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Lab supplier Merck KGaA says U.S. Defense Production Act poses challenge

3 Min Read
FRANKFURT (Reuters) - Merck KGaA on Wednesday said that U.S. regulations that give priority to U.S. government contracts to purchase COVID-19 vaccines are a challenge as it seeks to meet soaring demand for its lab equipment and supplies across the globe.
FILE PHOTO: A logo of drugs and chemicals group Merck KGaA is pictured in Darmstadt, Germany January 28, 2016. REUTERS/Ralph Orlowski/File Photo
“We are actively expanding our capacity to be able to supply this unprecedented and ever increasing demand. Is this being a challenge? Obviously it is being a challenge,” Chief Executive Belen Garijo said in a media briefing when asked what impact the U.S. Defense Production Act is having on its ability to serve vaccine makers elsewhere in the world. ....

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SoftBank reports $37 bln Vision Fund profit on Coupang

By Reuters Staff
1 Min Read
TOKYO, May 12 (Reuters) - SoftBank Group Corp on Wednesday reported a 4.027 trillion yen ($36.99 billion) fourth-quarter profit at its Vision Fund unit after booking a gain on investment Coupang, underscoring its recovery a year after a record loss. ($1 = 108.8600 yen) (Reporting by Sam Nussey; Editing by Kim Coghill) ....

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Seegene reports solid results in the first quarter of 2021 with KRW [...]

12 maggio 2021 06:46
Fonte: Adnkronos
#chimica-e-farmacia
SEOUL, South Korea, May 12, 2021 /PRNewswire/ Seegene Inc. (KQ 096530), a molecular diagnostics company reported its financial results for the first quarter of 2021, with reports showing robust earnings. The biotechnology firm posted KRW 351.8 billion in consolidated revenue, a 330% increase compared to the same period last year and a record for the first quarter. Operating profit at KRW 193.9 billion, also up 388% on-year, reflecting steady growth in its sales of diagnostic tests.
Seegene s Senior Managing Director of IR and PR Department Myungkun Kim said the company was able to manage 55% of annual operating profit ratio, a clear reflection of its ability to effectively manage the firm despite the constant investment in R&D and expansion of manpower. He added that once investments come to fruition, the operating profit ratio will likely surge even further. ....

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Market movers: Stocks seeing action on Wednesday - and why

Market movers: Stocks seeing action on Wednesday - and why
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Results: Birla Corp net profit up 28% in Jan-Mar quarter

Results: Birla Corp net profit up 28% in Jan-Mar quarter
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

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