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Pharmaceutical Company

All articles tagged with #pharmaceutical company

health-safety1 year ago

"Japanese Health Supplement Recall: 5 Deaths and 100+ Hospitalizations"

Five people have died and over 100 have been hospitalized after taking a Japanese health supplement containing an ingredient called benikoji, a red species of mold. The pharmaceutical company, Kobayashi Pharmaceutical Co., faced criticism for not disclosing internal problems earlier and has issued a recall for the products. The company's president apologized for the situation and expressed remorse to the affected individuals and their families. Japan's health ministry has warned that the number of deaths could increase, and the recalled products include various items containing benikoji. The incident has raised concerns about the deregulation initiatives that simplified approval for health products in Japan.

financehealthcare1 year ago

"Novo Nordisk's Breakthrough Weight Loss Drug Outshines Competitors in Clinical Trials"

Novo Nordisk's stock rose after positive results from a clinical trial for its experimental weight-management drug, amycretin, which showed a 12% placebo-adjusted weight reduction after 12 weeks of treatment. However, it's too early to consider amycretin a blockbuster, and investors should be cautious due to the limited trial size and potential safety concerns. While Novo Nordisk's overall sales are growing, the stock's high valuation presents significant risk, and it may be best to wait for a more attractive valuation before considering an investment.

politics1 year ago

"The Quiet Funding of Conservative Causes by a Major American Pharma Family"

The G.D. Searle pharmaceutical company's family fortune, channeled through the Searle Freedom Trust, has quietly funded conservative causes, with over $200 million in grants distributed to conservative nonprofits over the last decade. The trust, set to close in 2025, has more than $59 million left to spend and has supported groups advocating for conservative policies, weakening child labor laws, stricter voting rules, gutting affirmative action policies, and climate change denial. The trust's influence reflects how generational wealth can shape political debates, and its endowment stems from the pharmaceutical company's development of common medicines and supplements, including the first birth control pill.

business2 years ago

French Authorities Investigate Sanofi for Possible Market Manipulation

French prosecutors have launched a preliminary investigation into multinational pharmaceutical company Sanofi over potential market manipulation. The investigation is focused on allegations of disseminating false or misleading information and price manipulation related to the company's past financial communications. Sanofi denies any knowledge of the investigation and asserts the accuracy of its financial accounts. The company recently revised its forecasts for 2024/5, leading to a significant drop in its share price.