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Pharmaceutical

Takeda completes Russian pharmaceutical manufacturing facility

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ZURICH, Switzerland — Zurich-based Takeda Pharmaceutical International has completed construction at its pharmaceutical manufacturing facility in Yaroslavl, Russia. The Company invested approximately $97 million in the 24,000m2 production plant,
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‘Gutter oil’ at center of Chinese pharmaceutical scandal

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BEIJING — Chinese authorities are investigating claims that some of the country’s pharmaceutical manufacturers are using “gutter oil,” or reprocessed kitchen waste dredged from restaurant chains, to make antibiotics,
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Chinese government cracks down on counterfeit drugs

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BEIJING — The Chinese government is stepping up its efforts to crack down on the country’s counterfeit drug market, Bloomberg reported. According to the Ministry of Public Security, authorities
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Former WuXi PharmaTech employee arrested for chemical theft

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SHANGHAI — Chinese pharmaceutical and biotech company WuXi PharmaTech today commented on the conviction of a former employee for the theft of chemical compounds. In 2011, a junior employee
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Asia’s biggest drugmaker plunges in Tokyo trading

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TOKYO — Takeda Pharmaceutical Co., Asia’s biggest drugmaker, fell 4.3% in Tokyo trading after forecasting a 40% drop in operating profit, Bloomberg reported. The fall was the most in
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Bayer confident after positive first quarter

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FRANKFURT, Germany — German pharmaceutical and chemical company Bayer AG said its confidence is high for the rest of the year following a good first quarter, MarketWatch reported. Bayer
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Bio-pharmaceutical firm to open manufacturing facility near Atlanta

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ATLANTA — Georgia Governor Nathan Deal announced Thursday that Baxter International will locate a new bio-pharmaceutical manufacturing facility near Atlanta as well as plasma centers throughout Georgia that will
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GlaxoSmithKline expands sales force in China

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BEIJING — Pharmaceutical manufacturer GlaxoSmithKline said it plans to hire hundreds more salespeople in China after announcing a decision to add new products in that country, Bloomberg reported. The
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Bayer MaterialScience appoints new CFO

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Merck pays $37M to settle claims against Vioxx

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CANADA ­­— Merck will pay a maximum of C$37 million to settle all claims against its painkiller Vioxx in Canada, InPharm reports. The settlement includes C$10 million in costs
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