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Aimmune Shares Surge 170% As Nestle Set To Acquire Company At $2.6B Enterprise Value
Monday, August 31, 2020 - 4:40am | 320Nestle S.A. (OTC: NSRGY) subsidiary Nestle Health Sciences (NHSc) is aquiring biopharma company Aimmune Therapeutics, Inc. (Nasdaq: AIMT), under a definitive agreement, the latter announced Monday, sending its stock soaring in the pre-market session. What Happened: NHSc will purchase...
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Abbott Gets FDA Emergency Use Approval For $5 Rapid COVID-19 Test
Wednesday, August 26, 2020 - 9:52pm | 394The United States Food and Drug Administration granted emergency use authorization to a 15-minute COVID-19 test produced by Abbott Laboratories (NYSE: ABT) on Wednesday. What Happened:The BinaxNOW COVID-19 test, priced at $5, is capable of delivering test results without laboratory...
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Government Outlines Plan For Importation Of Cheaper Drugs From Canada
Wednesday, July 31, 2019 - 2:26pm | 528Health and Human Services Secretary Alex Azar and the Food and Drug Administration announced Wednesday that the Trump administration has dropped a long-standing resistance to importing drugs and outlined a plan that could eventually allow the importation of some cheaper prescription drugs from...
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FDA Schedules First Public Hearing On CBD, Sends Warning Letters To 3 Companies
Wednesday, April 3, 2019 - 2:56pm | 746In what could potentially be a breakthrough for the U.S. CBD market, the Food and Drug Administration announced the first public hearing to obtain more data about CBD products. The announcement comes as the FDA and FTC is sending warning letters to three companies that sell CBD products, accusing...
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'An Incredible Signal': 4 Experts Weigh In On Positive FDA Panel Vote For GW Pharma's Epidiolex
Thursday, April 19, 2018 - 4:37pm | 740Shares of GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH) were halted Thursday, ahead of a Food and Drug Administration vote on the company's cannabis-derived drug Epidiolex. Trading resumed after the FDA advisory panel voted unanimously in favor of approving the medicine for the treatment of two...
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The Current State Of The Breast Cancer Treatment Space
Tuesday, May 23, 2017 - 8:59am | 703Puma Biotechnology Inc (NASDAQ: PBYI) popped 88 percent Monday on news that its neratinib candidate, an early-stage breast cancer treatment for human epidermal growth factor receptor-2 (HER2) positive mutations, was advancing in the U.S. Food and Drug Administration investigatory process. For...
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FDA Targets LifeVantage, 13 Other Companies Selling Illegal Cancer Treatments
Friday, April 28, 2017 - 10:51am | 502The U.S. Food and Drug Administration sent warning letters Tuesday to LifeVantage Corp (NASDAQ: LFVN) and 13 other companies engaged in the illegal sale of more than 65 products purported but unproven to prevent, diagnose or treat cancer. The regulatory agency listed LifeVantage’s Protandim...
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Abbott Takes Action On FDA Warning Letter
Thursday, April 13, 2017 - 11:53am | 394In response to a Wednesday letter by the U.S. Food and Drug Administration, which highlighted numerous regulatory violations on the part of Abbott Laboratories (NYSE: ABT), Abbott told Benzinga that “patient safety comes first” and the firm prioritizes compliance with regulatory...
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Exclusive: Progenics CEO Talks Regulatory Climate, Positive Trials For Ultra-Orphan Azedra
Monday, April 3, 2017 - 2:58pm | 625From healthcare to finance to natural resources, everyone is reeling from federal administration shakeups and their various market implications. But Progenics Pharmaceuticals, Inc. (NASDAQ: PGNX) CEO Mark Baker is unconcerned by leadership and regulatory changes at the U.S. Food and Drug...
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Sarepta Therapeutics Surges 20% On No News
Friday, May 20, 2016 - 7:51am | 339Shares of Sarepta Therapeutics Inc (NASDAQ: SRPT) were trading higher by 20 percent at one point early Friday morning on no confirmed news reports. Sarepta's investor relations website showed no new updates. Meanwhile, Twitter users were sharing various theories to explain the unexpected surge in...
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Salesforce Touts Benefits Of New $100 Million Contract From US Government Agency
Wednesday, March 30, 2016 - 1:39pm | 244Salesforce.com, inc. (NYSE: CRM) announced Wednesday it has won a $100 million contract with a U.S. governmental agency, which has subsequently helped boost shares higher. Salesforce said that the U.S. Department of Health & Human Services (HHS) launched an agency-wide $100 million Blanket...
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Here's Why Eagle Pharmaceuticals Fell 7%
Monday, March 28, 2016 - 11:05am | 202Shares of Eagle Pharmaceuticals Inc (NASDAQ: EGRX), a specialty pharmaceutical company that focuses on orphan diseases and oncology areas, fell more than 7 percent on Monday. Eagle Pharmaceuticals announced earlier in the day that the U.S. Food and Drug Administration denied the company's...
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The Generic Drug Battle
Wednesday, February 10, 2016 - 10:13am | 480On Tuesday, a U.S. regulatory panel voted in favor of the Food and Drug Administration approving a knockoff arthritis drug that would rival Johnson & Johnson (NYSE: JNJ)'s Remicade. A blow to Johnson & Johnson, the decision was good news for Pfizer Inc. (NYSE: PFE), which holds the license...
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Here's Why Shares Of Vertex Pharmaceuticals Tumbled
Friday, February 5, 2016 - 3:09pm | 224Shares of Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) tumbled by more than 6 percent on Friday after the company confirmed it has received a letter from the U.S. Food and Drug Administration for use of Kalydeco in people with cystic fibrosis. Vertex Pharmaceuticals said that it received...
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Acadia Pharmaceuticals Are Spiking
Monday, February 1, 2016 - 9:55am | 217Shares of ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) were trading higher by nearly 9 percent early Monday morning. Acadia Pharmaceuticals announced after Friday's market close that the Psychopharmacologic Drugs Advisory Committee of the U.S. Food and Drug Administration will review data...