Latest Pharmaceutical manufacturing News

FILE - In this June 20, 2018 file photo, Catoctin Creek Distillery whiskey is on display in a tasting room in Purcellville, Va. American dairy farmers, distillers and drug makers have been eager to break into India, but it look like they'll have to wait. Indian is the world’s seventh-biggest economy but it's also a tough-to-penetrate colossus of 1.3 billion people. Trade talks between the Trump administration and New Delhi were intended to forge at least a modest deal in time for President Donald Trump’s visit to India that begins Monday. But the talks appear to have fizzled for now. It's important to remember that Trump and Indian Prime Minister Narendra Modi are fierce nationalists who favor protecting their own producers over opening their markets to foreign competition. (AP Photo/Steve Helber, File)

India, US struggling to bridge trade dispute as Trump visits

Feb. 22, 2020 12:30 PM EST

WASHINGTON (AP) — American dairy farmers, distillers and drugmakers have been eager to break into India, the world’s seventh-biggest economy but a tough-to-penetrate colossus of 1.3 billion people. Looks like they’ll have to wait. Talks between the Trump administration and New Delhi, intended...

In this Friday, Feb. 14, 2020 photo, Dr. Robert Bayer holds a jar of frozen lobster blood in his lab in Orono, Maine. Bayer's company, Lobster Unlimited of Orono, is investigating whether lobster blood can be used as a potential weapon against viruses and cancer, and representatives said results are promising. The U.S. Patent and Trademark Office issued the company a patent in late October related to its work. (AP Photo/Robert F. Bukaty)

Claws of health? Lobster blood could play role in new drugs

Feb. 19, 2020 12:01 PM EST

PORTLAND, Maine (AP) — Maine lobsters have long delighted tourists as the state's most beloved seafood. But one company thinks the crustaceans can save human lives by providing their blood for use in new drugs. The effort, involving a longtime lobster scientist, wouldn't be the first example of coastal...

In this Jan. 31, 2020, photo, Ann Lovell carries her box of prescriptions after returning to Salt Lake City International Airport following her visit to Tijuana, Mexico. Lovell travels every few months to Tijuana, Mexico, to buy medication for rheumatoid arthritis with tickets paid for by the state of Utah's public insurer. Lovell is one of about 10 state workers participating in a year-old program to lower prescription drug costs by having public employees buy their medication in Mexico at a steep discount compared to U.S. prices. (AP Photo/Rick Bowmer)

Utah sends employees to Mexico for lower prescription prices

Feb. 9, 2020 10:57 AM EST

SALT LAKE CITY (AP) — Ann Lovell had never owned a passport before last year. Now, the 62-year-old teacher is a frequent flier, traveling every few months to Tijuana, Mexico, to buy medication for rheumatoid arthritis — with tickets paid for by the state of Utah’s public insurer. Lovell is...

French lab scientists in hazmat gear inserting liquid in test tube manipulate potentially infected patient samples at Pasteur Institute in Paris, Thursday, Feb. 6, 2020. Scientists at the Pasteur Institute developed and shared a quick test for the new virus that is spreading worldwide, and are using genetic information about the coronavirus to develop a potential vaccine and treatments. (AP Photo/Francois Mori)

Experts scramble, but new virus vaccine may not come in time

Feb. 6, 2020 8:42 PM EST

WASHINGTON (AP) — The flu-like virus that exploded from China has researchers worldwide once again scrambling to find a vaccine against a surprise health threat, with no guarantee one will arrive in time. Just days after Chinese scientists shared the genetic map of the culprit coronavirus, researchers at...

In this Wednesday, Feb. 5, 2020, photo, medical staff prepare beds at a temporary hospital which transformed from an exhibition center for accepting patients who diagnosed with the coronaviruses in Wuhan in central China's Hubei province. Ten more people were sickened with a new virus aboard one of two quarantined cruise ships with some 5,400 passengers and crew aboard, health officials in Japan said Thursday, as China reported 73 more deaths and announced that the first group of patients were expected to start taking a new antiviral drug. (Chinatopix via AP)

Chinese doctor who sounded the alarm about the virus dies

Feb. 6, 2020 5:22 PM EST

BEIJING (AP) — A Chinese doctor who got in trouble with authorities in the communist country for sounding an early warning about the coronavirus outbreak died Friday after coming down with the illness. The Wuhan Central Hospital said on its social media account that Dr. Li Wenliang, a 34-year-old...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Feb. 6, 2020. Asian stock markets have surged after President Donald Trump was acquitted in an impeachment trial and China promised tax cuts and other help to businesses reeling from a virus outbreak. (AP Photo/Ahn Young-joon)

Global stocks surge after Trump acquitted, China virus aid

Feb. 6, 2020 7:57 AM EST

Global stocks rose Thursday after U.S. President Donald Trump was acquitted in an impeachment trial and China cut tariffs on U.S. imports and provided aid to businesses reeling from a virus outbreak. European markets were up modestly, while Tokyo, Hong Kong and Seoul rose more than 2%. Wall Street futures pointed...

FILE- This May 1, 2018, file photo shows Merck corporate headquarters in Kenilworth, N.J.  Merck is posting a 29% jump in fourth-quarter profit and it's spinning off its women's health division and other operations that churn out $6.5 billion in annual revenues. The drugmaker on Wednesday, Feb. 5, 2020 reported net income of $2.36 billion, up from $1.83 billion, a year earlier.   (AP Photo/Seth Wenig, File)

Merck to spin off assets with $6.5B in sales; 4Q profit up

Feb. 5, 2020 4:48 PM EST

Drugmaker Merck beat Wall Street's fourth-quarter profit expectations, but investors weren't as happy with the biggest move Merck's made in years: deciding to spin off its women's health division and other operations with $6.5 billion in annual revenues. The maker of cancer blockbuster Keytruda announced the...

Macy's, Humana rise; Merck, Ford Motor fall

Feb. 5, 2020 4:30 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: Merck & Co., down $2.53 at $85.83 The drugmaker reported weak fourth-quarter revenue and said it will spin off its women's health and other divisions. Humana Inc., up $22.05 at $364.80 The health insurer reported...

A currency trader talks on the phone at the foreign exchange trading room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Feb. 4, 2020. Shares advanced in Asia on Tuesday, with the Shanghai Composite up 0.2% after a rebound on Wall Street overnight. (AP Photo/Ahn Young-joon)

Asia shares gain, Shanghai up slightly after Wall St rebound

Feb. 3, 2020 11:28 PM EST

BANGKOK (AP) — Shares advanced in Asia on Tuesday, with the Shanghai Composite up 0.2% after a rebound on Wall Street overnight. Markets were still far from giving the all-clear on the virus outbreak that has spread to more than 20 countries and killed more than 400 people. But calm returned after...

A worker wearing a protective suit stands in front of an electronic display board in the lobby of the Shanghai Stock Exchange building in Shanghai, Monday, Feb. 3, 2020. The Shanghai Composite index tumbled 8.7% Monday then rebounded slightly as Chinese regulators moved to stabilize markets reopening from a prolonged national holiday despite a rising death toll from a new virus that has spread to more than 20 countries. (AP Photo)

Chinese market dives 8% but other world stocks stable

Feb. 3, 2020 7:52 AM EST

BANGKOK (AP) — China's main stock index tumbled nearly 8% Monday as the country's markets reopened and regulators sought to calm investors over the impact of a virus that has spread to more than 20 countries and killed more than 360 people. Other markets, including in Europe and Wall Street futures, were...