Edition:
United Kingdom

John Miller

Blue-blooded crabs at heart of pharma dispute on drug testing

01 Aug 2019

ZURICH If you've received a vaccination, hip replacement or chemotherapy without suffering toxic shock, chances are you've benefited from a vast bloodletting of horseshoe crabs.

Under fire, Swiss minister dumps Philip Morris as Expo sponsor

30 Jul 2019

ZURICH Switzerland scrapped a 1.8 million Swiss franc ($1.8 million) sponsorship deal with Philip Morris International for the country's pavilion at Expo 2020 in Dubai after being widely criticized for taking tobacco money to promote its image abroad.

Novartis heart drug fails trial, curbing growth prospects

29 Jul 2019

ZURICH Novartis's heart failure drug Entresto failed a trial in a new use, the Swiss drugmaker said on Monday, calling into question billions of dollars in potential revenue and taking the shine off one of the company's biggest growth prospects.

Clariant suffers another setback as JV talks with SABIC collapse

25 Jul 2019

ZURICH/DUBAI Clariant said on Thursday that joint venture talks with top shareholder Saudi Basic Industries (SABIC) had been shelved due to differences over asset prices, a further setback for the Swiss chemicals maker whose CEO abruptly quit this week.

Roche lifts full-year outlook after first half sales rise 18%

25 Jul 2019

ZURICH Roche Chief Executive Severin Schwan lifted his 2019 sales target after a buoyant first half where newer drugs like Ocrevus for multiple sclerosis more than made up for revenue lost to rivals' copies of the Swiss company's older medicines.

Clariant suffers another setback as JV talks with SABIC collapse

25 Jul 2019

ZURICH/DUBAI Clariant said on Thursday that joint venture talks with top shareholder Saudi Basic Industries (SABIC) had been shelved due to differences over price, a further setback for the Swiss chemicals maker whose CEO abruptly quit this week.

CORRECTED-UPDATE 4-Clariant suffers another setback as JV talks with SABIC collapse

25 Jul 2019

* Clariant will look to sell masterbatches business separately

Swiss minister under fire for tobacco sponsorship of Expo pavilion

24 Jul 2019

ZURICH Swiss Foreign Minister Ignazio Cassis is under fire over a 1.8 million Swiss francs (£1.46 million) sponsoring deal his department struck with tobacco giant Philip Morris International to help fund Switzerland's Expo 2020 pavilion in Dubai.

Clariant CEO exits abruptly, renewing turmoil at Swiss group

24 Jul 2019

ZURICH Ernesto Occhiello had three tasks when he became Clariant's boss last September: restore calm after an activist investor uprising, oversee a tie-up with Saudi Basic Industries and keep the peace with Chairman Hariolf Kottmann.

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