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A safety monitoring system flagged that U.S. drugmaker Pfizer Inc and German partner BioNTech’s updated COVID-19 shot could be linked to a type of brain stroke in older adults, according to preliminary data analyzed by U.S. health authorities.
Dec 3 (Reuters) - Anglo-Swedish drugmaker AstraZeneca has signed a deal worth up to $247 million with U.S. artificial intelligence (AI) biologics firm Absci to design an antibody to fight cancer, the Financial Times reported on Sunday.
Japan’s Astellas Pharma said Monday that it has agreed to buy U.S. drugmaker Iveric Bio for about $5.9 billion in its biggest acquisition, giving it access to a range of ophthalmology treatments.
Source: https://www.japantimes.co.jp/news/2023/05/01/business/astellas-iveric-bio-acquisition/
Millions of patients and their caregivers breathed a collective sigh of relief when drugmaker Eli Lilly recently announced its new experimental Alzheimer’s medication appears to slow cognitive decline by 35 percent.
Novo Nordisk’s CEO said the Danish company would limit price increases to “single digits” while French drugmaker Sanofi’s CEO said his company has a “responsible pricing policy.”
Novo Nordisk's stock price kept climbing in European trading on Tuesday morning after the Danish drugmaker dethroned French LVMH (Louis Vuitton Moet Hennessy) as the continent's most valuable company, based on its market capitalisation.
One large drugmaker abandoned plans to acquire a smaller rival after estimating the deal would take 24 months to get the necessary approvals, a person familiar with the matter said.
Source: https://www.insurancejournal.com/news/national/2023/05/10/720312.htm
People not already covered by Medicare should only pay $35 per month for insulin after drugmaker Eli Lilly announced its plans to reduce the cost of the life-saving medication after intense public pressure surrounding the cost of the drug.
Since 2020, the drugmaker has committed around $4 billion to new manufacturing facilities in North Carolina, including $1.7 billion for the development and expansion of its site at Research Triangle Park.
The panel of Food and Drug Administration experts voted 17-1 that drugmaker Brainstorm’s stem cell-based treatment has not been shown effective for patients with the fatal, muscle-wasting disease known as ALS, or amyotrophic lateral sclerosis.
Under the terms, Pfizer would pay $229 a share in cash, the drugmaker said today.
Source: https://www.businessreport.com/newsletters/roundup-fentanyl-sentences-pfizer-deal-mortgage-rates
US drugmaker Eli Lilly and Co watched its stock tumble over 4 percent and was forced to apologize after a Twitter user impersonating its official account posted "insulin is free."
U.S. drugmaker Pfizer Inc and German partner BioNTech’s updated COVID-19 shot could be linked to a type of brain stroke in older adults, according to preliminary data analyzed by U.S. health authorities.