Search results for "pharma"

Vaccine maker BioNTech says no need to waive patents

The head of German pharmaceutical company BioNTech said Monday that there is no need to waive patents on coronavirus vaccines because manufacturers will be able to produce enough shots to supply the world over the coming year. Ugur Sahin, the chief executive of BioNTech, rejected the U.S.-backed proposal to temporarily lift some intellectual property rights […]

Pfizer's posts $4.9B 1Q profit as vaccine strategy pays off

Selling vaccines during a pandemic has boosted Pfizer’s bottom line and proven that a strategy it embarked upon over a decade ago is now paying off handsomely. The New York-based pharmaceutical giant reported Tuesday that it earned $4.9 billion in the first three months of the year and it dramatically raised its profit forecast for […]

Sanctioned Russian IT firm was partner with Microsoft, IBM

The Treasury Department on Thursday slapped six Russian technology companies with sanctions for supporting Kremlin intelligence agencies engaged in “dangerous and disruptive cyber attacks.” But only one of them stands out for its international footprint and partnerships with such IT heavyweights as Microsoft and IBM. That company, Positive Technologies, claims more than 2,000 customers in […]

EU throws weight behind Pfizer-BioNTech and new technology

In a stinging rebuke to pharma giant AstraZeneca Wednesday, the European Union announced plans to negotiate a massive contract extension for Pfizer-BioNTech’s COVID-19 vaccine insisting the 27-nation bloc had to go with companies that had shown their value in the pandemic. “We need to focus on technologies that have proven their worth,” said EU Commission […]

United Airlines highlighting new emphasis on sustainable fuel along with global corporate partners

United Airlines is setting a course toward a sustainable future with the launch of its Eco-Skies Alliance – working with the airline, more than a dozen leading global corporations will collectively contribute towards the purchase of approximately 3.4 million gallons of sustainable aviation fuel (SAF) this year. With its nearly 80 percent emissions reductions on a […]

Official: EU agency to confirm AstraZeneca blood clot link

A top official at the European Medicines Agency says there’s a causal link between AstraZeneca’s coronavirus vaccine and rare blood clots, but that it’s unclear what the connection is and that the benefits of taking the shot still outweigh the risks of getting COVID-19. Marco Cavaleri, head of health threats and vaccine strategy at the […]

AUB starts U.S.-based company for research on cardiovascular disease

In a MedTech first for the Mediterranean country of Lebanon, a team from the American University of Beirut (AUB) has established a biotech corporation in the U.S. devoted research on biomarkers for cardiovascular disease. The school told Inside Telecom that team physicians and scientists from AUB have founded the first US-based biotech S-Corporation, Teucer Biotech […]

Amid pandemic and other factors, global vaccine market to hit over $43 billion by 2027

The global vaccine, storage, and packaging market size in anticipated to hit $43.3 billion by 2027 and a 10 percent growth rate during over the forecast period, 2020 to 2027, according to market intelligence firm Million Insights. The rising number of investments undertaken by biopharmaceutical companies and healthcare institutions to carry out R&D is projected […]