GSK to buy liver disease drug for $1.2B

GSK to buy liver disease drug for $1.2B

Dive Brief: British drugmaker GSK has agreed to pay privately held Boston Pharmaceuticals $1.2 billion upfront and as much as $800 million more to acquire rights to a liver disease…
CVS strikes Wegovy deal with Novo Nordisk

CVS strikes Wegovy deal with Novo Nordisk

Dive Brief: CVS Health’s pharmacy benefit manager Caremark reached an agreement with Danish drugmaker Novo Nordisk to give its weight loss drug Wegovy preferred access on Caremark’s standard formulary, which…
Merck KGaA to buy biotech SpringWorks for $3.9B

Merck KGaA to buy biotech SpringWorks for $3.9B

Dive Brief: Merck KGaA has agreed to buy biotechnology company SpringWorks Therapeutics, announcing Monday a $3.9 billion deal after months of negotiations over an acquisition. The German pharmaceutical firm will…
Sanofi stays on course amid tariff turmoil

Sanofi stays on course amid tariff turmoil

Dive Brief: Sanofi’s first-quarter sales and profit exceeded analyst expectations, but the company held tight on its full-year guidance amid looming threats of new tariffs from the Trump administration and…
FDA cuts outlined in draft HHS budget

FDA cuts outlined in draft HHS budget

A draft budget document shows the Trump administration’s plan to slash funding to the Department of Health and Human Services includes substantial cuts to the Food and Drug Administration. The…
Oz confirmed by Senate to lead CMS

Oz confirmed by Senate to lead CMS

Mehmet Oz, a physician and TV personality, was confirmed Thursday by the U.S. Senate to lead the Centers for Medicare and Medicaid Services, which provides health insurance to more than…
HHS begins layoffs in chaotic fashion

HHS begins layoffs in chaotic fashion

Employees across the Department of Health and Human Services began receiving layoff notices Tuesday, following days of anxious waiting to learn who would be included in the Trump administration’s drastic…
Mallinckrodt, Endo to combine in $7B deal

Mallinckrodt, Endo to combine in $7B deal

Dive Brief: Mallinckrodt and Endo Pharmaceuticals, which have struggled through bankruptcies related to opioid litigation, said Thursday that they will merge in a cash and stock transaction that will leave…