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biotech

US biotech executive sentenced to 7 years in jail for COVID test fraud

April 12, 2024 by Reuters
Us biotech executive sentenced to 7 years in jail for covid test fraud - photo licensed by shore news network.

(Reuters) – The chief executive of a U.S. biotechnology company that falsely promised investors it could produce a quick and accurate COVID-19 test was sentenced … Read more

Categories US and World News

Thermo Fisher forecasts 2024 profit below estimates on biotech demand slump

January 31, 2024 by Reuters
Thermo fisher forecasts 2024 profit below estimates on biotech demand slump - photo licensed by shore news network.

(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 … Read more

Categories In the News

Argentine election may boost farmer spending, grain prices -biotech firm Bioceres

November 21, 2023November 21, 2023 by Reuters
Argentine election may boost farmer spending, grain prices -biotech firm bioceres - photo licensed by shore news network.

By Tom Polansek (Reuters) – Argentina’s farmers may be more willing to spend money on seeds and other agricultural products, hoping that new President-elect Javier … Read more

Categories In the News

Biotech firm Amyris files for bankruptcy in US

August 10, 2023August 10, 2023 by Reuters

(Reuters) – Biotech firm Amyris Inc on Wednesday said it has filed for Chapter 11 bankruptcy in a U.S. court and is planning to sell … Read more

Categories Business News

SVB shock could have chilling effect on British biotech sector

March 13, 2023 by Reuters
Svb shock could have chilling effect on british biotech sector - photo licensed by shore news network.

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 … Read more

Categories Business News

Explainer: Biotech corn and soy widely used, consumers still wary of GM wheat

March 3, 2023 by Reuters
Explainer: biotech corn and soy widely used, consumers still wary of gm wheat - photo licensed by shore news network.

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 … Read more

Categories Business News

U.S. raises ‘grave concerns’ over Mexico’s agricultural biotech policy

January 23, 2023 by Reuters
U. S. Raises 'grave concerns' over mexico's agricultural biotech policy - photo licensed by shore news network.

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. … Read more

Categories US and World News

Two Biotech Company Presidents Indicted in Maryland for Securities Fraud Schemes

December 20, 2022 by DOJ Press
Two biotech company presidents indicted in maryland for securities fraud schemes - photo licensed by shore news network.

Baltimore, Maryland – A federal grand jury has returned an indictment charging Nader Pourhassan, age 59 of Lake Oswego, Oregon, and Kazem Kazempour, age 69, … Read more

Categories Department of Justice Press Releases

Vir Biotech gets U.S. funding for flu-prevention antibody

October 4, 2022 by Reuters
Vir biotech gets u. S. Funding for flu-prevention antibody - photo licensed by shore news network.

(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 … Read more

Categories US and World News

White House unveils $2 billion biotech spending plan ahead of industry summit

September 14, 2022 by Reuters
White house unveils $2 billion biotech spending plan ahead of industry summit - photo licensed by shore news network.

By Jarrett Renshaw (Reuters) – The White House released new details on Wednesday on how it plans to invest more than $2 billion in the … Read more

Categories Financial News

Former CEO And COO Of JHL Biotech Sentenced For Conspiring To Steal Trade Secrets And Commit Wire Fraud Exceeding $101 Million

March 15, 2022 by DOJ Press
Former ceo and coo of jhl biotech sentenced for conspiring to steal trade secrets and commit wire fraud exceeding $101 million - photo licensed by shore news network.

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 … Read more

Categories Department of Justice Press Releases
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