Health

AI pharma start-up BenevolentAI worth $2 billion after funding round

British artificial intelligence start-up BenevolentAI has bagged $115 million through investors, lifting its pre-money valuation to $2 billion. The London-based firm, which is usually focused on the pharmaceutical industry, said the latest round of funding will help the idea scale drug development in addition to its AI platform. The company currently has more than 20 drug programs. the idea said ...

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Comcast along with Independence Health to partner on fresh health care platform

Comcast is actually teaming up with one of the nation’s largest Blue Cross health insurers, Independence Health Group, to launch a fresh consumer-oriented health-care technology platform. “Through This specific collaboration, we will explore how we can best use technology to enhance how consumers access along with use healthcare services, which we know at times can be frustrating,” said Daniel J. ...

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How doctors from the US prescribe opioids — four charts

The number of patients getting brand new prescriptions for opioids — defined as those who haven’t been prescribed one from the previous year — declined by 7.8 percent in 2017. brand new prescription starts, particularly for chronic pain, can be a key indicator of future opioid use, Iqvia said. The decline can be attributed to a few reasons, according to ...

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Kentucky Gov. Matt Bevin slams state AG’s lawsuit against J&J: ‘These are political moves’

Kentucky Gov. Matt Bevin slammed his state’s attorney general on Wednesday, telling CNBC he does not support the official’s lawsuit against Johnson & Johnson. The suit, filed in court Wednesday, accuses the pharmaceutical supplier received a of devising a deceptive marketing scheme which mischaracterized the risk of opioid abuse as well as also addiction. “I’m not on board with just ...

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P&G to acquire Merck’s consumer health business for $4.21 billion

Procter & Gamble Co said on Thursday the idea has signed an agreement to acquire the consumer health business of German pharmaceuticals company Merck KGaA for about 3.4 billion euros ($4.21 billion). The acquisition enables P&G to add to its portfolio of existing consumer healthcare capabilities along with brands such as Vicks, Metamucil, Pepto-Bismol, Crest along with Oral-B.

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Pharma bro Martin Shkreli gets sent to federal prison in completely new Jersey

“Pharma bro” scammer Martin Shkreli has been sent to a federal prison in completely new Jersey to serve the remainder of his seven-year sentence after being denied his request for a minimum-security federal camp. Shkreli, who had been in a Brooklyn federal jail since September, was shipped Tuesday to the low-security Fort Dix Federal Correctional Institution in completely new Jersey, ...

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HHS secretary back in hospital for bowel condition

Eric Thayer | Bloomberg | Getty Images Alex Azar, secretary of Health in addition to Human Services A spokeswoman says U.S. health secretary Alex Azar can be back inside hospital for additional treatment in addition to observation. He’s been diagnosed that has a painful bowel condition called diverticulitis. Health in addition to Human Services Department spokeswoman Caitlin Oakley says Azar ...

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Abbott’s quarterly profit, sales beat Street estimates

Daniel Acker | Bloomberg | Getty Images An employee walks near an Abbott Laboratories sign at the company’s headquarters complex in Abbott Park, Illinois. Abbott Laboratories reported better-than-expected quarterly profit along with sales, helped by growth across its businesses along with device launches. The diversified health-care company reported net earnings of $418 million, or 23 cents per share, inside quarter ...

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