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Growth Ambitions

All articles tagged with #growth ambitions

pharmaceuticals2 years ago

"Merck KGaA's Evobrutinib Fails in Late-Stage Trials, Dealing Major Blow to MS Drug"

Merck KGaA's experimental multiple sclerosis drug, evobrutinib, has failed to meet its primary goal in late-stage trials, dealing a significant blow to the company's growth ambitions. The drug did not reduce the annualized relapse rate compared to Sanofi's Aubagio in patients with relapsing multiple sclerosis. Merck was considered ahead of competitors such as Sanofi, Novartis, and Roche in developing more targeted MS drugs known as Bruton's tyrosine kinase inhibitors. The failure of evobrutinib adds to Merck's recent setbacks, including the discontinuation of its cancer drug bintrafusp alfa and weak demand for specialty materials.

business2 years ago

Apple expands retail presence in India with new store openings.

Apple is set to open its first retail stores in India, with Apple BKC in Mumbai opening on April 18 and Apple Saket in Delhi opening on April 20. Despite the limited market for high-end smartphones and laptops in India, Apple sees potential for growth in the country. The company has been actively recruiting employees in preparation for the store openings and is also working to turn India into a key global hardware manufacturing hub.