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AbbVie’s Third Quarter Net Income Drops 12%, Net Profit Increases by 14%

AbbVie’s Third Quarter Net Income Drops 12%, Net Profit Increases by 14%

2024-10-31

Abbvie announced its financial results for the third quarter ended September 30, 2024, with net income of $1.56 billion, equivalent to $0.88 per diluted share. Net income was down 12 percent from $1.77 billion, or $1 per diluted share, in the same period

Eli Lilly's Donanemab Leads to Patient Deaths in Key Phase 3 Trial

Eli Lilly's Donanemab Leads to Patient Deaths in Key Phase 3 Trial

2024-10-30

The Eli Lilly Company and its partners recently announced positive results from the Trailblazers -ALZ 6 study, a Phase 3b clinical trial evaluating donanemab in patients with early symptomatic Alzheimer's disease (AD).

Controversy Erupts Over South Korea's New Drug Compensation Price Reform: 68 Drugs Face Refund Risks!

Controversy Erupts Over South Korea's New Drug Compensation Price Reform: 68 Drugs Face Refund Risks!

2024-10-30

The Ministry of Health and Welfare (MHW) recently announced an implementation plan to improve the compensation price system for innovative new drugs, which aims to revise the current regulations on drug compensation and price setting. The proposal is curr

GlaxoSmithKline Acquires CMG1A46 for $300 Million

GlaxoSmithKline Acquires CMG1A46 for $300 Million

2024-10-30

In preclinical studies, CMG1A46 has shown rapid and profound B-cell depletion in both blood and tissue, which could lead to a more sustained patient response. The treatment is currently in phase I clinical trials in the United States and China for lymphom

AbbVie Spends $1.4 Billion to Acquire Aliada, Betting on Uncertain Alzheimer’s Treatment Prospects, Stock Price Only Slightly Rises by 1%

AbbVie Spends $1.4 Billion to Acquire Aliada, Betting on Uncertain Alzheimer’s Treatment Prospects, Stock Price Only Slightly Rises by 1%

2024-10-29

AbbVie announced on Monday that it would buy Aliada Therapeutics for $1.4 billion in cash, a bet on an experimental Alzheimer's treatment that is in early development. The acquisition pitted AbbVie, which has a market capitalization of as much as $330 bil

Straumann's Financial Report Reveals: Asia-Pacific Market Grows by 19.7%, while North American Market Grows Only by 2%!

Straumann's Financial Report Reveals: Asia-Pacific Market Grows by 19.7%, while North American Market Grows Only by 2%!

2024-10-29

Straumann (STMN.S), one of Switzerland's leading dental implant makers, reported impressive results on Tuesday. The report shows that the company delivered significant organic revenue growth in the third quarter, with double-digit growth rates, as more pe

Novartis Raises Earnings Expectations Again! Stock Price Soars by 1.7%, but Restructuring and Layoffs Spark Controversy

Novartis Raises Earnings Expectations Again! Stock Price Soars by 1.7%, but Restructuring and Layoffs Spark Controversy

2024-10-29

Novartis, the Swiss pharmaceutical giant, announced on Tuesday that it had raised its 2024 earnings forecast for the third time. This adjustment was mainly due to the strong performance of its prescription drug line, particularly the continu

Shionogi’s COVID-19 Oral Medication Shows Significant Efficacy, but Faces a Crisis with 2 Million Treatment Courses Being Destroyed!

Shionogi’s COVID-19 Oral Medication Shows Significant Efficacy, but Faces a Crisis with 2 Million Treatment Courses Being Destroyed!

2024-10-29

Shionogi & Co., one of Japan's leading drugmakers, said in a statement Tuesday that the results of an ongoing late-stage global clinical trial showed that its oral pill treatment for COVID-19 was significantly effective in reducing the spread of the virus

Only 10% of Vietnam's Pharmaceutical Companies Meet International Standards, with Imexpharm Leading the Pack

Only 10% of Vietnam's Pharmaceutical Companies Meet International Standards, with Imexpharm Leading the Pack

2024-10-28

Through the implementation of the high-tech drug production strategy, Vietnamese companies are committed to ensuring a stable drug supply in the domestic market and actively preparing for integration into the global supply chain system.

Johnson & Johnson and Eli Lilly Face New Challenges in Dermatology Market: 74% of Patients Show Significant Response to Tremfya

Johnson & Johnson and Eli Lilly Face New Challenges in Dermatology Market: 74% of Patients Show Significant Response to Tremfya

2024-10-28

Johnson & Johnson (JNJ) and Eli Lilly (LLY), two pharmaceutical giants, are expected to get new data on their key drugs in the highly competitive dermatology market. Johnson & Johnson evaluated the use of its drug Tremfya in patients with moderate plaque

Merck's RSV Antibody Faces Major Challenges vs. Sanofi's Beyfortus Exhibiting 83% Efficacy in Reducing Hospitalization

Merck's RSV Antibody Faces Major Challenges vs. Sanofi's Beyfortus Exhibiting 83% Efficacy in Reducing Hospitalization

2024-10-28

While Merck & Co. 's infant respiratory syncytial virus (RSV) antibody clesrovimab is nearing approval, sanofi also won approval last year for its RSV prevention drug beyforts in partnership with astrazeneca. This news undoubtedly brings new hope to the g

A Beigene Executive Is Under Investigation By Chinese Authorities

A Beigene Executive Is Under Investigation By Chinese Authorities

2024-10-28

A Beigene executive is under investigation by Chinese authorities, according to several local media reports.

2025 Pharmaceutical Industry Contract Services Forecast to Grow; 49% of Analysts Optimistic About the Future

2025 Pharmaceutical Industry Contract Services Forecast to Grow; 49% of Analysts Optimistic About the Future

2024-10-25

The coming month will be a critical juncture, as growth in contract services is expected to accelerate through 2025, according to the latest research from 280 pharmaceutical companies.

Sanofi Reports 14.4% Profit Growth, Surpassing Expectations, as Vaccine Sales Surge Causes Market Ripple

Sanofi Reports 14.4% Profit Growth, Surpassing Expectations, as Vaccine Sales Surge Causes Market Ripple

2024-10-25

French pharmaceutical giant Sanofi reported its third-quarter financial results on Friday, showing profit growth that beat analysts' expectations. The increase was mainly due to a boost in seasonal vaccine sales.

60% of IV Fluid Products Damaged Due to Hurricane; U.S. Faces Severe Drug Shortage Crisis!

60% of IV Fluid Products Damaged Due to Hurricane; U.S. Faces Severe Drug Shortage Crisis!

2024-10-25

Recently, the Food and Drug Administration (F.D.A.) released information indicating that Hurricane Helen caused significant damage to a manufacturing facility in North Carolina, which further exacerbated the ongoing shortage of intravenous fluids in the U

281.90%! Notch Therapeutics’ Third Quarter Net Profit Soars, Yet Many Pharmaceutical Companies See Significant Declines!

281.90%! Notch Therapeutics’ Third Quarter Net Profit Soars, Yet Many Pharmaceutical Companies See Significant Declines!

2024-10-24

According to the latest statistics, as of October 23, at least 12 pharmaceutical companies have published financial reports for the third quarter of 2024. In terms of net income growth, Notch Therapeutics performed particularly well, with a staggering 281

Novo Nordisk Requests FDA to Ban Generic Drugs: The Truth Behind 400 Serious Adverse Events!

Novo Nordisk Requests FDA to Ban Generic Drugs: The Truth Behind 400 Serious Adverse Events!

2024-10-24

Danish pharmaceutical giant Novo Nordisk filed a formal request with the U.S. Food and Drug Administration (FDA) on Tuesday, asking the agency to ban copycats of its popular drug compounding pharmacies for weight loss and diabetes treatments. Novo Nordisk

60% of IV Fluid Production Disrupted! The U.S. Healthcare System Faces a Severe Shortage Crisis, FDA Urgently Imports Foreign Drugs

60% of IV Fluid Production Disrupted! The U.S. Healthcare System Faces a Severe Shortage Crisis, FDA Urgently Imports Foreign Drugs

2024-10-24

Recently, the U.S. Food and Drug Administration (FDA) revealed that Hurricane Helen caused significant damage to an important manufacturing facility in North Carolina, further exacerbating an IV infusion shortage that has been ongoing for some time.

Sanofi's Negotiations to Sell Opella Stake Exposed, €16 Billion Deal Triggers Threat of Strikes from French Unions!

Sanofi's Negotiations to Sell Opella Stake Exposed, €16 Billion Deal Triggers Threat of Strikes from French Unions!

2024-10-22

Sanofi is currently in "exclusive talks" with U.S. private equity firm Clayton, Dubilier & Rice (CD&R) to sell a 50% controlling stake in its consumer healthcare business Opella.

CDMO Nucleus RadioPharma's Expansion Plans Raise Concerns—Radioactive Drug Production Capacity to Double

CDMO Nucleus RadioPharma's Expansion Plans Raise Concerns—Radioactive Drug Production Capacity to Double

2024-10-22

CDMO Nucleus RadioPharma, two years after completing its first round of funding, is pursuing an aggressive expansion strategy into two key regions that it believes will "significantly optimize" market access in the promising field of cancer treatment.

  • Pharmaceutical Industry Overview

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    Published in: Aug. 2024

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