In a statement Germany’s Federal Office for the Protection of the Constitution (BfV) said, China’s state backed hacking group APT 27 which since long is suspected of launching attacks on Western government agencies, is now targeting German companies in sectors… Read More ›
pharmaceuticals
Novartis weighing options to divest generic drugs unit Sandoz
On Tuesday, Novartis raised the prospect of divesting its generic drugs unit Sandoz while revising upwards its revenue estimate for its two best-selling pharmaceuticals. “Novartis has commenced a strategic review of the Sandoz Division. The review will explore all options, ranging… Read More ›
Pharma industry could be nationalized to localize supply chain: German Economy Minister
On Friday German news magazine Der Spiegel reported German Economy Minister Peter Altmaier as saying, he wants to support pharmaceuticals companies that are dependent for key reagents on imports from Asia in order to rebuild their production sites in Europe…. Read More ›
AstraZeneca Plc and Daiichi Sankyo Co Ltd sign lucrative cancer drug deal
The deal sees Britain’s AstraZeneca Plc led by Pascal Soriot sharing development and commercialization costs for the drug worldwide. For AstraZeneca the deal makes sense as it will replenish its pipeline as its cancer drug sales grow. In a significant… Read More ›
Swiss pharmaceutical giant Roche acquires U.S. Cancer drug maker Ignyta for $1.7 billion
Ignyta’s precision drugs and diagnostic portfolio will help Roche increase its global footprint in the oncology department. On Friday, U.S. cancer drugmaker Ignyta Inc and Swiss drugmaker Roche disclosed that the Swiss pharmaceutical giant will acquire U.S. drugmaker for $1.7… Read More ›
The proposed tax bill is likely to undergo change before it becomes law
The likelihood of the Republican tax bill undergoing change is high since the House tax bill aims to not only cut taxes, which by itself is hard, but is also taking on provisions that are specific to certain industries, which… Read More ›
French drugmaker Ipen set to acquire Merrimack’s asset for ~$1billion
While the deal will boost Ipen’s cancer drug portfolio, Merrimack’s shareholders will receive a special dividend as an outcome of the deal. France-based drug manufacturer Ipsen SA, has disclosed it will be acquiring some assets from its U.S. peer Merrimack… Read More ›
Boehringer Ingelheim and Sanofi agrees to divesture proposals to streamline their deal
Without this divesture, there is likely to be reduced competition among vaccine manufacturers in the U.S. and EU. The divesture is key to their $13.5 billion deal. So as to streamline Boehringer Ingelheim acquisition of Sanofi, the German pharmaceutical maker… Read More ›