AbbVie Agrees to Buy Stemcentrx, Reports Jump in Earnings

U.S. biopharmaceutical firm AbbVie Inc. (North Chicago) on Thursday said it will acquire cancer biotech company Stemcentrx Inc. (South San Francisco) in a roughly $5.8 billion cash and stock deal that would expand… Read more »

The Obama Administration Has Set New Standards for Medicaid Private Insurance Plans

The Obama administration has set new standards for Medicaid private insurance plans, which in recent years have become the main source of coverage for low-income people. The rules apply to… Read more »

Brain Damage in Zika Babies Far Worse than Expected

While health officials in Brazil say the epidemic is peaking there, the scale and severity of prenatal damage by the Zika virus are far worse than expected. Experts have begun calling… Read more »

Abbott to Acquire St. Jude Medical for $25 Billion

A rash of deals on Thursday showed that healthcare companies are convinced, regardless of tax benefits, that bigger is not only better, it is essential. The more than $40 billion… Read more »

Suicide in the United States Has Surged to the Highest Levels in Nearly 30 years

Suicide in the United States has surged to the highest levels in nearly 30 years, a federal data analysis has found, with increases in every age group except older adults…. Read more »

Intuitive Surgical Reported Better-than-Expected First-Quarter Profit on Expanded Use of its Da Vinci Robots

INTUITIVE SURGICAL INC. (Sunnyvale CA) reported better-than-expected first-quarter profit on expanded use of its da Vinci robots in U.S. general surgeries such as hernia repair, and it raised its full-year… Read more »

AstraZeneca Joins with Three Partners to Focus on Genomics

AstraZeneca PLC (London), working with genome pioneer J. Craig Venter, PhD, is launching a massive gene hunt in the most comprehensive bet yet by a pharmaceutical firm on the potential… Read more »

New AbbVie Hepatitis C Regimen Shows Strong Cure Rates

Although arriving a little late to the party, AbbVie Inc. (North Chicago) is touting impressive cure rates for its new daily hep C combo as it looks to find a… Read more »

UnitedHealth to Pull Back From Insurance Exchanges, Citing Losses

UnitedHealth Group Inc. (Minnetonka MN), the nation’s largest health insurer, told investors it continued to lose hundreds of millions of dollars selling individual policies under the federal healthcare law. The company… Read more »

13 Fortunate People Survive into Adulthood with Often-Fatal Inherited Mutated Gene

Although they do not know it, 13 incredibly fortunate people each inherited a mutated gene that causes a fatal or extremely debilitating disease in infancy or childhood–but these people are… Read more »