Moderna to raise $618 mln in upsized IPO, braving market jitters
By Lance Tupper and Joshua Franklin Moderna Inc is set to sell around $618 million in shares in its initial public offering (IPO) on Thursday, a person familiar with the…
Drug company Actelion to pay $360M in kickback probe
BOSTON: A pharmaceutical company has agreed to pay $360 million to resolve allegations that it used a charitable foundation to pay kickbacks to Medicare patients. The U.S. attorney’s office in…
Effective drug for Parkinson’s now available in Bengaluru
Vikram Hospital, in association with the UK-based speciality pharmaceutical company Britannia Pharmaceuticals, has launched ‘Apomorphine’ for the first time in the country. According to the hospital, this powerful new drug…
Walgreens to link up with FedEx on next-day drug delivery as Amazon nears
Walgreens Boots Alliance said on Thursday it would partner with FedEx Corp to launch a next-day delivery service for prescription drugs nationwide, giving it a leg up as Amazon threatens…
Taxmen begin scrutiny of Unilever-GSK deal
Taxmen have begun to scrutinise the $3.8-billion (3.3-billion euro) Unilever-GSK transaction and could raise demand on the value of the sale of Horlicks brand to the Anglo-Dutch multinational by invoking…
Lower drug sales potential at Bayer underscores need for deals
By Ludwig Burger FRANKFURT: Germany’s Bayer, which acquired seed company Monsanto this year, reduced its combined sales estimate for its most promising experimental drugs, acknowledging it needs to do more…
Amroli medicine distributor duped for Rs 26 lakh
Surat: Police booked four persons in Amroli on Tuesday for alleged cheating a businessman of Rs 26 lakh by offering him a highly profitable deal of medicinal oil. The accused…
Maha FDA Prohibits Use Of Contaminated Ranitidine Injectible Drug
The Maharashtra Food and Drug Administration (FDA) has prohibited the use of contaminated ranitidine injectible drug as its samples meant for government supply at the Government Medical College and Hospital…
Sanofi plans 670 job cuts in France by end 2020
PARIS: French drugmaker Sanofi told unions on Wednesday it was planning to cut 670 jobs in France, a union representative told Reuters. The plan, which is to be set on…
Revance Therapeutics’ frown lines treatment succeeds in late-stage trial
Medical aesthetics company Revance Therapeutics Inc said on Tuesday that its long-acting injectable drug was successful in reducing moderate-to-severe frown lines in a late-stage study. The successful completion of the…
