CVS gave its 2019 earnings forecast, which fell well short of expectations, disappointing investors and stoking fears about CVS' core business. » Read More
By: Lauren Hirsch
Bristol-Myers Squibb confirms Starboard's stake in the company and says the $74 billion deal to acquire cancer drugmaker Celgene is "on track" to close during the third quarter. » Read More |
U.S. healthcare plan and pharmacy benefits manager Magellan Health will explore selling itself after coming under pressure to do so from activist hedge fund Starboard Value LP, people familiar with the matter said on Wednesday. » Read More |
By: Shamard Charles, M.D.
A company that charged patients thousands of dollars for infusions of blood plasma from younger donors said Tuesday that it had stopped treating patients after the Food and Drug Administration warned consumers against such treatments, purported to prevent aging and memory loss, NBC News reports. » Read More |
CVS Health shares crater after the company disappointed investors with a lower-than-expected earnings forecast for the year as it integrates Aetna.
The FDA is advising against "young blood" infusions, in which people are infused with plasma from young donors. It warns consumers that clinics are making unproven claims that the treatment can reverse aging.
Medical device maker Medtronic on Tuesday beat Wall Street estimates for quarterly profit, driven by higher sales in its surgical products unit and restorative therapies group.
As people shop online more, CVS and Walgreens are trying to give people reasons to keep coming into their stores.
A foldable drone has been developed by researchers at the University of Zurich to assist with search and rescue missions.
Techies are finding new uses for consumer devices to help monitor their aging parents, who are increasingly opting to live independently.
Apple just brought on a new leader for its home unit.
The New York City Health Department plans to step up its campaign — with violations and fines — against restaurants offering CBD.
Judy Faulkner is not going to sell her company Epic Systems to Apple anytime soon. "We're not going to do that," she said at a conference this week.
Cannabis producer Canopy Growth was set to rally Friday after it reported third-quarter revenue rose 282 percent over the last year.
"I've never seen a sector have the political tailwinds, the economic tailwinds, and the wellness tailwinds that this sector potentially has," said legendary investor Danny Moses.
Google's booth at the HIMSS medical conference featured a demo for a potential service for faxing medical information to Google Drive.
While this year's flu season so far isn't quite as bad as last year's, activity is increasing and flu is now widespread, CDC officials said.
Despite competition from other drugmakers, Pfizer has been able to maintain a significant share in the erectile dysfunction market thanks in part to launching its own generic version of the blue, diamond-shaped pill.
The purchase gives J&J, one of the world's largest maker of health products, an entry into robotics and builds on the company's partnership with Alphabet's Verily.
CVS Health is unveiling its new health-focused concept store that's designed to help the drugstore become more like a health-care provider than a place to pick up prescriptions and greeting cards.
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