Healthcare on the rise amid cyclical biases – Health Care Review

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Healthcare companies rose, but not as much as the broader market as traders returned to cyclical sectors.

India’s true tally of Covid-19 deaths from a devastating spring outbreak is likely nearly 10 times higher than the country’s official tally, making the pandemic one of the worst tragedies to ever hit the country. South Asian nation, according to a new study.

At the height of the Indian epidemic in April and May, hospitals across the populated nation were forced to turn people away, and they often died at home, never being tested, according to the study, which was released. by a former economic adviser to the Indian government and researchers from Harvard University and the Center for Global Development.

The country’s three largest drug distributors, McKesson, AmerisourceBergen and Cardinal Health have agreed to pay New York State up to $ 1.2 billion to settle an ongoing lawsuit accusing the companies of helping fuel widespread opioid addiction, as negotiators move closer to a broader national resolution. thousands of similar lawsuits.

Healthcare conglomerate Johnson & Johnson has hired law firm Jones Day to advise the company as it plans to bankrupt a subsidiary to help settle thousands of personal injury claims linking baby powder to talcum based cancer, the Wall Street Journal reported.

 Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

July 20, 2021 5:28 pm ET (9:28 pm GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.


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