Runaway obesity drug demand drives Novo Nordisk profit boost

Danish drugmaker’s shares rise 260% since Wegovy’s US launch

Life Healthcare flags first-half earnings leap

Several items affected the results including the completion of the sale of AMG

Philips shares jump on $1.1bn US settlement

The medical devices maker agrees to settle all personal injury claims in the country, ending uncertainty that had slashed its market value

UnitedHealth says hack will cost it $1.6bn in 2024

The conglomerate has nevertheless maintained its earnings forecast

Hundreds of websites found selling fake weight-loss drugs

Cybersecurity firm targets platforms that offer GLP-1 drugs such as Ozempic and Mounjaro

Life Healthcare shakes up its executive

The reconstituted exco will continue to be led by Peter Wharton-Hood as the CEO.

Aspen expands China interests as Sandoz deal gets green light

The pharmaceutical group has received the necessary regulatory approvals from Chinese authorities to conclude two linked transactions

Ascendis reports improvement in first-half earnings

The company is in the process of delisting and shareholders have been offered 80c per share

Phase 3 TB vaccine trial gets under way in SA

SA’s high TB burden and strong clinical trial infrastructure allows it to play a key role in the trial, which aims to enrol 20,000 volunteers

RMB Ventures and Bopa Moruo buy majority stake in Icon Oncology

Icon has clinical protocols, formularies and funding models used by more than half the medical scheme market

Eli Lilly signs deal with Amazon to deliver medicines

Drugmaker is also considering partnership with a retail pharmacy to offer a collect option for customers

Probe clears Mediclinic of billing fraud

The ENSafrica investigation included interviews with hospital staff and a review of more than 120,000 emails and documents

Novo Nordisk to present updates on trial drug and Wegovy supply issue

The company is racing to increase output of the weight-loss drug Wegovy amid shortages

WATCH: Aspen interim earning drop 6%

Business Day TV speaks to CEO Stephen Saad

Aspen aims to put loss-making factories to work

Drugmaker expects to finalise deals within the next six months to help use idle capacity