Health Care

Pfizer 4Q Profit Misses Estimates

Pfizer, which closed its $14 billion acquisition of Medivation in September, reported a lower-than-expected profit, hit by lower demand for products set to go off patent.

Aetna's Quarterly Profit Beats Estimates

Health insurer Aetna, whose $34 billion deal for Humana was blocked last week, reported a higher-than-expected quarterly profit on Tuesday, helped by higher premiums for its plans.

Colgate-Palmolive 4Q Revenue Falls Short

Colgate-Palmolive reported an adjusted 4Q profit of $0.75 per share, topping, missing the estimate for $0.75. Revenue for the company came in at $3.72 billion, missing the estimate for $3.86 billion

2 convicted of $8.9 Medicare scam in 4 Gulf Coast states

Federal prosecutors say two owners of psychological service companies have been convicted of an $8.9 million fraud scheme that billed Medicare for unnecessary or nonexistent tests on nursing home patients in four Gulf Coast states.

J&J to buy Swiss biopharma firm Actelion for $30 billion

Johnson & Johnson is buying Swiss biopharmaceutical company Actelion Ltd. for about $30 billion, handing the U.S.-based health care products giant a chance to boost its presence in innovative biotech treatments.

Bristol-Myers misses 4Q profit forecasts

Bristol-Myers Squibb Co. (BMY) on Thursday reported fourth-quarter net income of $894 million, after reporting a loss in the same period a year earlier.

Former QB Jim Kelly Teaming Up with Merck to Help Tackle Cancer

Former Buffalo Bills quarterback Jim Kelly discussed his new partnership with Merck to create ‘Your Cancer Game Plan’ in an effort to help people with cancer, and their loved ones, stay informed during their fight against the disease.

Drug firm Novartis mulls options for Alcon amid flat 4Q net

Swiss pharmaceutical company Novartis says it is considering options for its Alcon eye-care products division, and announced plans to increase its dividend by 2 percent and buy back $5 billion worth of shares this year.

Federal judge swats Aetna-Humana insurer combo

A federal judge has rejected health insurer Aetna's plan to buy rival Humana Inc. for about $34 billion and become a major player in the market for Medicare Advantage coverage.