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November 18, 2019

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Biotechnology

Pfizer acquires Array Biopharma, valued at $11.4 billion

Pfizer acquires Array Biopharma, valued at $11.4 billion

US pharmaceutical giant Pfizer on Monday announced the acquisition of Array BioPharma, a biotechnology firm that specializes in cancer drugs, the latest in a long list of biotech mergers in recent years.In a statement, Pfizer said it offered $48 per share in c

China disciplines 80 officials linked to major vaccine scandal

China disciplines 80 officials linked to major vaccine scandal

China's corruption watchdog on Saturday said it had disciplined more than 80 officials linked to a vaccine scandal last year that inflamed public fears over the safety of domestically produced drugs.Changchun Changsheng Biotechnology -- a major Chinese manufa

15 detained in China vaccine scandal

15 detained in China vaccine scandal

Chinese authorities have arrested 15 people including the chairwoman of a rabies vaccine producer under fire for fraudulent quality control in the country's latest drug-safety scandal.News that pharmaceutical manufacturer Changchun Changsheng Biotechnology ha