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LexPfizer Inc
Pfizer: pharma group needs weight loss drug to secure post-Covid future Premium content
...Contributions from the company’s acquisitions — notably the $43bn purchase of cancer biotechnology company Seagen — have yet to move the needle....
December 13, 2023
HTSI
Exploring beauty’s biotech frontier
...But Amyris had also branched out into being an incubator for beauty start-ups including Rose Inc, Costa Brazil and JVN hair care, and it proved too huge a leap from developing molecules to developing brands...
October 24, 2023
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
Chinese business & finance
China’s slump pushes smaller companies overseas for growth
...A version of this article was first published by Nikkei Asia on January 26. ©2024 Nikkei Inc. All rights reserved....
January 30, 2024
News in-depthUS equities
Nasdaq and NYSE fight closest listings contest in five years
...Nasdaq’s lower listing fees and costs mean many smaller companies choose to float there, including capital-hungry biotechnology groups which frequently tap the market for funds — generating fees for their...
September 19, 2023
FT News Briefing podcast10 min listen
US sues to block drug merger
...The Federal Trade Commission sued to block the biotechnology company Amgen’s $28.3bn deal to acquire Horizon Therapeutics, Italy is struggling to spend €200bn in EU Covid recovery funds, and Ukraine said...
May 17, 2023
Coronavirus treatment
Merck struggles to win European approval for Covid antiviral pill
...Daina Graybosch, analyst at SVB Leerink, citing Paxlovid, Gilead Sciences’ remdesivir — an antiviral administered via injection — and monoclonal antibody therapy sotrovimab from GlaxoSmithKline and Vir Biotechnology...
February 16, 2022
FT Live
Global Pharma and Biotech Summit
Driving life sciences innovation in a disrupted world
Tuesday, 5 NovemberIn-Person & Online Conference
LexPfizer Inc
Pfizer/Seagen: post-Covid growth does not come cheaply Premium content
...Pfizer is putting its Covid-19 windfall to work by splashing out $43bn to buy cancer biotechnology company Seagen....
March 13, 2023
US equities
Cancer drug company accuses US market makers of stock spoofing
...A cancer-focused biotechnology company has sued eight of the US’s largest market-making traders including Citadel Securities, Susquehanna and Virtu, alleging that they deliberately drove down its share price...
December 1, 2022
LexMerck & Co Inc
Merck/SeaGen: regulatory hurdles will be tough to clear Premium content
...On paper, Merck’s interest in buying the cancer biotechnology company SeaGen for about $40bn makes plenty of sense. The US drugmaker is flush with cash — to the tune of $8.6bn at the end of March....
July 8, 2022
Pharmaceuticals sector
Merck in talks over $40bn deal for cancer biotech SeaGen
...Merck & Co is in talks to buy the cancer biotechnology company SeaGen for about $40bn, according to two people familiar with the matter....
July 7, 2022
LexPfizer Inc
Pfizer: drugmaker puts Covid cash to work Premium content
...The Nasdaq biotechnology index has shed nearly 27 per cent of its value this year. Prior to Tuesday’s deal announcement, Biohaven’s shares had fallen 40 per cent since January....
May 10, 2022
Impossible Foods Inc
Plant-based meat groups in court battle over taste of their products
...Motif was launched by Boston-based biotechnology group Ginkgo Bioworks in 2019, and uses synthetic biology to create products for the plant-based food sector....
May 6, 2022
Coronavirus treatment
US drugs watchdog pulls authorisation for Covid monoclonal antibodies
...experts said the declining effectiveness of the two most commonly used antibody treatments has led to shortages of a third monoclonal antibody treatment sotrovimab, which is made by GlaxoSmithKline and Vir Biotechnology...
January 25, 2022
US financial regulation
SEC sets clock for delisting Chinese companies over US audit demand
...The US Securities and Exchange Commission said that fast-food giant Yum China, biotechnology groups BeiGene, Zai Lab and HutchMed, and technology company ACM Research faced delisting....
March 10, 2022
LexCoronavirus treatment
Coronavirus pill: Merck forges a new hammer to crack pandemic Premium content
...Merck’s news hit shares in vaccine makers such as Moderna and BioNTech, as well as Vir Biotechnology, developer of a monoclonal antibody therapy in partnership with GlaxoSmithKline....
October 12, 2021
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Covid-19 vaccines
Pfizer and Moderna forecast to almost double vaccine sales in 2022
...Last week the German biotechnology group CureVac became the latest company to abandon a vaccine while the Maryland-based biotech Novavax has still not had its jab authorised in the US or Europe....
October 18, 2021
IPOs
The miracle medicines of a playboy trader and his crypto banker friend
...The UK biotechnology group, which claims to have rights to “one of the most revolutionary treatments since the discovery of penicillin”, is hoping to float on the London Stock Exchange’s main market at a...
April 28, 2022
News in-depthCoronavirus treatment
Pfizer and Moderna investors brace for eventual drop in vaccine sales
...“One of their struggles is going to be that investors are going to look for the next big thing,” said Hartaj Singh, senior biotechnology analyst at Oppenheimer....
September 17, 2021
Winter skin savers, from supplements to spas
The beauty editors’ pick of the best new skincare brands
...In August, she launched a skincare and make-up brand under the same name, developed with Caroline Hadfield of biotechnology company Amyris....
November 16, 2021
Covid-19 vaccines
Novavax further delays plans to seek Covid vaccine approval
...Novavax has further delayed the submission of data for its Covid-19 vaccine to the US regulator as the biotechnology company continues to struggle with collating consistent manufacturing information....
August 5, 2021
Food & Beverage
Asia’s new food frontier: the rise of edible tech
...A version of this article was first published by Nikkei Asia on July 23. ©2022 Nikkei Inc. All rights reserved....
July 27, 2022
#techFT
Goggle this — AR makes a spectacle
...infrastructure planThe huge government spending on US infrastructure announced by the president on Wednesday will include $180bn for research and development in areas such as artificial intelligence and biotechnology...
April 1, 2021
City Bulletin
AstraZeneca appoints new finance director Premium content
...AstraZeneca has named Alexion’s Aradhana Sarin as its new chief financial officer in a management reshuffle to plan around its $39bn acquisition of the US biotechnology company....
June 4, 2021
Covid-19 vaccines
BioNTech lifts Covid vaccine target to 2.5bn doses this year
...The German biotechnology group said in its annual earnings report on Tuesday that increased output was possible thanks to optimised production processes and an expansion of its manufacturing and supply network...
March 30, 2021
Covid-19 vaccines
GSK to help manufacture 60m doses of Novavax Covid vaccine in UK
...The protein antigen component of the vaccine is already being made in the same part of the country by Novavax’s manufacturing partner, Fujifilm Diosynth Biotechnologies, at its site in Billingham, Stockton-on-Tees...
March 29, 2021

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