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Europe Hits China With Medical Devices Probe Before Xi Visit

The European Union launched an investigation into China’s procurement of medical devices, the latest in a spate of actions that are raising tension ahead of President Xi Jinping’s first visit to the bloc in five years.

Nursing Homes, HHS on Collision Path Over Staffing Mandate

The Biden administration’s push to improve nursing home care through better staffing—and the industry’s insistence that it needs more workers and funding to make it happen—could set the stage for intervention by Congress or the courts.

Sanofi Said to Ask Banks to Pitch for $20 Billion Spinoff

French drugmaker <-bsp-bb-link state="{"bbHref":"bbg://securities/SAN%20FP%20Equity/CACS","_id":"0000018f-0f4c-d583-afbf-cfdcfb9e0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Sanofi has asked banks to pitch for roles on the separation of its consumer-health business, according to people familiar with the matter, one of the biggest deals likely to happen in Europe this year.

Pharma Giants Fight for Covid Vaccine Profits in UK Trial

Moderna Inc.’s patents for Covid-19 vaccine must be declared invalid, Pfizer Inc argued at the start of a UK patent dispute that could help decide how billions of dollars in vaccine profits are shared between the pharmaceutical firms.

Ex-Stanford President’s AI Drug Startup Pulls in $1 Billion

<-bsp-person state="{"_id":"0000018f-0d51-d583-afbf-cfdd10150000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Marc Tessier-Lavigne, the former president of <-bsp-bb-link state="{"bbHref":"bbg://securities/8178942Z%20US%20Equity","_id":"0000018f-0d51-d583-afbf-cfdd10150001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Stanford University who resigned last year after questions arose about his scientific research, has a new job as chief executive officer of a drug development startup.