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Biotech and Pharmaceuticals

Biogen Plans to Reduce Workforce by 1,000 in Anticipation of Leqembi Launch

by Shawn Butlere
Biogen Plans to Reduce Workforce by 1,000 in Anticipation of Leqembi Launch

A Biogen facility in Cambridge, Massachusetts. Brian Snyder | Reuters Biogen on Tuesday said it expects to cut approximately 1,000 jobs, or about 11% of its workforce, to save costs …

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Categories Health

J&J Plans to Decrease Kenvue Stake by 80% via Stock Exchange Offer

by Craig Fedirighi
J&J Plans to Decrease Kenvue Stake by 80% via Stock Exchange Offer

Kenvue, a unit of Johnson & Johnson’s consumer health business. CFOTO | Future Publishing | Getty Images Johnson & Johnson on Monday said it plans to reduce by at least …

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Categories Business

Sanofi anticipates launching infant RSV vaccine ahead of the upcoming fall virus season

by Craig Fedirighi
Sanofi anticipates launching infant RSV vaccine ahead of the upcoming fall virus season

A doctor is injecting a vaccine to a baby boy Karl Tapales | Moment | Getty Images Sanofi expects its infant RSV shot to roll out in the U.S. before …

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Categories Business

Drug Manufacturing Facility in NC Remains Untouched by Major Tornado Damage

by Adrian Jhonsan
Drug Manufacturing Facility in NC Remains Untouched by Major Tornado Damage

In this aerial image, damage is seen to a Pfizer pharmaceutical factory after a tornado hit the facility two days earlier, on July 21, 2023 in Rocky Mount, North Carolina. …

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Categories World

Consumers prioritize health products spending while cutting back elsewhere

by Craig Fedirighi
Consumers prioritize health products spending while cutting back elsewhere

Thibaut Mongon, CEO of Kenvue Inc. a Johnson & Johnson’s consumer-health business, speaks during an interview to celebrate its IPO at the New York Stock Exchange (NYSE), May 4, 2023. …

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Categories Business

Kenvue Stock Available for Swap by J&J Investors in the Near Future

by Craig Fedirighi
Kenvue Stock Available for Swap by J&J Investors in the Near Future

Thibaut Mongon, CEO and Paul Ruh CFO of Kenvue Inc. a Johnson & Johnson’s consumer-health business, pose together during the company’s IPO at the New York Stock Exchange (NYSE) in …

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Categories Business

Q2 2023 Earnings Report of Kenvue (KVUE)

by Craig Fedirighi
Q2 2023 Earnings Report of Kenvue (KVUE)

Kenvue reported second-quarter revenue and adjusted earnings that topped expectations Thursday in the consumer health company‘s first quarterly report since it spun out from Johnson & Johnson two months ago. …

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Categories Business

Q2 2023 Earnings Report for Johnson & Johnson (JNJ)

by Adrian Jhonsan
Q2 2023 Earnings Report for Johnson & Johnson (JNJ)

In this photo illustration the stock trading graph of Johnson and Johnson is seen on a smartphone screen. Rafael Henrique | SOPA Images | LightRocket | Getty Images Johnson & …

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Categories World

Strong trial results obtained for Pfizer’s Group B strep vaccine in infants

by Craig Fedirighi
Strong trial results obtained for Pfizer’s Group B strep vaccine in infants

Streptococcus agalactiae bacteria, responsible for vaginal and urinary tract infections and newborn infections including meningitis and septicemia. Optical microscopy view. Cavallini James | BSIP | Universal Images Group | Getty …

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Categories Business

J&J Takes Legal Action Against Biden Administration for Medicare Drug Negotiations

by Shawn Butlere
J&J Takes Legal Action Against Biden Administration for Medicare Drug Negotiations

Pavlo Gonchar | LightRocket | Getty Images Johnson & Johnson on Tuesday sued the Biden administration over Medicare’s new powers to slash drug prices, making it the third pharmaceutical company …

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Categories Health
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