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MARKET REPORT: Pharma giants Astrazeneca and Glaxosmithkline boosted as Covid-19 vaccine hopes grow By Francesca Washtell For The Daily Mail Published: 21:50 BST, 7 September 2020 | Updated: 21:50 BST, 7 September 2020 Markets started the week on the front foot as pharmaceuticals firms large and small made strides in the battle to beat Covid-19. … Read more
MARKET REPORT: In the battle to beat coronavirus, London-listed companies both large and small punch well above their weight By Francesca Washtell For The Daily Mail Published: 22:19 BST, 27 August 2020 | Updated: 22:21 BST, 27 August 2020 In the battle to beat Covid-19, London-listed companies both large and small have punched well above … Read more
Verona Pharma became the latest biotechnology minnow to wow London investors with its work to help combat Covid-19. The AIM-listed group has been given permission by US authorities to test an inhaler containing its drug ensifentrine on hospitalised coronavirus patients in Alabama. It believes the chronic obstructive pulmonary disease (COPD) treatment could help reduce inflammation … Read more
Big Pharma spent nearly $250 MILLION to sway lawmakers amid the pandemic: Firms making coronavirus drugs and vaccines like Biogen and Novartis accounted for 25% of all lobbying spending in the first quarter of 2020 Researchers found the health sector spent $250million lobbying lawmakers from January 1 to March 31 of 2020 This accounts of … Read more
Redx Pharma joined the recent spate of junior biotech success stories with an 80 per cent jump to 45p on the back of a licencing deal with AstraZeneca. The FTSE 100 giant will pay $17million to develop Redx’s RXC006 for idiopathic pulmonary fibrosis, where progressive scarring of the lungs is usually fatal. If it makes … Read more
Jonathan Sackler, co-owner of Purdue Pharma, dead of cancer at 65 Jonathan Sackler, one of the owners of Purdue Pharma, has died aged 65 His death was revealed in a court filing which lists the cause as cancer Purdue, which makes painkiller OxyContin, is at the center of US opioid crisis Company is facing thousands … Read more
Pascal Soriot is on a mission. Not satisfied that in the midst of the coronavirus pandemic AstraZeneca has become Britain’s most valuable company, he believes that his scientists – together with those of Oxford University – are well on the way to producing the first proven vaccine against SARS-CoV-2, the virus behind the pandemic. Not … Read more
ALEX BRUMMER: Pharmaceutical analysts in overdrive at prospect of mega-merger between Astrazeneca and Gilead By Alex Brummer for the Daily Mail Published: 22:00 BST, 8 June 2020 | Updated: 22:00 BST, 8 June 2020 Nothing gets the blood running in the investment community like the prospect of a mega-merger. So the possibility of Astrazeneca and … Read more
As global efforts to tackle the pandemic intensify, so the spotlight has finally shifted to focus on the potential of small pharma players during the week beginning 27th April. According to Ivan Sedgwick, a director at corporate finance firm LGB & Co, the poor share price performance of major healthcare names has demoralised investors, forcing … Read more
Testing has always been key to battling coronavirus. But, now that governments are shifting their attention to easing lockdown restrictions, testing both for the active virus and the evidence someone has already had it are more important than ever. Two British pharmaceuticals groups shone on AIM yesterday on their testing-related milestones. Novacyt has inked a … Read more