Healthcare

  • Medical cost inflation hits 8-year high, but why? CNBC - 7 hours ago
    Medical cost inflation hits 8-year high, but why?

    Economists can't figure out what's behind a major spike in medical care prices seen in April, or whether it will last.

  • Data on thousands of patients stolen at New Jersey hospitals Associated Press - 11 hours ago

    Thousands of patients at three northern New Jersey hospitals have been alerted that their personal information was stolen in a data breach. Officials said an employee with Medical Management LLC gave away ...

  • Lumber Liquidators, NetApp are big market movers Associated Press - Fri, May 22, 2015 6:46 AM AEST

    Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Lumber Liquidators Holdings Inc., down $4.17 to $21.10 The flooring retailer's ...

  • CVS paying $10.4B in cash for drug distributor Omnicare Associated Press - Fri, May 22, 2015 5:34 AM AEST
    CVS paying $10.4B in cash for drug distributor Omnicare

    CVS Health will pay more than $10 billion for pharmaceutical distributor Omnicare in a deal primed to feed its fast-growing specialty drug business and tap a lucrative and growing market: care for the ...

  • Abbvie specifies breakdown of $21 billion Pharmacyclics deal Associated Press - Fri, May 22, 2015 2:12 AM AEST

    Abbvie Inc. specified the stock and cash breakdown on Thursday of its previously announced $21 billion buyout of Pharmacyclics Inc. The drugmaker said the mixed consideration will consist of $152.25 in ...

  • CVS to spend $10.4 B in cash on drug distributor Omnicare Associated Press - Thu, May 21, 2015 10:47 PM AEST
    CVS to spend $10.4 B in cash on drug distributor Omnicare

    CVS Health will spend more than $10 billion to buy pharmacy services provider Omnicare and tap a growing target for prescription drug distribution: care for the elderly. The deal announced Thursday will ...

  • Tas hospital funding imminent: Hodgman AAP - Thu, May 21, 2015 3:39 PM AEST

    The federal government is expected to continue a crucial funding arrangement for Tasmania's Mersey Community Hospital. Premier Will Hodgman on Thursday gave the strongest indication to date that he had reached a deal with Canberra, under which the Abbott government would pay for the Mersey hospital in Burnie's northwest. Prime Minister Tony Abbott is expected to visit the region on Friday amid high expectations of an announcement.

  • US drugstore chain CVS to buy Omnicare for $12.7 bn AFP - Thu, May 21, 2015 2:53 PM AEST
    US drugstore chain CVS to buy Omnicare for $12.7 bn

    CVS Health Corp, the US pharmacy benefits giant and drugstore chain, said Thursday it was buying Omnicare for $12.7 billion to expand its services to seniors. "With the acquisition of Omnicare, CVS Health will significantly expand its ability to dispense prescriptions in assisted-living and long-term care facilities, serving the senior patient population," CVS said in a statement. Under the agreement, CVS will pay $98 per share in cash, a 3.5 percent premium to Omnicare's closing price Wednesday, and assume about $2.3 billion in debt.

  • Johnson & Johnson expects lucrative return on drug pipeline Associated Press - Thu, May 21, 2015 5:59 AM AEST
    Johnson & Johnson expects lucrative return on drug pipeline

    Johnson & Johnson is predicting big returns from its prescription drug business, both financially and medically, as it develops treatments and strategies to intervene earlier and prevent or reduce the ...

  • Achillion sinks after partnering with Johnson & Johnson Associated Press - Thu, May 21, 2015 1:38 AM AEST

    Investors started shedding Achillion shares early Wednesday, less than a day after the drugmaker announced a partnership with pharmaceutical giant Johnson & Johnson that snuffed out the prospect of a near-term ...

  • Never Again: Time to Bring Wellness Strategies to Cancer Survivors US News - Wed, May 20, 2015 9:00 PM AEST

    Cancer was the likely cause. After undergoing a biopsy, the pathology supported the initial dread -- she had breast cancer and would face an uphill battle for survival. In fact, when she had surgery to remove the tumor in its entirety, it was found that she had two tumors (one on top of the other) that were classified as different primary cancers -- how incredibly unlucky for her.

  • Circassia £275m fundraising signals revival of UK biotech sector Financial Times - Tue, May 19, 2015 9:56 PM AEST

    When Circassia launched a £275m fundraising last week to finance two acquisitions, the Oxford-based drug developer advanced itself towards the head a queue of British biotech companies vying to be seen ...

  • City allows Auburn medical marijuana facility expansion Associated Press - Tue, May 19, 2015 8:08 PM AEST

    The city of Auburn has given the go-ahead for a major expansion of a medical marijuana growing facility that would increase the size of the building four-fold. The Sun Journal (http://bit.ly/1cMvbcF ) ...

  • Cancer vaccine maker seeks partner AAP - Tue, May 19, 2015 4:20 PM AEST

    The developer of a new ovarian cancer vaccine is seeking a business partner to launch its treatment to patients across the globe following successful clinical trials. Shares in Prima BioMed have shot up after the biotech announced strong results from clinical trials of its ovarian cancer CVac treatment. Prima BioMed's shares finished up by 1.2 cents, or 54.55 per cent, to 3.4 cents.

  • The diagnosis is clear: health insurance premiums set to surge Yahoo7 Moneyhound - Tue, May 19, 2015 2:00 PM AEST
    The diagnosis is clear: health insurance premiums set to surge

    The health insurance industry is tipped to benefit from a predicted mini baby boom and this means higher insurance premiums for consumers.

  • The Triple Tax Benefit of Health Savings Accounts US News - Tue, May 19, 2015 12:11 AM AEST
    The Triple Tax Benefit of Health Savings Accounts

    Americans are generally aware of tax-advantaged investment vehicles such as 401(k) plans, individual retirement accounts and 529 college savings plans. An HSA allows account owners to pay for current health care expenses and save for those in the future. Third, account owners may make tax-free withdrawals for qualified medical expenses. Qualified expenses include most services provided by licensed health providers, as well as diagnostic devices and prescriptions.

  • INSIDE WASHINGTON: Health law tax passed along to states Associated Press - Mon, May 18, 2015 11:59 PM AEST
    INSIDE WASHINGTON: Health law tax passed along to states

    There's more than a touch of absurdity in the way an industry fee in President Barack Obama's health care law is being passed along to state taxpayers. As Alice in Wonderland might say, a curious tax just ...

  • Stem cell 'Wild West' takes root amid lack of US regulation Associated Press - Mon, May 18, 2015 11:17 PM AEST
    Stem cell 'Wild West' takes root amid lack of US regulation

    The liquid is dark red, a mixture of fat and blood, and Dr. Mark Berman pumps it out of the patient's backside. He treats it with a chemical, runs it through a processor — and injects it into the woman's ...

  • Austerity hits healthcare access in Europe: NGO AFP - Mon, May 18, 2015 7:19 PM AEST
    Austerity hits healthcare access in Europe: NGO

    Austerity measures in Europe have hit the poorest hardest by limiting access to healthcare, a medical charity said Monday, as it called for every EU resident to have equal access to public health facilities. In its annual survey of European healthcare access, the Medecins du Monde non-governmental organisation said all pregnant women must have access to termination, plus antenatal and postnatal care. MdM provides healthcare to vulnerable populations and bears witness to obstacles in healthcare access. The report, launched in London, is entitled "Access to healthcare for people facing multiple health vulnerabilities: obstacles in access to care for children and pregnant women in Europe".

  • Prescription drugs could be $1 cheaper AAP - Mon, May 18, 2015 4:22 PM AEST
    Prescription drugs could be $1 cheaper

    Prescription drugs could soon be $1 cheaper as the federal government attempts to increase competition by allowing pharmacists to offer a discount. The optional discount is part of an in-principle agreement the government has reached with pharmacists, worth $18.9 billion over five years, to dispense medicines listed on the pharmaceutical benefits scheme. Pharmacists currently must charge set fees for prescription drugs - $6.10 for concession patients and $37.70 for general patients. The government says the proposed change, which would give pharmacists the option to provide a $1 discount, is aimed at increasing competition.

  • $19 billion for pharmacy medicines AAP - Mon, May 18, 2015 8:05 AM AEST
    $19 billion for pharmacy medicines

    The federal government has pledged $19 billion to pharmacies to dispense taxpayer-subsidised medicines for the next five years. Health Minister Sussan Ley says the in-principle sixth community pharmacy agreement will double investment in new and existing support programs for patients and allow pharmacists to discount the medicine co-payment by $1. The agreement with the Pharmacy Guild of Australia pays almost 5,500 community pharmacies to dispense medicines listed on the Pharmaceutical Benefits Scheme until 2020. Pharmacy Guild president George Tambassis is pleased the government boosted funding in the agreement, which will give community pharmacies certainty to continue investing and employing staff.

  • Circassia lauds life-science investment Financial Times - Mon, May 18, 2015 2:10 AM AEST

    London is opening up to investment in life sciences, according to the chief executive of Circassia, the anti-allergy specialist whose latest fundraising would take its total raised over the past 14 months ...

  • The Botox initiation of Brent Saunders, Actavis chief executive Financial Times - Sun, May 17, 2015 8:47 PM AEST

    "I was a little ambushed," says Brent Saunders, recalling how he ended up having his face injected with Botox and other "facial fillers" in front of hundreds of people five months ago. ...

  • INSIDE WASHINGTON: Insurers pass tax along to the states Associated Press - Sat, May 16, 2015 10:54 PM AEST
    INSIDE WASHINGTON: Insurers pass tax along to the states

    There's more than a touch of absurdity in the way an industry fee in President Barack Obama's health care law is being passed along to state taxpayers. As Alice in Wonderland might say, a curious tax just ...

  • State health officials unveil new marijuana dispensary rules Associated Press - Sat, May 16, 2015 10:47 AM AEST

    The Department of Public Health is unveiling changes to the way it issues licenses under the state's medical marijuana dispensary program. The changes outlined Friday include a revamped application process ...

  • Pernix shares jump on migraine drug approval Associated Press - Sat, May 16, 2015 3:03 AM AEST

    Shares of Pernix Therapeutics Holdings Inc. jumped Friday after the Food and Drug Administration expanded approval of the migraine drug Treximet. The stock gained 45 cents, or 7 percent, to reach $6.91 ...

  • The drugs to watch in fight against cancer Financial Times - Fri, May 15, 2015 1:50 PM AEST

    About 30,000 doctors and scientists will arrive in Chicago in two weeks for the annual meeting of the American Society of Clinical Oncology (Asco), where they will pore over data from thousands of clinical ...

  • High hopes for 'first cannabis pharmacy' Financial Times - Fri, May 15, 2015 9:09 AM AEST

    Londoners looking for a solution to ageing skin, body aches and other ailments can add hemp to their bathroom cabinet after the opening of the UK's "first cannabis pharmacy". The store, which ...

  • In rural Colombia, ban on anti-coca herbicide is bittersweet Associated Press - Thu, May 14, 2015 10:35 PM AEST
    In rural Colombia, ban on anti-coca herbicide is bittersweet

    Manuel de Jesus Sanchez holds up a green poncho to protect his skin from the midday sun. The farmer says he was working in a rice paddy four years ago when a crop duster buzzed by, dumping large quantities ...

  • Sirtex shares jump on cancer trial news AAP - Thu, May 14, 2015 5:00 PM AEST

    Shares in biomedical group Sirtex Medical have soared more than 35 per cent after a clinical trial showed a greater survival rate for patients using its liver cancer drug. Sirtex on Thursday said a US study had shown its SIR-Spheres microspheres increased the median period of time in which patients lived without their cancer progressing. Sirtex also announced a 22 per cent increase in global sales during the first 10 months of the financial year.

  • Resmed plunges on sleep therapy fears AAP - Thu, May 14, 2015 11:52 AM AEST

    Resmed shares have plunged after it warned a trial of one of its sleep disorder therapies increased the risk of fatal heart attacks. Resmed had been carrying out a clinical trial of a therapy it hoped would help patients with chronic heart failure and who suffer from breathing problems while they sleep. "Patient safety is our first and foremost priority," ResMed Chief Medical Officer Glenn Richards said.

  • Orexigen shares fall in quarrel with Takeda over drug study Associated Press - Thu, May 14, 2015 4:46 AM AEST

    Shares of the drugmaker Orexigen are under pressure after the Japanese drugmaker Takeda, its partner on the obesity drug Contrave, said it may end its work with Orexigen. Takeda says Orexigen breached ...

  • CVS will pay $22M in investigation into Fla. pharmacies Associated Press - Thu, May 14, 2015 3:19 AM AEST

    CVS Health will pay $22 million to resolve an investigation of two pharmacies in central Florida targeted by federal regulators for the lax sale of powerful painkillers. In 2012 the Drug Enforcement Administration ...

  • Orexigen shares fall on study, Takeda quarrel Associated Press - Thu, May 14, 2015 2:49 AM AEST

    Shares of the drugmaker Orexigen are under pressure after it terminated a study on the potential effects on the heart of its obesity drug Contrave and said it is at odds with its marketing partner on the ...

  • Private or public health system for your baby? Yahoo7 Moneyhound - Thu, May 14, 2015 12:00 AM AEST
    Private or public health system for your baby?

    Congrats! You're having a baby. One of the first decisions you will have to make before your child even comes into the world is whether to have private health and hospital insurance or to birth with the public system.