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drugmakers

DRAP allows drug makers to hike prices

ISLAMABAD: The Drug Regulatory Authority of Pakistan (DRAP) has allowed pharmaceutical companies to increase 14...

Published 20 May, 2023 05:59am

World

Dozens of firms to make cheap version of Merck Covid pill for poorer nations

BRUSSELS: Nearly 30 generic drugmakers in Asia, Africa and the Middle East will make cheap versions of Merck &...

Published 21 Jan, 2022 05:27am

Business & Finance

Novavax expects COVID-19 vaccine supply in Japan well into 2022

Takeda Pharmaceutical Co, Japan's biggest drugmaker, is helping bring the vaccine to the domestic market.
The Japanese drugmaker plans to make about 250 million doses of the Novavax vaccine in Japan every year and is receiving funding from Japan's Health, Labour and Welfare ministry to ramp up production.

Published 07 May, 2021 06:41pm

Business & Finance

AstraZeneca's lower EU vaccine supply target hinges on factory approval: document

The Anglo-Swedish drugmaker said on Friday it would try to deliver 30 million doses to the EU by the end of March, down from a contractual obligation of 90 million and a previous pledge made last month to deliver 40 million doses.
AstraZeneca said in the document seen by Reuters that it is assuming the Halix factory will get the green light on March 25 and has pencilled in deliveries of nearly 10 million doses for the following week.

Updated 13 Mar, 2021 09:10pm

Business & Finance

S. Africa's Aspen forecasts 16-18pc sales growth for half year ended December

The company, which could produce Johnson & Johnson's COVID-19 vaccine by end-March, said revenue from continuing operations is expected to grow between 16% and 18% for the six months ended Dec. 31.
Aspen, which also manufactures active ingredients used in medicines and helps in packaging and filling of final products, is due to report its financial results for half year ended Dec. 31 on March 11.

Published 23 Feb, 2021 09:09pm

World

EU says Pfizer/BioNTech to deliver 75 million extra vaccine doses in second quarter

"BioNTech/Pfizer will deliver 75 million of additional doses in the second quarter of the year - and up to 600 millions in total in 2021," von der Leyen wrote on Twitter.

Published 01 Feb, 2021 02:48pm

Markets

Stocks fall on long-short battle, European vaccine row

Oil prices were steady, sticking to ranges seen in the last three weeks, with stalled vaccine rollouts capping upward momentum.

Published 29 Jan, 2021 02:41pm

Business & Finance

India to start COVID-19 vaccine exports as soon as Wednesday

The first batch of exports will be shipped to the tiny nation of Bhutan, said the officials, who asked not to be named as the plans are not public.
India has received requests from dozens of nations, including urgent appeals from Brazil, to begin exports of the vaccine from the SII centre in the western city of Pune.

Published 19 Jan, 2021 06:19pm

World

Nepal approves AstraZeneca COVID-19 vaccine for emergency use

Conditional permission has been granted for emergency use authorization of COVISHIELD vaccine against COVID-19 in Nepal.
Nepal has reported 266,816 cases and 1,948 deaths from COVID-19.

Published 15 Jan, 2021 05:57pm

Business & Finance

Lilly says Alzheimer's drug slows clinical decline in mid-stage trial

The drug is an antibody designed to remove clumps of the Alzheimer's-related protein beta amyloid from the brain.
Lilly said the mid-stage trial of 272 patients met its main goal of showing a statistically significant change in clinical decline over 18 months.

Published 11 Jan, 2021 06:51pm

Business & Finance

European watchdog could decide on AstraZeneca vaccine by end-Jan

The Astrazeneca shot, which was developed with Oxford University, was given a green light by authorities in Britain on Dec. 30.
It has so far recommended the Pfizer-BioNtech and Moderna vaccines for European Union approval, which was quickly granted for both.

Published 08 Jan, 2021 06:38pm

World

Europe rolls out 'new weapon' vaccines in bid to slay COVID

But even then, Hungary on Saturday jumped the gun on the official roll-out by administering shots to frontline workers at hospitals in the capital Budapest.

Published 28 Dec, 2020 10:12am

Markets

Nikkei rises as pharma stocks gain on hopes of existing vaccines working on new virus strain

The top underperformers among the Topix 30 were Honda Motor Co Ltd, down 2.43%, followed by SoftBank Group Corp , losing 1.79%.

Published 23 Dec, 2020 09:40am

Business & Finance

Lloyd's, Parsyl to insure emerging market COVID-19 vaccine rollout

Programme to insure vaccine storage and transit.
Syndicate to begin underwriting in Jan 2021.
AXA XL to provide risk consulting services.

Published 16 Dec, 2020 12:58am

World

South Korea reports second-highest new COVID-19 cases amid new wave

Tougher social distancing rules took effect on Tuesday, including unprecedented curfews on restaurants and most other businesses.

Published 09 Dec, 2020 10:16am

Business & Finance

Bangladesh's Beximco in coronavirus vaccine pact with India's Serum Institute

The deal comes after Bangladesh said this month it was ready to hold trials of candidate vaccines developed by India as both countries seek to curb the spread of the virus.
Beximco will also be the exclusive supplier for Bangladesh for a vaccine developed by the Serum Institute, it said.

Published 28 Aug, 2020 04:46pm

Business & Finance

Pharma co’s decide not to increase drug prices

Accordingly, all medicines will remain available at old prices in the first quarter of this financial year.

Published 22 Aug, 2020 01:17pm

Business & Finance

Fauci expects tens of millions of coronavirus vaccine doses at start of 2021

Fauci said he has not seen any pressure from the White House to announce a vaccine close to the Nov.
He added that regulators have promised "they are not going to let political considerations interfere" with the approval of a COVID-19 vaccine.

Published 06 Aug, 2020 01:42am

World

EU in talks with Moderna, BioNtech, CureVac to secure possible COVID vaccines

Bloc seeks to secure at least 200 million doses of J&J shot.
Talks show EU's assertive line in race to COVID shots, drugs.
Negotiations led by team selected by all 27 EU states.

Published 17 Jul, 2020 06:14pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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