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December 22, 2016 / Healthcare
Senate Report on Sudden Price Hikes in Off-Patent Prescription Drugs
On the heels of headline-grabbing price spikes on prescription drugs, a bipartisan Senate report on Wednesday will call on Congress to take action to prevent huge, unjustified cost increases on decades-old prescription medicines that have no competition.
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December 20, 2016 / Finance
This Is Going to Be Worst Year for IPOs Since the Credit Crisis
Despite the S&P’s 11 percent gain, despite the average 18 percent return for successful IPOs, despite volatility that eased from 2015, the last 12 months have seemed as silent as a graveyard for deals.
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December 20, 2016 / Healthcare
GSK launches big study to test new injection for HIV prevention
GlaxoSmithKline said on Tuesday its HIV unit ViiV Healthcare had started a large study to test an experimental long-acting injection for preventing the virus that causes AIDS.
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December 19, 2016 / Finance
Young Americans Piled Into Some Horrendous ETF Trades Right After the Election
Mimicking President-elect Donald Trump — who has called himself "the king of debt" — risk-loving millennials used exchange-traded funds that...
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December 19, 2016 / Healthcare
Celgene, Versant back a biotech merger, building an antibody pipeline and lining up for the clinic
Versant Ventures and Celgene have extended their deal to foster a Toronto-based biotech called Northern Biologics, bringing in a Phase I-ready cancer drug through a merger with a small biotech in Barcelona and pumping in fresh funds to drive its pivot into the clinic.
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December 15, 2016 / Healthcare
Obama Signs Bill to Speed Medical Breakthroughs, Boost NIH Funding
President Barack Obama signed into law the 21st Century Cures Act, a sweeping health package to spur new medical treatments, reform mental health care and provide state grants to curb opioid abuse.
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December 15, 2016 / Healthcare
Lonza to buy U.S. drug capsules maker Capsugel from KKR for $5.5 billion
Lonza Group AG announced its biggest ever acquisition on Thursday with a deal to buy Capsugel, a U.S. maker of capsule products and other drug delivery systems, for $5.5 billion in cash to broaden its product range as a pharmaceuticals industry supplier.
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December 15, 2016 / Finance
Biggest Banks $70 Billion Short in Fed Push to Prevent Bailouts
Wall Street banks are about $70 billion short in building up funds the Federal Reserve says they’ll need to tap following a collapse, down by almost half from the central bank’s earlier estimates.
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December 13, 2016 / Healthcare
Big Pharma’s woeful numbers on drug R&D just got even worse
The analysts at Deloitte continue to calculate a dwindling return for Big Pharma’s R&D dollars.
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December 13, 2016 / Finance
New bank capital rules softened to ease European fears: sources
Global banking regulators have softened proposed new capital rules in a bid to ease European concerns that extra demands would cause banks to crimp their lending, three sources said.
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