Avigan was approved as an anti-flu drug in Japan in 2014.
Drug major Dr. Reddy s Laboratories said on Wednesday it had terminated its clinical study of Fujifilm Holdings Covid-19 treatment Avigan in patients with moderate to severe symptoms in Kuwait.
Dr. Reddy s Laboratories is an Indian multinational pharmaceutical company headquartered in Hyderabad, Telangana.
Data from the Kuwait trial, conducted in partnership with United Arab Emirates-based medical alliance Global Response Aid FZCO (GRA), showed that the difference in time taken by Avigan and placebo to resolve a sustained absence of oxygen in the tissues was not significant enough to continue the trial.
Steven Cohen-led venture capital firm invests in Israel-based startup [The Stamford Advocate, Conn.]
Jan. 23 STAMFORD Point72 Ventures, the venture capital business founded by billionaire hedge fund investor Steven Cohen, announced this week that it was co-leading a $7 million investment in a construction planning technology firm.
The seed funding will support Tel Aviv, Israel-based Swapp in expanding its construction planning platform and artificial intelligence capabilities, according to an announcement of the investment, which was co-led by Venture capital firm Entrée Capital, with existing investors also participating.
“We believe Swapp has the ability to reinvent architecture by automating the entire construction planning process,” Daniel Gwak, a partner at Point72 Ventures, said in a statement. “Swapp’s AI-powered platform is designed to help modernize real estate development by simplifying the slow and fragmented planning process, allowing developers to create a
Radiant Pharma acquires Julphar for Tk 140cr
Radiant Pharmaceuticals has acquired Julphar Bangladesh, a subsidiary of United Arab Emirates-based multinational Julphar Gulf Pharmaceutical Industries, for around Tk 140 crore.
It is the latest development in a series of what seems to be an exodus of multinationals selling off their local ventures such as Pfizer of the US, Hoechst of Germany and Organon Pharmaceuticals of the Netherlands.
Soon to follow suit is Sanofi-Aventis France while GlaxoSmithKline of the United Kingdom has conducted lay-offs at their Bangladesh factory.
Radiant is one of the top 12 companies in terms of sales of drugs in the country. The company makes products for both local and international markets. In 2016, the company s drug sales amounted to Tk 609 crore. In 2020, the company s sales amount was Tk 861 crore.
The National Accountability Bureau has summoned the managing director of a United Arab Emirates-based company in which parliamentary leader of the PML-N Khawaja Muhammad Asif worked for 14 years as a legal adviser Photo courtesy: NAB website/File
LAHORE: The National Accountability Bureau (NAB) has summoned the managing director of a United Arab Emirates-based company in which parliamentary leader of the Pakistan Muslim League-Nawaz (PML-N) Khawaja Muhammad Asif worked for 14 years as a legal adviser, seeking the foreigner’s statement for his (Asif’s) prosecution in the court in the income beyond means case.
The anti-graft body arrested the former foreign minister in this case last month and he is currently under its custody at the Thokar Niazbaig office here on physical remand.