Biopharmaceutical Company’s Stock Plunges 75% After FDA Rejects New Drug

Biopharmaceutical Company’s Stock Plunges 75% After FDA Rejects New Drug

WHITE OAK, MD – JULY 20: A sign for the Food And Drug Administration is seen outside of the headquarters on July 20, 2020 in White Oak, Maryland. Sarah Silbiger/Getty Images Applied Therapeutics’ stock plummeted 75 percent after the Food and Drug Administration (FDA) rejected approving govorestat as a treatment for galactosemia. The stock closed … Read more

Report finds China targeted AstraZeneca in fraud probe over cancer treatment

Report finds China targeted AstraZeneca in fraud probe over cancer treatment

Pharmaceutical giant AstraZeneca, whose China president is under investigation, was previously investigated for medical insurance fraud cases involving cancer medication sales, according to new Chinese media reports. The news comes after the British-Swedish company announced on its official website last week that its China chief Leon Wang was cooperating “with an ongoing investigation”, and its … Read more

Meet Idris, Ahmed, other new heads of Nigeria’s health agencies

Meet Idris, Ahmed, other new heads of Nigeria’s health agencies

On 15 February, President Bola Tibunu announced the appointment of Chief Executive Officers and Board Chairpersons for major health agencies, including the National Agency for Food and Drugs Administration and Control (NAFDAC) and Nigeria Centre for Disease Control (NCDC). On the list of the appointees, Moji Adeyeye, Ibrahim Ahmed, and Tosan Erhabor were reappointed as … Read more