
UK must reform drug pricing to become life sciences superpower, says GSK boss
Shares jump on higher profits as Emma Walmsley is ‘hopeful’ standoff with NHS can be resolved

Shares jump on higher profits as Emma Walmsley is ‘hopeful’ standoff with NHS can be resolved

Pharmaceuticals company’s higher dividend, upgrade to revenues and share buyback suggest its drugs pipeline is flowing nicely

Victoria's Secret found retail success before the brand began to fail, from the new book Selling Sexy.
The agreement, announced on Wednesday, was far lower than some analyst estimates, including JP Morgan's projection of $3.5 billion. Analysts at Jefferies said the settlement of the cases should remove "the majority of Zantac overhang on the stock".

GSK has agreed to pay up to $2.2 billion to settle most lawsuits in US state courts claiming that a discontinued version of the heartburn drug Zantac caused cancer, the company announced on Wednesday.

British drugmaker agrees payment to resolve 80,000 cases alleging cancers were linked to drug known generically as ranitidine

Emma Walmsley’s overhaul seems to be delivering the goods even if US worries have left the share price becalmed

The summary highlights recent health news, focusing on the rising concern among scientists regarding a potential bird flu pandemic and various updates in the pharmaceutical industry. Notable points include Blackstone's sale of Alinamin, a Chinese robot 'guide dog' innovation for the visually impaired, and new regulations in Australia regarding vape sales.

In recent health news, Moderna and Merck reported a significant survival benefit for melanoma patients using their combined cancer vaccine and Keytruda. Meanwhile, Anthony Fauci refutes COVID-19 lab leak suppression allegations, and there are updates on Bayer, GSK, J&J, and other health-related legal and pharmaceutical developments.

This summary of recent health news highlights significant developments, from Moderna and Merck's promising skin cancer vaccine to legal challenges faced by GSK and Johnson & Johnson. Additional topics include Dr. Fauci addressing COVID-19 origins, Finland's reduction in teenage abortions, and advances in neurological and avian disease research.

Current health news includes a $637 million IPO for Rapport Therapeutics, promising survival data for a Moderna-Merck skin cancer vaccine, and successful trials for Agios Pharmaceuticals' blood disorder drug. Additionally, significant legal and business developments impact firms like J&J, GSK, and Edwards Lifesciences.

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Following is a summary of current health news briefs. Exclusive-Musk's Neuralink has faced issues with its tiny wires for years, sources say Neuralink's disclosure last week that tiny wires inside the brain of its first patient had pulled out of position is an issue the Elon Musk company has known about for years, according to five people familiar with the matter.
The drugmaker was set to pay between $200 million and $250 million in the settlement, the newspaper reported, citing two people briefed on the deal. The settlement was disclosed in a court filing in Delaware last week, and is aimed at reducing Pfizer's potential liability, the report added. Pfizer did not immediately reply to Reuters' request for comment.

Sanofi (SNY) has reportedly agreed to pay over $100M to settle around 4,000 cases filed over the safety of its heartburn drug Zantac. Read more here.
Sanofi has reached an agreement in principle to settle 4,000 US lawsuits linking the discontinued heartburn drug Zantac to cancer, the company said on Wednesday.

In today's podcast, we talk about India’s Services PMI and KEC International witnessing a spike of 15% among other news. Also, know how the market closed today.

Sanofi (SNY) on Wednesday said it had agreed to settle about 4K Zantac cancer lawsuits in all U.S. states outside of Del. Read more here.

GSK settles another Zantac lawsuit in California

Ranitidine still sold as popular heartburn medicine in India despite being banned or suspended in US, Europe & Australia. It was dropped from essential medicines list last year.
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