Caroline's Feed
Jan 10, 2013

Drugmakers report U.S. shortages of flu vaccine, Tamiflu

Jan 10 (Reuters) – This year’s early and potentially severe
flu season has created shortages of the children’s formulation
of the leading treatment and most forms of the top-selling flu
vaccine in the United States, according to their manufacturers.

Roche Holding AG told Reuters late on Wednesday
that it had a shortage of the liquid formulation of Tamiflu,
which is used mainly to slow down or stop the symptoms of the
flu in children already infected with the virus.

Jan 4, 2013

Eli Lilly banks on cost controls for higher 2013 profit

By Bill Berkrot and Caroline Humer

(Reuters) – Eli Lilly and Co said on Friday it expects profit in 2013 to increase by more than Wall Street had been forecasting, primarily due to cost controls and improved productivity.

Lilly, whose shares were up nearly 4 percent on Friday, said 2013 sales will be flat to a bit higher, despite the loss of patent on its $5 billion-a-year antidepressant, Cymbalta, in December.

Dec 31, 2012

FDA new drug approvals hit 16-year high in 2012

LONDON/NEW YORK (Reuters) – U.S. regulators approved 39 new drugs in 2012, the most in 16 years, suggesting that pharmaceutical makers are poised for growth after losing billions of dollars in recent years to generic drug makers because of patent expirations.

There were eight approvals in December alone, including a new treatment from Johnson & Johnson called Sirturo for drug-resistant tuberculosis approved on Monday, the first new TB drug in decades.

Dec 12, 2012

Aetna to join 15 exchanges under U.S. healthcare reform

NEW YORK, Dec 12 (Reuters) – Aetna Inc, the third
largest U.S. health insurer, said on Wednesday that by 2014 it
expects to be part of about 15 healthcare exchanges being
established under government reforms.

Aetna, one of the companies on the front lines of healthcare
changes in the United States, told analysts and investors it
believes an increase in customers from the new market places
would likely contribute to its growth.

Dec 12, 2012

Aetna plans to join 15 exchanges under U.S. healthcare reform

NEW YORK, Dec 12 (Reuters) – Aetna Inc, the third
largest U.S. health insurer, said on Wednesday that by 2014 it
expects to be part of about 15 healthcare exchanges being
established under government reforms.

Aetna, one of the companies on the front lines of healthcare
changes in the United States, told analysts and investors that
it believes an increase in the number of customers from the new
market places will likely contribute to its growth.

Dec 4, 2012

Baxter to buy Sweden’s Gambro for $4 billion

By Debra Sherman and Caroline Humer

(Reuters) – Healthcare products maker Baxter International Inc said on Tuesday that it would buy privately held Swedish dialysis product company Gambro AB for about $4 billion to expand its kidney therapy portfolio.

Baxter, whose shares were down 1 percent, will finance the deal with debt and cash. The deal marks Baxter’s biggest acquisition since Chief Executive Robert Parkinson took the helm in 2004.

Nov 30, 2012

Grand Canyon may be as old as dinosaurs

By Caroline Humer

(Reuters) – New research suggests the Grand Canyon, one of the seven wonders of the world, may have a far more interesting and ancient history than previously thought, a U.S. study said on Thursday.

Instead of being shaped by the Colorado River 5 or 6 million years ago, a new analysis of the minerals in the 280-mile (450-km) gorge suggests it was formed by a much older river likely frequented by the dinosaurs that roamed North America some 70 million years ago.

Nov 29, 2012

Grand Canyon may be as old as dinosaurs: U.S. research

By Caroline Humer

(Reuters) – New research suggests the Grand Canyon, one of the seven wonders of the world, may have a far more interesting and ancient history than previously thought, a U.S. study said on Thursday.

Instead of being shaped by the Colorado River 5 or 6 million years ago, a new analysis of the minerals in the 280-mile (450-km) gorge suggests it was formed by a much older river likely frequented by the dinosaurs that roamed North America some 70 million years ago.

Nov 26, 2012

UnitedHealth forecasts 2013 profit below Wall St view

By Caroline Humer

(Reuters) – UnitedHealth Group Inc (UNH.N: Quote, Profile, Research, Stock Buzz), the largest U.S. private health insurer, said on Monday it expects 2013 earnings of $5.25 to $5.50 per share, below analysts’ expectations.

The outlook backs up comments the company made in October that analysts’ estimates for 2013 were too high due to the weak economy and government efforts to rein in the deficit. At that time, the Wall Street consensus was for earnings of $5.60 per share.

Nov 16, 2012

Cigna sees ’13 growth below average long-term forecast

By Caroline Humer

(Reuters) – Health insurer Cigna Corp said on Friday that it expects 2013 earnings growth of 4 to 9 percent, below its average long-term forecasts as it confronts U.S. unemployment in the high-single digits, limited wage growth and a gradual rise in the use of medical services.

Cigna’s outlook followed up on comments earlier this month from its executives about the “headwinds” expected in the coming year, as the company prepares for more aspects of U.S. healthcare reform to take hold.