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Pharmaceutical News

Canada blocks certain drug exports in response to US plan

Montr - Canada announced Saturday a ban on exporting certain medicines that are or may soon be in short supply, a measure in response to a US plan to import drugs from its northern neighbor.

AstraZeneca promises virus vaccine at cost price worldwide

Paris - Hopes of an effective vaccine against coronavirus becoming available rose again on Monday with AstraZeneca and Oxford University claiming success with their product, becoming the third team to do so.

'Half-measure' virus vaccine intrigues experts

Paris - Evidence suggesting an initial half dose of the vaccine being developed by drugs firm AstraZeneca and the University of Oxford is more effective than a full dose is counterintuitive, and even took the researchers by surprise.

Pfizer: the firm making major progress toward Covid vaccine

New York - Pfizer, in partnership with German company BioNTech, announced this week major progress in its quest to release a vaccine against Covid-19. Here are some key questions and answers about the US firm and its long history:- How did the company begin?

Pfizer CEO sold $5.6 million in stock on day of vaccine announcement

Washington - Pfizer CEO Albert Bourla sold $5.6 million of his stock in the US pharmaceutical company on the same day it announced promising results for its Covid-19 vaccine candidate, filings showed Wednesday.

US floats idea of early approval for eventual vaccine

Washington - The head of the US Food and Drug Administration raised the possibility in an interview published Sunday that a future vaccine against the coronavirus might be given emergency approval before the end of trials designed to ensure its safety and effective...

Race for vaccine tests limits of drug innovation

Paris - From medical workers struggling to care for the rising tide of COVID-19 patients to the billions of people told to stay home to slow the pandemic, everyone is waiting for one thing: a vaccine.

Pharma chiefs expect coronavirus vaccine in 12-18 months

Geneva - The pharmaceutical industry expects it will take 12 to 18 months to roll out a coronavirus vaccine, executives said Thursday, as they jointly pledged to make it available worldwide based on need.

Is generic drug competition leading to increased recalls?

Despite advances with the safety of medicines and ever-tighter regulator oversight, the number of recalls for pharmaceuticals and medical devices is increasing. Some researchers attribute this to greater competition over generic drugs.

Louvre museum removes Sackler name amid opioid controversy

Paris - The Louvre museum in Paris has removed the name of the Sackler family from one of its wings, amid a controversy that has seen the billionaire donors accused of pushing a highly-addictive opioid blamed for tens of thousands of deaths.

Protesters urge Louvre to cut ties with donor over opioid crisis

Paris - Protesters gathered outside the Louvre in Paris on Monday to condemn the museum's ties with the Sackler family, billionaire donors accused of pushing a highly-addictive opioid blamed for tens of thousands of deaths.

Insys founder convicted of bribing doctors to prescribe opiates

New York - The founder of Insys Therapeutics on Thursday became the first head of a major US pharmaceutical to be convicted of bribing doctors to prescribe addictive painkillers blamed for fueling an opioid crisis that has claimed tens of thousands of lives.

Bayer shareholders vote against board over Monsanto merger

Bonn - Bayer chief executive Werner Baumann was dealt a blow Friday at the German chemical giant's annual general meeting, amid tensions over last year's decision to buy US seeds and pesticides maker Monsanto, as disgruntled shareholders voted against managem...

In first for EU, anti-skin cancer drug approved

Paris - French pharmaceutical giant Sanofi on Friday said the European Medicines Agency had conditionally approved its anti-cancer drug Libtayo, the first drug of its kind to be authorised for use in the EU.

Takeda shareholders agree to $60 bn Shire acquisition

Apo - Shareholders at Japanese drug giant Takeda on Wednesday approved a plan to buy Irish pharmaceuticals firm Shire in a deal worth around $60 billion, the biggest foreign takeover ever by a Japanese firm.

China launches nationwide vaccine sector inspection after scandal

Bejing - China's drug regulator said it has launched a nationwide inspection of vaccine production as authorities step up the response to a fraud case that has re-ignited public fears over the safety of the country's medicines.

Health sector gives blockchain glowing prognosis

Paris - Securing safe interchange of patient data, improving the conduct of clinical tests and medicine traceability, and lowering costs.

Novartis lawyer steps down over Trump lawyer payment

Zurich - Swiss pharmaceutical giant Novartis on Wednesday announced the retirement of its top legal expert, as he apologised for payments made by the firm to Donald Trump's personal lawyer Michael Cohen.

Novartis lawyer steps down over Trump lawyer payment

Zurich - Swiss pharmaceutical giant Novartis on Wednesday announced the retirement of its top legal expert, as he apologised in a statement for payments made by the firm to Donald Trump's personal lawyer Michael Cohen.

Japan's Takeda to buy Shire in record $62.5 bn deal

Apo - Drug giant Takeda on Tuesday said it would buy Irish pharmaceuticals firm Shire in a deal worth $62.5 billion, the biggest foreign takeover ever by a Japanese firm.

Japan's Takeda announces £46 bn firm offer for Shire

Apo - Japanese drug giant Takeda on Tuesday announced a firm acquisition offer worth £46 billion ($62.5 billion) for Irish pharma firm Shire, after a series of unofficial bids were turned down.

Former biotech star charged with fraud over blood-testing claims

San Francisco - US securities regulators on Wednesday charged the chief executive of the blood-testing company Theranos, Elizabeth Holmes, and a former president at the onetime soaring Silicon Valley startup with an "elaborate, years-long fraud.

Greek anarchists smash Novartis office amid bribe scandal

Atenas - A Greek anarchist group attacked the Athens headquarters of Novartis on Sunday, Greek police said, amid bribery allegations against the Swiss pharmaceutical giant.

Greek MPs launch probe into Novartis scandal

Atenas - Greece's parliament on Thursday launched a probe into claims that nearly a dozen senior politicians received bribes from or helped promote Swiss pharmaceutical giant Novartis during their term in office.

Greek MPs to back probe into Novartis bribes

Atenas - Greece's parliament was early Thursday to approve a probe into whether nearly a dozen senior politicians received bribes from or helped promote Swiss pharmaceutical giant Novartis during their term in office.

Trump vows again to bring down prescription drug prices

Washington - President Donald Trump vowed again Tuesday to bring down prescription drug prices in the United States, an issue on which his government has been accused of dragging its feet.

Rocky start for Alzheimer's drug research in 2018

Paris - The year 2018, barely underway, has already dealt a series of disheartening blows to the quest for an Alzheimer's cure.

'Pharma Bro' Shkreli's lawyer convicted in fraud trial

New York - A former lawyer for "Pharma Bro" Martin Shkreli has been found guilty of helping the disgraced executive and hedge fund manager commit fraud.

Sierra Leone health workers sue government in Ebola case

Dakar - Two Sierra Leonean health workers on Friday sued their government in a West African court, alleging its misuse of donor funds during the Ebola crisis had contributed to the deaths of thousands.

Amazon looks set to enter pharmacy market

The distribution of medicines in the U.S. looks set for a shake up with renewed rumours that Amazon is going to enter the medicines distribution market.
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