Regeneron’s Inmazeb drug receives FDA approval for treating Ebola virus

According to reliable sources, New York-headquartered biotechnology company, Regeneron Pharmaceuticals Inc. has recently made it to the headlines after its patented Inmazeb drug received approval from the U.S. FDA (Food & Drug Administr....

Eli Lilly halts COVID-19 antibody treatment trial over safety issues

  The announcement comes along the heels of a sudden spike in the number of coronavirus cases across U.S. Eli Lilly’s shares dropped by about 3% after it halted the COVID-19 antibody trials. Eli Lilly and Company, an Americ....

Johnson & Johnson halts COVID-19 vaccine study as participant falls ill

  Johnson & Johnson had initially planned to enroll over 60,000 participants for its phase 3 clinical trials. Experts claim that clinical pauses are a common aspect and may last only a few days. U.S.-based multinational pharm....

Diabetes drug metformin recalled over high levels of cancer contaminant

Metformin hydrochloride, a widely used diabetes drug, has reportedly been recalled after manufacturers detected high levels of cancer-causing contaminant in it. According to reliable sources, the latest recall by the U.S. Food & Drug Ad....

Microsoft to allow ‘hybrid workplace’ setting amidst COVID-19 outbreak

  The company plans to allow more staff to work from home to boost flexibility. Employees who chose to permanently work from home will not be allotted office spaces. Microsoft Corporation, an American multinational technology com....

Facebook, Twitter suspend over 3500 accounts to curb disinformation

Social networking giants Twitter Inc. and Facebook Inc. have recently made it to the headlines for suspending more than 3500 accounts that used fake identities on their platforms to convey misleading information. Sources close to the matte....

Eli Lilly requests for EUA approval from FDA for COVID-19 antibody

Eli Lilly and Company, the American pharmaceutical giant, has reportedly applied for emergency use authorization (EUA) for its potential COVID-19 antibody from the Food & Drug Administration (FDA). Sources with knowledge of the matter s....

Facebook and other tech giants under scanner over monopoly power

  A report drafted by House Democrats has appealed the Congress to reform antitrust laws. The House Democrats claim the tech giants should segregate their platforms to allow the growth of smaller struggling companies. According ....

Bristol Myers Squibb to acquire MyoKardia for access to CVD treatment

  BMS intends to acquire the biotech firm for USD 13 billion. The potential drug of MyoKardia will be sent for FDA approval during Q1 of 2021. Bristol Myers Squibb (BMS), an American pharmaceutical company, reportedly announced ....

U.S. oil refineries look to outrun Canada’s renewable diesel production

According to credible sources, American oil refineries are making swift moves to produce renewable diesel in order to profit from Canada’s greener fuel standards before the country’s refiners modify their own plants. The news c....