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Aetna, Humana Acquisition Deal on a Fast Track

Aetna is almost close to an agreement to buy its rival Humana for about $34 billion. On Thursday, people familiar with the matter briefed that this is the first in a series of mergers among the country’s big health insurer. Under the agreement, Aetna would pay almost $230 a share in stock or cash. That […]


Biogen Pays $124 Million to Develop Gene-Based Therapies

On Thursday, Biogen Inc. will enter into the area of eye-disease treatment by paying Applied Genetic Technologies Corp. (AGTC) about $124 million for licensing its products, and commercialization rights to a few of its gene-based therapies. Where, the amount ($124 million) incorporates a $30 million equity investment worth of $20.63 per share. Biogen also has […]

Glaxosmithkline's New HIV Drug

China to Get Cut-Price Supplies of GlaxoSmithKline’s New HIV Drug

China will get cut-price supplies of GlaxoSmithKline’s new HIV drug Tivicay, after an accord for a Shanghai-based – Desano Pharmaceuticals to turn into an additional manufacturer of the medicine’s active ingredient. The joint effort between Desano Pharmaceuticals and GSK’s HIV unit ViiV Healthcare marks a change in the business atmosphere for the British drug-producer that […]


Electrical Therapies Will Be Used To Treat Deadly Diseases

Envision a world where our deadly diseases are treated using electrical therapies, rather than pills or chemo. The reality is very near to us, as recently scientists have discovered that people dealing with deadly diseases will be treated well by using electronic systems. Generally, human’s nervous system sends signals to tissues or organs to ease […]


Sandoz launches the 1st version of multiple sclerosis drugs in US

Novartis International AG/ Sandoz reports US launch of Glatopa(TM), the first generic contender to Copaxone(R) 20mg. Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is only in charge of the content of this declaration. Glatopa is the first FDA-approved, substitutable generic version of Copaxone(R) 20mg – a treatment for relapsing forms of multiple […]

Google News

Google’s new app helps user to keep track of their daily dietary supplements

Google is working on an application that will scan food images and count calories that are present in the food. It is developed using artificial intelligence technology, and was introduced this week at a tech conference in Boston. According to Popular Science, the app uses algorithms to scan food images that are uploaded to Instagram, […]

medical imaging

lifeIMAGE Drives $17.5 Million to Increase Medical Imaging Network Capabilities

Today, a Newton-based, lifeIMAGE company raised a fresh financing round to expand and increase the breadth of medical imaging network capabilities. lifeIMAGE is the largest and the most used network in the U.S. for exchanging medical images. The company is backed by Cambia Health Solutions that led about $17.5 million in raising financial funds. CEO […]

Cyberattack affects 1.1m CareFirst Customers

Cyberattack affects 1.1m CareFirst Customers

CareFirst, Blue Cross Blue Shield, announced on Wednesday, that the health insurer suffered a cyber-attack in June. It revealed that data breach could impact up to 1.1 million CareFirst’s existing and former customers’ information. The health insurer’s headquarter is situated in Maryland, servicing areas – Washington D.C and Virginia. The health insurer disclosed about the […]

UnitedHealth Group to acquire Catamaran in a $12.8 billion deal

UnitedHealth Group to acquire Catamaran in a $12.8 billion deal

Health insurer UnitedHealth Group Inc. has announced that it has reached an agreement to purchase Catamaran Corp in a deal worth about $12.8 billion to promote its pharmacy benefit management, as it competes with bigger rivals such as Express Scripts Holdings Co. As part of the deal, Catamaran, the fourth largest pharmacy benefit manager in the […]


Roche Sales Promise Solid Growth, Pumped by Cancer Drugs

Swiss drug-maker Roche Holding AG on Thursday revealed a 2 percent rise in its third-quarter sales, pumped by strong demand for its cancer drugs and up-and-coming new products. The world’s biggest producer of cancer drugs, Roche additionally announced U.S. regulatory approval for its ‘idiopathic pulmonary fibrosis drug Esbriet, which elevated from its InterMune acquisition in […]

Chinese authorities accused GSK's China chief of scheming a “massive bribery network” that helped the company with higher drug prices and illegal revenue of more than $150 million

China Slaps $500M Fine on GlaxoSmithKline for Bribery

China has fined British pharmaceutical giant GlaxoSmithKline $491.5 million after a Chinese court found its subsidiary in the country guilty of bribing non-government staff. Chinese state media said it was the biggest corporate fine the nation has ever issued. GSK in a statement said that it has fully cooperated with the Chinese authorities and taken […]

TriZetto Headquarters, Englewood. CO

Cognizant Snaps Up TriZetto for $2.7B to Expand Healthcare IT

Cognizant Technology Solutions Corp in one of its biggest deals on Monday, agreed to acquire healthcare IT company TriZetto Corp for $2.7 billion in yet another effort to reinforce its abating healthcare business. The deal is still awaiting regulatory approval and is expected to be completed in the fourth quarter. Cognizant, an outsourcing firms in […]

CVS stops tobacco sales

CVS stops tobacco sales, launches quit-smoking programs

With its mission to promote health care, the nation’s second-largest drugstore chain CVS will halt tobacco sales in all of its stores starting Wednesday. Health experts are hoping the move will be followed by other major drugstore chains. To revitalize its image as a health care company, CVS Caremark announced a corporate name change to […]

George V. Hager Jr., Chief executive of Genesis HealthCare.

Genesis and Skilled HealthCare Group Merge, Create $5.5 Billion Giant

Skilled HealthCare Group Inc announced on Monday, that it has signed a definitive agreement to combine with privately held Genesis HealthCare Corp. in an all-stock deal to create the second largest contract therapy provider, according to a filing with the Securities and Exchange Commission. Under the terms of the agreement, Skilled HealthCare shareholders will own […]

Kroger Acquires Vitacost For $280 Million

Kroger Acquires Vitacost For $280 Million To Bolster Its Internet Retailing

Cincinnati-based grocery giant Kroger Co. wants to beef up its online operations. The company announced on Wednesday that it would buy Inc, online retailer of vitamins and other health-oriented products for about $280 million. Though the $280 million deal is trivial in financial terms for a company with $100 billion in annual sales, Kroger […]

According to a 2007 World Bank Report, 760,000 people die prematurely each year in China due to air pollution and water pollution.

China’s Worsening Air Pollution Now Resembles Nuclear Winter

China’s record-breaking air pollution has potentially wreaked havoc on the country’s economy. Scientists here have cautioned that the country’s toxic air pollution is now so worse that it resembles a nuclear winter, delaying photosynthesis in plants which has exacted a significant toll in food supply. China’s landlocked capital of 20m people is enduring toxic air pollution over […]

Banks were given a green light Friday to offer services to the legal marijuana industry

Federal Government Issues Roadmap for Banks to Pool on Marijuana Businesses

The Federal Government has issued regulations to banks for conducting transactions with legal marijuana businesses which are licensed and regulated as the number of states legalizing the drug grows. Colorado and Washington – became the first two states in 2012 to have approved recreational utilization of marijuana. A group in Alaska is hoping to make […]

This computer simulation visualizes the filaments of dark matter thought to underpin the Universe's structure of galaxies and galaxy clusters

2014: a year for synthetic biology, dark matter, and more!

Expectations concerning energy and science continue to build up as new discoveries and enterprises are unveiled during the first weeks of 2014. This year promises interesting energy and health solutions, which go from upgrades in wind powered renewable electricity to further understanding of what black matter is.

smart contact lens

Google unveils smart contact lenses for diabetics

Diabetes affects one in 19 persons around the world, according to Google’s research. Just imagine if all these people could forget about pricking their fingers several times a day to carry out blood sugar tests and instead they could just simply wear smart contact lenses.