Aug 15 (Reuters) - Lykos Therapeutics said on Thursday it would reduce its workforce by 75% and initiate some executive changes, days after the U.S. Food and Drug Administration declined approval for its MDMA-based treatment for post-traumatic stress disorder. Lykos, formerly known as MAPS Public Benefit Corp, said its founder Rick Doblin was leaving the company's board. It said it...

03:16 PM EDT, 08/15/2024 (MT Newswires) -- The Biden administration on Thursday set out prices for 10 prescription drugs, including those from Johnson & Johnson ( JNJ ) and Merck ( MRK ) , that were selected for negotiations between the Medicare program and drugmakers under the 2022 Inflation Reduction Act. The new prices will be effective for people with...

03:15 PM EDT, 08/15/2024 (MT Newswires) -- Abercrombie & Fitch's ( ANF ) Q2 sales momentum may lead earnings per share to top estimates by 16 cents and spur a boost in 2024 guidance, UBS Securities said Thursday in a report. Wall Street is already modeling 2024 EPS above the company's implied outlook, likely limiting the extent of upward revisions...

WASHINGTON, Aug 15 (Reuters) - The U.S. State Department has approved the possible sale of up to 600 Patriot missiles to Germany for an estimated cost of $5 billion, the Pentagon said on Thursday. The prime contractor will be Lockheed Martin ( LMT ), the Pentagon said. ...