Friday, 12 August 2022

Parts of China's Hainan extend COVID lockdown, Lhasa in Tibet tightens curbs

Parts of China's Hainan extend COVID lockdown, Lhasa in Tibet tightens curbs

A few cities in China's tourism hub Hainan extended lockdowns on Friday, with some of the measures expected to last through the weekend, while Lhasa in Tibet also tightened restrictions, among the latest curbs to contain COVID clusters in the country.

Monkeypox spread may be slowing in Canada, health official says

There are early signs that the spread of monkeypox infections are starting to slow down in Canada, but it was "too soon to tell" whether cases had plateaued, chief public health officer Theresa Tam said on Friday.

Seagen loses arbitration against Daiichi Sankyo over drug technology

U.S. drugmaker Seagen Inc said on Friday an arbitrator had ruled in favor of Japan's Daiichi Sankyo over an agreement between the two companies for using its drug technology.

Biotech stocks pin bounce back hopes on M&A boost

Plunging valuations have made biotech companies tempting acquisition targets for cash-rich Big Pharma and a flurry of deals is just what the battered sector needs to turn a corner.

Polio virus found in New York City wastewater, suggesting local transmission

Health officials identified the virus that causes polio in New York City's wastewater, suggesting local transmission of the virus, state authorities said on Friday, urging unvaccinated New Yorkers to get vaccinated.

Abbott to add 1,000 jobs in $450 million Irish investment

U.S. healthcare company Abbott Laboratories plans to hire 1,000 more people in Ireland in one of the biggest job announcements this year in the country's booming multinational sector, state investment agency IDA Ireland said on Friday.

In Caracas, equine therapy offers hope for disabled kids from low-income families

Claireth Mendoza's six-year-old son Drake squirms in his mother's lap. She asks him to raise his head and the boy straightens up.

Factbox: Vaccines delivered under COVAX sharing scheme for poorer countries

The COVAX facility, backed by the World Health Organization (WHO) and the Global Alliance for Vaccines and Immunization (GAVI), has delivered 1.61 billion COVID-19 vaccine doses to 146 countries, GAVI data shows.

U.S. move to negotiate drug prices a rare defeat for Big Pharma

Big Pharma spent more than any other industry to lobby Congress and federal agencies this year, a Reuters analysis shows, but is still on course for a major defeat by failing to stop a bill that allows the government to negotiate prices on select drugs.

Drugmakers' shares stabilise after Zantac litigation slump

Shares in GSK , Sanofi , Haleon and Pfizer began to recover on Friday after the companies said that nothing material had changed regarding U.S. litigation focused on heartburn drug Zantac.

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