Biotech & Pharmaceuticals

Shares of Biogen plummeted Thursday after the company halted the trial of Alzheimer’s disease drug aducanumab.

High profile CEOs in the drug industry testified about drug prices in front of a Senate committee. Ylan Mui reports.

“Like most Americans, I’m sick and tired of the blame game,” says Senate Finance Committee Chairman Chuck Grassley. “It’s time for solutions.”

Two new deals to the start the year and positive trial presentations at the J.P. Morgan Health Care conference, have breathed new life into some of last year’s biggest stock losers.

Biotech giant Amgen is lowering the price of its cholesterol medicine Repatha by almost 60 percent, following a similar move from its competitor, after both drugs failed to meet sales expectations.

Meg Tirrell reports on J&J’s relaunch of the iconic baby brand, which will have fewer chemicals and more natural ingredients.

J&J is still the global leader in the category, but says it needs to make a change to stem a sales decline.

Shkreli, who gained infamy for raising the price of the drug Daraprim by more than 5,000 percent, has been locked up since offering a bounty for hair stolen by Facebook followers from the head of Hillary Clinton.

Since President Trump took office, drugmakers have hiked list prices on hundreds of drugs at rates that outpace inflation, Axios reports.

Celgene agrees to buy biotechnology company Juno Therapeutics for about $9 billion.

Sixty-four percent of patients achieved major depressive disorder remission using SAGE-217 in the 15th day of treatment, Sage says.

Inter partes review is at the center of a case before the Supreme Court, and the decision will have far-reaching effects.

The approvals “mark another significant milestone for our company,” Mylan CEO Heather Bresch says.

Arena Pharmaceuticals’ drug Ralienpag met its Phase 2 program goals.