Palantir stock fell over 4% to $72.67 amid profit-taking as it prepares to join the Nasdaq 100 on December 23. Despite a remarkable 300% increase this year, analysts caution against chasing the stock due to its high valuation and significant gains above key moving averages.
AbbVie is set to acquire Nimble Therapeutics for $200 million, enhancing its pipeline of oral peptide drugs targeting immune diseases like psoriasis and inflammatory bowel disease. Nimble's lead candidate aims to inhibit IL-23, similar to AbbVie’s Skyrizi, but offers an oral delivery method. This acquisition marks AbbVie’s third buyout of an immune drug developer this year, reflecting a strategic push to strengthen its immunology portfolio.
Bristol Myers Squibb has filed a lawsuit against the federal government over a rejected plan to implement a 340B rebate model for drug discounts to hospitals, claiming the decision by HHS was unlawful. The company argues that its model would enhance compliance and transparency while addressing issues of abuse within the program. BMS intends to start this model with its Eliquis product in spring 2025, despite HHS's disapproval citing statutory inconsistencies.
The global market for premature ejaculation treatment is projected to grow from $3.75 billion in 2024 to $7.59 billion by 2032, driven by increased awareness, innovative treatment options, and the impact of the COVID-19 pandemic on healthcare access. Key players like Pfizer and Eli Lilly are focusing on R&D and collaboration to enhance their market presence. Stigma and cultural barriers remain significant challenges to market growth, despite a rising acceptance of sexual health issues.
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