In a statement Reckitt Benckiser said, it is boosting its production of baby formula by about 30% and increasing the frequency of deliveries to stores in order to mitigate a shortage in the U.S. supermarkets. The company which makes the baby… Read More ›
FDA
Merck & Co Inc and Ridgeback Biotherapeutics creates game changing COVID19 antiviral pill
Britain has become the first country in the world to approve a potential game-changing COVID-19 antiviral pill, which was jointly developed by US based Merck & Co Inc and Ridgeback Biotherapeutics, in its effort to fight the Wuhan Coronavirus. Britain’s Medicines… Read More ›
Arcturus Therapeutics Holdings in talks with dozen countries over COVID-19 vaccine supply agreement: CEO
In a statement, the CEO of Arcturus Therapeutics Holdings Inc disclosed, the U.S.-based company is in discussions with around a dozen countries for a COVID-19 vaccine supply agreement. The company is in early human testing of its COVID-19 candidate. In… Read More ›
Tesla to supply FDA-approved ventilators free of cost to hospitals
In a statement, Tesla’s Chief Executive Elon Musk said the company has additional FDA-approved ventilators which it will ship free of costs to hospitals within regions where it has delivery points. “Device & shipping cost are free. Only requirement is… Read More ›
Three major U.S. retailers pull J&J’s baby talc powder from shelves
If the development has cascading effect and more retailers pull J&J’s baby talc powder from shelves, it could significantly impact its earnings. Already J&J is facing lawsuits over allegations of asbestos in its talc. Following U.S. healthcare conglomerate Johnson &… Read More ›
Pfizer Inc to acquire Array Biopharma Inc for $10.64 billion
The deal will not only add to Pfizer’s EPS, but will also provide to stronger traction in the cancer drugs market. U.S. pharmaceutical giant Pfizer Inc stated it would acquire Array Biopharma Inc for $10.64 billion in cash. The potential… Read More ›
Jury awards $1 billion to 6 plaintiffs over Johnson & Johnson’s Pinnacle metal-on-metal hip implant
Johnson & Johnson has stated that it will appeal the verdict, typically, in such cases in Texas, the appeals court scales back the initial compensation amount. In a significant ruling, a federal jury in Dallas ordered Johnson & Johnson and… Read More ›