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...So effective is Vertex Pharmaceuticals’ blockbuster cystic fibrosis (CF) drug, Trikafta, that studies project it could extend the lives of some young patients by up to 45 years....
...The outcome could have ramifications beyond the industry....
...He was a former investment banker who closely followed the industry and made a canny trade, in his telling....
...industry....
...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....
...“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....
...Sistani made waves in the weight management industry last year with an acquisition that took the company Jean Nidetch launched in 1963 to run weight-loss support groups into the business of dispensing anti-obesity...
...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....
...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....
...The finance industry may stand to be one of the biggest beneficiaries of this stage of the digital revolution. So far, adoption has been slow....
...The fast-food industry alone is worth about $180bn, on par with its market size in the US. This year, strong demand in China has boosted McDonald’s group earnings and same-store sales growth....
Investor worries about the impact of weight loss drugs on food companies are overdone
...At one point pharmaceutical company Pfizer even set out a “no jerks” policy....
...He said chancellor Jeremy Hunt and the health department should address conflicts with the pharmaceutical industry over drug prices and hurdles to running clinical trials in the NHS....
...But as of September last year, autonomous vehicles in China had driven a cumulative total of 70mn kilometres, on a par with the US, according to data from Bain....
...Total annual revenues for the US college football bowl division totalled $10bn in 2022, according to data from the Knight Commission on Intercollegiate Athletics, roughly on par with the annual revenues...
...“He comes with a core [genomics] background, which was critical in our mind given the context of previous hire [deSouza] being outside the industry,” said Kumar....
...Little wonder the beauty industry is energetically prospecting the biotech frontier....
...But in May, the FTC sued to block the deal, arguing that “rampant consolidation” in the pharmaceuticals industry is pushing up drug prices....
...The US government named 10 of the best-selling drugs as the first to face tough price regulations in a bid to slash healthcare costs, marking the biggest shake-up for the pharmaceutical industry in decades...
...The reforms have been fiercely resisted by the pharmaceutical industry, which has warned they would cripple innovation and hinder development of life-saving medicines....
...The former head of its US equity syndicate desk, Pawan Passi, was issued a $250,000 civil penalty by the SEC and barred from working in the industry....
...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....
...“I think what goes on at the payer level is, in some respects, the worst thing for our industry and we’ve got to shine a brighter light on it.”...
...But trustbusters have fresh reasons to feel cross with the pharma industry. The US Federal Trade Commission now frowns on its “rampant consolidation”....
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