Pharma stocks crater as investors brace for litigation charges

Shares of GlaxoSmithKline, Sanofi and Haleon all sold off sharply this week, shedding tens of billions in market value, amid investor fear over potential US litigation charges focused on popular heartburn drug Zantac. This has been a known issue bumbling in the background for years but investor concern exploded this week in the lead-up to … Read more

CDC eases guidance as U.S. has more tools to fight the virus

The Centers for Disease Control and Prevention eased its Covid-19 guidance on Thursday, saying the virus now poses a much lower risk of severe illness, hospitalization and death compared to earlier in the pandemic. The CDC no longer recommends testing people in schools who don’t have Covid symptoms, their previous strategy to catch possible infections … Read more

Novavax cuts 2022 revenue guidance in half, stock tanks in after-hours trading

In this photo illustration a silhouette of a man holding a medical syringe and a vial displayed in front of the Novavax logo on a screen. Cezary Kowalski | Lightrocket | Getty Images Novavax deeply cut its full year revenue guidance Monday, with no new Covid vaccine sales expected for 2022 in the US or … Read more

STD clinics struggle with surge in patients amid outbreak

Dr. Emily Drwiega from the University of Illinois Health and Maggie Butler, a registered nurse, prepare monkeypox vaccines at the Test Positive Aware Network nonprofit clinic in Chicago, Illinois, July 25, 2022. Eric Cox | Reuters Dr. Ward Carpenter, co-director of health services at the Los Angeles LGBT Center, said the monkeypox outbreak across the … Read more

New York polio case is ‘tip of iceberg,’ hundreds could be infected

Digitally generated image of 3D molecular model of polio virus Calysta Images | Tetra Images | Getty Images Hundreds could have polio after an adult in the New York City metro area caught the virus and suffered paralysis last month, the state’s top health official said this week. New York state Health Commissioner Mary Bassett … Read more

Biden administration will declare monkeypox a public health emergency

The Biden administration is declaring monkeypox a public health emergency as the US outbreak has grown into the largest in the world, the nation’s top health official said Thursday. Health and Human Services Secretary Xavier Becerra’s emergency declaration will help mobilize more resources to fight the outbreak, which has spread swiftly since health authorities in … Read more

California, New York, Illinois declare outbreak an emergency

California Gov. Gavin Newsom (D) talks with reporters after a meeting with Speaker of the House Nancy Pelosi, D-Calif., in the US Capitol, on Friday, July 15, 2022. Tom Williams | CQ-Roll Call, Inc via Getty Images California Gov. Gavin Newsom declared a state of emergency over the rapidly spreading monkeypox outbreak on Monday, the … Read more

Biden tests positive for Covid again, will restart isolation despite no new symptoms

US President Joe Biden speaks to the media as he arrives at Joint Base Andrews, Maryland, US July 20, 2022. Jonathan Ernst | Reuters President Joe Biden on Saturday tested positive for Covid-19 once again after consecutive days of testing negative for the virus, his physician said. Biden, 79, is experiencing no new symptoms and … Read more

U.S. to release 786,000 additional monkeypox vaccine doses

A person holds doses of Imvanex vaccine used to protect against Monkeypox virus at the Edison municipal vaccination center in Paris, France July 27, 2022. Alain Jocard | Pool | Reuters The US will make 786,000 additional monkeypox vaccine doses available to local health departments “as soon as possible” after the Food and Drug Administration … Read more

WHO recommends gay, bisexual men limit sexual partners to reduce spread

People line up outside the Test Positive Aware Network nonprofit clinic to receive the monkeypox vaccine in Chicago, Illinois, July 25, 2022 Eric Cox | Reuters The World Health Organization on Wednesday recommended that gay and bisexual men limit their number of sexual partners to protect themselves from monkeypox and help slow transmission of the … Read more