(Reuters) – Shares of Celgene Corp dived 8 percent on Thursday after a major shareholder in Bristol-Myers Squibb Co came out against a $74 billion merger that would be the Pharmaceutical world’s biggest ever takeover. <img title="Celgene slumps as Bristol-Myers shareholder resists merger " alt="Celgene slumps as Bristol-Myers shareholder resists merger " src="https://s4.reutersmedia.net/resources/r/?m=02&d=20190228&t=2&i=1361339857&r=LYNXNPEF1R0VV&w=450" aria-label="FILE PHOTO: […]

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(Reuters) – Activist investor Starboard Value LP plans to vote against Bristol-Myers Squibb Co’s proposed $74 billion takeover of biotech Celgene Corp and urged other shareholders to join it in voting down the “poorly conceived and ill-advised” deal. <img title="Starboard to vote against Celgene/Bristol deal, move ahead with proxy " alt="Starboard to vote against Celgene/Bristol […]

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NEW YORK (Reuters) – Intellia Therapeutics Inc Chief Executive John Leonard, who U.S. drug maker Bristol-Myers Squibb Co said last week was nominated by hedge fund Starboard Value LP to sit on its board, is not affiliated with the effort, an Intellia spokeswoman said on Thursday. <img title="Intellia CEO not involved in Starboard's Bristol-Myers board […]

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<img title="Pfizer unit Meridian under civil investigation by U.S. Attorney " alt="Pfizer unit Meridian under civil investigation by U.S. Attorney " src="https://s4.reutersmedia.net/resources/r/?m=02&d=20190301&t=2&i=1361576686&r=LYNXNPEF201Y8&w=450" aria-label="EpiPen auto-injection epinephrine pens manufactured by Mylan NV Pharmaceutical company for use by severe allergy sufferers are seen in Washington, U.S. August 24, 2016. REUTERS/Jim Bourg/File Photo”> EpiPen auto-injection epinephrine pens manufactured by […]

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DAKAR (Reuters) – Medecins Sans Frontieres (MSF) has suspended medical activities at the epicenter of an Ebola epidemic in Democratic Republic of Congo after two of its facilities were torched by unidentified assailants, the French charity said on Thursday. Two MSF facilities treating Ebola patients in North Kivu province were attacked in separate incidents earlier […]

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Active ingredient in Roundup weed killer found in popular beers and wine Traces of pesticide and herbicide glyphosate, an ingredient in weed killer have been found in popular beers and wine, according to a study by U.S. PIRG. Though the levels of glyphosate in the drinks tested aren’t necessarily dangerous, the World health Organization said […]

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NEW YORK (Reuters) – U.S. healthcare stocks could face more turbulence on Tuesday, after a bumpy early 2019, as top executives from some of the largest Pharmaceutical companies are expected to get grilled in the U.S. Senate on the high cost of prescription drugs. FILE PHOTO: Traders work on the floor of the New York […]

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WASHINGTON/NEW YORK (Reuters) – U.S. Senators called drug pricing practices “morally repugnant” and told drug company executives they do not want to hear them blame others for the high prices, taking an aggressive stance at the start of a Senate hearing on the rising costs of prescription medicines. FILE PHOTO – The logo of AstraZeneca […]

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LONDON, Feb 27 (Reuters) – An experimental drug could offer hope for restoring damaged brain cells in Parkinson’s patients, scientists said on Wednesday, although they cautioned that a clinical trial was not able to prove the treatment slowed or halted the neurodegenerative disease. The trial involved delivery of a protein therapy directly into the brains […]

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