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...Hoka, originally a niche brand known for “maximalist” shoes with thick soles, is the fastest-growing brand in the Deckers Outdoor Corporation portfolio, outpacing sibling brands Ugg boots and Teva sandals...
...Lee, the grandson of Samsung founder Lee Byung-chul, is also accused of orchestrating a $3.9bn accounting fraud at the group’s biopharmaceutical unit in 2015 as part of the same case....
...In December, biopharmaceutical firm Amgen announced the acquisition of biotech star Horizon Therapeutics for $116.50 per share or $28bn in aggregate....
...Deckers Outdoor, whose distinct ugly-shoe empire includes Uggs, Hoka dad sneakers and Tevas sandals, has also enjoyed booming sales and share prices....
...It exited its position in generic drugs maker Teva and sold more than 70 per cent of its remaining shares in AbbVie and Bristol-Myers Squibb....
...That might justify a steeper EV-to-forward ebitda multiple than the seven times commanded by quoted generics companies Teva and Viatris. The unit might fetch at least $15bn, according to Bernstein....
...Gorsky said the separation would allow J&J to focus on “delivering industry-leading biopharmaceutical and medical device innovation and technology”, while the new consumer health company would be “a global...
...Angela Hwang, president of Pfizer Biopharmaceuticals Group, said available data supported a booster programme to protect the public and help bring an end to the pandemic sooner rather than later....
...Its case against Endo, Teva, and Allergan is currently being tried in state court. The settlement payments to New York will begin this summer and continue over the next 17 years....
...In addition to J&J, the complaint named Purdue Pharma and the members of the Sackler family that own it, Mallinckrodt, Endo, and Teva among others....
...South Korean biopharmaceuticals group Celltrion is betting that new variants of Covid-19 will fuel growth in the US and Europe for treatments of the disease, even as these markets vaccinate their populations...
...Mene Pangalos, executive vice-president for biopharmaceuticals at AstraZeneca, said: “We have an effective vaccine that meets regulatory requirements for approval around the world.”...
...The Pfizer vaccine, which needs to be kept at under minus 70 degrees Celsius during transit, is transported from Ben Gurion airport to logistics centres run by a subsidiary of Teva Pharmaceuticals, a global...
...The company already held stakes in the drugmakers Biogen, Johnson & Johnson and Teva Pharmaceuticals and DaVita, a kidney dialysis company. Mr Buffett did not respond to a request for comment....
...Vamil Divan, senior biopharmaceuticals research analyst at Mizuho, said it looked unlikely that Pfizer would publish this data until next week or later....
...With all this in the background, local conglomerate SK Group’s biopharmaceuticals division goes public on Thursday, with perfect timing....
...To boost supplies of antimalarials, generics manufacturers Teva and Novartis’ Sandoz have pledged to donate millions of doses to US hospitals....
...Angela Hwang, president of Pfizer’s biopharmaceuticals group, said the company would use the same principles to price the vaccine in developed countries....
...Teva, Mylan and others in the lawsuits have denied wrongdoing....
...For Israel to do this, say industry executives, shows that these are not normal times: the country is the home of Teva Pharmaceuticals and has an economy that is heavily dependent on R&D....
...A version of this article was first published by Nikkei Asia on December 15, 2020. ©2020 Nikkei Inc. All rights reserved....
...The Big Story China Inc is paying heavily for associations with Beijing’s “surveillance state”....
...Teva Pharmaceuticals, the only remaining manufacturer, fell 1.6 per cent to $7.38, after losing 3.5 per cent during the trading day....
...Kenneth Frazier, Merck’s chief executive, said the move would bring Merck closer to being “the premier research-intensive biopharmaceutical company”, while allowing the new company to focus on products that...
...Teva was also named in the Oklahoma lawsuit but chose to settle on the eve of the trial for $85m, without admitting liability or wrongdoing....
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