6.3%: Beginning January 1, several pharmaceutical companies raised the prices of drugs, with an average price increase of 6.3%. Allergan had the highest increases, according to WSJ. The company raised the price of 51 products — such as Alzheimer’s drug Namenda and dry-eye treatment Restasis — including 9.5% price raises on 27 drugs. Meanwhile, GlaxoSmithKline raised prices on 36 of its drugs, though no increases were greater than 3%. To understand how drugs, services, and money flow through the complex pharma pipeline — and to see how companies are trying to improve this opaque, inefficient system — check out our drug supply chain report.
9: Biopharmaceutical giant Bristol-Myers Squibb has announced plans to acquire rival Celgene Corp in a deal valued at $74B. The combined entity will have 9 products that generate $1B+ each in annual sales, including Celgene’s Revlimid, which treats multiple myeloma, and Bristol’s Opdivo, a lung cancer treatment. We recently discussed Celgene in our Future of Aging report — read about it here.
71%: As you might expect, the top New Year’s resolutions for 2019 are largely focused on health and wellness: 71% of Americans are hoping to eat better this year, while 65% want to exercise more, 21% want to quit smoking, and 15% want to drink less alcohol. As consumers become increasingly focused on personal well-being, companies are jumping on the wellness trend, offering everything from on-demand fitness solutions to vitamin-infused foods to non-toxic beauty products. Check out how wellness is affecting nutrition, apparel, sleep, and more in our wellness report.
-57.1%: In 2018, semiconductor company AMD took the top spot as the year’s best-performing stock, with a 79.8% increase in stock price. Keurig Dr. Pepper (up 61.6%), Trip Advisor (55.8%), and Chipotle (48.8%) were also among the top 5 best performers. At the other end of the spectrum, L Brands and GE each took a -57.1% hit over the year, making them 2 of the 5 worst-performing stocks of 2018. (Clients can read more about L Brands’ rocky year in a client note here.)
21: As Google’s Waymo branch begins testing its self-driving cars in Chandler, Arizona, the service isn’t popular with everyone. There have reportedly been at least 21 attacks on Waymo vans, ranging from slashed tires to thrown rocks at the vehicles. Despite setbacks, Waymo vans are still logging some 25,000 miles per day on Arizona roads. Curious what other cos are working to make driverless a reality? Here are 46 corporations working on autonomous vehicles.