Moderna, largest biotech to go public, fails to impress in market debut
Moderna Inc’s shares fell as much as 6 percent in an upsized market debut on Friday, taking a hit from a broader selloff in the U.S. markets spurred by investors…
VAT scam: Pharmaceutical firm vice-chairman in judicial custody
CHANDIGARH: The district court remanded N R Munjal, vice-chairman, Ind-Swift pharma firm, to 14-day judicial custody. Munjal was arrested for his alleged involvement in the VAT evasion scam that rocked…
AstraZeneca Pharma inks distribution pact with Abbott for diabetes drug
New Delhi: Drug firm AstraZeneca Pharma India Friday said it has entered into a distribution agreement with Abbott Healthcare for distribution of diabetes medicine Dapagliflozin in India. Dapagliflozin, an innovative…
Bugworks Research set for pre-clinical drug trials
BENGALURU: Bugworks Research, a Bengaluru-based drug discovery startup, has moved a few steps closer to its goal of developing next-generation antibiotics. Its drug candidate is set to enter pre-clinical trials…
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…
