When Russia invaded Ukraine, a phalanx of Western companies pledged to get out fast from what had once been an important market. McDonald’s dismantled its golden arches after 32 years. […]
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Back to news homeModerna Sues Pfizer and BioNTech Over Covid Vaccine
The vaccine manufacturer Moderna sued Pfizer and BioNTech on Friday, claiming that its rivals’ Covid-19 shot violates its patents protecting its groundbreaking technology.Moderna said in a statement that Pfizer and […]
Unilever Pursues Glaxo and Pfizer Consumer Health Venture
LONDON — The company behind Advil, ChapStick and Tums is the target of the first big multibillion-dollar takeover fight of 2022.Unilever said on Monday that it remained interested in buying […]
Covid Treatments Including Paxlovid Are Rationed as Cases Spike
Drug makers say they are working as fast as possible to produce more treatments.The federal government did not immediately order supplies of the GlaxoSmithKline antibody when the F.D.A. authorized the […]
Bosses Have a New Headache: How Long Should Sick Workers Isolate?
Barbara Sibley’s four New York restaurants had already weathered the city’s initial Covid-19 wave, the prevaccine surge last winter and this summer’s Delta spike when last weekend it finally happened: […]
Pfizer Says Its Antiviral Pill Is Highly Effective in Treating Covid
Pfizer announced on Friday that its pill to treat Covid-19 had been found in a key clinical trial to be highly effective at preventing severe illness among at-risk people who […]
Moderna, Racing for Profits, Keeps Covid Vaccine Out of Reach of Poor
Moderna’s market value has nearly tripled this year to more than $120 billion. Two of its founders, as well as an early investor, this month made Forbes magazine’s list of […]
Covid Vaccines Produced in Africa Are Being Exported to Europe
Johnson & Johnson’s Covid vaccine was supposed to be one of Africa’s most important weapons against the coronavirus.The New Jersey-based company agreed to sell enough of its inexpensive single-shot vaccine […]
Taiwan Accuses China of Blocking Access to BioNTech Vaccines
TAIPEI, Taiwan — This is the age of “vaccine diplomacy.” It is also the era of its bitter, mudslinging opposite.For months, Taiwan has been unable to purchase doses of the […]
Pfizer Reaps Hundreds of Millions in Profits From Covid Vaccine
The pricing for the United States was in line with the cost of seasonal flu vaccines and much less expensive than vaccines for conditions like shingles, which can run into […]