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Punjab faces life-saving drugs’ shortage as pharmaceuticals halt production

Lahore: Punjab is facing shortage of at least 40 life-saving drugs including fever medicine, while drugs prices have shot up by over 21%, ARY...

How Wellcome and Gates charities profit from helping biotech

WASHINGTON: The Wellcome Trust medical charity is to profit from U.S. approval of a new diagnostic cancer test, the first commercial product funded by the organization since the sale of its pharmaceuticals business to Glaxo in 1995.

Roche to buy U.S. biotech firm InterMune for $8.3 billion

LONDON/ZURICH: Roche Holding AG has agreed to buy U.S. biotech company InterMune Inc for $8.3 billion in cash, marking the latest multibillion-dollar deal in a consolidating pharmaceutical sector.

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