Business and Technology News

Business, Life Sciences, and Technology News

New brand-name drugs typically grab the life science headlines. A venture capital firm will invest tens of millions to develop one and a pharmaceutical company hopes to recoup hundreds of millions by selling it. But a shortage of one particular chemotherapy is showing the crucial role generic drugs play in healthcare. This week, The New […]

Even as researchers discover more links between specific proteins and human disease, it’s still hard to find small molecules or antibodies that can bind to those drug targets. San Diego biotech Plexium is the latest addition to the growing number of startups aiming to use technology to devise new drugs that can target those currently […]

Nuance Communications’ plan to lighten the clerical burden on physicians is coming into focus, and it involves an assist from tech giant Microsoft. Nuance (NASDAQ: NUAN), the 27-year-old speech recognition technology pioneer, in February revealed it’s developing a device that would sit in exam rooms and listen to conversations between doctors and patients. The system’s […]

Cell therapies are made by tinkering with a patient’s immune cells so that they can better recognize and destroy cancer cells. These drugs give patients another treatment option for certain cancers that haven’t responded to anything else. ArsenalBio CEO Ken Drazan aims to take cell therapy even further. Arsenal is developing technology that adds capabilities […]

Glenmark Pharmaceuticals, which has made generic drugs for about four decades, on Tuesday formally spun off its drug R&D unit as an independent business aiming to advance a handful of novel molecules the Indian company has developed in recent years. The new company, called Ichnos Sciences, emerges with a clinical-stage pipeline that has experimental treatments […]

Eli Lilly won FDA approval for a migraine drug on Friday, giving the pharmaceutical giant a second medication that addresses the condition that causes millions of people to experience severe headaches and other debilitating symptoms. The FDA approved the drug, lasmiditan (Reyvow), as a treatment for acute migraine; it’s meant to be taken after the […]

Section Page news and features from Crain's New York Business

The man who was hired nearly two years ago to fix the city's transit system sent a letter of resignation last week, sources told the New York Daily News and Politico.But NYC Transit President Andy...

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The Federal Reserve’s last words before two weeks of silence left traders nearly certain the central bank is about to deliver its third rate cut in a row.Futures are pricing in 23 basis points of...

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While Gary Barnett fights Upper West Side residents on one front over a condo tower under construction on West 66th Street, the businessman’s Extell Development is looking to expand its footprint on...

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SoftBank Group Corp. is assembling a rescue financing plan for WeWork that may value the office-sharing company below $8 billion, according to people familiar with the discussions.The new figure is...

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American Express's third-quarter profits rose by 8%, the credit card company said Friday, as its members spent more on its eponymous cards and more carried a balance.The New York-based company...

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National Grid President John Bruckner finally faced the news media last week over his decision to deny service to almost 4,000 homes and businesses in an effort to win approval for a pipeline to...

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The move could hamstring the Chinese tech giant if it prevents the firm’s customers from getting the latest versions of services such as Maps and Gmail.

Shareholders are voting on whether to push the tech giant to examine the human rights and financial risks of the surveillance technology.

Artificial intelligence may help doctors make more accurate readings of CT scans used to screen for lung cancer.

The great hope for people without a bachelor’s degree hasn’t yet spread beyond small-scale success stories.

When it comes to disinformation, all signs suggest the 2020 presidential campaign will make 2016 look like a mere test run, our columnist writes.

The price was relatively small, but the deal may have a big impact on the race between the United States and China to build more powerful computers.