Thermo Fisher forecasts 2024 profit below estimates on biotech demand slump
(Reuters) -Medical equipment maker Thermo Fisher Scientific forecast annual profit and revenue below Wall Street estimates on Wednesday, signaling that a slump in demand for its services used to make therapeutics and…
SVB shock could have chilling effect on British biotech sector
By Natalie Grover and Maggie Fick LONDON (Reuters) -HSBC’s rescue of the British arm of Silicon Valley Bank saved the heavily-exposed UK biotech sector from collapse, but the fallout could hamper funding…
Explainer: Biotech corn and soy widely used, consumers still wary of GM wheat
By Julie Ingwersen CHICAGO (Reuters) – Nearly all corn and soybean acres in the world’s largest exporting countries are seeded with genetically modified varieties, but that is not the case for wheat,…
U.S. raises ‘grave concerns’ over Mexico’s agricultural biotech policy
WASHINGTON (Reuters) – U.S. officials raised “grave concerns” over Mexico’s agricultural biotechnology policies in meetings with their Mexican counterparts on Monday, the office of U.S. Trade Representative Katherine Tai said. “We made…
Two Biotech Company Presidents Indicted in Maryland for Securities Fraud Schemes
Baltimore, Maryland – A federal grand jury has returned an indictment charging Nader Pourhassan, age 59 of Lake Oswego, Oregon, and Kazem Kazempour, age 69, of Potomac Maryland, for their roles in…
Vir Biotech gets U.S. funding for flu-prevention antibody
(Reuters) – Vir Biotechnology Inc said on Tuesday it had received $55 million in funding from the U.S. government to support its influenza-focused antibody drug that is expected to enter mid-stage trials…
White House unveils $2 billion biotech spending plan ahead of industry summit
By Jarrett Renshaw (Reuters) – The White House released new details on Wednesday on how it plans to invest more than $2 billion in the U.S. biotechnology sector as it hosts a…
Former CEO And COO Of JHL Biotech Sentenced For Conspiring To Steal Trade Secrets And Commit Wire Fraud Exceeding $101 Million
SAN FRANCISCO – Racho Jordanov, the co-founder and former Chief Executive Officer of JHL Biotech, and Rose Lin, another of the company’s co-founders and former Chief Operating Officer, were sentenced today for…
Breaking News
