Month: November 2019

Morphosys CFO says tafasitamab drug sales potential above $1 billion: magazine

German biotech company Morphosys’ tafasitamab, the group’s most advanced drug which is currently being tested, has sales potential of significantly more than $1 billion a year, its finance chief said in remarks to a magazine.

Fatal attacks on Congo clinics risk resurgence of Ebola epidemic

International organizations warned on Friday of a potential resurgence of Ebola in Congo after deadly militia attacks on health centers forced aid groups to suspend operations and withdraw staff from the epidemic’s last strongholds.

Novartis’s $90 million Swiss factory to help solve cell therapy bottleneck

Swiss drugmaker Novartis’s new $90 million cell and gene therapy factory in northern Switzerland is on track to begin commercial production of treatments, including Kymriah for cancer and Zolgensma for spinal muscular atrophy, in 2020.

Pfizer, Novartis lead pharma spending spree on gene therapy production

Eleven drugmakers led by Pfizer and Novartis have set aside a combined $2 billion to invest in gene therapy manufacturing since 2018, according to a Reuters analysis, in a drive to better control production of the world’s priciest medicines.

FDA approves Global Blood Therapeutics sickle cell disease drug

The U.S. Food and Drug Administration said on Monday it approved a drug from Global Blood Therapeutics Inc to treat sickle cell disease in adults and children 12 years or older.

Blackstone to invest $400 million in gene therapy venture with Ferring

Blackstone Group Inc said on Monday it will invest $400 million in a joint venture with Swiss drug company Ferring that is working on an experimental gene therapy for bladder cancer, the private equity giant’s largest ever bet on drug development.

Takeda says cancer drug Alunbrig shows longer benefit vs. crizotinib

(This Nov. 23rd story corrects fiscal year of expected regulatory approval in the 10th paragraph to March-end 2021, not March-end 2020)

Samoa measles outbreak kills 20, mostly children

Deaths related to measles, mostly among small children, have more than tripled to 20 in the past week on the Pacific island of Samoa, the government has said eight days after declaring a state of emergency over the outbreak.

Pakistan grapples with drug-resistant typhoid outbreak

Early this year Muhammad Haider Sajjad, a thin bespectacled boy of 15, was hospitalized in Karachi, Pakistan’s commercial capital.

Canadian teen developed ‘popcorn lung’ type injury from vaping: report

Researchers in Canada have identified a new kind of vaping-related lung injury they believe is linked to flavorings in conventional vape pens, causing symptoms similar to the “popcorn lung” injury seen in workers exposed to flavorings in microwave popcorn.

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