Notable healthcare headlines for the week: UnitedHealth, Eli Lilly, Pfizer in focus
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Wall Street's major averages ended mostly lower, but the S&P 500 Health Care Index gained 2.8% last week. Notable gainers included UnitedHealth (+22.05%) and Eli Lilly (+12.34%). UnitedHealth's shares surged after Berkshire Hathaway acquired a $1.6B stake. Eli Lilly faces a lawsuit in Texas over alleged illegal kickbacks. Pfizer's pediatric COVID vaccine may not receive FDA renewal. Hims & Hers Health is under FTC investigation for business practices. Bayer announced a $1.3 billion deal with Kumquat Biosciences for cancer drug development.
Source: MSN The copyright of this article belongs to the original author/organization.
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