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The Food and Drug Administration approved Ion Beam Applications' new super conducting accelerator for Proteus One, an intensity modulated proton therapy system used to treat patients with cancer.

Here are the four latest medical devices approved by the Food and Drug Administration.

T. Rowe Price Group, one of the largest investment managers in the world, is suing Valeant Pharmaceuticals over billions of dollars it lost due to the Canadian drugmaker's alleged 'fraudulent scheme,' reported Reuters.

Democratic presidential nominee Hillary Clinton said it is not fair for Americans to pay higher prices for prescription drugs than other countries and promised to fight the high costs during a campaign event in Cleveland on Wednesday, reported The Hill.

The Food and Drug Administration recently approved a new contact lens for the treatment of corneal edema —an eye condition that causes swelling, fluid build up, blurred vision, haziness and scarring.

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