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Acquisition of Covidien bumps Medtronic's first-quarter sales by 12%
Leading medical-device maker Medtronic on Thursday reported a 12% jump in revenue for the first quarter of its fiscal 2016 over the same period last year, driven by its purchase of surgical-device maker Covidien in January.

Sandoz launches sale of biosimilar Zarxio
The first biosimilar medication approved in the U.S. made its way to the market on Thursday, ushering in a new era of competition between such drugs and the original high-cost biologic therapies they emulate.

Highmark losses mount for ACA exchange plans, Allegheny Health Network
Highmark Health reported an operating loss of $171 million during the first six months of the year as losses soared for health plans sold in Affordable Care Act exchanges.

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