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Gilead to buy cancer drugmaker Immunomedics for $21 billion
(Reuters) – Gilead Sciences Inc will acquire biotech company Immunomedics Inc for $21 billion, a move that will strengthen its cancer portfolio by gaining access to a promising drug, the two companies said in a joint statement on Sunday.
The deal provides Gilead access to Immunomedics’ breast cancer treatment drug Trodelvy, which was granted an accelerated FDA approval in April for an aggressive and tough to treat type of breast cancer.
Gilead said it would issue a tender offer to buy all the outstanding shares of Immunomedics for $88 per share, representing a premium of about 108% over their last closing price of $42.25 on Sept. 11.
“This acquisition represents significant progress in Gilead’s work to build a strong and diverse oncology portfolio,” Gilead Chief Executive Officer Daniel O’Day said in a statement. “Trodelvy is an approved, transformational medicine for a form of cancer that is particularly challenging to treat. We will now continue to explore its potential to treat many other types of cancer.”
Immunomedics is also on track to file for regulatory approval for Trodelvy in Europe in the first half of 2021, according to the statement.
The deal shows renewed industry confidence in an approach in oncology to pair antibodies with toxic agents to fight cancer.
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Best Medical Insurance Plans 2020 to Choose For Wellness and Health!
Compare USA best medical insurance plans for 2020. Everybody is keen on reliable healthcare insurance coverage. Over the years, medical bills have become expensive and complicated. This has increased the need for legit healthcare support. If you are searching for reliable health coverage schemes, here is a quick walk through best medical insurance plans for 2020 in USA.
Best Medical Insurance Plans #1 – Express Scripts
The list of best medical insurance plans begins with “Express Scripts”. The American based company is extremely famous for its drug utilization program, management services, drug data analysis services and exquisite benefit-design consultation help. It is an ideal plan for government agencies, self insured employers and individuals from the military.
Best Medical Insurance Plans #2 – United Healthcare
United Healthcare is well known for its best medical insurance plans. It is an operating unit of the UnitedHealth Group. In fact, United Healthcare is the largest healthcare carrier in the nation. It has more than 7+ million people in its directory. Apart from fine-tuned health insurance schemes for individuals, United Healthcare supports Medicaid programs and state-sponsored initiatives too.
Best Medical Insurance Plans #3 – Blue Cross Blue Shield
The collection of best medical insurance plans will remain incomplete without “Blue Cross Blue Shield”. It is a federation that combines 37 healthcare companies (separate) and organizations in United States. Conversely, they offer health insurance coverage to more than 100+ million people. BCBSA serves as one of the prime administrators of Medicaid in many regions of United States. In terms of numbers (enrolled number of insurance policy holders), Blue Cross Blue Shield Association is the biggest in the nation (or even in the world).
Best Medical Insurance Plans #4 – Aetna
Another prominent player in offering best medical insurance plans would be Aetna. Some of its best medical insurance plans are out-of-the-box and truly useful. Aetna has being in the industry for a very long time! Being one of the largest healthcare insurance providers in the market, Aetna covers a wide range of health issues. From dental to group life disability to drug services to employee benefits to long term care insurance, Aetna has a plan for everyone in the family. Hence, it is one of the finest health insurance companies to work with! In fact, Aetna delights employers with special benefit programs and insurance facilities through Medicare.
Best Medical Insurance Plans #5 – Molina Medicaid Solutions
Molina Medicaid Solutions is also one of the best medical insurance plans & service providers. The organization adheres to wholly-owned subsidiary. Apart from best medical insurance plans, Molina is well-known for it’s IS design, operation expertise and technological advancement. It is fine-tuned to meet up with the high standards and expectations laid by the Medicaid Information Technology
Architecture (MITA). Molina uses a special Health PAS system to help insurance policy holders on the go! Health PAS is a web based solution that uses a local MMIS unit to find patient data, plan benefit and authorize services. Additionally, the PAS System has a comprehensive online portal that provides essential details in just few clicks of a button.Best Medical Insurance Plans #6 – Cigna
Cigna is ranked amongst the very few companies with best medical insurance plans that can support you when expenses that are not covered by your major healthcare policy arise. For instance, some medical insurance schemes don’t handle accidents or unexpected diseases. In such situations, Cigna’s Supplemental insurance will lend you a hand of help. The insurance service providers will support you with direct cash, when the need arises. This cash can be used for daily expenses and out-of-the-pocket medical bills. Supplemental insurance from Cigna is certainly one of the best medical insurance plans you can avail, since it pays during both recovery and treatment!
Best Medical Insurance Plans #7 – Humana
Next in the line of best medical insurance plans comes from “Humana”. The insurance policy is meant for families and individuals. The service provider focuses on a discreet motto. It revolves around health and gives people a choice to live well! Humana offers a wide range of best medical insurance plans. This covers vision plans, medical assistance, dental schemes and life insurance policies. Humana stresses on the need for personalized support and affordable insurance help. For instance, individuals who combine vision plans and dental schemes will save at least 35 USD. Humana has many Veteran Packages that are meant for families and US Veterans. As a result, you will have the wit to pull together a healthier you and stronger tomorrow!
Best Medical Insurance Plans #8 – Kaiser Permanente
Moving on, Kaiser Permanente has some of the best medical insurance plans in the market. The service provider makes life easier by offering better coverage and care. They are not deemed as typical healthcare providers with best medical insurance plans. Instead, they thrive hard to support everyone with health needs! To be more precise, Kaiser Permanente has paired with local communities like fitness establishments and farmers’ markets to promote health. Kaiser Permanente is a healthcare company that focuses on preventive wellness and overall care. They provide many wellness programs, routine appointments and preventive screenings that can remove sicknesses from your life!
Best Medical Insurance Plans #9 – Celtic Healthcare
Celtic Healthcare too has some of the best medical insurance plans you can find. They are passionate and innovative leaders in healthcare. They have many schemes to promote quality and enhanced healthcare for the lives for both families and corporate organizations. Celtic’s best medical insurance plans provide support during three different stages namely, medical treatment, recovery and aging. Their best medical insurance plans have the following features:
- Round the clock nursing services.
- Endless amount of care, physical support, spiritual assessment and emotional upliftment.
- Celtic offers a special Palliative care program. It has exquisite inpatient hospice facilities too!
Best Medical Insurance Plans #10 – Altius
Last in the list of best medical insurance plans comes from Altius. They offer different types of products like prescription coverage, network coverage and special services. As suggested by its name, prescription coverage deals with dependable health care that handles medical prescriptions. It will help you by drugs at an affordable price! And, in terms of network coverage, Altius has more than 5000+ participating hospitals.
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Flynn attorney blasts law firm’s ‘lame excuses’ for failing to turn over all its documents
Michael Flynn’s attorney said the high-powered D.C. law firm that formerly represented him has offered “lame excuses” for failing to turn over all its documents related to his criminal case.
Sidney Powell, who took over Flynn’s defense from Covington & Burling law firm last summer, said the firm still has not provided critical materials.
“This is not a minor squabble about legal fees or copying costs,” Ms. Powell wrote in the filing late Wednesday. “This is a changing of the guard in a criminal case in which the client’s life, liberty and reputation are at stake.”
Ms. Powell, a fiercely outspoken attorney, suggested that Covington doesn’t want to turn the documents over because they could show malfeasance by Flynn’s former lawyers.
“The firm’s former client is alleging that his freedom is at stake in many ways because of his former lawyers’ malfeasance and misfeasance,” she wrote. “Evidence of that will provide his right to withdraw his plea and correct an egregious injustice he would not have suffered had he been represented by an unconflicted counsel afraid to advocate zealously on his behalf.”
Ms. Powell pointed to a July 2019 court order requiring Covington to turn over all of its records related to the Flynn case to his new legal team. At the time, Covington told the court a transfer of Flynn’s 1 million-page case file was complete.
Last month, Covington said in court documents that they overlooked 6,756 documents totaling 18,960 pages. That was on top of an additional 30 pages they had also missed.
Read original story from: The Washington Times
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Health Insurers See Biggest Rout This Year on Warren’s Rise
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Six people shot at California house party that violated stay-at-home order
From: NBC News
Six people were shot, including a juvenile, at a large house party in California that violated the state’s stay-at-home order.
The shooting took place just before 12:30 a.m. on Saturday at an apartment complex in Bakersfield, in southern California, the Kern County Sheriff’s Office said in a press release.
Investigators found 94 shell casings and three live rounds at the scene, according to The Associated Press.
The victims included four women and one man along with and a juvenile female. They have all been taken to the hospital with non-life threatening injuries, the department said. Authorities are searching for four suspects.
“No arrests have been made at this time, and the investigation is ongoing,” the sheriff’s office said in its release.
Gov. Gavin Newsom issued a stay-at-home order on March 19 to help slow the spread of the coronavirus. The order says that residents should leave their homes only when necessary.
The state, which has a population of around 40 million, has had more than 21,000 confirmed cases of coronavirus infection and over 590 fatalities as of Saturday afternoon.
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Health Insurers See Biggest Rout This Year on Warren’s Rise
Health insurers can’t catch a break either from the impeachment investigation in Washington or Sen. Elizabeth Warren’s rising poll numbers, both of which are helping send the stocks lower for a fifth day, their longest losing streak since the December market rout.
The S&P 500 Managed Health Care Index fell as much as 3.8% on Thursday to the lowest since April 18, when the sector saw its biggest sell-off this year as “Medicare-for-All” proposals gained traction in Congress. Centene Corp. and UnitedHealth Group Inc. declined as much as 5% and 4%, respectively.
Impeachment inquiries into President Trump, coupled with Democratic presidential hopeful Elizabeth Warren’s momentum, are seen as boosting her odds of winning the Democratic nomination, and potentially, the presidency. That would be bad news for health investors since Warren supports a single-payer system, which if enacted, would wipe out private insurance.
Polls this week showed her leading among Democratic voters New Hampshire as well as Iowa and California, and one survey found her narrowly displacing Joe Biden at the head of the Democratic pack nationally. “At this point we think Warren has crept in as the consensus front-runner,” Jefferies health-strategist Jared Holz wrote to clients.
Even if most analysts and investors see a low chance of the U.S. implementing a government-run health-care system, “the specter of a single-payer system (even though it won’t be enacted) obliterating an industry is hard to shake,” Bloomberg Intelligence analyst Brian Rye said.
Hospitals would also be among the most hit by “Medicare-for-All” policies, Rye notes. A Bloomberg Intelligence basket fell as much as 2.6%. LHC Group, Inc., which provides home-based services through nursing agencies and hospices, fell 4.9%.
Read More: One Corner of Stock Market Signals Doubt Over Trump Re-Election
Besides political jitters, managed-care stocks have been roiled by rising medical claims, which are expected to weigh on third-quarter results. The “potent cocktail” of risk factors has sent the health insurer benchmark down 12% this year.
Culled from: Bloomberg.com
