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...Wellness is another growth area on social media that has attracted influencers who offer advice without any medical experience and are seeking to sell products or services....
...Novavax, whose Covid jab is the only product it can market, warned in February that there was “substantial doubt” about its future and recently detailed plans to slash costs by up to 50 per cent and reduce...
...Investors will still have to wait until at least 2026 for an approved oncology product....
...Pfizer and the EU for about 70mn Covid-19 shots a year until 2026 threatens to push rivals Moderna, Novavax, and Sanofi out of the market, risking the regional prevention of Covid-19 being left to just one product...
...“The sales of these products have fallen off a cliff so it’s all about past damages....
...“It was one of the most epic episodes ever in pharmaceuticals history: you got an accelerated approval of a product that didn’t have a completed phase 3 trial....
...Novavax is this year rolling out its second product: a malaria vaccine approved by the World Health Organization, which will help to grow its revenues from $531.4mn last year to a projected $854.2mn this...
...The Medicines and Healthcare products Regulatory Agency has approved the therapy, called Casgevy, which was developed by Vertex Pharmaceuticals and Crispr Therapeutics....
...“All Morningstar commodity categories showed outflows in the second quarter, but the main disinvestment took place in the group of precious metals products, with €1.6bn of outflows,” Morningstar analysts...
...shares tumbled more than 8 per cent after the US drugmaker forecast 2024 revenues that were below consensus estimates, as the company attempts to chart a future for growth without blockbuster Covid-19 products...
...The Medicines and Healthcare products Regulatory Agency, the UK drugs watchdog, is assessing whether conditional marketing authorisation should be renewed for Merck’s molnupiravir, also known by the trade...
...It aims to satisfy changing consumer tastes with healthier products and smaller servings. Investor worries about the impact of weight loss drugs on snack companies are overdone....
...The UK pharmaceutical retailer’s transfer of £4.8bn of pension obligations to insurer Legal & General brings its potential sale by owner Walgreens Boots Alliance one step closer....
...Put simply, biotech uses living organisms to create new products, technologies and solutions....
...Albert Bourla, Pfizer’s chief executive, said the company’s product portfolio, apart from Covid medicines, remained strong, with the company expecting revenues from the rest of the business to grow between...
...“Amgen has consistently stated to the FTC, the courts and the public that it has no reason, ability or intention to bundle Horizon’s Tepezza . . . or Krystexxa . . . with any of its products,” the company...
...Manufacturers who do not comply with the negotiation process are liable to an excise tax, which starts at 65 per cent of a product’s sales in the US....
...One example comes from a comparison of the disclosures by WuXi Biologics, a pharmaceutical company that listed in 2017, and WuXi XDC, a unit it spun off and listed last year....
...In May, the Pharmaceutical Supply Chain Initiative, a lobby set up by large pharmaceutical companies, said its members should stop sourcing blood from the two Asian horseshoe crab species most at risk....
...Dave Baxter Yep....
...Key patents related to that drug, which generated almost $21bn in revenues in 2022, are due to expire towards the end of the decade enabling rivals to launch similar products....
...One of the complainants, Mary Tantum, who worked as an associate director of product marketing at Grail, claimed in court filings that an “epidemic of discrimination, harassment and retaliation has taken...
...For the GSK legal team, this meant recasting itself to support a smaller, more focused pharmaceutical business....
...Pfizer is in the middle of a whirlwind 18-month period during which it plans to launch 19 products to help it grow despite an expected steep decline in sales of Covid products....
...To paraphrase Winston Churchill, Chapter 11 bankruptcy is the worst way of resolving product liability — except for all the others....
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