United States

Mrinalika Roy

Top U.S. health official says approval of COVID vaccines unlikely before November

Aug 13 2020

Any potential COVID-19 vaccine backed by the Trump administration's "Operation Warp Speed" program is unlikely to receive a green light from regulators any earlier than November or December, given the time needed for a large-scale clinical trial, the National Institutes of Health director said on Thursday.

SmileDirectClub revenue plunges on weak demand for dental aligners

Aug 12 2020

Dental products maker SmileDirectClub Inc reported an 82% fall in quarterly revenue on Wednesday, as delayed procedures due to coronavirus-led restrictions hurt sales of its aligners, sending its shares down about 6% in extended trade.

Becton on track to make one billion syringes to help COVID-19 vaccination

Aug 06 2020

Becton Dickinson and Co said on Thursday it was on track to make 1 billion syringes in the next 12-18 months to meet demand for COVID-19 vaccination when approved, as the medical device maker reported quarterly revenue below estimates, sending its shares down nearly 9%.

AbbVie's Humira powers profit beat as COVID-19 weighs on Botox sales

Jul 31 2020

AbbVie Inc on Friday posted a quarterly adjusted profit above estimates as robust sales of its blockbuster arthritis treatment, Humira, helped cushion weak demand for its aesthetic drugs, including Botox, due to the COVID-19 pandemic.

Boston Scientific sees improved July trends as elective surgery recovers

Jul 29 2020

Medical device maker Boston Scientific Corp on Wednesday posted a surprise adjusted quarterly profit and said demand for elective procedures picked up pace in July following an easing of coronavirus-driven restrictions.

LabCorp says needs to run testing below full capacity for faster results

Jul 28 2020

Laboratory Corporation of America Holdings said on Tuesday it has the capacity to run about 180,000 molecular tests a day and was delivering results in two-three days, but to maintain the speed it will have to perform below full capacity.

HCA Healthcare posts surprise profit as elective surgery demand improves

Jul 22 2020

HCA Healthcare Inc reported a surprise quarterly profit on Wednesday, as the U.S. hospital operator saw a gradual pickup in demand for elective surgeries amid easing of coronavirus-led restrictions in some parts of the country.

U.S. FDA clears new version of Abbott's low-cost glucose monitor

Jun 15 2020

The U.S. Food and Drug Administration on Monday cleared a new version of Abbott Laboratories' continuous glucose monitoring device, helping the company build upon the success of its fastest-growing diabetes product.

World News

As UAE hails Israel accord, silence from Saudi Arabia

As media and people in the United Arab Emirates hailed the Gulf state's deal to normalise relations with Israel as a diplomatic victory that helps the Palestinians, silence reigned in Saudi Arabia, longtime figurehead of regional policy towards Israel.