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WPP PLC
Ogilvy forms health influencer unit to target ‘new frontier’ in marketing
...WPP’s Ogilvy advertising agency is creating a division specialising in online “health influencers” to help pharmaceutical companies tap a trend towards personalised health and combat misinformation....
April 23, 2024
Drug prices
Copycats take bite out of AbbVie’s best-selling Humira drug
...A Humira biosimilar from Teva Pharmaceuticals working with Alvotech earlier this year became the first drug that the US Food and Drug Administration granted interchangeable status, which lets pharmacists...
April 25, 2024
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
LexInsider trading
Insider trading ruling is a warning for executives who get creative Premium content
...Panuwat’s company, Medivation, was bought in 2016 by Pfizer for $14bn. But the stock he purchased at the time was not that of Medivation....
April 24, 2024
News in-depthCovid-19 vaccines
Covid vaccine makers to clash in London over mRNA patent dispute
...The case is the latest in a series of intellectual property battles that companies are fighting around the world over mRNA technology, which has helped generate billions in revenues for the pharmaceuticals...
April 22, 2024
News in-depthWeight Watchers International Inc
WeightWatchers faces an era when weight loss comes in a syringe
...Any rumours that the company is at risk of defaulting are “flatly untrue”, he said....
April 9, 2024
News in-depthDementia
Alzheimer’s drug Leqembi falls short of blockbuster status in faltering US rollout
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
April 22, 2024
FT Live
Global Pharma and Biotech Summit
Driving life sciences innovation in a disrupted world
Tuesday, 5 NovemberIn-Person & Online Conference
Johnson & Johnson Co Inc
Johnson & Johnson buys device maker Shockwave for $13.1bn
...Shockwave’s technology has treated approximately 400,000 patients globally, the company said....
April 5, 2024
US & Canadian companies
Pwease don’t be mean, I’m just a wittle luxury bag conglomerate 👉👈
...Obviously, this flavour of defence is par for the course in antitrust, but we were curious whether Crevoiserat has been serving a similarly smol bean line to investors....
April 23, 2024
Covid-19 vaccines
Hedge fund urges board shake-up at Novavax over struggling Covid vaccine
...Shah Capital now owns 6.7 per cent of Novavax, having first bought into the company in the last quarter of 2022....
April 15, 2024
Mergers & Acquisitions
EU wrong to block Illumina’s $8bn takeover of Grail, says court adviser
...Illumina said the company agreed “with the advocate general that the European Commission’s assertion of jurisdiction over this merger was improper”. Illumina bought Grail in 2021....
March 21, 2024
BlackRock Inc
BlackRock steps up security for Larry Fink after ‘anti-woke’ backlash
...The company said the security services were “in the interests of the company and its shareholders”, owing to the “critical value” the pair provided....
April 21, 2024
Corporate bonds
Reading small print for fun and profit
...Avid Bioservices, a small-cap company that helps develop and manufacture drugs for pharmaceutical companies, filed this with the SEC yesterday: On February 29, 2024, Avid Bioservices, Inc....
March 7, 2024
Behind the Money podcast17 min listen
Can WeightWatchers survive the Wegovy era?
...Then, GLP-1 anti-obesity drugs hit the market, long-time spokesperson and board member Oprah Winfrey announced her departure, and the company’s credit rating was downgraded....
April 10, 2024
LexReddit Inc
Reddit wants its users’ money -- but not their input Premium content
...Among the surprises: the company’s investments in bitcoin and ether and the inclusion of entities affiliated with OpenAI’s Sam Altman, Silicon Valley networker par excellence, among the biggest investors...
February 23, 2024
Medical science
UK approves Crispr gene editing therapy in global first
...The Medicines and Healthcare products Regulatory Agency has approved the therapy, called Casgevy, which was developed by Vertex Pharmaceuticals and Crispr Therapeutics....
November 16, 2023
FT Live
Innovative Lawyers Awards Asia-Pacific
Celebrating innovations from both law firms and in-house teams in the region
Thursday, 16 MayHong Kong
LexPfizer Inc
Pfizer: pharma group needs weight loss drug to secure post-Covid future Premium content
...Despite splashing out nearly $55bn on two major acquisitions over the past two years, the pharmaceutical company is worth less than it was before the pandemic....
December 13, 2023
LexApple Inc
Apple, the world’s most valuable stock, is about to start growing again Premium content
...The company may have missed out on the early flush of AI hype but it has also avoided rushing out a sub-par product that might harm its reputation....
January 3, 2024
Pfizer Inc
Pfizer shares tumble on weak forecast for 2024 revenues
...Pfizer 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...
December 13, 2023
Hasbro Inc
Hasbro: slowdown in sales spells trouble in toy land Premium content
...The stock is trading on 14 times forward earnings, on a par with Mattel. This seems overpriced given that Mattel has fared better sales-wise....
December 12, 2023
Coronavirus treatment
Expired Pfizer Covid antiviral drugs set to cost Europe $2.2bn, data shows
...The US government arranged with Pfizer to return 7.9mn Paxlovid courses at the end of 2023, at an estimated cost to the company of $4.2bn....
January 1, 2024
Pfizer Inc
Pfizer drops plan for twice-daily obesity pill due to side effects
...Rival pharmaceutical groups are eager to enter the market, including AstraZeneca, which recently signed a licensing deal with Chinese company Eccogene for the rights to its weight loss pill....
December 1, 2023
Anjli Raval
Competent jerks have a shelf life in the office
...At one point pharmaceutical company Pfizer even set out a “no jerks” policy....
January 14, 2024
Plastic pollution
World Bank and Citi launch $100mn plastic credits bond
...The two recycling projects generate and sell plastic and carbon offset credits to big companies that use large amounts of plastic....
January 26, 2024
LexFood & Beverage
Pepsi/obesity drugs: snack pack will withstand economies of scales Premium content
...Packaged food companies have built strong and trusted brands over decades....
October 10, 2023
Coronavirus treatment
Covid antivirals lose spark as regulatory scrutiny increases
...The Cypriot government allowed stocks to be used to treat cats suffering with another coronavirus in the Mediterranean country, though the company said it was not approved for veterinary treatment and no...
October 9, 2023

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