Altria investors don't seem to like the prospects for the cigarette maker under the new acting FDA commissioner.
div > div.group > p:first-child"> The company's stock fell to their lows of the day, trading around 0.3 percent lower, after National Cancer Institute Director Ned Sharpless was named interim head of the agency.
Sharpless' naming comes after Scott Gottlieb resigned last week from his post as FDA commissioner. Gottlieb called the use of e-cigarettes an"epidemic." He also threatened to pull all e-cigarette products if things did not improve.
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National Cancer Institute Director Ned Sharpless will be acting FDA commissionerNational Cancer Institute Director Ned Sharpless will serve as acting FDA Commissioner when Scott Gottlieb steps down from the agency next month, Health and Human Services Secretary Alex Azar said Tuesday.
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FDA approves first immunotherapy regimen for breast cancerThe US Food and Drug Administration granted its first approval to an immunotherapy regimen for breast cancer, the agency announced Friday. The drug, Genentech's Tecentriq, was approved for use in combination with Abraxane chemotherapy for patients who have a type of advanced triple negative breast cancer.
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FDA Commissioner Gottlieb, who raised alarms about teen vaping, resignsFDA Commissioner Scott Gottlieb, who raised national alarms about teenage vaping, is resigning
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Silicon Valley just lost a friend with the exit of Gottlieb from the FDASilicon Valley's tech companies like Apple and Alphabet had an ally in FDA commissioner Scott Gottlieb.
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Birth control recall: Pregnancy risk warning issued by FDA after 'packaging error'The FDA warned those using the affected drugs to use alternative precautions to prevent pregnancy.
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FDA chief Gottlieb's departure might not actually be a good thing for vaping industrySome have called FDA Commissioner Scott Gottlieb's resignation a boon for the e-cigarette industry. It may prove more complicated.
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FDA Commissioner Scott Gottlieb is resigning
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Biotech shares continue to fall on FDA uncertaintyThe biotech sector is on pace for its worst weekly decline since December, weighed down in part by uncertainty following this week's surprise announcement from FDA chief Scott Gottlieb that he will be stepping down next month.
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Biotech stocks fall after FDA chief Scott Gottlieb resignsThe IBB, an ETF that tracks biotech's biggest players, was down more than 2 percent Wednesday, on pace for its worst day since February 7 when it lost 2.5 percent.
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FDA finds asbestos in three products sold by Claire'sThe FDA calls on Congress to modernize cosmetics safety rules after issuing an alert about asbestos contamination detected in three products sold by retailer Claire's
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