Tag: statement
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U.S. Senate panel postpones Mylan hearing
The U.S. Senate Judiciary Committee on Monday postponed a hearing planned for next week to discuss Mylan NV's pending $465 million settlement to resolve charges that it underpaid government healthcare programs by misclassifying its EpiPen emergency allergy treatment. Mylan, the Justice Department and the Centers for Medicare and Medicaid Services had all declined to send…
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Roche confident in Alzheimer’s program, despite Lilly flop
Roche said on Wednesday it still believed drugs targeting a protein called beta amyloid had potential to help fight Alzheimer’s disease, despite the high-profile failure of such a product from Eli Lilly. As the setback sent shares in Lilly skidding, Roche pointed out there were significant differences between two experimental Alzheimer’s drugs it was developing…
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Alzheimer’s setback prompts rethink of Lilly, Biogen stock outlooks
By Lewis Krauskopf NEW YORK (Reuters) – Eli Lilly & Co’s massive setback for its experimental Alzheimer’s disease treatment on Wednesday sent investors scrambling to re-evaluate shares of the U.S. drugmaker and those of companies making competing therapies, including biotech stalwart Biogen Inc. Lilly shares tumbled 10.5 percent, and fell to their lowest point in…
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Grammy-winning singer Chaka Khan enters rehab for drug abuse
Grammy-winning singer and songwriter Chaka Khan has postponed all performances for this month after checking herself into a drug addiction rehabilitation program, her representatives said in a message posted on her website. The treatment was described only as “an addiction rehabilitation and aftercare program” that would require her to “postpone all dates scheduled for the…
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Thumb suckers less prone to allergies: New Zealand study
Infants who suck their thumbs or bite their nails appear less prone to allergies as adults, New Zealand researchers have found. Researchers then followed up by giving them allergy skin prick tests when they were aged 13 and 32. The allergy level fell to 31 percent for children who did both.
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Sanofi and Regeneron report positive skin disease trial
French drugmaker Sanofi SA and U.S. partner Regeneron Pharmaceuticals Inc said a one-year, late-stage study of dupilumab, a monoclonal antibody designed for the treatment of skin diseases, had met its main goals. “These are the first long-term Phase 3 data that demonstrated dupilumab with topical corticosteroids was superior to topical corticosteroids alone, and provided sustained…
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China issues corruption warning after training center visits
China’s top graft buster followed up a series of inspections of elite sports training centers by reiterating its warning against corruption in the run-up to the Rio Olympics on Monday. The Beijing Sport University and the Olympic Training center were among departments visited by inspectors attached to the sports ministry, the ruling Communist Party’s Central…
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World’s second-oldest female Bornean orangutan dies at Illinois zoo
(Reuters) – A 54-year-old orangutan at the Brookfield Zoo outside Chicago has been euthanized due to worsening health problems, after becoming the second oldest female Bornean orangutan known to exist in the world, zoo officials said on Saturday. The zoo said in a statement the animal, called Maggie, died on Friday. Maggie, who had a…
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H&M says working to improve labor conditions in India, Cambodia factories
Swedish fashion retailer Hennes & Mauritz (H&M) said it was collaborating with trade unions, government as well as the U.N. to improve workers' conditions after a study found violations in supplying garment factories in India and Cambodia. The study by the Asia Floor Wage Alliance (AFWA) found workers stitching clothes for H&M in factories in…
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Colombia: 5 cases of Zika-associated microcephaly this year
BOGOTA, Colombia (AP) — Colombian authorities are reporting that five babies have been born in the country this year with microcephaly associated with the rapidly spreading Zika virus.