Valeant Plummets on Criminal Probe of Philidor Unit

Valeant Pharmaceuticals International Inc. (Laval Quebec) did an about-face and fell 11% on Thursday as new details about a criminal investigation into the drugmaker reignited investor concerns about the company’s… Read more »

How is the Affordable Care Act Doing, as UnitedHealth Heads for the Exits: Editorial

The Affordable Care Act’s detractors seemed to get a comforting piece of new evidence last April when UnitedHealth Group Inc. (Minnetonka MN), the country’s largest health insurer, announced it would pull… Read more »

Bristol-Myers’ Opdivo Fails in Key Lung-Cancer Study; Shares Plunge, as Do Patients’ Hopes

A cancer drug’s surprise failure in a clinical trial erased $20 billion from Bristol-Myers Squibb Co.’s (New York City) market value Friday, and raised serious questions about one of the industry’s… Read more »

UnitedHealth 2Q Profit Falls 51%, But Don’t be Misled by the Merger Mania and What UNH Stands to Gain

UnitedHealth Group Inc. (Minnetonka MN) posted strong earnings for its latest quarter as revenue continued to surge in its pharmacy-services business. The company, which is the biggest U.S. health insurer, also gave… Read more »

Obama Administration Seeks Overhaul to Medicare Reimbursement for Heart-Attack Treatments

The Obama administration is seeking to restructure how the government pays for heart attack-related medical care in a bid to reduce health spending, officials announced last Monday. Medicare has long… Read more »

Biogen’s 2Q Profit Crushes Views; CEO to Depart

Biogen Inc. (Cambridge MA) stock jumped Thursday after the drugmaker reported strong sales of some of its newest treatments for multiple sclerosis and hemophilia. The company’s net income and sales… Read more »

$1 Billion Medicare Fraud Case Reveals Profitable Black Market

In the largest healthcare fraud case the U.S. Justice Department has ever brought, prosecutors charged that the owner of a network of Florida nursing facilities orchestrated an elaborate scheme to… Read more »

Four Florida Zika Cases Likely Spread by Local Mosquitoes, CDC Says

U.S. health officials said Friday that four cases of Zika virus were transmitted locally by mosquitoes in Miami, the first evidence of the virus spreading that way in the continental… Read more »

Department of Justice Sues Anthem, Aetna to Block Insurer Mergers

Anthem Inc. (Indianapolis IN) said its proposed $48 billion merger with rival health insurer Cigna Corp. (Bloomfield CT) will lower consumer costs and extend coverage to more people, in response… Read more »

GlaxoSmithKline Taps Apple’s ResearchKit for Arthritis Study

GlaxoSmithKline PLC (London) has started a rheumatoid arthritis study using Apple Inc.’s (Cupertino CA) ResearchKit, marking the first time a drugmaker has used the health system for the iPhone to… Read more »