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...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...“Pfizer is very good at selling but historically not renowned as having the R&D engine of a Merck or Lilly....
...The oncology-focused biotech agreed a $43bn deal to be acquired by Pfizer....
...The Spac looking to split atoms Sam Altman has ties to so many technology businesses, we have to admit we’d forgotten that the OpenAI boss listed a special purpose acquisition company a couple of years...
...“Generally speaking, if you are a pharmaceutical company, R&D [research and development] and regulatory engagement are in charge and everyone orbits around them....
...I’d be interested to hear readers’ shopping experiences: what’s your main way of stocking up on gifts ahead of the festive season? Email me your thoughts at sid.v@ft.com....
...Rivals AstraZeneca, Johnson & Johnson, Russia’s Sputnik V and new entrants such as Novavax make up the remainder of the market, which is forecast to double in value to $124bn next year....
...“So we think there’s a significant opportunity here for patients,” said chief financial officer Frank D’Amelio recently, “and obviously for ourselves.”...
...“There’s a significant opportunity for those margins to improve once we get beyond the pandemic environment that we’re in,” said Frank D’Amelio, chief financial officer....
...Scott Gottlieb, a Pfizer director and former FDA commissioner, broadly confirmed the timeline given by D’Amelio....
...Greg Glenn, Novavax’s president of R&D, said the mRNA vaccines have some “safety” and issues in terms of adverse side effects, which would make Novavax a particularly attractive option when Covid-19 becomes...
...“We’d never operated that way as a company,” says Doug Lankler, general counsel at Pfizer. That raised the question of what the lawyers do to facilitate it....
...for Pfizer, told the committee....
...“If Omicron does reduce the effectiveness of vaccines, you’d prefer for it to fall from the protection of three doses rather than just two.”...
...You’d have to staff tens of thousands of people to be able to review income documents as applicants are applying for credit....
...“But if I felt that R&D was lacking, I wouldn’t have taken that bet. I’m not suicidal.” Our mains long since finished, lunch extends into a third hour and we each order an espresso....
...“In this kind of environment you’d expect the most speculative names to be hit the worst, and that is what is happening,” said David Kelly, the chief market strategist for JPMorgan Asset Management....
...What made you think you’d be more successful in this industry?...
...The AU will pay $6.75 a dose for the BioNTech/Pfizer vaccine and $10 for Johnson & Johnson’s, a single-dose product....
...“It’d be very valuable to have data on how to best inform how to use these vaccines,” she said....
...I’d be a lot more comfortable if we were closer to 70 per cent by June 21,” said Bell....
...“You’d see some swirls. That’s it,” he said. “Not very exciting.” But the science is — as is the scale at which it operates....
...Fuel consumption rose by more than 1m barrels a day to more than 20m b/d....
...On Sunday, Soriot’s friend José Baselga, AstraZeneca’s head of oncology R&D, died in Spain....
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