Drugs

The pharmaceutical giant said Monday that it will pay US$229 in cash for each Seagen share.

A new UTI vaccine, MV140, is waiting for Health Canada approval.

B.C. announced in its budget last week that it would spend $119 million over three years to fund prescription contraception.

Demand for Ozempic in Canada has risen steadily over the last year, according to the Neighbourhood Pharmacy Association of Canada.

Shares of WW International Inc. closed Tuesday up 79%.

The drug, Makena, is a synthetic version of the hormone progesterone, which is needed to maintain a pregnancy. It’s the only drug with FDA approval to reduce the risk of premature birth.

The announcements follow a recall last month of eyedrops made in India that were linked to an outbreak of drug-resistant infections. One person died and at least five others had permanent vision loss.

Often already prescribed in conjunction with statins, new research finds the drug reduces risks of cholesterol-caused health problems on its own.