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drugmakers

Drugmakers to raise US prices on over 250 medicines starting Jan 1

NEW YORK: Drugmakers plan to raise US prices on at least 250 branded medications including Pfizer COVID-19 treatment...

Published 01 Jan, 2025 03:03am

Business & Finance

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 / Jan 22	278.92
USD PKR Interbank Buying / Jan 22	278.72
USD to Japanese Yen / Jan 22	155.66
USD to Swiss Franc / Jan 22	0.91
Pound Sterling to USD / Jan 22	1.23
Euro to USD / Jan 22	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
Nasdaq / Jan 21	19,756.78
Dow Jones / Jan 21	44,025.81
India Sensex / Jan 22	76,197.90
Tokyo Nikkei / Jan 22	39,646.25
Hang Seng / Jan 22	19,778.77
FTSE 100 / Jan 22	8,579.82
Germany DAX 30 / Jan 22	21,258.81

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Petrol/Litre / Jan 22	256.13
Crude Oil USD/Barrel / Jan 22	75.52
Gold Spot USD/Ounce / Jan 22	2,751.94
Diesel/Litre / Jan 22	260.95

Gainers
Losers
Leaders

Stock	Price
Apna Microfin. / Jan 22 Apna Microfinance Bank Limited(AMBL)	10.49 ▲ 0.96 (10.07%)
Leather Up Ltd. / Jan 22 Leather Up Limited(LEUL)	27.57 ▲ 2.51 (10.02%)
Jah.Sidd. Co. / Jan 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	24.29 ▲ 2.21 (10.01%)
Pak Elektron (Pref) / Jan 22 Pak Elektron Limited (Preference)(PELPS)	14.94 ▲ 1.36 (10.01%)
Ashfaq Textile / Jan 22 Ashfaq Textile Mills Limited(ASHT)	15.51 ▲ 1.41 (10.00%)
Crescent Cotton / Jan 22 Crescent Cotton Mills Limited(CCM)	54.45 ▲ 4.95 (10.00%)
Fecto Cement / Jan 22 Fecto Cement Limited(FECTC)	116.40 ▲ 10.58 (10.00%)
Fateh Sports / Jan 22 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10.00%)
Pak Engineering / Jan 22 Pakistan Engineering Company Limited(PECO)	738.34 ▲ 67.12 (10.00%)

Stock	Price
First Capital Equities / Jan 22 First Capital Equities Limited(FCEL)	5.30 ▼ -0.70 (-11.67%)
Nagina Cot. / Jan 22 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Zahid Jee Textile / Jan 22 Zahidjee Textile Mills Limited(ZAHID)	27.21 ▼ -3.00 (-9.93%)
Gulistan Sp. / Jan 22 Gulistan Spinning Mills Limited(GUSM)	11.58 ▼ -1.26 (-9.81%)
TPL Life Insur. / Jan 22 TPL Life Insurance Limited(TPLL)	51 ▼ -5.50 (-9.73%)
Masood Textile / Jan 22 Masood Textile Mills Limited(MSOT)	49.05 ▼ -5.27 (-9.70%)
Karam Ceramics / Jan 22 Karam Ceramics Limited(KCL)	55.98 ▼ -5.92 (-9.56%)
Mari Energies / Jan 22 Mari Energies Limited(MARI)	598 ▼ -61.53 (-9.33%)
Hala Enterprise / Jan 22 Hala Enterprises Limited(HAEL)	12.10 ▼ -1.21 (-9.09%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▲ 0.04
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	99,158,485 ▼ -0.07
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	83,500,175 ▲ 3.03
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▲ 0.02
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 3.23
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▼ -0.08
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 1.04
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▲ 0.10
Fauji Foods Ltd / Jan 22 Fauji Foods Limited(FFL)	18,601,390 ▼ -0.41

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