Tag: Pharmaceutical industry

CVS Health Corp posted its second-quarter earnings on Wednesday, beating Wall Street expectations. The pharmaceutical chain reported a profit of $2.21 per share, beating analysts' estimates of $2.11 per share. Sales for the company's health services segment rose 7.6% to $46.22 billion compared to the...

Futures in New York edged lower on Tuesday following the latest influx of earnings from major pharmaceutical companies. Investors also remain focused on incoming economic data to better understand the trajectory of the U.S. economy. Dow Jones e-minis declined by 51 points, or 0.14%, while...

Merck & Co decided to raise its full-year revenue forecast on Tuesday after posting better-than-expected financial results for the second quarter. Shares in the company rose by 1% in premarket trading on Tuesday morning. Sales for Q2 were $15 billion, up from $14.6 billion during...

Walgreens Boots Alliance Inc posted a better-than-expected quarterly earnings report on Thursday, with its profit beating Wall Street expectations. The company's shares rose 3% before the opening bell. Walgreen's core business, its U.S. retail pharmacy, recorded a revenue of $27.6 billion for the period, exceeding...

UnitedHealth and Amazon are the latest companies to enter the battle to acquire Signify Health Inc. They join the likes of CVS Health Corp. and Option Care Health Inc. in a race to seize ownership of the home-health technology and services provider. According to sources...

Biopharmaceutical company Amgen Inc has confirmed that it will purchase ChemoCentryx Inc for $3.7 billion. While ChemoCentryx shares are down 34% this year, the announcement saw them double in value to $51.40 before trading commenced. To complete the deal, Amgen will be required to...