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J&J Has No Plans to Enter Obesity Drugs Market, CEO Says
Bloomberg55d agoneutralVIDEO
J&J Has No Plans to Enter Obesity Drugs Market, CEO Says

Johnson & Johnson has no plans to enter the booming obesity market, opting instead to focus on diseases such as cancer, CEO Joaquin Duato said in an interview for an upcoming episode of The David Rubenstein Show: Peer to Peer Conversations. The comments set J&J apart from many of its rivals that are trying to develop or acquire obesity medicines following blockbuster weight-loss drugs from Eli Lilly & Co. and Novo Nordisk.

Novo Nordisk hit by cyber incident, probes data breach
Reuters61d agoneutral
Novo Nordisk hit by cyber incident, probes data breach

Novo Nordisk said on Thursday it has ‌identified a security incident involving ‌unauthorized access to a limited number ​of internal IT systems. The company's core business operations are not impacted and remain ​up ‌and running, it added.

Health Care Roundup: Market Talk
The Wall Street Journal62d agoneutral
Health Care Roundup: Market Talk

Find insight on Big European pharmaceutical companies, GSK, Kossan Rubber Industries and more in the latest Market Talks covering the health care sector.

Eli Lilly Stock on Track for Record as Insurance Coverage Expands for Zepbound
The Wall Street Journal75d agoneutral
Eli Lilly Stock on Track for Record as Insurance Coverage Expands for Zepbound

Eli Lilly shares are on pace to hit a new all-time closing high on news of increased insurance coverage for its blockbuster weight-loss drug Zepbound. Lilly shares were recently up 4.4% to $1,130.90. Pharmacy-benefit manager CVS Caremark decided to add back Lilly’s Zepbound weight-loss drug to its lists of preferred drugs.

Small biotech firms quicker to 'latch onto' AI than big ones, says Tencent Healthcare President
Reuters76d agoneutral
Small biotech firms quicker to 'latch onto' AI than big ones, says Tencent Healthcare President

Small biotech firms "latch onto" AI more quickly than bigger firms, the head of ‌Chinese tech giant Tencent's healthcare division said on ‌Thursday, as more businesses embrace AI to improve efficiency. Pharmaceutical companies are also increasingly ​turning to AI to accelerate research and development, betting on new modeling tools and automated labs to improve efficiency and slash costs as well as drug development timelines. Drugmakers including Novo Nordisk ‌and Eli Lilly have ⁠announced AI-related collaborations with technology firms.

CVS brings back coverage for Lilly's obesity drug Zepbound
Reuters76d agoneutral
CVS brings back coverage for Lilly's obesity drug Zepbound

May 28 () - CVS Health said on Thursday it will add Eli Lilly's weight-loss drug Zepbound back to some ‌of its drug lists as an additional preferred option ‌for insurance coverage. Caremark, CVS' pharmacy benefit management unit, had dropped Zepbound from coverage ​on July 1 last year, while continuing to reimburse for rival Novo Nordisk's Wegovy after negotiating a more favorable price from the Danish drugmaker.

Lower cost Novo, Lilly weight-loss pills draw patients from compounded drugs, doctors say
Reuters83d agoneutral
Lower cost Novo, Lilly weight-loss pills draw patients from compounded drugs, doctors say

LONDON/NEW YORK, May 21 (Reuters) - Lower prices for weight-loss pills from Novo Nordisk and Eli Lilly are prompting patients to switch from compounded medications to branded Wegovy and Foundayo, according to Reuters interviews with nine U. Prices for the lowest doses of both Novo's oral Wegovy and Lilly's Foundayo tend to be lower than for their injected obesity ‌medicines, and at par with those offered by pharmacies that mix the ingredients themselves and make compounded versions.