Members of the WTO on Friday June 17 reached an settlement to waive sure elements of the WTO Settlement on Commerce-Associated Facets of Mental Property Rights (TRIPS). The choice permits international locations to authorize using patents associated to the manufacturing and provide of COVID-19 vaccines with out the consent of […]
Pharma
Investing In Big Pharma: Facts And Figures About Top Drug Companies
The term “big pharma” refers to the global pharmaceutical industry, which includes giant corporations that bring in billions of dollars in annual profit. The modern pharmaceutical industry has roots tracing back to the 19th century when research in areas such as chemistry and physiology allowed for the discovery of new […]
Big Pharma Is Pressuring Joe Manchin to Oppose Drug Pricing Reforms
In the first two years of the Joe Biden presidency, Senator Joe Manchin has become one of big business’s favorite lawmakers, thanks to the way he stalled and ultimately killed Democrats’ Build Back Better bill, a health care and climate spending package that included the party’s signature drug pricing measure. […]
Regulator to investigate pharma industry’s drug donations
The Ministry of Food and Drug Safety (MFDS) is taking aggressive action against Kolon Pharmaceutical’s recent illegal distribution of flu medicine Comiflu (oseltamivir phosphate) to a daycare via a donation group without a doctor’s prescription. The ministry is probing Kolon and the entire pharmaceutical industry to […]
Pharma Industry Wins Case Over Patient Financial Assistance Payments
A Stat report notes the case is a win for the industry, which under a contested HHS rule would have had to pay higher rebates to Medicaid. In other pharma industry news, infamous “Pharma Bro” Martin Shkreli has been released early from prison, and the FDA is considering a “healthy” […]
Robert Wessman-led Aztiq completes $500 million transaction in an alliance with Innobic to create an international pharma powerhouse
The Consortium jointly, through Aztiq II HoldCo, has completed the acquisition of a 100% stake in Alvogen Emerging Markets Holdings Limited, thereby becoming the leading shareholders in Lotus Pharmaceuticals and Adalvo Róbert Wessman, Chairman and CEO of Alvogen and Founder of Aztiq Pharma Partners, will continue as Chairman of the […]
PCI Pharma Services Announces Major Manufacturing Expansion with $100 Million Investment in New England, Providing Global Capacity to Clients
Capabilities Include the Latest in Sterile Lyophilization and Liquid Filling Technology to Support Global Pharmaceutical Supply Chain, Keeping Pace with Industry Trends PHILADELPHIA, May 10, 2022–(BUSINESS WIRE)–PCI Pharma Services (PCI), a leading global contract development and manufacturing organization (CDMO), today announced a major expansion of capabilities and capacity in aseptic […]
Pharma showers John Thune with campaign cash
You’re reading the web edition of D.C. Diagnosis, STAT’s weekly newsletter about the politics and policy of health and medicine. Sign up here to receive it in your inbox. Biopharma’s boldest VC firm gets into lobbying Flagship Pioneering, the venture capital firm that bet on Moderna Therapeutics long before Covid-19, has hired […]
Big Pharma Is Still Making Absurd Profits Off of the Pandemic
Last week, drug giant Pfizer told investors that it expects to make more than $50 billion off its COVID-19 medicines this year. Its vaccine is the most lucrative medicine in history, accruing $37 billion in 2021, and has sent its corporate revenues into the stratosphere. By the end of this year, […]
ValGenesis and Zenovative partner to digitise validation in pharma
4-May-2022 The two companies have planned the partnership to combine Zenovative’s Industry 4.0 expertise with ValGenesis’ validation lifecycle management software ValGenesis, a specialist in enterprise Validation Lifecycle Management Systems (VLMS), and Zenovative, a technology development and consulting company based in Maryland, US, have partnered to deliver unique compliance-focused digital validation […]