Federal authorities have filed charges against a former Pfizer employee and his close friend for engaging in illegal trading activities based on non-public trial results of Pfizer’s Covid antiviral pill, Paxlovid. The Justice Department and the Securities and Exchange Commission announced insider trading charges against Amit Dagar, a former senior statistical programming lead at Pfizer, …
Respiratory syncytial virus vial. Manjurul | Istock | Getty Images The Centers for Disease Control and Prevention (CDC) has issued a recommendation for adults aged 60 and above to receive a single dose of RSV vaccines from Pfizer and GSK after consulting their doctors. The recommendation, which was made by an advisory panel of outside …
U.S. Attorney General Merrick Garland delivered a speech on June 22, 2023 in Washington, DC. Chip Somodevilla | Getty Images The Department of Justice made an announcement on Wednesday, revealing that 78 individuals have been charged with involvement in healthcare fraud and opioid abuse schemes, amounting to a staggering $2.5 billion. According to the DOJ, …
An arrangement of drugs, with an Eli Lilly & Co. logo on a box of insulin medication, is showcased at a pharmacy in Princeton, Illinois (as seen in the attached photograph). Drug manufacturers are currently vying for the opportunity to benefit from the next groundbreaking innovation in the weight loss industry: effective, convenient, and potentially …
In a report released by a government watchdog, it was revealed that fraudulent actors may have stolen over $200 billion from federal loans intended to aid struggling small businesses during the Covid pandemic. The Office of the Inspector General estimated that approximately 17% of the $1.2 trillion disbursed by the Small Business Administration (SBA) could …
A view of the Regeneron Pharmaceuticals headquarters in Tarrytown, New York. Lev Radin | LightRocket | Getty Images Shares of Regeneron fell nearly 9% on Tuesday after the U.S. Food and Drug Administration declined to approve a higher-dose version of the company’s blockbuster eye disease treatment. The company had sought approval for an 8-milligram dose …
Walgreens Boots Alliance, a leading retail pharmacy chain, has lowered its full-year earnings guidance for the fiscal third quarter due to decreased consumer spending and a decline in demand for Covid vaccines and testing. As a result, the company’s earnings per share have been adjusted to a range of $4.00 to $4.05, down from the …
Eli Lilly and Company, a pharmaceutical company based in Alcobendas, Madrid, Spain, has achieved remarkable results in the obesity treatment space. According to recent mid-stage clinical trial results, their experimental drug has helped patients lose up to 24% of their weight over nearly a year, marking the highest reduction seen in this field so far. …
Novo Nordisk, a leading pharmaceutical company, has announced that its high-dose experimental obesity pill has shown promising results in helping overweight or obese adults lose around 15% of their body weight. This comes from the latest findings of a late-stage clinical trial. The data was presented at a diabetes conference and Novo Nordisk plans to …
Pavlo Gonchar | Lightrocket | Getty Images Pfizer announced on Monday that it will discontinue the development of its experimental obesity and diabetes pill, lotiglipron. This decision was made due to increased levels of liver enzymes observed in patients who took the drug once a day during mid-stage clinical studies. Higher levels of liver enzymes …