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Pfizer abandons plan to split into two companies

Pfizer, which was considering a split into two companies for more than two years, said it would not do so because the move would not create any shareholder value.

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FDA approves J&J’s Stelara for Crohn’s disease

Johnson & Johnson said the U.S. Food and Drug Administration approved the company’s blockbuster psoriasis drug Stelara for adults with Crohn’s disease.

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Third win for cannabis drug in epilepsy sends GW to record high

An experimental cannabis-derived drug has successfully treated children with severe epilepsy in a third late-stage clinical trial, sending shares in Britain’s GW Pharmaceuticals to a record high.

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Vela Diagnostics gets emergency U.S. authorization for Zika test

Vela Diagnostics said its test for the Zika virus had received “emergency use authorization” from the U.S. Food and Drug Administration.

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PerkinElmer Reorganizes and Splits Into Two Business Segments

On the same day that Pfizer announced it would not break into two companies, Waltham, Mass.-based PerkinElmer announced that it was breaking into two separate companies.

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North Carolina’s Biologics Inc. to Pink Skip Another 132 Workers

Five months after its acquisition by McKesson Corp. was finalized as part of a $1.2 billion deal, North Carolina-based Biologics Inc. announced it was terminating 132 employees, the Triangle Business Journal reported.

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FDA approves Amgen’s copy of AbbVie arthritis drug Humira

The U.S. Food and Drug Administration approved Amgen’s biosimilar version of AbbVie’s top-selling arthritis drug Humira.

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Endo CEO steps down; successor named

Endo International Plc said Chief Executive Rajiv De Silva had stepped down and would be replaced by generics division head Paul Campanelli.

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Six in the running to be next World Health Organization leader

Six international health experts, including four from Europe, are to compete to become the next director general of the World Health Organization (WHO) after its current leader Margaret Chan ends her tenure in June 2017.

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UPS launches U.S. drone test flights for urgent medical deliveries

United Parcel Service Inc. said it began testing the use of drones for emergency deliveries of medical supplies with a flight in rural Massachusetts, which the company hopes will eventually lead to federal approval of drones as a regular delivery option.

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