US TO FUND INDIAN DRUGMAKER BIOLOGICAL E TO PRODUCE DOSES OF COVID-19 VACCINE

Highlights

• The US has decided to provide financial assistance to support Indian drugmaker Biological E's effort to manufacture a minimum of 1 billion doses of coronavirus vaccines by the end of 2022

• The four leaders vowed to work collaboratively towards produ...

KENNETH FRAZIER RESIGNS AS CEO OF PHARMA COMPANY MERCK & CO

Highlights

• Chief Executive Officer (CEO) Kenneth Frazier has decided to step down from his post at the end of June and will be replaced by the Chief Financial Officer Robert Davis

• The drugmaker said Frazier, 66, will continue to serve on its board as executive ch...

CONTINUUS PHARMA BAGS $69.3 MILLION CONTRACT TO MANUFACTURE 3 DIFFERENT DRUGS

Highlights
*  This contract was granted by the US Department of Defense (DoD) and Department of Health and Human Services
*  It will also be used for construction of the US' first GMP-certified facility for ICM-driven facility of small-molecule marketed drugs, investig...

U.S. PHARMA COMPANY BAXTER TO INVEST RS 100 CRORE TO SET UP GLOBAL R&D HEADQUARTERS IN INDIA

Highlights

• Baxter has decided to invest a sum of Rs 100 crore in order to set up its global research and development (R&D) headquarters in Ahmedabad, India

• The company at present has a R&D and information technology (IT) centre in the city of Bengaluru al...

WARREN BUFFET'S BERKSHIRE HATHWAY INVESTS HUGE MONEY IN US PHARMA COMPANIES

Highlights

• Berkshire Hathaway, the investment company owned by Warren Buffet has decided to place its bets on pharmaceutical companies in the U.S.

• According to the Bloomberg Billionaires Index, courtesy of these investments, the net worth of Buffet surged to $88 ...

Pfizer MISTAKENLY LEAKS PRIVATE DATA OF DRUG USERS

Highlights

• According to cybersecurity firm vpnMentor, the US pharmaceutical giant Pfizer has suffered data breach courtesy of unsecured cloud storage and mistakenly leaked private data of America’s prescription drug users

• As per vpnMentor, the folder named ...

PFIZER TO INVEST $200 MILLION IN CHINESE PHARMA COMPANY CSTONE

Highlights

• According to the statement issued by Chinese pharmaceutical company, it will receive up to $280 million in payments for sugemalimab, and additional royalties

• As per the deal, the world’s second-largest pharmaceutical company has agreed to purchas...

New deal to expand in Japan

Pharmaceutical companies have been seeing a major change, especially in the United States, which has been facing drug shortages and high drug prices, which have been causing major noise on the global stage, and it has been criticized all over the globe for this. Pharmaceutical companies are being...