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Britain's GSK said on Wednesday it expects full-year adjusted earnings to be at the lower end of its forecast as the COVID-19 pandemic disrupts vaccination rates, especially for its blockbuster shingles vaccine. The world's largest vaccine maker now expects 2020 profit to be at the lower end of its forecast of a 1%-4% drop, which did not include any potential impact from the coronavirus crisis.
Eli Lilly& Co. reported lower-than-expected quarterly earnings due to pricing pressure on top products, while the drugmaker said it would proceed with plans to introduce a new Covid-19 antibody treatment despite a setback in one of several clinical studies of its uses. The Indianapolis-based company said it would continue pursuing U.S. authorization for an antibody drug to treat Covid-19 patients in the early course of illness and with a mild to moderate version of the...
Eli Lilly& Co. reported lower-than-expected quarterly earnings due to pricing pressure on top products, while the drugmaker said it would proceed with plans to introduce a new Covid-19 antibody treatment despite a setback in one of several clinical studies of its uses. The Indianapolis-based company said it would continue pursuing U.S. authorization for an antibody drug to treat Covid-19 patients in the early course of illness and with a mild to moderate version of the...
The Ben Franklin Technology Partners of Northeastern Pennsylvanias Board of Directors has approved the investment of $407,130 in support of regional economic development.
The Covid-19 pandemic weighed down sales for some Pfizer Inc. (PFE) drugs in the latest quarter as the company's candidate vaccine for the virus that has caused the public-health crisis continues in a large late-stage trial. The New York City-based company recorded sales of $12.13 billion, compared with $12.68 billion in the same three- month period last year. Analysts surveyed by FactSet had forecast $12.31 billion of sales.
Pfizer Inc (PFE): * THIRD-QUARTER 2020 REVENUES OF $12.1 BILLION. * QUARTERLY REPORTED DILUTED EPS OF $0.39, ADJUSTED DILUTED EPS OF $0.72. * PFIZER - REAFFIRMED ALL 2020 FINANCIAL GUIDANCE COMPONENTS FOR NEW PFIZER AND UPJOHN AND PROJECTED REVENUE CAGR OF AT LEAST 6% FOR NEW PFIZER THROUGH 2025. * Q3 EARNINGS PER SHARE VIEW $0.71, REVENUE VIEW $12.32 BILLION -- REFINITIV IBES DATA.
Bayer agreed to acquire unlisted U.S. biotech firm Asklepios BioPharmaceutical Inc for as much as $4 billion in a bet on gene therapy with the help of modified viruses. Germany's Bayer will pay $2 billion upfront and up to an additional $2 billion in milestone payments contingent on development achievements, it said on Monday.
BERLIN---- Bayer AG today announced the acquisition of Asklepios BioPharmaceutical, Inc., a US-headquartered biopharmaceutical company specialized in the research, development and manufacturing of gene therapies across different therapeutic areas.
Gilead Sciences, Inc. (GILD) today announced the completion of the previously announced transaction to acquire Immunomedics, Inc. (IMMU) for approximately $21 billion in the aggregate. We are very pleased to reach todays milestone and to welcome the talented Immunomedics (IMMU) team to the Gilead family.
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