Business news – Page 76
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OpinionGarbage in, garbage out
The rise of low-quality and predatory open access journals and conferences worries Derek Lowe
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BusinessMerck KGaA to buy Sigma–Aldrich
$17bn acquisition expands Merck’s life science business and US presence, but it isn’t stepping back from drug development
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Business
India backs off drug pricing controls
Current price caps will stand, but rules on how new caps can be imposed are being tightened
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Business
Review says cheaper drug is safe for eye disease
Cochrane collaboration says side effects of expensive Lucentis and off-label Avastin are similar
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Business
Gilead licenses generic hepatitis C drug in India
Company aims to head off competition and grab a slice of royalties
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BusinessBayer to sever polymer arm
German chemical giant’s exit from the materials world will help fund its crop and healthcare ambitions
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Business
US drops restrictions on more GM seeds
Dow’s herbicide-resistant corn and soybeans spark renewed criticism from environmental campaigners
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BusinessUS pushes for global phase-out of HFCs
Executive actions and industry commitments aim to speed up adoption of alternatives to hydrofluorocarbon greenhouse gases in refrigeration and air conditioning
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BusinessFreeing a world of fixers
Company profile: Sugru mouldable silicone rubber lets you mend what’s broken and hack stuff better
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Business
Eastman snaps up Taminco for $2.8bn
Purchase will strengthen Eastman in niche markets and offers cost savings
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Business
Pharma sales ‘will reach $1 trillion’ in 2014
Report predicts continued growth as sales reach an all-time high
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Business
Cipla targets asthma market with Advair copy
Indian pharma company Cipla has launched a generic version of GSK’s best selling drug
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Business
Growth slow for European chemicals in 2014
Results for the first half held back by stagnant sales and production dips
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BusinessBP faces $18bn fine over Deepwater
US judge rules that BP’s recklessness caused blowout through ‘gross negligence or willful misconduct’, but the firm will appeal
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Business
Servier to appear in adverts over lack of transparency
Adverts in the medical press will name French pharma firm for failing to comply with disclosure rules
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Business
Piramal exits drug discovery in India
Company will concentrate on generic medicines and clinical and contract research.
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Business
Novo Nordisk quits inflammation R&D and cuts jobs
Firm will return to primary focus on diabetes and obesity
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Business
Halliburton settles Deepwater Horizon claims
Company will pay $1.1bn for damage to property and commercial fishing
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Business
Exelexis slashes workforce by 70%
Poor clinical trial performance pushes company into cost-cutting drive