It was an interesting day for medical device makers Stryker and Boston Scientific Corp. While one saw its shares explode on the news that Stryker approached Boston Scientific with a takeover offer, the other saw its shares decline. Boston Scientific was the one to see gains after news reports, including one from the Wall Street … Continue reading “Stryker Makes Takeover Offer for Rival Boston Scientific Corp.”
Biotech & Pharma
Sanofi Responds to Roseanne’s Ambien Tweet with Epic Response
Sanofi, the maker of Ambien, wasn't taking things sitting down when Roseanne Barr blamed her…
FDA Says Teething Medicines Aren’t Safe for Children
This may not be the best news for parents to read who have teething children,…
Amgen Migraine Preventive Drug gets FDA Approval
The Food and Drug Administration has approved Amgen's drug Aimovig for the prevention of migraines.…
Elliott Management Makes Unsolicited Bid to Take Athenahealth Private
Athenahealth shares saw big gains on Monday after it was revealed that hedge fund Elliott…
Acadia Shares Fall After FDA Launches Safety Review on its Parkinson’s Disease Medication
Shares of biotech giant Acadia Pharmaceuticals were deep in the red in Wednesday trading after…
Merck Just Received an Upgrade from Goldman Sachs for This Reason
Shares of Merck were on the rise in Monday trading after the pharmaceutical giant received…
Novartis Just Made an $8.7 Billion Dollar Bet on this Gene Therapy Company
Novartis and AveXis shares saw big gains in Monday trading after it was announced that…
Incyte Shares Fall after Combo Drug with Merck Failed in Study
Shares of Incyte fell 20% on Friday after a combo therapy with drug giant Merck…
Celgene Loses its President and COO
This week biotech giant Celgene Corporation announced that it's president and chief operating officer, Scott…
Alkermes Shares Collapse as FDA Refuses to Review its MLajor Depressive Disorder Drug
Shares of biotech stock Alkermes were falling into the red on Monday after the Food…
GlaxoSmithKline to Buy Novartis AG’s Stake in Consumer-Health Joint Venture for $13B
One of the biggest headlines in the healthcare arena on Tuesday was that GlaxoSmithKline Plc,…
Japan Just Approved a Drug That Promises to Kill Flu in Only 24 Hours
It has been a very scary flu season this year as some people, young and…
Allergan Smashes in its Earnings Report
Biopharma company Allergan has reported stellar fourth-quarter adjusted earnings. The company also revealed that the…