Today: September 12, 2024
Today: September 12, 2024

Biotech

Business|Finance|Health

Thermo Fisher lifts profit forecast as biotech demand shows signs of improvement

Thermo Fisher on Wednesday raised its annual profit outlook and posted a better-than-expected second-quarter profit, banking on improved demand for its tools and services used in clinical

Thermo Fisher lifts profit forecast as biotech demand shows signs of improvement
Business

Illumina ordered by EU antitrust regulators to sell Grail

U.S. genetic testing company Illumina has been ordered by EU antitrust regulators to sell cancer test maker Grail after it completed the deal before securing their

Illumina ordered by EU antitrust regulators to sell Grail
Business

Gilead quarterly results beat Street estimates as profit up on lower taxes

Drugmaker Gilead Sciences on Tuesday said third-quarter sales were little changed from a year earlier, but earnings rose 21% due mainly to lower taxes.

Gilead quarterly results beat Street estimates as profit up on lower taxes
Business

Japan's Ajinomoto to buy US-based Forge Biologics for $546 million

Japan's Ajinomoto said on Monday it agreed to acquire U.S.-based genetic medicines maker Forge Biologics Holdings for 82.8 billion yen ($546 million).

Japan's Ajinomoto to buy US-based Forge Biologics for $546 million
Business|News|Political|World

US biotech company halts sales of DNA kits in Tibet, as lawmakers mull more export controls on China

Thermo Fisher, an American biotech company, has halted sales of its DNA testing products in Tibet, amid concerns that its products might have assisted the Chinese government in a surveillance campaign in the ethnic region

US biotech company halts sales of DNA kits in Tibet, as lawmakers mull more export controls on China
News

US House bill would curb genetic info sharing with China's Wuxi Apptec, BGI

A congressional committee focused on China has introduced a bill that would restrict federally funded medical providers from allowing China's BGI Group, WuXi Apptec and

US House bill would curb genetic info sharing with China's Wuxi Apptec, BGI
Business

US bill poses risk to Wuxi AppTec and its Western drugmaker partners

A draft U.S. bill that has triggered a sell-off in shares of China's biotech firm Wuxi Apptec could deal a major blow not just to the firm but could also impact

US bill poses risk to Wuxi AppTec and its Western drugmaker partners
Business

US lawmakers call for sanctions on China's WuXi AppTec biotech firm

The U.S. should review Chinese biotech firm WuXi AppTec and its affiliate WuXi Biologics for sanctions, a bipartisan group of lawmakers told top Biden

US lawmakers call for sanctions on China's WuXi AppTec biotech firm
News

US bill on Chinese biotech firms may be more 'narrowly tailored', lawmaker says

A bill in the U.S.

US bill on Chinese biotech firms may be more 'narrowly tailored', lawmaker says
Business

Exclusive-China's WuXi AppTec shared US client's data with Beijing, US intelligence officials told senators

U.S. intelligence officials in late February told senators working on a biotech security bill that Chinese pharmaceutical firm WuXi

Exclusive-China's WuXi AppTec shared US client's data with Beijing, US intelligence officials told senators
Political

Lawmakers urge Biden to call out more Chinese biotech firms

A Republican and a Democratic member of Congress are calling on the Biden administration to add seven Chinese biotech firms to a list created by the Defense Department to

Lawmakers urge Biden to call out more Chinese biotech firms
Business|Economy

Thermo Fisher lifts profit forecast as medical equipment demand improves

Thermo Fisher on Wednesday beat Wall Street estimates for quarterly profit and raised its annual profit forecast, betting on improved demand for its products and services used in drug

Thermo Fisher lifts profit forecast as medical equipment demand improves
Business|Health

Amgen investors await weight-loss drug data

Amgen investors eyeing dramatic share price gains for rivals with successful obesity drugs will be focused on any updates the biotech company may provide on its own weight-

Amgen investors await weight-loss drug data
Business|Economy|Health

Illumina reaffirms annual revenue forecast over continued sluggish demand

Illumina reiterated its 2024 revenue forecast on Thursday, expecting continued weak demand from its customers such as medical research labs and hospitals.

Illumina reaffirms annual revenue forecast over continued sluggish demand
Business|Economy

US House committee advances bill to restrict BGI, WuXi AppTec

U.S. legislation that would restrict business with China's BGI, WuXi AppTec and certain other biotech companies on national security grounds was approved by a U.S.

US House committee advances bill to restrict BGI, WuXi AppTec
News|Political

US lawmakers ask FBI for briefing on GenScript Biotech's links to China

The U.S.

US lawmakers ask FBI for briefing on GenScript Biotech's links to China
Business|Health|Science

Roche partners with Ascidian Therapeutics to develop gene therapies

Swiss drugmaker Roche will team up with privately held biotech Ascidian Therapeutics to develop gene therapies targeting difficult to treat neurological diseases, the Boston-based startup

Roche partners with Ascidian Therapeutics to develop gene therapies
Business|Health

Sanofi-backed Formation Bio raises $372 million in late-stage funding round

AI-based drug developer Formation Bio said on Wednesday that it has raised $372 million in a late-stage funding round, with a significant participation from French drugmaker Sanofi.

Sanofi-backed Formation Bio raises $372 million in late-stage funding round
Business|Health

Therapy developer Alumis seeks up to $1 billion valuation in US IPO

Alumis is targeting a valuation of up to $1.01 billion in its initial public offering in the United States, the therapy developer said on Monday.

Therapy developer Alumis seeks up to $1 billion valuation in US IPO
Business|Health

Novo owner backs Swiss biotech Asceneuron in $100 million round

Swiss biotech company Asceneuron said on Tuesday it had raised $100 million from investors including the controlling shareholder of Wegovy maker Novo Nordisk to fund

Novo owner backs Swiss biotech Asceneuron in $100 million round
Business|Health|Technology

Agilent to buy contract drug manufacturer Biovectra for $925 million

Agilent Technologies said on Monday it will acquire contract drug manufacturer Biovectra for $925 million to expand its portfolio of services offered to biotech companies and medical

Agilent to buy contract drug manufacturer Biovectra for $925 million
Business|Health|Science

Moderna co-founder Robert Langer to step down from vaccine maker's board

Robert Langer, co-founder and a key figure behind Moderna's scientific success, will step down from the vaccine maker's board on Aug. 5, the company said on Tuesday.

Moderna co-founder Robert Langer to step down from vaccine maker's board

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