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Top News In பார்மா சின்த் சூத்திரங்கள் வரையறுக்கப்பட்டவை Today - Breaking & Trending Today

US bets $1.2B on Merck's last hope for a COVID-19 drug


Dive Brief:
The U.S. government has agreed to pay Merck & Co. $1.2 billion for roughly 1.7 million courses of an experimental COVID-19 drug should the treatment, currently in late-stage testing, win emergency authorization.
The drug, known as molnupiravir, is an antiviral pill being tested in COVID-19 patients who haven t yet been hospitalized. In addition to the U.S. deal, Merck, which is developing the treatment as part of a partnership with biotech Ridgeback Biotherapeutics, is also discussing advanced purchase agreements with other governments. The pharma has alliances with generic manufacturers to provide access to the drug in low- and middle-income countries. ....

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Targets being tweaked by prepared pharma


Targets being tweaked by prepared pharma
20:53 | 09/06/2021
illustration photo. Source: freepik.com
According to financial statements from Vietnamese pharma titans like DHG Pharmaceutical JSC, Traphaco JSC, and Imexpharm Pharmaceutical JSC (IMP), there were strong rises in both revenues and profit in the first months of 2021.
DHG, the biggest publicly-traded drugmaker, made consolidated revenue of $50 million, up from just over $40 million in the same period last year. Consolidated after-tax profit hit $8.87 million, up 15.24 per cent on-year.
Similarly, Traphaco, the country’s second-largest publicly-traded drugmaker, saw on-year rises of 20.87 per cent and 34.06 per cent in consolidated revenue and consolidated after-tax profit respectively during the period. IMP, Vietnam’s fourth-biggest, witnessed a 23.1 per cent on-year increase in before-tax profit in the first four months, while its net revenue rose 9 per cent. ....

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Novartis extends operations at U.K. plant for another year, keeping some 200 workers on board


Jun 9, 2021 11:21am
This marks the second time Novartis has decided to extend operations at its soon-to-be-shuttered Grimsby plant.
As Novartis shifts away from the production of older, less profitable drugs, the drugmaker has placed a slew of production facilities in the cost-cutting crosshairs. But with the company facing increased demand for two unnamed products, one plant is set to keep on churning through next year.
More than 200 Novartis manufacturing workers will keep their jobs for another year after the company unveiled plans to continue work at a soon-to-be-shuttered U.K. factory through the end of 2022, BusinessLive reports, quoting site head Ian Johnson. “These changes mean the majority of roles will be required longer,” he said. ....

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Haryana gets order for supplying 60 million Dose-1 & Dose-2 of Sputnik from Pharma Limited :Vij


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Australia's water trading and entitlements market explained


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The breaking of the drought in south-eastern Australia has brought a dramatic reduction in the price of water allocations across the region.
But the price of water entitlements – the permanent right to receive an allocation of water – dipped only marginally with the rain. If anything, entitlement prices have actually started to rise again.
Barbers Creek, a Murray River tributary in the Murray-Darling Basin. 
Nick Moir
Water trading is a big market. The total value of private water entitlements held in the southern Murray-Darling Basin – the Murray, Murrumbidgee and Goulburn systems – is more than $25 billion.
Including the northern Murray-Darling Basin – the Darling River and its tributaries – more than $1.8 billion worth of water allocations are traded, on average, every year. ....

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