Healthcare Health/Fitness

Amgen Scraps Experimental Weight Loss Pill, Moves Forward With Injectable Drug in Development for Obesity

Amgen will discontinue its experimental weight loss pill and focus on developing injectable drugs and other obesity-related products.


USDA Recalls 16,000 Pounds of Walmart Ground Beef Over E. coli Contamination

The USDA announced a nationwide recall of over 16,000 pounds of ground beef sold at Walmart due to potential E. coli contamination. The beef originated from Cargill Meat Solutions in Hazleton, Pennsyl..

Peloton CEO Barry McCarthy to Step Down While the Company Faces a Series of Layoffs Due to Low Profits

Peloton undergoes leadership change with CEO Barry McCarthy stepping down, accompanied by layoffs of 15% of staff, following disappointing fiscal third-quarter results...

Novo Nordisk's Q1 Profit Surges 28%, Thanks To Booming Demand for Weight Loss Drugs

Novo Nordisk exceeded profit expectations in Q1 2024 with a 28% surge in net profit, driven by Wegovy's success...


Latest News

Oklahoma-based anti-abortion firm Hobby Lobby stirs controversy by backing contraception makers
Oklahoma, US-based anti-abortion craft store chain Hobby Lobby stirred controversy by investing $73 million in Pfizer, Bayer, and other companies that make abortive drugs and contraception.
Ohio software firm Bjond raises $3.25M in Series A funding
Columbus, US-based software firm Bjond raised $3.25 million in its Series A funding round led by Draper Triangle Ventures to accelerate its workflow automation software BjondHealth.
IMS Health Holdings sets IPO price
IMS Health Holdings has set its price for the company's initial public offer to start trading on Friday on the NYSE, reported Reuters.
Sanofi looking growth in Africa through acquisitions
Sanofi is looking to grasp a good hold in Africa through acquisition of business units, according to the firm's CEO Chris Viehbacher who told Reuters.
Healthcare IT service provider Imprivata files for IPO in New York
Lexington, US-based healthcare IT service provider Imprivata filed for an initial public offering (IPO) to raise $115 million on the New York Stock Exchange (NYSE).
New York fitness startup Classtivity rebrands as ClassPass as it closes $2M seed round
New York, US-based fitness startup Classtivity rebranded as ClassPass as it closed $2 million in a seed funding round from several angel investors to help customers stick more to its workout program.
Smart Ventures Inc seeks $100M for cannabis-focused subsidiary
Smart Ventures already tapped a veteran fund manager to work on the $100 million initial private placement fundraising for Cannabis Funding Group, the statement said.
India Agribusiness Fund invests INR75 crore in Beloorbayir Biotech
Private equity firm Agribusiness invested INR75 crore in Bangalore, India-based nutraceutical and pharmaceutical ingredients supplier Beloorbayir Biotech for the latter's product development and inter
The Africa Group picks up 25pct stake in Ethiopia's Telemed
US-based boutique advisor and venture capital firm The Africa Group (TAG) picked up a 25% stake in Ethiopia-based health systems engineering services provider Telemed Medical Services (Telemed) for an
Intel to pour $15M into Israeli smarglasses startup OrCam
Intel Capital is planning to pour $15 million in funding into Jerusalem, Israel-based smartglasses maker to continue helping visually impaired people using the startup's product.
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