Tag: world
-
Exclusive: Pfizer weighs sale or spin-off of consumer health unit – sources
By Lauren Hirsch, Olivia Oran and Carl O'Donnell (Reuters) – U.S. drugmaker Pfizer Inc is evaluating a potential sale or spin-off of its consumer health division that could value the unit at as much as $14 billion, people familiar with the matter said on Wednesday. A Pfizer exit from the consumer health business, which includes…
-
Mylan working to finalize EpiPen Medicaid settlement: CFO
Generic drugmaker Mylan NV said on Wednesday it was working to finalize a settlement with the U.S. government over Medicaid rebates for its EpiPen emergency allergy treatment, adding that money set aside for the settlement led to a third quarter loss. The company had previously said it agreed to terms of a settlement set at…
-
Prisoners get out of jail for papal Mass at Vatican
By Philip Pullella VATICAN CITY (Reuters) – Prisoners from around the world attended a special Mass by Pope Francis on Sunday, hearing him call for society to put more trust in rehabilitation, improved jail conditions and more clemency. Francis, who has often criticized the effects of unbridled capitalism, also said those who worship the laws…
-
Prisoners get out of jail for papal Mass at Vatican
By Philip Pullella VATICAN CITY (Reuters) – Prisoners from around the world attended a special Mass by Pope Francis on Sunday, hearing him call for society to put more trust in rehabilitation, improved jail conditions and more clemency. Francis, who has often criticized the effects of unbridled capitalism, also said those who worship the laws…
-
Germany expands diesel probe to include VW board chairman
BERLIN (AP) — German prosecutors have widened their investigation into Volkswagen's handling of the emissions scandal to include its board chairman, Hans Dieter Poetsch, the company said Sunday.
-
VW says will quit world rallying championship in 2017
Volkswagen said it will pull out of the world rally championship at the end of the season in 2017 as part of a strategic shift to help overcome its emissions scandal. “The VW brand is facing tremendous challenges,” VW brand R&D chief Frank Welsch said on Wednesday, citing the carmaker's push into zero-emission technology. Top…
-
India drug industry lobby hits back at antibiotic pollution claims
By Zeba Siddiqui MUMBAI (Reuters) – The head of an Indian drugs industry lobby group on Thursday said media reports linking pollution in some lakes and rivers to factories making antibiotics were not accurate and that drug factories were in compliance with local environmental rules. India’s $17 billion drugs industry is one of the world’s…
-
Women and men won’t reach economic equality until 2186, index says
By Ellen Wulfhorst NEW YORK (Thomson Reuters Foundation) – Efforts to close gender gaps in pay and workforce participation slowed so dramatically in the past year that men and women may not reach economic equality for another 170 years, the World Economic Forum said on Tuesday. Statistics just a year ago predicted the economic gap…
-
ICU Medical to buy Pfizer’s infusion therapy business
(Reuters) – Medical device maker ICU Medical Inc said it would buy Pfizer Inc's global infusion therapy business, Hospira Infusion Systems, for $1 billion in cash and stock. Pfizer will receive $600 million in cash and nearly $400 million in newly issued shares of ICU Medical common stock, giving the drugmaker a stake of about…
-
Morphosys moves closer to getting first antibody drug on market
German biotech Morphosys moved a step closer to getting its first antibody drug onto the market as its licensee, Johnson & Johnson unit Jenssen, reported positive results from a phase 3 study of psoriasis drug guselkumab. Johnson & Johnson said earlier the experimental biotech drug proved more effective at clearing moderate to severe cases of…