On Wednesday, in a significant development drugmaker Pfizer Inc said, all of its patented medicines including COVID-19 treatment Paxlovid and big-selling breast cancer drug Ibrance will be made available at not-for-profit prices to 45 of the world’s poorest countries. The bouquet… Read More ›
medicines
Sri Lanka in early debt refinancing talks with China
On Tuesday, a spokesman for Sri Lanka’s cabinet said, Sri Lanka has started negotiations with China on refinancing its debt as it struggles to manage its worst financial crisis in decades. “Now since the IMF is willing engage with Sri… Read More ›
Legal changes could be made to ease transport of medicines from Britain to Northern Ireland: European Commission
On Friday, in a statement the European Commission said, it is scheduled to make legal changes aimed at easing the transport of medicines from Britain to Northern Ireland. The move could release the build up of pressure over EU-UK ties… Read More ›
Greece tests drone delivery system in remote isolated places
Greece has tested a drone deliver system that delivers medicines to remote places in an environmentally friendly way. The drone, equipped with four rotor blades, took off from the northwestern Greek city of Trikala and flew 3 kilometers (1.86 miles)… Read More ›
Pfizer Inc acquires 9.9% stake in Shanghai-based CStone Pharmaceuticals for $200 million, eyes collaboration
On Wednesday, in a statement, CStone Pharmaceuticals stated, a unit of Pfizer Inc has agreed to acquire a 9.9% stake in it for $200 million (HK$1.55 billion). With the news reaching the market the shares of the Hong Kong-listed biopharmaceutical… Read More ›
Roche’s research arm hires MIT’s prize-winning cancer researcher Aviv Regev
On Monday, Swiss pharmaceutical giant Roche stated, it has hired a professor from the Massachusetts Institute of Technology (MIT) as its new head of its U.S. research arm which was responsible for some of it’s best-selling medicines in the last… Read More ›
U.S. business lobbying Mexico to protect vital supply chain during coronavirus pandemic
With the coronavirus ravaging supply chains, a group representing U.S. manufacturers have had a discussion with Mexican President Andres Manuel Lopez Obrador to maintain and strengthen North America’s existing supply chain so as to provide a sustained and a strong… Read More ›
Casino teams up with L’Oreal as the duo ramp up their market presence to fight Amazon.com
Amazon.com’s acquisition of Whole Food Market Inc in 2017 have spurred spurred European retailers to boost their online offering so as to be in a better position to fight the world’s world’s largest online retailer. In a development that marks… Read More ›