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AstraZeneca Fraud Case: Over 100 Employees Involved, Medicare Fund Loss Exceeds 1.44 Million

AstraZeneca Fraud Case: Over 100 Employees Involved, Medicare Fund Loss Exceeds 1.44 Million

2024-12-13

The AstraZeneca employee fraud case involves sales personnel in China who allegedly forged or altered tumor gene testing reports to defraud the national Medicare fund, particularly concerning AstraZeneca's lung cancer treatment drug, Tagrisso.

Elon Musk Emphasizes the Potential of GLP-1 Drugs, Calls for Solutions to Healthcare Costs

Elon Musk Emphasizes the Potential of GLP-1 Drugs, Calls for Solutions to Healthcare Costs

2024-12-13

Currently, Musk has not detailed how to achieve this goal, but analysts expect that as these drugs may soon qualify for price negotiations under Medicare, this could be a potential avenue for reducing their costs.

2025: Pharmaceutical Representatives Face Transformation and Opportunities

2025: Pharmaceutical Representatives Face Transformation and Opportunities

2024-12-13

For pharmaceutical representatives, 2025 presents both challenges and opportunities, and the standardized development of the industry will bring new career prospects. In the face of challenges, representatives must enhance their professional qualities and

LinkedIn “Likes” Trigger Investigation of Pharma Giants

LinkedIn “Likes” Trigger Investigation of Pharma Giants

2024-12-12

Recently, investigations by the UK’s Prescription Medicines Code of Practice Authority (PMCPA) have put pharmaceutical giants AstraZeneca and GlaxoSmithKline (GSK) in the spotlight. This incident not only reveals the strictness of compliance overseas but

Trump's New Cabinet May Foster Biopharmaceutical Prosperity

Trump's New Cabinet May Foster Biopharmaceutical Prosperity

2024-12-12

As President Donald J. Trump gradually assembles his cabinet, the appointments of new officials may signal a positive trend for the biopharmaceutical industry over the next four years.

Saudi CPhI Signs $266 Million Gene Therapy Deal

Saudi CPhI Signs $266 Million Gene Therapy Deal

2024-12-12

At the first-ever CPhI (Convention on Pharmaceutical Ingredients) conference held in the Middle East, two Saudi Arabian institutions signed an agreement with Vertex Pharmaceuticals aimed at enhancing the country’s production capacity in the field of gene

Gilead's New Drug Set for 2025 Launch, 99.5% HIV Prevention

Gilead's New Drug Set for 2025 Launch, 99.5% HIV Prevention

2024-12-12

In recent years, Gilead Sciences' most profitable product, Biktarvy, has been the flagship of the company. However, as the patent for this HIV medication is set to expire in 2033, Gilead has unveiled a highly praised strategy at its HIV investor conferenc

China Resources Double Crane Independent Director Penalized for Insider Trading

China Resources Double Crane Independent Director Penalized for Insider Trading

2024-12-12

On the evening of December 11, 2024, China Resources Double Crane Pharmaceutical Co., Ltd. announced that its independent director, Mr. Yu Shunkun, recently received a warning letter from the Beijing Regulatory Bureau of the China Securities Regulatory Co

Former President of Renowned Pharmaceutical Company Sentenced to 3 Years and 6 Months

Former President of Renowned Pharmaceutical Company Sentenced to 3 Years and 6 Months

2024-12-11

Recently, Hanyu Pharmaceutical Co., Ltd. announced that its former president, Yuan Jiancheng, has been sentenced to three years and six months in prison for embezzlement.

Fuller Invests $180 Million to Acquire Two Leaders in Medical Adhesive Technology

Fuller Invests $180 Million to Acquire Two Leaders in Medical Adhesive Technology

2024-12-11

These two companies will operate under Fuller's Health Care, Medical, and Consumer Adhesives Global Business Division (HHC). With a total acquisition price of €180 million, the valuation of these two acquisitions is 15.5 times the pre-synergy EBITDA and i

Heng Rui Pharma Launches Phase III Trial for ANGPTL3 Monoclonal Antibody

Heng Rui Pharma Launches Phase III Trial for ANGPTL3 Monoclonal Antibody

2024-12-11

According to information from the U.S. clinical trial registry Clinicaltrials on December 10, Chinese company Heng Rui Pharma has launched its first Phase III clinical trial (SHR-1918-301) for the ANGPTL3 monoclonal antibody SHR-1918.

1.75-Dose New Drug Achieves 100% Remission in Lymphoma

1.75-Dose New Drug Achieves 100% Remission in Lymphoma

2024-12-11

Merck acquired VelosBio for $2.75 billion in November 2020, gaining its ROR1 ADC drug, zilovertamab vedotin (VLS-101), which was then in early clinical development and had received orphan drug designation (ODD) and fast track designation (FTD) from the U.

AstraZeneca's 490 Million Talent Retention Plan: The Cost of Targeting N+3 Laid-off Employees

AstraZeneca's 490 Million Talent Retention Plan: The Cost of Targeting N+3 Laid-off Employees

2024-12-11

According to the official announcement, AstraZeneca commits to providing a cash reward of 10% of the annual salary for employees below the managerial level, while those at the managerial level and above will receive a 20% equity incentive.

Remarkable Sales Discrepancy of Remimazolam: $40 Million in China, Only $800,000 in the U.S.

Remarkable Sales Discrepancy of Remimazolam: $40 Million in China, Only $800,000 in the U.S.

2024-12-10

In recent years, among the new anesthetic sedation drugs launched on the market, Remazolam has undoubtedly aroused widespread concern in the industry.

Increased Respiratory Pathogen Incidence in Winter! 233 Diagnostic Device Registrations, Wide Market Prospects

Increased Respiratory Pathogen Incidence in Winter! 233 Diagnostic Device Registrations, Wide Market Prospects

2024-12-10

With the arrival of winter and the drop in temperature, the active period of respiratory pathogens has arrived. According to recent surveillance data from the Chinese Center for Disease Control and Prevention, a variety of pathogens are causing acute resp

GSK Invests $1 Billion for Exclusive License of ADC Drug DB-1324

GSK Invests $1 Billion for Exclusive License of ADC Drug DB-1324

2024-12-06

GlaxoSmithKline (GSK) has signed an exclusive licensing agreement with Eucure Biopharma, under which GSK acquires the rights to develop and commercialize the ADC drug DB-1324 globally, excluding mainland China, Hong Kong, and Macau.

Changes in AstraZeneca's Leadership: Iskra Reic Appointed Global Executive, Responsible for Strategy Across Five Continents

Changes in AstraZeneca's Leadership: Iskra Reic Appointed Global Executive, Responsible for Strategy Across Five Continents

2024-12-06

AstraZeneca officially announced on the evening of December 4 that Ms. Iskra Reic has been appointed as Executive Vice President and Head of International Business, succeeding Mr. Wang Lei, who has temporarily stepped down to cooperate with related invest

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AstraZeneca's "Star Program" Fraud Case Involves 30 Million Yuan

2024-12-04

As of the latest official reports, the personnel involved in the AstraZeneca medical insurance fraud case have not mentioned patients or doctors. However, this protracted "insurance fraud" case has yet to reach a conclusion.

UK and South Korea Join Forces! £2.8 Million to Create Intelligent Clinical Trials

UK and South Korea Join Forces! £2.8 Million to Create Intelligent Clinical Trials

2024-12-04

Researchers interested in finding partners in the UK or South Korea are invited to submit expressions of interest before the program launches in January 2025.

Top Hedge Funds Recruit Medical Experts, Seeking New Opportunities Amid Stock Market Volatility with $200 Billion in Assets

Top Hedge Funds Recruit Medical Experts, Seeking New Opportunities Amid Stock Market Volatility with $200 Billion in Assets

2024-12-04

According to Reuters, eight sources have revealed that the world’s top hedge funds are actively recruiting medical professionals, including doctors, scientists, and analysts, to provide in-depth expert analysis on the future trends of pharmaceutical stock

  • Pharmaceutical Industry Overview

    The magazine has been officially published in August 2024 and will be distributed at CPHI Korea 2024 and CPHI Milan 2024. It could be permanently available for download online. We sincerely invite you to join us in the publicity, making full use of the influence of the journal to promote your brand & products, expand your corporate influence in the global market.
    Published in: Aug. 2024

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