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...The jab’s variant formulation was approved by the US Food and Drug Administration earlier this month....
...How investors assess the future of companies such as Moderna and BioNTech rests on their view of the potential of mRNA, which was first used in the pandemic to rapidly produce adaptable Covid vaccines but...
...The vaccine was one of the most used around the world in 2021, but concerns about a rare blood-clotting side effect and the fact it was less effective than mRNA jabs meant it has since fallen out of common...
...The jab was late to market and suffered from collapsing demand as governments withdrew from procurement deals. The group had a market value of $600mn, as of market close on Friday....
...However, its failure to produce a Covid-19 jab ahead of rivals with less expertise in vaccines dealt it a reputational blow....
...US biotech Moderna has put plans to build a vaccine plant in Kenya on hold, in a sign that moves to invest in pandemic preparedness in Africa have dropped down the agenda as sales of Covid-19 jabs decline...
...The SII said late last year that it had produced 20mn doses and “already” had capacity to produce 100mn shots a year....
...In South Africa, biotech company Afrigen Biologics and Vaccines will, once licensed, be able to produce about 50mn doses of an mRNA jab in a year in the event of a new pandemic, says its managing director...
...Recasting WeightWatchers for the era of weight-loss jabs is akin to Facebook overhauling its social media site for mobile, or Netflix moving from DVDs to streaming, Sistani argued....
...FT reporter Anna Mutoh examines whether WeightWatchers’ latest strategy can produce the turnaround investors are hoping for....
...It previously warned that it would have to defer or cancel investment, and produce less oil....
...The company produces the same drug under the name Mounjaro, which is already approved by the FDA for treating diabetes. Lilly expects the new jab to be available before the end of the year....
...The auditors of large US companies are required not just to sign off on the annual figures themselves but also on the internal controls and systems that a company used to produce them....
...Last year, Shockwave completed a $147mn acquisition of Neovasc, which produces a device to treat refractory angina, another type of heart defect....
...The US company told the Financial Times there had been “no attack on or fire at the factory”, which is situated in the Brandenburg region south-east of Berlin and produces 6,000 cars a week....
...Several biotech companies began to work on vaccines against viral infections — culminating in the successful rush to produce Covid jabs that were approved by regulators in the winter of 2020-21....
...A version of this article was first published by Nikkei Asia on November 16. ©2023 Nikkei Inc. All rights reserved....
...He concluded that assessments on transaction, monitoring and agency costs would compel managers to either produce internally or outsource to another company....
...Mandating that carmakers produce more EVs does not guarantee that buyers want them....
...Last year, chief executive Dara Khosrowshahi claimed that Uber was a business that could produce substantial sums of cash....
...Only 17 per cent have received the updated bivalent booster jab, which was authorised in September 2022....
...Samsung and Micron produce older generation HBMs and are set to release their latest versions in the coming months....
...BioNTech’s announcement came after Pfizer cut its guidance for the Covid vaccine, known as Comirnaty, and Paxlovid, its Covid antiviral jabs, because of low demand....
...That deal would result in Ellison running the combined Paramount and Skydance, which already produce movies together including Top Gun and Mission: Impossible, according to those briefed on the plan....
...Rivian said it planned to produce 57,000 battery-powered trucks and vans this year, compared with 57,232 produced in 2023. It also announced a 10 per cent cut to its salaried workforce....
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