GSK to Invest £400 Million in UK R&D Expansion
British pharmaceutical company GSK announced a £400 million investment over the next three years to strengthen its UK operations, including relocating its research and development activities to a new Cambridge facility. The move is...
U.S. Launches $5 Billion AI Initiative to Accelerate Scientific Research
The Trump administration has announced a $5 billion initiative to tackle long-standing scientific challenges using artificial intelligence across multiple fields. The program will involve 15 federal agencies, including the Departments of Health and Human...
Trump Administration Pauses $1 Billion in Medicaid Payments to California, Minnesota
The Trump administration has temporarily halted nearly $1 billion in federal Medicaid payments to California and Minnesota, citing suspected fraud and noncompliance. U.S. Health Secretary Robert F. Kennedy Jr. announced the move alongside Centers...
Novo Nordisk Sues Eli Lilly Over Weight-Loss Drug Advertising
Novo Nordisk has filed a lawsuit against rival Eli Lilly in a U.S. federal court, accusing the American pharmaceutical company of misleading advertising by claiming its weight-loss drugs outperform Novo’s treatments. The lawsuit, filed...
Portugal Joins Global HealthAI Network Ahead of EU AI Rules
Portugal has become the first European Union member state to join HealthAI’s Global Regulatory Network (GRN), marking a significant step in strengthening international oversight of artificial intelligence in healthcare. The agreement between Portugal’s healthcare...
V. P. Nandakumar’s US$1.5 Million Donation Supports Global Welfare
Mr. V. P. Nandakumar, Chairman and Managing Director of Manappuram Finance Ltd., has contributed US$1.5 million to Lions Clubs International Foundation (LCIF), the charitable arm of Lions International. The contribution will support the foundation’s...
FDA Panel to Review Moderna’s Flu Vaccine for Older Adults
The U.S. Food and Drug Administration’s (FDA) independent vaccine advisory panel is set to review and vote on whether the benefits of Moderna’s influenza vaccine, mFlusiva, outweigh its potential risks in older adults. Moderna...
Trump Administration Sues New York Officials Over Medicaid Homecare Contract
The Trump administration has filed a lawsuit against senior New York health officials and Public Partnerships LLC (PPL), alleging that the bidding process for managing the state’s Consumer Directed Personal Assistance Program (CDPAP) was...
Some U.S. Employers Plan to End Coverage of Weight-Loss Drugs as Costs Continue to Rise
Large employers in the United States are increasingly reconsidering coverage for GLP-1 weight-loss medications such as Wegovy, Zepbound, and Foundayo as growing demand continues to drive healthcare costs higher. According to recent surveys, around...
Apotex Health Targets Up to C$1.2 Billion in Toronto IPO
Canadian healthcare company Apotex Health announced on Monday that it plans to raise up to C$1.2 billion through an initial public offering (IPO) on the Toronto Stock Exchange (TSX), marking one of the largest...