Business

Novartis donates Rs40m to PRCS for COVID-19 testing kits and PPEs
Business

Novartis donates Rs40m to PRCS for COVID-19 testing kits and PPEs

KARACHI: The Pakistan Red Crescent Society (PRCS) Sindh Branch recently received a donation of Rs40 million from Novartis Pakistan. The support package will go towards the procurement of Personal Protective Equipment (PPE) kits for medical workers and COVID-19 testing kits. The ceremony was organized at Hilal-e-Ahmer House, Teen Talwar Clifton. Former captain of the Pakistan…

Nestlé Pakistan announces financial results for Q1 2020
Business

Nestlé Pakistan announces financial results for Q1 2020

KARACHI: Nestlé Pakistan posted revenue of PKR 29.8 billion, an increase of 2.6% compared to the same period last year, despite many difficulties emanating from the COVID-19 crisis. Juices and water, as well as products for the out-of-home channel, were severely impacted by the lockdown. In addition, the Afghanistan border closure had a significant impact…

Johnson & Johnson takes lead in COVID-19 cure
Business

Johnson & Johnson takes lead in COVID-19 cure

The drug company, Johnson & Johnson recently announced that it had made progress on a vaccine to prevent COVID-19 and that the product could be ready in early 2021. The New Brunswick, N.J., company selected a lead candidate for the vaccine from the constructs it had been working on, and said human trials would begin…

PPMA offers conditional support to deal with coronavirus outbreak
Business

PPMA offers conditional support to deal with coronavirus outbreak

KARACHI: The Pakistan Pharmaceutical Manufacturers Association (PPMA) is ready for an uninterrupted supply of life-saving drugs to deal with the coronavirus outbreak in Pakistan if the federal government fixed the dollar’s exchange rate at Rs155 and ensures costume clearance of raw-material consignment at ports round the clock. The pharmaceutical industry of Pakistan has said that…

COVID-19 Fund launched by WHO and partners
Business

COVID-19 Fund launched by WHO and partners

WASHINGTON: A new coronavirus disease (COVID-19) Solidarity Response Fund will raise money from a wide range of donors to support the work of the World Health Organization (WHO) and partners to help countries respond to the COVID-19 pandemic. The fund, the first-of-its-kind, enables private individuals, corporations, and institutions anywhere in the world to come together…

LHC stays the purchase of Insulin in public hospitals
Business

LHC stays the purchase of Insulin in public hospitals

LAHORE: The Lahore High Court (LHC) recently issued a stay on a petition by the Getz Pharmaceutical Company, challenging the change of conditions for the tender after shortlisting process. The order passed by Justice Ayesha A. Malik restrained the Punjab government from proceeding further on a purchase order for supply of insulin to public hospitals…

GSK’s drug accepted for accelerated assessment by the EMA
Business

GSK’s drug accepted for accelerated assessment by the EMA

LONDON: GlaxoSmithKline pharmaceutical company recently announced that the European Medicines Agency (EMA) validated the marketing authorisation application (MAA) for belantamab mafodotin. The drug could be used for the treatment of patients with relapsed or refractory multiple myeloma whose prior therapy included an immunomodulatory agent, a proteasome inhibitor and an anti-CD38 antibody. Belantamab mafodotin was accepted…

Artificial Intelligence sent the First Warnings of the Wuhan Virus
Business

Artificial Intelligence sent the First Warnings of the Wuhan Virus

Canada: The World Health Organization recently notified the public of a flu-like outbreak in China: a cluster of pneumonia cases had been reported in Wuhan, possibly from vendors’ exposure to live animals at the Huanan Seafood Market. BlueDot uses an AI-driven algorithm that scoured foreign-language news reports, animal and plant disease networks, and official proclamations to give…

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