Biotech News

Traders works on the floor of the New York Stock Exchange

Wall Street's two major indexes drop; oil falls

By Sinead Carew NEW YORK (Reuters) - Major U.S. stock indexes lost ground on lackluster earnings reports on Tuesday, while oil fell on concerns about U.S. crude stockpiles and Saudi Arabia's announcement that it ended its military campaign in Yemen. The Nasdaq composite index was the brightest spot in U.S. stock markets. "We haven't seen much change in forecasts for the remainder of the year." …

  • People pose with laptops in front of projection of Google logo in this picture illustration taken in Zenica
    Fidelity cuts Google stake by nearly a third amid shift to cheaper searches Reuters - Mon, 2 Mar, 2015

    (Reuters) - One of Google Inc's largest investors has cut its exposure to the company by nearly a third over the past several months amid worries about a shift to cheaper … More »Fidelity cuts Google stake by nearly a third amid shift to cheaper searches

    People pose with laptops in front of projection of Google logo in this picture illustration taken in Zenica

    (Reuters) - One of Google Inc's largest investors has cut its exposure to the company by nearly a third over the past several months amid worries about a shift to cheaper searches on mobile phones. The $107 billion Fidelity Contrafund cut its stake in Google to 5.2 percent of net assets as of Jan. 31, from 7.3 percent …

  • Plunge in oil price seen as opportunity for Alberta biotech sector CBC - Wed, 25 Feb, 2015

    Alberta’s biotechnology sector could benefit from plunging oil prices and the flow of investment away from the energy industry. The province has long courted companies … More »Plunge in oil price seen as opportunity for Alberta biotech sector

    Alberta’s biotechnology sector could benefit from plunging oil prices and the flow of investment away from the energy industry. The province has long courted companies involved in high-tech health and drug development, only to see them leave for the U.S. or other provinces. "They eventually follow the venture capital …

  • 'Mujahideen' talks in Iran cited in Canada train terrorism trial Reuters - Mon, 2 Feb, 2015

    Two men charged with plotting to derail a train traveling from New York to Toronto had their plans foiled by an undercover police officer who convinced them he could … More »'Mujahideen' talks in Iran cited in Canada train terrorism trial

    Two men charged with plotting to derail a train traveling from New York to Toronto had their plans foiled by an undercover police officer who convinced them he could help pull off the attack, jurors heard at the opening of their trial on Monday. One of the men, Tunisian Chiheb Esseghaier, told the undercover officer that …

  • Scientists design GMOs that can't escape into the wild CBC - Fri, 23 Jan, 2015

    Researchers have designed a new technology that could make it impossible for genetically modified organisms to escape into natural environments. A team at Yale University … More »Scientists design GMOs that can't escape into the wild

    Researchers have designed a new technology that could make it impossible for genetically modified organisms to escape into natural environments. A team at Yale University in New Haven, Conn., has designed genetically modified E. coli bacteria that need a nutrient that doesn't exist in nature. "We can grow them in our …

  • Wearable opportunities lie in chronic diseases CBC - Fri, 19 Dec, 2014

    Wearable technologies such as smart watches that offer fitness information at a glance are part of a growing industry, but health technology experts say innovators should … More »Wearable opportunities lie in chronic diseases

    Wearable technologies such as smart watches that offer fitness information at a glance are part of a growing industry, but health technology experts say innovators should focus on where the need is greatest.

  • The logo of Swiss pharmaceutical company Roche is seen outside the Shanghai Roche Pharmaceutical Co. Ltd. headquarters in Shanghai
    Roche says head of Genentech research unit to retire Reuters - Fri, 12 Dec, 2014

    ZURICH (Reuters) - Roche said the head of research operations at its subsidiary Genentech would retire at the end of the year, the latest in a string of executives to … More »Roche says head of Genentech research unit to retire

    The logo of Swiss pharmaceutical company Roche is seen outside the Shanghai Roche Pharmaceutical Co. Ltd. headquarters in Shanghai

    ZURICH (Reuters) - Roche said the head of research operations at its subsidiary Genentech would retire at the end of the year, the latest in a string of executives to leave the Californian biotech unit. The Swiss firm said on Friday Richard Scheller, 61, had decided to retire as head of Genentech Research and Early Development …

  • Multiple Sclerosis project targets earlier detection
    Multiple Sclerosis project targets earlier detection CBC - Wed, 5 Nov, 2014

    Albertans with multiple sclerosis are hoping a research project at the University of Alberta will lead to earlier detection and better treatment of the disease. “Having … More »Multiple Sclerosis project targets earlier detection

    Multiple Sclerosis project targets earlier detection

    Albertans with multiple sclerosis are hoping a research project at the University of Alberta will lead to earlier detection and better treatment of the disease. “Having this research done right here in Alberta is quite significant and exciting because MS is a terrible disease,” said Julie Kelendorfer, an MS patient who …

  • Glowing Plant seeds expected to ship in December CBC - Thu, 9 Oct, 2014

    San-Francisco startup Glowing Plant will ship the first version of its flagship product starting in December, the company said in an update on its blog today. The seeds … More »Glowing Plant seeds expected to ship in December

    San-Francisco startup Glowing Plant will ship the first version of its flagship product starting in December, the company said in an update on its blog today. The seeds belong to arabidopsis plants, which are related to mustard and cabbage. "Really, the goal of our plant project is to create a product that symbolizes …

  • Texas Presbyterian Hospital Dallas Ebola (Jason Sickles, Yahoo News0
    First Ebola case diagnosed in the United States - CDC Reuters - Tue, 30 Sep, 2014

    By Julie Steenhuysen and Sharon Begley (Reuters) - U.S. health officials said on Tuesday the first patient infected with the deadly Ebola virus had been diagnosed in … More »First Ebola case diagnosed in the United States - CDC

    Texas Presbyterian Hospital Dallas Ebola (Jason Sickles, Yahoo News0

    By Julie Steenhuysen and Sharon Begley (Reuters) - U.S. health officials said on Tuesday the first patient infected with the deadly Ebola virus had been diagnosed in the country after flying from Liberia to Texas, in a new sign of how the outbreak ravaging West Africa can spread globally. The patient sought treatment six …

  • A Google search page is seen through a magnifying glass in this photo illustration taken in Brussels
    Google buys high-tech spoon maker, expands healthcare focus Reuters - Wed, 10 Sep, 2014

    Google Inc has acquired the maker of a high-tech spoon that helps people suffering from neurodegenerative tremors to eat, the Internet company's latest foray into the … More »Google buys high-tech spoon maker, expands healthcare focus

    A Google search page is seen through a magnifying glass in this photo illustration taken in Brussels

    Google Inc has acquired the maker of a high-tech spoon that helps people suffering from neurodegenerative tremors to eat, the Internet company's latest foray into the healthcare and biotechnology market. The company is joining the Google[x] division, which focuses on projects such as self-driving cars and drones and which …

  • Mount Sinai Hospital is pictured in the Manhattan borough of New York
    In quest for next windfall, tech funds look to healthcare Reuters - Wed, 3 Sep, 2014

    By David Randall and Christina Farr NEW YORK (Reuters) - Some of the best-known technology investors are looking beyond their tried-and-true Internet plays to bet on … More »In quest for next windfall, tech funds look to healthcare

    Mount Sinai Hospital is pictured in the Manhattan borough of New York

    By David Randall and Christina Farr NEW YORK (Reuters) - Some of the best-known technology investors are looking beyond their tried-and-true Internet plays to bet on healthcare data as the next growth market. Venture capital firms and portfolio managers of large mutual funds are among those investing in companies that …

  • Canadians' science literacy ranks 1st among 35 countries CBC - Thu, 28 Aug, 2014

    Canadians are among the most scientifically literate people in the world, a new report reveals. A new report, Science Culture: Where Canada Stands, released today by … More »Canadians' science literacy ranks 1st among 35 countries

    Canadians are among the most scientifically literate people in the world, a new report reveals. A new report, Science Culture: Where Canada Stands, released today by the Canadian Council of Academies found that 42 per cent of Canadians have a basic level of scientific literacy necessary to understand media reports about …

  • The Pfizer logo is seen at their world headquarters in New York
    Pfizer's need for deal looms larger with earnings report Reuters - Mon, 28 Jul, 2014

    By Ransdell Pierson NEW YORK (Reuters) - Pfizer Inc's vulnerability to cheaper generics and its weak roster of experimental medicines will be on display Tuesday when … More »Pfizer's need for deal looms larger with earnings report

    The Pfizer logo is seen at their world headquarters in New York

    By Ransdell Pierson NEW YORK (Reuters) - Pfizer Inc's vulnerability to cheaper generics and its weak roster of experimental medicines will be on display Tuesday when the company reports quarterly earnings, reviving interest in its pursuit of AstraZeneca Plc or other deals to fortify its pipeline. While many industry watchers …

  • 1st Canadian patient to receive new liver therapy doing well
    1st Canadian patient to receive new liver therapy doing well CBC - Fri, 25 Jul, 2014

    The first Canadian patient to receive an experimental transplant of liver cells in Alberta two years ago is now a healthy toddler, her doctors say. Nazdana Jan, of Winnipeg, … More »1st Canadian patient to receive new liver therapy doing well

    1st Canadian patient to receive new liver therapy doing well

    The first Canadian patient to receive an experimental transplant of liver cells in Alberta two years ago is now a healthy toddler, her doctors say. Nazdana Jan, of Winnipeg, received her transplant in November 2012 when she was two months old from a team at the Alberta Children's Hospital in Calgary in an effort to help …

  • Pesticides linked to bee deaths must be banned, scientists say CBC - Tue, 24 Jun, 2014

    Scientists want two commonly used pesticides banned around the world for helping cause the mass deaths of bees and harming the ecosystem. More »Pesticides linked to bee deaths must be banned, scientists say

    Scientists want two commonly used pesticides banned around the world for helping cause the mass deaths of bees and harming the ecosystem.