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Switzerland-based Novartis will disband its cell and gene therapy unit, incorporating the division's operations into other areas of the company, reported Reuters. The restructuring will eliminate 120 positions,but most of the employees will be reassigned to new roles within the…

Chocolate is not the only thing Nestlé has on its radar. The Swiss company will buy Phagenesis, a Britain-based medical device maker, for an undisclosed amount. The acquisition represents Nestlé's aim to shift more focus away from the food industry…

Here are the four latest medical devices or drugs approved by the U.S. Food and Drug Administration.

Mylan recently unveiled a $300 generic version of its EpiPen medication following controversy over the high price of the life-saving treatment. While consumers will pay less for the new unbranded EpiPen, Mylan could actually make more money from the generic…

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