NEW YORK-- Shares of Ambit Biosciences tumbled Wednesday after the company said it won't file for accelerated approval of its leukemia drug quizartinib, and will run a late-stage clinical trial instead. The company has been meeting with the Food and Drug Administration to discuss quizartinib, a potential treatment for acute myeloid leukemia.» Read More
CNBC's Seema Mody reports the biotech index has hit an all-time high in the Nasdaq.
Nov 21- Activist investor Carl Icahn disclosed a 12.63 percent stake in medical device maker Hologic Inc, prompting the company to adopt a shareholder rights plan to protect itself from hostile takeovers. Shares of Hologic, which makes screening tests for cancer and other diseases, rose 3 percent in late morning trading.
*Genome doubling process occurs naturally in plants. *Company has recently raised $65 million investment. MOSHAV SARONA, Israel, Nov 15- An Israeli enterprise which aims to boost global crop yields without the aid of genetic modification will sow its first commercial seeds within three years, the company pioneering the technique has told Reuters.
Johnson & Johnson and its subsidiaries were accused of promoting powerful psychiatric drugs for unapproved uses in children, seniors and disabled patients.
CNBC's Seema Mody reports on the biggest movers in the Nasdaq including social media stocks like Facebook up 5 percent.
Francois Nader, NPS Pharmaceuticals president & CEO, discusses its lead product Gattex for "short bowel syndrome," the potential for Netpara and the solid performance of its stock.
Biotech stocks are some of Nasdaq's best performing this year. Joel Sendek, Stifel Nicolaus, looks at names leading the biotech boom.
How are biotech companies and the FDA impacted by the government shutdown? Yaron Werber of Citi Investment Research, offers insight.
Mad Money host Jim Cramer calls Array BioPharma a spec play. The company has 6 trials in phase 3 in progress. Its CEO Ron Squarer discusses its partnerships with big players including Novartis and Celgene.
Zac Vawter has been fitted with the first thought-controlled bionic leg, scientists at the Rehabilitation Institute of Chicago reported.
Want to avoid taking a hit on your portfolio because of troubles in Washington? Cramer found one sector that will be a shelter from the storm.
**APPLE INC, $469.22, down 5 pct. The higher-than-expected price of Apple's new iPhone eased worries about gross margins, while arousing concerns the company was not being aggressive enough in its fight against Google Inc's market-dominating Android operating system.
Amgen has struck a $10 billion-plus deal to buy Onyx Pharmaceuticals, ending a two-month-long auction for the cancer drugmaker.
Amgen is close to buying Onyx for $125 per share, or more than $10 billion, in a deal that is expected to be announced as soon as Monday, two people familiar with the matter said on Saturday.
CNBC's Seema Mody reports the biggest movers in the Nasdaq including Apple, and biotech stocks.
A judge ordered the American Quarter Horse Association to allow cloned horses to be entered into the breed's official registry, which could clear the way for the clones to race.
In an effort to clean up the image of genetically modified crops, major seed and crop science companies launched GMOAnswers.com to answer questions about so-called GMOs.
Biotech stocks are some of the best-performing S&P stocks this month. Chris Raymond, senior biotech analyst at Robert W. Baird, shares his top picks.
Health care stocks have been up almost across the board since 2010. Biotech and insurance names have been up triple digits. But political developments have put health care on a rockier path. CNBC's Kate Kelly breaks down the sector.
Genetically modified seeds are used in corn and soybeans grown in the US, but the debate over the effects of tinkering with Mother Nature hasn't gone away.