healthcare News
Pharmacy Stocks Under Pressure as Amazon Enters Weight-Loss Drug Market
Shares in CVS and Walgreens face headwinds as the e-commerce giant begins offering popular GLP-1 drugs like Wegovy, intensifying competition in the lucrative pharmacy sector.
Amazon Enters Weight-Loss Market, Offers Wegovy Pill Via Pharmacy Unit
The move positions the e-commerce giant to compete in the lucrative GLP-1 drug market, leveraging its Amazon Clinic and logistics network to challenge established pharmacies.
Drug Retailers Pressured as Amazon Enters Wegovy Market
Tech giant's move into popular weight-loss treatments threatens to siphon market share from incumbents like CVS and Walgreens in the lucrative obesity drug sector.
Novo Nordisk Stock Climbs on Wegovy Pill Deal with Amazon Pharmacy
The Danish drugmaker is expanding access to its newly-approved oral weight-loss medication through the e-commerce giant, intensifying its rivalry with Eli Lilly.
Rhythm Pharma Posts 50% Revenue Growth, Eyes Key FDA Milestone
Preliminary results show $194 million in full-year sales for its obesity drug Imcivree, but shares fell as investors look ahead to a pivotal regulatory decision.
Health Insurers Rally as House Passes ACA Subsidy Extension
Legislation to extend key Affordable Care Act tax credits for three years heads to the Senate, boosting outlook for insurers like UnitedHealth and Humana.
CorMedix Warns of Steep Revenue Cliff, Eclipsing 48% Q4 Beat
A looming CMS reimbursement change for its flagship DefenCath product threatens to slash future sales, putting a bullish Wall Street consensus on high alert.
Crinetics Shares Dip After Pricing $350 Million Stock Offering
Capital raised to fund the commercial launch of its newly approved drug PALSONIFY™ and advance clinical trials, as the offering prices at a discount.