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...He said its products complied with the EU’s “extremely strict” production standards and that its factories were comparable “to the Pfizers of the world”....
...Soriot’s new pay deal comes after the company hit a $45bn sales target in 2023 that the chief executive had set in 2014 when the company fended off a takeover bid from US rival Pfizer....
...In February, the UK pharmaceuticals company hit a long-term sales target that once seemed out of reach....
...wants a pivot in the biotech’s sales strategy for its Covid-19 shot, which is based on traditional vaccine technology, to target older people unnerved by rare side effects associated with mRNA jabs from Pfizer...
...In response to these concerns, Pfizer initiated a significant cost-cutting programme, worth at least $4bn....
...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....
...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....
...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....
Advocate general of bloc’s top court says decision against world’s biggest gene sequencing group should be annulled
...GSK secured approval for Arexvy from the US Food and Drug Administration at the start of May, almost a month before Pfizer’s Abrysvo....
...Shares in consumer pharmaceutical group Haleon rose 8 per cent on Thursday after it forecast stronger than anticipated sales for 2024 and announced share buybacks worth £500mn....
...Partners have included Pfizer and Eli Lilly and it generated Rmb16.1bn ($2.2bn) in revenues last year from the 20 largest names and earned Rmb26bn — about two-thirds of its revenues — from the US, which...
...Germany’s BioNTech, which developed its own mRNA-based Covid vaccine with Pfizer, has also scaled back its African ambitions but has broken ground on a vaccine manufacturing site in Rwanda....
...Share moves to note on the New York Stock Exchange include Vertex Pharmaceuticals, Apple and Pfizer: Apple gained 1.7 per cent to a record high close of $197.96 a share....
...Strong vaccine sales powered British pharmaceutical company GSK to higher than expected earnings in 2023, as the company’s new RSV jab gained “blockbuster” status just over six months after its US launch...
...Pharmaceutical companies must replenish their drugs pipeline before exclusivity rights on top-selling products expire....
...Since it was spun off from pharmaceutical giant GSK in 2022, the London-listed company has taken steps to streamline its business with a restructuring programme and job cuts, together with the disposal of...
...There have been large investments in vaccine delivery systems in recent years, such as the mRNA technology used for the BioNTech/Pfizer and Moderna Covid-19 vaccines....
...GLP-1s now underpin a weight loss drug, Wegovy, developed by pharmaceutical group Novo Nordisk....
...Eli Lilly was once considered something of an also-ran in the pharmaceutical industry....
...Last week, Pfizer slashed its 2024 revenue outlook and increased its cost-cutting programme by $500mn....
...Uğur Şahin, the company’s chief executive, will update on ten oncology trials in the year ahead at a pharmaceutical industry conference in San Francisco later on Tuesday....
...The US federal drug regulator has approved new Covid-19 boosters from Moderna and Pfizer, as it moves to contain infections from spreading more quickly in the US....
...Telavant is 75 per cent owned by Roivant Sciences and 25 per cent by Pfizer. The company is developing a molecule that targets the TL1A protein....
...Pfizer, a supplier of methotrexate to 40 countries, is increasing production at sites in Australia, but this requires investing in more staff, specialist equipment and manufacturing capacity, measures that...
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