Drugmaker in a sentence

Two weeks ago, French drugmaker and British drugmaker secured $2.1 billion from the federal government to provide 100 million doses of their vaccine, which is expected to enter a Phase I/II clinical trial in September.

Dec 3 (Reuters) - Anglo-Swedish drugmaker AstraZeneca has signed a deal worth up to $247 million with U.S. artificial intelligence (AI) biologics firm Absci to design an antibody to fight cancer, the Financial Times reported on Sunday.

Japan’s Astellas Pharma said Monday that it has agreed to buy U.S. drugmaker Iveric Bio for about $5.9 billion in its biggest acquisition, giving it access to a range of ophthalmology treatments.

Millions of patients and their caregivers breathed a collective sigh of relief when drugmaker Eli Lilly recently announced its new experimental Alzheimer’s medication appears to slow cognitive decline by 35 percent.

One large drugmaker abandoned plans to acquire a smaller rival after estimating the deal would take 24 months to get the necessary approvals, a person familiar with the matter said.

People not already covered by Medicare should only pay $35 per month for insulin after drugmaker Eli Lilly announced its plans to reduce the cost of the life-saving medication after intense public pressure surrounding the cost of the drug.

Since 2020, the drugmaker has committed around $4 billion to new manufacturing facilities in North Carolina, including $1.7 billion for the development and expansion of its site at Research Triangle Park.

The increasing price further reflects investors' faith in the Danish drugmaker's decision to launch Wegovy in the UK on Monday.

The panel of Food and Drug Administration experts voted 17-1 that drugmaker Brainstorm’s stem cell-based treatment has not been shown effective for patients with the fatal, muscle-wasting disease known as ALS, or amyotrophic lateral sclerosis.

Under the terms, Pfizer would pay $229 a share in cash, the drugmaker said today.

About 70 per cent of AMX’s sales are in Europe, to clients such as Swiss drugmaker Roche and German online food delivery group Delivery Hero.

Global vaccine and drugmaker GSK the FDA in February to expand approval beyond adults 60 and older, citing showing the immune response in adults vaccinated from this younger age group looked similar.

It’s only the second drug that’s been convincingly shown to delay cognitive decline in patients, following last year’s approval of a similar drug from Japanese drugmaker Eisai.

Meanwhile, a major drugmaker began to experience an Adderall manufacturing delay, according to the FDA.

Pfizer is moving forward with a weight-loss pill as the drugmaker seeks to crack the multibillion-dollar market for obesity medications and mount a comeback from its post-pandemic malaise.

Several media reports had suggested that the Anglo-Swedish drugmaker, one of the biggest drugmakers in China, had drafted plans to spin off its business in the region.

Shares of Novavax jumped as much as 50% on Monday as Wall Street cheered the company's new multibillion-dollar deal with French drugmaker Sanofi that sparked a dramatic turnaround for the struggling vaccine maker.

The complaint also said the process of declaring a drug unaffordable didn’t include sufficient safeguards to ensure due process and to make sure that any price included an adequate profit margin for the drugmaker.

The field is fairly crowded, including Nasdaq-listed firms Viking Therapeutics, Amgen and Terns Pharmaceuticals and German drugmaker Boehringer Ingelheim.

British officials gave the go-ahead for a vaccine developed by American drugmaker Pfizer and Germany’s BioNTech today.