The pharmaceutical industry refers to the sector of the economy that is involved in the research, development, manufacturing, and marketing of medications and therapeutic products. This industry encompasses a wide range of activities, including the discovery of new drugs, the clinical testing required to ensure their safety and efficacy, and the regulatory processes that must be navigated to sell these products. Additionally, the pharmaceutical industry includes companies that produce generic drugs, active pharmaceutical ingredients, and biologics. It plays a crucial role in healthcare by providing medications that prevent diseases, treat medical conditions, and improve the quality of life for patients. The industry is characterized by significant investment in scientific research and development, strict regulatory standards, and a focus on innovation and technology to develop new treatments. Economic factors, patent regulations, and ethical considerations surrounding drug pricing and access are also important aspects of this industry.
Relay Therapeutics is undergoing significant restructuring, including three layoff rounds within a year, to tackle economic challenges and refocus on key clinical goals. The company has slashed its research budget…
Relay Therapeutics is undergoing significant changes with workforce reductions and cost-cutting to focus on clinical ambitions. The company has reduced its annual research budget by 75% and cut 70 jobs…
Sangamo Therapeutics and Eli Lilly inked an $18 million deal to advance treatments for central nervous system diseases using Sangamo's STAC-BBB technology. The STAC-BBB capsid can effectively penetrate the blood-brain…
U.S. tariffs on India, China, and the European Union are set to reshape the global pharmaceutical landscape, affecting both APIs and finished drug products. The tariffs may lead to increased…
The White House is planning cuts in federal health agencies, risking jobs and impacting drug approvals and medical research. Eli Lilly is advancing its GLP-1 weight loss drug, orforglipron, into…
Telix Pharmaceuticals Takes a Bold Step Telix Pharmaceuticals has made a significant move in the biotech arena, announcing an acquisition deal with ImaginAb, a US-based biotech company. This strategic acquisition…