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Eli Lilly and Co. (LLY) said that a new interim analysis of three-year data from the EMPagliflozin compaRative effectIveness and SafEty or EMPRISE real-world study on effectiveness shows that Jardiance or empagliflozin was associated with a decreased risk of hospitalization for heart failure and a similar...

Novartis (NVS) announced new subgroup analyses from its global Phase III PARAGON-HF study of patients with heart failure with preserved ejection fraction (HFpEF), also known as diastolic heart failure. The data suggest that treatment with Entresto may result in greater reductions in heart failure...

Sri Lanka's former defense secretary Gotabaya Rajapaksa has won a presidential election. Official results showed Rajapaksa, 70, took 52.25% of the vote, while Sajith Premadasa got 41.99%. Rajapaksa will be sworn into office on Monday. Rajapaksa rival Premadasa of the ruling United National Party,...

Saudi Aramco said Sunday that it plans to sell a 1.5% stake in the company or about 3 billion shares through an initial public offering for the estimate price between 30 riyals or $8 per share and 32 riyals or $8.53 per share. Saudi Arabia's state oil giant could be worth between 6 trillion riyals...

Boeing Co. (BA) announced an order for Two 787-9 Dreamliner Jets from Biman Bangladesh Airlines that is valued at $585 million at list prices. The purchase - recorded in October as an unidentified order on Boeing's website - complements Biman's fleet of 787-8 jets with the larger and longer-range...

Nissan Motor Co Ltd has recalled about 394,025 vehicles in the United States because a brake fluid leak could cause them to catch fire. "... die temperature variation coupled with poor tension force of the oil seal and high temperature vehicle environment, can adversely affect oil seal hardness. These...

Amgen announced a new analysis from the Repatha or evolocumab cardiovascular outcomes (FOURIER) study that evaluates the effectiveness of Repatha in patients who have suffered a recent myocardial infarction or MI. The analysis showed that patients who experienced a recent MI (less than one year) were...

biotechipo-jun14.jpg The IPO activity in the U.S. healthcare sector has had a strong showing, with 12 listings in October and has been somewhat tepid with around 5 listings in the first half of November.

Bristol-Myers Squibb Company (BMY) announced that the U.S. Federal Trade Commission or FTC has accepted the proposed consent order in connection with the pending merger of Bristol-Myers Squibb and Celgene Corpn (CELG), thereby permitting the parties to close the transaction. On August 26, Amgen agreed...

amazon-nov15.jpg Amazon plans to more than double its corporate workforce in Las Vegas by creating 125 additional jobs in the city. The e-commerce giant recently opened a new 30,000 square foot office in Town Square in downtown Las Vegas and plans to expand its corporate workforce in the area to support its Human Resources division. Amazon also said it will donate $100,000 to two food bank partners.

Sinovac Biotech Ltd. (SVA) revealed a profit for third quarter that dropped from the same period last year. The company's bottom line totaled $7.79 million, or $0.06 per share. This compares with $8.86 million, or $0.12 per share, in last year's third quarter. Excluding items, Sinovac Biotech...

tesla-nov15.jpg Consumer Reports has once again recommended Tesla's Model 3 and Model S sedans as reliable, after the vehicles were previous downgraded by the organization. Consumer Reports said that the two sedans regained its recommendation due to improved reliability reports from owners of the cars, based on the results of its annual Auto Reliability Survey that were announced Thursday.

Masco Corp. (MAS) has entered into an agreement to sell Masco Cabinetry to ACProducts, Inc., owned by American Industrial Partners, for $1.0 billion, consisting of $850 million in cash and preferred stock issued by a holding company of the buyer with a liquidation preference of $150 million. Masco...

kenmore-nov15.jpg Sears Holdings recalled about 700 units of Kenmore Elite microwave ovens for possible electrical burn hazard, a statement by the U.S. Consumer Product Safety Commission said. The company said the incorrect wiring of the microwave oven causes its exterior to reach temperatures exceeding 183 degrees fahrenheit that could result in a burn hazard to the user.

Below are the earnings highlights for China Pharma Holdings Inc. (CPHI): -Earnings: -$0.70 million in Q3 vs. -$1.86 million in the same period last year. -EPS: -$0.02 in Q3 vs. -$0.04 in the same period last year. -Revenue: $2.38 million in Q3 vs. $2.30 million in the same period last year.

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