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Contract manufacturing giant WuXi Bio's stock plummets as it warns of $400M revenue missA challenging year for the biotech industry has taken a heavy toll on Chinese manufacturer WuXi Biologics, sending the company’s stock plummeting nearly 24% Monday. Meanwhile, the greater contract de2023/11/23
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South Africa's Aspen expands reach with $100M buy of Sandoz's Chinese businessSouth Africa’s Aspen Pharmacare is growing its global footprint with a new agreement, worth up to 92.6 million euros ($100.3 million), to buy Sandoz’s China operations. The dealincludescommercializat2023/11/21
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Lawmakers want to know why it took the FDA so long to rule on decongestant phenylephrineLast year, roughly 250 products that contain the decongestant phenylephrine—including popular brands such as Sudafed, NyQuil, Benadryl and Tylenol—rang up sales of nearly $1.8 billion. Just one probl2023/11/21
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High-flying Fujifilm splashes $200M to beef up cell therapy capacityFujifilm Corporation is spreading the wealth across two production units as the contract development and manufacturing organization (CDMO) juggernaut works through a cell therapy expansion. The paren2023/11/16
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Oxford Biomedica strikes €15M deal to acquire French CDMO ABL EuropeOxford Biomedica agreed to acquire French CDMO ABL Europe, a subsidiary of Institut Mérieux, for15 million euros($16 million) in a deal that will give the drugmaker expanded viral vector capabilities2023/11/16
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Texas AG Paxton fires off another lawsuit at Pfizer, this one over the company's COVID-19 vaccineTexas Attorney General Ken Paxton is going after Pfizer—again. Less than two weeks after documents were unsealed showing that Texas has accused Pfizer and manufacturer Tris Pharma of providing a2023/11/14
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Novartis expands radiotherapy manufacturing network with $85M plant in ChinaWhen it comes to expanding radiotherapy manufacturing capacity for Lutathera and Pluvicto, Novartis is putting its money where its mouth is. The Swiss pharma is building a new radiotherapy production2023/11/14
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J&J books manufacturing space at Fujifilm Diosynth's upcoming mega-plant in North CarolinaWith a year and change still left before Fujifilm Diosynth cuts the ribbon on a massive biomanufacturing facility in North Carolina, the CDMO has already lined up its first client. Johnson & John2023/11/10
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With FDA approval, Eli Lilly's weight loss drug Zepbound arrives to challenge Novo NordiskIn the Big Pharma battle to treat obesity, Novo Nordisk sprinted to an early lead, but Eli Lilly is catching up quickly. Wednesday, the Indianapolis-based companyscored FDA approvalfor its GIP/GLP-12023/11/10
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Strides African unit nabs WHO first with nod to produce malaria treatmentUniversal Corporation Limited, a unit of Strides Pharma Science, became the first African drug manufacturer to snare a World Health Organization (WHO)pre-qualification(PDF) to produce the anti-malari2023/11/7