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US FDA puts Mersana Therapeutics' ovarian cancer drug studies on partial hold

Mersana Therapeutics said on Thursday the U.S. Food and Drug Administration (FDA) had paused enrollment in two studies of its ovarian cancer drug after five deaths in bleeding-related events, sending shares of the company tumbling.

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Bayer reaches $6.9 mln settlement with New York over Roundup weedkiller

Bayer AG has reached a $6.9 million settlement with New York for allegedly making false and misleading claims regarding the safety of Roundup weedkillers, the state's Attorney General Letitia James said on Thursday.

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Serbia discusses price of French Rafale jets, in shift from ally Russia

Serbia is still seeking to buy Rafale fighter jets from France's Dassault but is discussing the price and related weapons systems, the president said on Friday, in a further sign of Belgrade's shift away from its longtime arms supplier Russia.

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UPDATE 1-Hungary tweaks windfall taxes, sets 13% levy on some investments

Hungary has tweaked windfall taxes for key sectors of its economy, increasing the burden further on large retailers while cutting the extraordinary tax payable by drug producers.

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AstraZeneca to stop developing Crohn's disease drug

British drugmaker AstraZeneca said on Thursday it would stop developing its drug brazikumab to treat inflammatory bowel diseases, including Crohn's disease and ulcerative colitis.

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Australian shares post worst week since mid-March on US debt jitters

Australian shares inched higher on Friday, although the index posted its worst weekly performance in more than two months with investors staying on the sidelines as the deadline nears for the U.S. debt ceiling talks to avoid a default.

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UPDATE 1-Agrichemicals company Syngenta reports higher Q1 sales and profit

Swiss agrichemicals group Syngenta on Thursday reported higher first-quarter sales and profit, having passed on higher costs to farmers buying its seeds and sprays.

Shanghai , China , United-states , New-york , Switzerland , Zurich , Züsz , Germany , London , City-of , United-kingdom , Swiss

GSK to buy Canada's Bellus Health for $2 bln

GSK Plc will buy Canada-based late-stage biopharma firm Bellus Health Inc in an all-cash deal for $2 billion, the companies said in a joint statement on Tuesday. (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Savio D'Souza)

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Tanzania detects its first-ever cases of the highly fatal Marburg viral disease

Tanzania has confirmed its first-ever cases of Marburg, a high-fatality viral hemorrhagic fever with symptoms broadly similar to those of Ebola, the World Health Organisation (WHO) said.

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