Pfizer announced in January it planned to shut down early- and mid-stage neuroscience drug development. But now Pfizer and investment firm Bain Capital are creating a new company. Its name: Cerevel Therapeutics. » Read More
By: Angelica LaVito
Philip Morris will soon launch two new iQOS products. iQOS, a device that heats tobacco instead of burning it, is a key part of what the tobacco giant bills as its future beyond cigarettes. » Read More
U.S. health-care conglomerate Johnson & Johnson said on Tuesday it will buy all outstanding shares of Japanese skincare firm Ci:z Holdings that it does not already own for $2.05 billion in cash. » Read More
AstraZeneca is plowing deeper into cancer immunotherapy through a wide-ranging deal with Innate Pharma. » Read More
Teen cigarette smoking rates are on the rise. Critics have warned a surge in vaping may cause nicotine-addicted kids to migrate to conventional cigarettes.
Regulators are considering prohibiting some e-cigarette sales in convenience stores and confining them to vape shops, Food and Drug Administration Commissioner Scott Gottlieb tells CNBC.
Philip Morris International reported quarterly earnings and revenue that surpassed analysts' expectations. The company has been focusing most of its attention on iQOS, a device that heats tobacco instead of burning it.
Pain management is a potential gold mine for drug companies—and unscrupulous doctors. For patients, it can be a deadly trap of opioid painkiller addiction.
Acadia, which operates a network of nearly 600 behavioral health-care facilities with approximately 17,800 beds in 40 states, has been approached by private equity firms KKR and TPG Global, among others, according to Reuters.
Weight Watchers had weathered threats over the decades from the likes of Jenny Craig, Nutrisystem and fad diets like Atkins. But its biggest competition in recent years hasn't been from any of its rivals. Consumers don't want to diet any more.
Devoted Health has nabbed a $1.8 billion valuation from investors, who are pouring money into start-ups focused on Medicare Advantage plans. The space is heating up as the population ages.
Pfizer's offering early retirement ahead of layoffs early next year, it announced internally to employees Tuesday. The company, which currently employs more than 90,000 workers, didn't say how many people it plans to cut.
Apple, Alphabet, and Amazon have all hired well-known cardiologists. Here's why.
It's not that being a retailer is a bad thing. But investors want drugstores to reinvent their businesses as Amazon's threat looms.
Amazon is hiring a data scientist for its benefits team, according to a new job post. The person will work closely with the joint venture between Amazon, Berkshire Hathaway and JP Morgan, led by Atul Gawande.
UnitedHealth, the largest U.S. health insurer, reported better-than-expected third-quarter earnings and revenue on Tuesday.
Pharmaceuticals have been fueling J&J's growth while its consumer and medical device businesses have lagged.
Twitter's Jack Dorsey has an idea about how to fix the filter bubble problem.
Parker, who founded Napster as well, said "it feels somewhat unsatisfying to constantly make products for teenage girls" and was especially worried about the impact of his consumer internet products on society.
At the Wired 25th anniversary summit, a panel of health-care experts shared some advice for Atul Gawande, CEO of the Amazon, Berkshire Hathaway and J.P. Morgan health venture.