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BOSTON: Billionaire investor William Ackman walked away from Valeant Pharmaceuticals International Inc on Monday with a loss of more than $3 billion as he sold his entire stake in the struggling drug company after trying to rescue it for some 18 months
HOVID Bhd has set up a bio-equivalence (BE) studies centre at Bayan Lepas, Penang to enhance its pharmaceutical research and development.
NEW YORK: US President-elect Donald Trump's plan to incentivise US companies to repatriate their swelling overseas cash piles could spur a new wave of dealmaking in a pharmaceutical industry seeking to buy its way into growth.
HONG KONG: China Resources Holdings Co’s pharmaceutical unit is planning to seek approval from the Hong Kong stock exchange this week to go ahead with an initial public offering (IPO) that may raise as much as US$2bil, according to people familiar with the matter.
The United States is furious at the European Union for handing Apple Inc a US$14.5bil (RM59.17bil) tax demand on Aug 30 but EU officials say it was Washington which put them on to the scheme in the first place.
NEW YORK: Pfizer Inc, beating out numerous other bidders, said it would buy US cancer drug company Medivation Inc for US$14bil (RM56.3bil) in cash, adding its blockbuster prostate cancer drug Xtandi to the company’s growing oncology roster.
New York: Pfizer Inc is in advanced talks to acquire US cancer drug company Medivation Inc for close to US$14 billion, as it seeks to boost its oncology portfolio, people familiar with the matter said on Sunday.