The Weekly Summary

ISIS-caravanJune 8th – June 14th

In the general news, the U.S. is sending several thousand more troops to Iraq to help “advise” the Iraqi forces as they battle ISIS. From China, it was learned that hundreds of thousands of U.S. government employees, including those from the CIA, had their personal information hacked by Chinese operatives. In the states, President Obama was defeated by his own party when his trade bill died. Lastly, Twitter’s CEO, Dick Costolo, was pushed out.

In healthcare business news, it was a slow week. MannKind (MNKD) shares spiked on rumors that Sanofi would help to market Afrezza.

From the FDA, two panels voted to approve two drugs in the anti-PCSK9 class that lower LDL cholesterol. Regeneron (REGN) is developing Praluent, and Amgen (AMGN) is developing Repatha. Also, Dexcom’s (DXCM) G4 glucose monitor was approved.

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