20 January 2018

Healthcare & Biotech

  • CVS expects Aetna acquisition to yield cost synergies of US$750 million in the second year after the transaction closes. Photo: Reuters

    CVS Health to buy Aetna for US$69 bln in year’s biggest deal

    Dec 4, 2017 8:25am
    US drugstore chain operator CVS Health Corp has agreed to buy health insurer Aetna for US$69 billion in cash and stock, marking the year’s largest corporate acquisition deal. According to an announcement Sunday, Aetna shareholders will...
  • The deal will help Shanghai Pharmaceuticals Holding, China’s third-largest drug distributor, become a leading importer of foreign medicine into the world’s second-largest drug market. Photo: Reuters

    Shanghai Pharma buys Cardinal’s China business for US$557 mln

    Nov 16, 2017 7:34am
    Shanghai Pharmaceuticals Holding Co. Ltd. (02607.HK, 601607.CN) has agreed to buy Cardinal Health Inc.’s China drug distribution business for US$557 million, winning a highly competitive auction in a move that will greatly expand its presence nationwide,...
  • Novo Nordisk has a number of promising new drugs that have either recently been released or are in the latter stages of development, including a weight loss drug. Photo: Reuters

    Looking beyond Europe’s golden year

    - Nov 9, 2017 3:42pm
    European equities have enjoyed a perfect storm of positivity this year. Reduced political uncertainty, improving economic data and steady company results have all driven investors back to this often-overlooked region. However, these benign conditions cannot last...
  • Base editing does not cause a break in the DNA, and so it might produce more predictable results. Photo: Doudna Research Graphic

    US scientists unveil powerful new tools to fix genetic faults

    Oct 26, 2017 8:31am
    US scientists unveiled two new molecular editing tools designed to fix mutations that cause the majority of human genetic diseases, some of which have no known treatment, Reuters reports. One technique, by David Liu of Harvard...
  • Almost one in three Americans aged 65 to 69 is still working, along with almost one in five in their early 70s. Photo: Bloomberg

    Americans retiring later, dying sooner, statistics show

    Oct 24, 2017 10:06am
    Americans are retiring later but dying sooner, Bloomberg reports, citing the latest statistics from the US Society of Actuaries. The US age-adjusted mortality rate rose 1.2 percent from 2014 to 2015, according to the data released...
  • Johnson & Johnson is accused of not adequately warning consumers about the cancer risks of its talc-based products. Photo: AFP

    California judge junks US$417 mln verdict vs Johnson & Johnson

    Oct 23, 2017 8:27am
    A California judge threw out a US$417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson’s Baby Powder for feminine...
  • The research and development lifecycle for advancing new drugs takes 10-15 years at an average cost of US$2.5 billion, and only 5 percent of compounds make it through to the market. Photo: LinkedIn

    M&A is the new R&D in healthcare sector

    - Oct 4, 2017 9:43am
    One of the sectors most affected by technological disruption and disintermediation is healthcare. Advances in technology and big data are expected to help accelerate the process of discovering the next blockbuster cure, even as the industry...
  • Bill Gates hopes proposed cuts in US government funding for global health and development will not be approved. Photo: Bloomberg

    Bill Gates: Progress in fighting global poverty, disease at risk

    Sep 14, 2017 9:03am
    Proposed US budget cuts could put in jeopardy great progress in reducing global poverty and disease and lead to 5 million more deaths from AIDS alone, the philanthropist Bill Gates warned. Gates, whose Bill and Melinda...
  • Drinks industry groups often present the relationship between alcohol and cancer as highly complex, implying there is no clear evidence of a consistent link, according to the study. Photo: Bloomberg

    Drinks industry distorting alcohol cancer risk, study says

    Sep 11, 2017 8:35am
    The alcohol industry uses denial, distortion and distraction to mislead people about the risks of developing cancer from drinking, often employing similar tactics to those of the tobacco industry, according to a study. Drinks industry organizations...
  • McDonald's is requiring suppliers of chicken meat to begin phasing out the use of antibiotics defined as "highest priority critically important antimicrobials" to human medicine. Photo: Reuters

    McDonald’s to cut global antibiotic use in chickens

    Aug 25, 2017 8:34am
    McDonald’s Corp. said it will begin curbing the use of the high value human antibiotics in its global chicken supply in 2018, as the fast-food giant joins a broad effort to battle dangerous superbugs. McDonald’s, in...
  • PepsiCo has set a target that by 2025 at least two-thirds of its drinks will have 100 calories or fewer from added sugar per 12 oz serving, up from about 40 percent. Photo: Bloomberg

    In health push, Singapore gets soda makers to cut sugar content

    Aug 22, 2017 8:51am
    Singapore’s prime minister has urged people to drink water, eat wholemeal bread and choose brown rice over white in a health push that began with an agreement from soda makers to reduce the sugar content in...
  • WebMD ran a five-month auction and solicited bids from more than 100 companies and private equity firms. Photo: Bloomberg

    KKR nears deal to acquire WebMD

    Jul 24, 2017 8:14am
    Private equity firm KKR & Co LLP  is nearing an all-cash deal to acquire WebMD Health Corp, a U.S. online health publisher with a market capitalization of US$2.1 billion, Reuters reports, citing people familiar with the...
  • Dow Chemical is selling the assets to meet conditions set by US regulators for its US$130 billion merger with DuPont. Photo: Bloomberg

    CITIC fund buys Dow corn seed assets for US$1.1 billion

    Jul 12, 2017 4:09pm
    A Chinese fund part-owned by congolomerate CITIC Ltd. has paid US$1.1 billion for some of Dow Chemical Co.’s corn seed business in Brazil, in a further sign of China’s fast-expanding role in the global seed sector....
  • Xiaomi founder Lei Jun is known for his warm personality and willingness to listen to others. Photo:

    Character lessons from Xiaomi’s Lei Jun

    - Jul 10, 2017 10:21am
    Unlike many founders of internet companies who have strong personalities, Xiaomi’s Lei Jun has been known for his mellow character. It is said that Lei has never yelled at his staff. When he encounters a problem,...
  • Henry Cai's AGIC Capital will acquire The Ritedose Corporation from US private equity firm Olympus Partners in a deal worth between US$600 million and US$800 million, including debt. Photo: HKEJ

    AGIC Capital to buy pharmaceutical firm Ritedose in US push

    Jun 26, 2017 4:02pm
    A Hong Kong-based private equity fund is making its first acquisition in the United States. AGIC Capital, a US$1 billion fund co-founded in 2015 by veteran China banker Henry Cai, said it will acquire The Ritedose...
  • Opioid drugs, including prescription painkillers and heroin, killed more than 33,000 people in the United States in 2015. Photo: Internet

    Ohio sues five drug companies over opioid addiction

    Jun 1, 2017 8:31am
    The US state of Ohio sued five major drug manufacturers, accusing them of misrepresenting the risks of prescription opioid painkillers that have fueled a sky-rocketing drug addiction epidemic. The suit, filed by Attorney General Mike DeWine,...
  • The WHO recommends that antiretroviral therapy be given as soon as possible after diagnosis to everyone with HIV. Photo: Internet

    New AIDS drugs add 10 years to patients’ life expectancy

    May 11, 2017 8:46am
    Life expectancy for young HIV-positive adults has risen by 10 years in the United States and Europe thanks to improvements in AIDS drugs known as antiretroviral therapy, Reuters reports, citing a study published in The Lancet medical...
  • Rising use of long-lasting insecticide-treated nets (LLINs) has helped reduce malaria cases in Senegal. Nearly 86 percent of the population now use LLINs. Photo: Reuters.

    Finishing off malaria

    - Apr 10, 2017 11:15am
    Malaria has long been one of the major killer diseases of our age. World Health Organization data show that as much as half of the world’s population is at risk. But roughly 90 percent of malaria...
  • The key question now is whether Donald Trump will be able to move forward on other items on the Republicans’ economic agenda. Photo: Bloomberg

    Lessons from Trump’s healthcare debacle

    - Apr 3, 2017 4:38pm
    US President Donald Trump’s domestic economic agenda suffered a major setback last week, when the House Republican leadership decided to withdraw their hastily drafted bill to repeal and replace the Affordable Care Act (ACA or Obamacare)....
  • A man prepares a cigarette mixed with marijuana at Cannatech 2017, an annual global cannabis industry event, in Tel Aviv, Israel, on Monday. Photo: Reuters

    Israel sees tech edge in US$50 bln medical marijuana market

    Mar 24, 2017 8:34am
    Israel, a leader in marijuana research and health technology, is attracting international investment as it tries to position itself as a cutting-edge exporter in the rapidly-growing market for medical-grade cannabis. With estimates that the global market...

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