LONDON (Reuters) – Imports of energy and life-saving medicines top the list of products in jeopardy if Greece defaults on its debt and moves closer to exiting the euro zone.
The threat to vital supplies is increasingly exercising policymakers, companies and traders as an impasse in negotiations between Athens and international creditors provokes alarm in financial markets.
LONDON (Reuters) – Three years after the mysterious MERS virus first emerged in humans, scientists and drugmakers say there is no excuse for not having a vaccine that could have protected those now falling sick and dying in South Korea.
The facts behind the coronavirus that causes Middle East Respiratory Syndrome (MERS) have been slow to emerge, partly due to a secretive response in Saudi Arabia, which has suffered an outbreak stretching back to 2012.
LONDON (Reuters) – A pioneering gene therapy for sickle cell disease is working well so far for a 13-year-old French boy with the hereditary blood disorder, researchers said on Saturday, in a boost for the technology to fix faulty genes.
He is the first patient with severe sickle cell disease (SCD) to be treated with Bluebird Bio’s LentiGlobin BB305 product, which the U.S. biotech company believes could cure the disorder.
LONDON, June 10 (Reuters) – AstraZeneca’s chief
medical officer and head of global late-stage drug development
Briggs Morrison is to leave the company, creating a gap at the
top of the group’s research operations.
A spokeswoman said on Wednesday Morrison was departing to
become chief executive of an unlisted venture capital-backed
drugmaker in the United States, adding there had been no
disagreement with other top managers at AstraZeneca.
SHANGHAI/LONDON, June 10 (Reuters) – Years of pouring money
into its laboratories, wooing scientists home from overseas and
urging researchers to publish and patent is starting to give
China a competitive edge in biotechnology, a strategic field it
sees as ripe for “indigenous innovation.”
The vast resources China can throw at research and
development – overall funding more than quadrupled to $191
billion in 2005-13 and the Thousand Talents Program has
repatriated scientists – allow China to jump
quickly on promising new technologies, often first developed
June 9 (Reuters) – A Canadian team hopes to revive a heart
drug ditched by Roche three years ago by running a
major clinical trial targeting only those patients with the
right genetic profile to benefit from its ability to boost
The Swiss drugmaker, which has licensed rights to
dalcetrapib to Quebec-based DalCor Pharmaceuticals, said on
Tuesday it would provide a companion diagnostic for use in the
Phase III study.
June 8 (Reuters) – Novartis is well placed in the
hot field of cancer immunotherapy, despite being behind rivals
in developing immune system-boosting drugs known as checkpoint
inhibitors, a top executive at the Swiss drugmaker said on
“We will play an important role in this in the future and we
believe we are well-positioned for that,” Bill Hinshaw, U.S.
head of Novartis Oncology, told a webcast media briefing in New
LONDON (Reuters) – Shares in Actelion (ATLN.VX: Quote, Profile, Research, Stock Buzz), Europe’s biggest biotech company, jumped 10 percent to a record high on Monday after a report Shire (SHP.L: Quote, Profile, Research, Stock Buzz) was considering a $19 billion takeover of the Swiss group to boost its rare diseases business.
Shire, which is based in Ireland but has most operations in the United States, is a serial acquirer in a consolidating healthcare sector, which has seen a record $253 billion of deals so far this year.
LONDON (Reuters) – Cash-strapped Greece has racked up mounting debts with international drugmakers and now owes the industry more than 1.1 billion euros ($1.2 billion), a leading industry official said on Wednesday.
The rising unpaid bill reflects the growing struggle by the nearly bankrupt country to muster cash, and creates a dilemma for companies under moral pressure not to cut off supplies of life-saving medicines.
LONDON (Reuters) – Swiss drugmaker Novartis is raising its bet on smart technology by collaborating with U.S. start-up Rani Therapeutics on a “robotic pill” for complex biotech drugs that would normally have to be given by injection.
Rani said it would run feasibility studies over the next 18-24 months to evaluate how selected Novartis biologic medicines can be delivered into the bloodstream using its unique device.