Global Blood Therapeutics, Inc.
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Gilead's remdesivir is first drug fully approved by FDA to treat COVID-19. Roche and Atea team up on an investigational direct acting antiviral while Moderna reaches the 30,000-patient enrollment target for its Phase III COVE study of the company's investigational mRNA vaccine.
The developers of three drugs are hoping the European Medicines Agency will decide that their products merit fast-tracking when they are submitted for review for potential pan-EU approval.
In an open letter to the biopharmaceutical industry, BIO lays out principles for conducting COVID-19 clinical trials and disclosing and using the data. Senator Durbin asks eight vaccine makers backed by Operation Warp Speed how they will withstand political pressure to speed up the approval process.
When Fisher Scientific International agreed to buy PSS World Medical Inc. in an all-stock deal valued at roughly $840 million at the time of the announcement, PSS shareholders should have been content. After all, their company's stock was hovering at near-record lows in the wake of a disastrous year for PSS. But shareholders were cool, partly because they were unhappy with PSS' quarterly earnings report, announced the same day, partly because they didn't know Fisher, and partly because they were caught up in a web of arbitrage, which drove down the stocks of both companies 25%.Fisher, an international distributor of scientific supplies, sees PSS as a way to expand its customer and vendor bases and to take advantage of cross-channel opportunities. The companies don't have much product overlap, with PSS strong in alternate site markets and Fisher a force in research labs and acute care hospitals. Fisher is relatively unknown on Wall Street, because only 7% of its shares are publicly traded. And PSS, while reeling from a series of problems, has a healthy underlying business as the market leader in alternate site markets for hospital and lab supplies. Now, Fisher and PSS have to convince Wall Street that they mean business.