Zero-Sales Biotechs May Damage Your Financial Health

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China's biotech unicorns are chasing a big prize. Landing it may prove elusive. BeiGene Ltd. raised $903 million in a secondary listing in Hong Kong last week. The company’s market value has swelled to $9.4 billion since its 2016 initial public offering on the Nasdaq, despite the firm being at the “clinical stage”– a euphemism for having sales. Competitor […]

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Did Chris Collins Forget the Martha Stewart Trial?

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The day after Christmas 2001, Sam Waksal, the chief executive of ImClone Systems, began selling off shares in the company after learning that the Food and Drug Administration according to the indictment. Then Cameron Collins gave the information to his future father-in-law, Stephen Zarsky. Cameron Collins also told his fiancée and his future mother-in-law. They […]

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First Marijuana-Based Medicine Is Approved for Sale in U.S.

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The first-ever medical treatment derived from a marijuana plant will hit the U.S. market in a few months after regulators on Monday gave the epilepsy treatment the green light. The Food and Drug Administration approved Photographer: Kathy Young/AP Epilepsy patients and doctors have long had interest in marijuana’s therapeutic potential. The approval marks the first […]

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The FDA has approved a blood sugar monitor that doesnt require a finger prick

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Further proof the U.S. Food and Drug Administration has been warming up to modern technology — it has just approved the first continuous blood sugar monitor that doesn’t require the user to prick themselves over and over for a blood sample. Today, the FDA cleared Abbot’s FreeStyle Libre Flash Glucose Monitoring System, a device that […]

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