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Biotechnology and Pharmaceuticals

FDA approves Bristol Myers Squibb’s schizophrenia drug

Cobenfy drug from Bristol Myers Squibb Courtesy: Bristol Myers Squibb The Food and Drug Administration gave approval Thursday Bristol Myers SquibbCobenfy, the highly anticipated schizophrenia drug, is the first novel treatment for the debilitating, chronic mental disorder in more than…

$1 billion in cost reductions, 10 product launches planned

Exterior view of Moderna headquarters, Cambridge, Massachusetts, USA. Plexi images | Universal Images Group | Getty Images Moderna announced on Thursday that the company plans to cut spending by about $1.1 billion by 2027 and seek approvals for several new…