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A depression drug that’s been called ‘the most important discovery in half a century’ just got a big step closer to FDA approval

Esketamine, a first-of-its-kind depression drug made by Johnson & Johnson, got a big nod on Tuesday from a group of experts convened by regulators.

GE Healthcare just filed a confidential IPO, kickstarting a spin-off that would create one of the world’s biggest health giants

The industrial conglomerate is said to be working with Goldman Sachs, Bank of America, Citigroup, JPMorgan, and Morgan Stanley on its IPO plans.

Opioid overdose deaths are highest in places where pharma spends the most on marketing, a new study finds

Researchers at the University of Pittsburgh launched a study to figure out if there's a link between the money that drugmakers spend on opioid marketing and drug-related deaths.

Eli Lilly stock gets bump after positive results for its mid-stage diabetes drug trial

On Thursday, pharma giant Eli Lilly and Co. announced positive results in a mid-stage trial for its experimental new diabetes drug. The company's stock was up 3% in afternoon trading.

Pfizer’s long-serving CEO, Ian Read, is standing down and being replaced by his chief operating officer

Read, who has been at the helm of the firm since 2010, will stand down on January 1, the company announced Monday. He will be replaced by Pfizer's chief operating officer, Albert Bourla.

A startup with ties to Bayer has inked a $122 million deal to make lab-grown marijuana — and it’s eyeing the pharma industry

Boston-based startup Ginkgo Bioworks will use Cronos' labs to produce synthetic marijuana compounds, many of which "have the potential to be valuable in a range of pharmaceutical applications."

Stanford researchers are figuring out how ketamine fights depression — and why the drug has been called ‘the most important discovery in h...

A new Stanford study is the first to illuminate how ketamine works in the brain to alleviate depression. The research suggests that the drug engages the opioid system — the same one that's activated by opioid painkillers — in addition to affecting the glutamate system.

DNA-testing company 23andMe has signed a $300 million deal with a drug giant. Here’s how to delete your data if that freaks you out.

Genetics-testing companies like Ancestry and 23andMe can — and frequently do — sell your data to drugmakers. A $300 million deal between 23andMe and the pharmaceutical giant GlaxoSmithKline is the latest example. If that has you thinking about how these companies use your data, here's how to delete it.
A researcher tests bacteria's ability to growth in the presence of antibiotics.

Pharmaceutical companies are backing away from a growing threat that could kill 10 million people a year by 2050

Novartis last week joined a number of large pharma companies that are dropping their antibiotics research projects. As superbugs become a growing problem, here's a look at what drugmakers have in store to combat this issue.

Doctors are calling out a new drug that helps people with addiction for costing more than $1,700 a week — while a generic costs just $1

Two months after it became the first federally approved drug of its kind to treat addiction, doctors are calling out Lucemyra, a new branded medication to treat opioid withdrawal, for costing $1,737 more per week than a similar generic drug.