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CVS warns new cholesterol drugs could break the health care bank

2015-02-18 19:43:30| Biotech - Topix.net

CVS Health on Monday warned that costs of a potent new class of cholesterol treatments and other specialty drugs in development could eclipse those of expensive new medicines and overwhelm the health care system "if rigid cost control mechanisms are not put in place." CVS, the second largest U.S. pharmacy benefit manager which negotiates drug prices for 65 million people through contracts with employers and health plans, noted that two of the new injectable cholesterol fighters - called PCSK9 inhibitors - could be approved by mid-2015 and likely each cost $7,000 to $12,000 a year.

Tags: health care break bank

 

Kering FY profit jumps but warns on outlook

2015-02-17 11:07:00| Daily apparel & textile news and comment - from just-style.com

Kering has booked a jump in full-year earnings but warned that continuation of an unsettled economic environment and currency trends will have a mixed effect on group results.

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NASA climate study warns unprecedented North American drought

2015-02-16 15:03:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: California is in the midst of its worst drought in over 1,200 years, exacerbated by record hot temperatures. A new study led by Benjamin Cook at Nasa GISS examines how drought intensity in North America will change in a hotter world, and finds that things will only get worse. Global warming intensifies drought in several ways. In increases evaporation from soil and reservoirs. In increases water demand. It makes precipitation fall more as rain and less as snow, which is problematic for regions like...

Tags: north american study climate

 

Libya Warns of Complete Oil Shutdown as Attacks Escalate

2015-02-15 13:54:09| Oil & Gas - Topix.net

Smoke rises from the port of the eastern Libyan city of Benghazi during clashes between forces loyal to the internationally recognised government and militias, on Feb. 14, 2015. Photographer: Abdullah Doma/AFP via Getty Images -- Libya's state-run oil company warned that it would shut production at all fields if authorities in the divided nation fail to contain an escalation of attacks on facilities that cut crude output to a year-low.

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'Digital Dark Age' Imminent Warns 'Father of the Internet'

2015-02-14 01:07:39| TechNewsWorld

"Old formats that contain documents, photos and other data may not be readable with the latest version of the software," warned Vint Cerf, vice president and chief Internet evangelist for Google. Cerf added that backwards compatibility is not guaranteed, and over time there could be vast archives of digital content that becomes lost because it simply can't be accessed.

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