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Weisman covers the healthcare and life sciences industries for the Business section. He was a business reporter and editor for the Hartford Courant and the Seattle Times before joining the Globe in 2000.
Earnings rose despite a state decision to drop an assessment on the insurer’s newly acquired health insurance division.
Biopharmaceutical companies Novartis AG and Amgen Inc. have signed on as limited partners in a new $265 million venture capital fund.
The drug, called Xofigo, treats castration-resistant prostate cancer, a disease that afflicts tens of thousands of men in the US.
Two of the state’s biggest health insurance companies reported income gains, one registered lower earnings, and one posted a loss.