressed stock […]

Health
September 30, 2024
2 views 4 mins 0

Major CVS shareholder plans activist push, will meet with management, sources say

Major CVS shareholder plans activist push, will meet with management, sources say

Glenview Capital, a major CVS Health shareholder, is expected to meet with company leadership on Monday to lay out proposed fixes for the struggling business, according to people familiar with the matter, a potential precursor to an activist push. The hedge fund has established a sizable position in the company, said some of the people. […]