Astra Zeneca is selling up to half its stock in an attempt to reduce a massive market-wide sale of the company’s generic drug business.The drugmaker is raising $4.3bn in the latest round of financing and plans to raise more than $8bn over the next 12 months, according to an investor presentation published Thursday.The company also…
AUGUSTA, Ga.— Vermont-based Merck & Co. Inc. stock fell $3.5 billion Thursday to a record low after its stock price dropped by nearly half since the start of the year.The company’s stock, which has dropped more than 50% since the beginning of the month, closed at $40.65.Its total market cap dropped to $60.17 billion.Merck shares…
Azure Pharmaceuticals (AZURE) has been granted a patent for a new compound that is designed to reverse the effects of a disease called “malignant neuroendocrine syndrome”.The company said in a press release that it has been working with a clinical trial and regulatory authorities in the USA to finalise the approval.“We are delighted to have…
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