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Legend Naming Novartis Executive as CEO
The Wall Street Journal9d agoneutral
Legend Naming Novartis Executive as CEO

Ingrid Zhang will take the helm of the cancer therapy company, filling a post vacant since its previous CEO abruptly resigned in July.

IP Group H1 Earnings Call Highlights
MarketBeat9d agoneutral
IP Group H1 Earnings Call Highlights

IP Group (LON:IPO) reported higher net asset value, strong cash realizations and broad portfolio activity in the first half of 2026, while management said it remains focused on converting portfolio value into shareholder returns. Net asset value per share increased 3.2% during the half year to 114p

Pfizer Makes an Unusual Enemy in $2 Billion Fight Over Unwanted Covid-19 Vaccines
The Wall Street Journal11d agoneutral
Pfizer Makes an Unusual Enemy in $2 Billion Fight Over Unwanted Covid-19 Vaccines

Pfizer is taking aim at an unusual target in its quest to get paid for millions of unwanted Covid-19 vaccines: air-traffic controllers. The drug giant has pursued European governments seeking to enforce pandemic-era contracts to buy billions of dollars’ worth of vaccines that haven’t yet been made and are no longer needed. In April, it won a yearslong legal fight to hold Poland and Romania to deals for more than 90 million shots.

Paramount Turns to a Heavy-Hitting Lawyer Who Likes Tough Clients
The Wall Street Journal27d agoneutral
Paramount Turns to a Heavy-Hitting Lawyer Who Likes Tough Clients

David Ellison needed more legal muscle. After Paramount suffered a bruising July hearing in its fight with a coalition of state attorneys general trying to block its $81 billion acquisition of Warner Bros. Discovery Ellison picked up the phone and called a lawyer used to hearing from CEOs in a jam: Beth Wilkinson. Wilkinson has successfully defended the National Football League and pharmaceutical giant Pfizer as well as Supreme Court Justice Brett Kavanaugh against accusations of sexual assault in his confirmation hearings, making her a go-to trial lawyer in high-stakes cases.

⚡Flash Heard: Why Healthcare Is Partying Like It’s Late 2020
The Wall Street Journal36d agoneutral
⚡Flash Heard: Why Healthcare Is Partying Like It’s Late 2020

Moderna and Merck are surging today after the two companies said their experimental mRNA-based treatment succeeded in a late-stage study of high-risk melanoma patients. The SPDR S&P Biotech ETF (XBI) jumped nearly 5%, while the NYSE Arca Pharmaceutical Index climbed over 3%. A positive clinical-trial result typically moves the companies developing the drug—and perhaps their closest competitors—not the entire healthcare sector.

Valneva Q2 Earnings Call Highlights
MarketBeat42d agoneutral
Valneva Q2 Earnings Call Highlights

Valneva (NASDAQ:VALN) reported lower first-half revenue and wider losses for 2026, while maintaining its full-year sales outlook and emphasizing its cash position, restructuring measures and expectations for regulatory progress on its Lyme disease vaccine candidate with Pfizer. CEO Thomas Lingelbac

Deal or No Deal, AstraZeneca Stock Is a Bargain
The Wall Street Journal49d agoneutral
Deal or No Deal, AstraZeneca Stock Is a Bargain

Few big-pharma bosses enjoy a stronger reputation on Wall Street than AstraZeneca’s chief executive, Pascal Soriot. After plunging on a Financial Times report of merger discussions with Bristol-Myers Squibb shares of AstraZeneca recovered somewhat when Reuters reported there are no ongoing talks. After rebuffing Pfizer’s $120 billion takeover bid in 2014, he steadily transformed AstraZeneca into one of the drug industry’s top growth stories.