House members question 7 pharma firms about soaring MS drug prices

Top Stories in Business & Health for August 24, 2017  House members question 7 pharma firms about soaring MS drug prices Reps. Elijah Cummings, D-Md., and Peter Welch, D-Vt., sent letters to seven leading drug companies requesting more information about their pricing strategies for the multiple sclerosis (MS) drugs they...

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Gilead Sciences agrees to buy Kite Pharma for $11.9 billion

Top Stories in Business & Health for September 3, 2017  Gilead Sciences agrees to buy Kite Pharma for $11.9 billion Gilead Sciences announced last Monday that it had signed a definitive agreement to acquire Santa Monica, Calif.-based biopharmaceutical firm Kite Pharma for $180 per share in cash. The estimated value...

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Northwell Health to close its CareConnect insurance business

Top Stories in Business & Health for August 28, 2017  Northwell Health to close its CareConnect insurance business New York’s largest health care system, Northwell Health, announced Thursday that it would shut down CareConnect, the insurance company it started in 2013, citing financial losses as the reason. “It has become...

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Walgreens calls it quits on attempted Rite Aid merger but will buy $5.18 billion in assets

Top Stories in Business & Health for July 10, 2017  Walgreens calls it quits on attempted Rite Aid merger but will buy $5.18 billion in assets With federal regulators indicating that they would be unlikely to approve the merger between Walgreens Boots Alliance and Rite Aid, the companies decided they...

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FTC asks court to enforce subpoena in investigation of Walgreens-Rite Aid merger

Top Stories in Business & Health for June 26, 2017  FTC asks court to enforce subpoena in investigation of Walgreens-Rite Aid merger In an “emergency petition” filed last Monday, the Federal Trade Commission (FTC) sought assistance from a federal court in getting Humana to turn over documents the agency wants...

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