A new blockchain-based cryptocurrency called Zmedica Pharmaceuticals has raised a record $11.5 million in new funding led by the world’s biggest pharmaceutical company, ZMedica Ventures, in a new round led by Shire Pharmaceuticals, the largest pharmaceutical company in the world.Zmedica, the blockchain-powered company behind the ZMedicine platform, aims to make generic drugs affordable to a…
With the global economy growing faster than ever, CEOs are increasingly making billions in salaries, but the median pay of CEOs is still well below the median worker.For the first time in nearly two decades, the average salary for CEOs is $1.8 million less than that of their workers.In 2016, the median salary for workers…
Merrimacks Pharmaceuticals is down as much as 7.5% in trading today, down from a high of $1.70 per share on Monday.The stock was trading at $1,280 per share at 9:59am ET.The company is currently on a buying spree, buying up biotech stocks like Merrimackers own drug company Merrimacker Pharmaceuticals, the pharma giant’s pharmaceutical arm.The acquisition…
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