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The FT’s fifth annual ranking of the region’s businesses by revenue growth. Plus: outsourcers tap into remote work boom; Shopify targets more growth from bigger clients; Brazil’s alternative to electric vehicles; and Vertex Pharmaceutical’s potential answer to the opioid crisis
...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....
...Moderna: The pharmaceutical group will hold its annual investor day, when shareholders will be keen to learn more about how it plans to grow its business beyond the Covid-19 pandemic....
...Orchard, a UK-based biotech that was recently bought by Japanese pharmaceutical group Kyowa Kirin, argued that the lack of other treatments for MLD justified the price....
...Friday’s decision comes after the state of New Hampshire failed in its bid to receive FDA permission because it did not identify a pharmaceutical wholesaler which could deliver the drugs....
...This month Brazil started distributing a vaccine produced by Japanese pharmaceutical group Takeda....
...The US market is the engine of the global pharmaceutical industry. Its exceptionally high drug prices help deliver as much as three-quarters of the sector’s global profits....
Drug developers raised $6bn in January, helped by a rebound in merger activity
...In contrast, pharmaceutical companies raised just $160mn for antibiotic research, a decline over the decade. Commercial activity and research in antibiotics have been in decline since the 1980s....
...WuXi AppTec is a major supplier of essential ingredients to many of the largest global pharmaceutical companies and conducts drug development for them....
...It was unbelievable,” said Alisha Alaimo, Biogen’s North America head....
...The pharmaceutical company’s market capitalisation recently overtook Tesla thanks to investor enthusiasm over Mounjaro’s success. Earnings are expected to decrease by three cents to $2.11 a share....
...Pharma: Pharmaceutical groups Bristol Myers Squibb, Regeneron and AbbVie will also report earnings before the market opens....
...An unanticipated boom in demand from China, Latin America, the Middle East and north Africa for alteplase, an off-patent drug used to treat strokes, has led to a shortage of supplies, according to Torsten...
...Gilead Sciences fell 10.5 per cent after the pharmaceutical company said its treatment for lung cancer failed to improve the survival of patients in its latest trial....
...It predominantly affects people of colour and is prevalent in sub-Saharan Africa, Latin America, the Middle East and India....
...Large drugmakers have also underperformed, with the S&P 500 pharmaceutical sub-index heading for its worst performance relative to the broader S&P 500 in at least 20 years....
...Eli Lilly was once considered something of an also-ran in the pharmaceutical industry....
Americans’ interest in vaccinations has flagged despite efforts to boost uptake of latest jab
...But with a HIV patent set to expire in 2028, a fifth of GSK’s sales were exposed to patent cliffs by the end of 2030, according to Bank of America analyst Graham Parry....
...By the mid-1800s, the US bracketed the landmass called North America....
...The London-listed company, which was spun off from pharmaceutical giant GSK in 2022, said cash proceeds from the sale would be used to pay down debt....
...It also modifies rules for the airline, healthcare, pharmaceuticals and tourism sectors to encourage competition....
...He lambasted advisers for having had the temerity to recommend a vote against chief executive Pascal Soriot’s pay package at the pharmaceutical company’s recent shareholder meeting....
...Bank of America expects 48mn Americans (about one-seventh of the population) to be on the meds by 2030....
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