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Celgene sells psoriasis pill to Amgen for $13.4 billion, clearing way for close of Bristol merger

first_img By Adam Feuerstein Aug. 26, 2019 Reprints Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Biotech Adam Feuerstein Amgen said Monday that it will buy the psoriasis pill Otezla from Celgene, which is selling the medicine to remove an antitrust obstacle from its planned merger with Bristol-Myers Squibb.The purchase price for Otezla is $13.4 billion — higher than many analysts expected. Celgene sells psoriasis pill to Amgen for $13.4 billion, clearing way for close of Bristol merger What is it? Senior Writer, Biotech Adam is STAT’s national biotech columnist, reporting on the intersection of biotech and Wall Street. He’s also a co-host of “The Readout LOUD” podcast. [email protected] GET STARTEDcenter_img Log In | Learn More What’s included? Ric Francis/AP STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. About the Author Reprints Tags biotechnology Unlock this article — plus daily coverage and analysis of the biotech sector — by subscribing to STAT+. First 30 days free. GET STARTED @adamfeuerstein last_img read more

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New York Cab Driver Returns Bag of Cash, $32,859

first_imgAddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMoreOn Sunday night, July 13, a 71-year-old woman left a leather satchel filled with her life’s savings in cash on the back seat of Qurbe Tirmizi’s cab. Despite the circumstances, she said she felt in her mind she’d get it back. When 20-year-old Tirmizi found the bag he had no trouble deciding what to do next: He took it to the police.Later officers found identification leading them to the woman who was brought in to collect her money and meet the cab driver.“He’s a very nice, kind gentleman,” the woman said. “I don’t think there’s six like him… I love him.” When she tried to give him a reward, he refused it, saying he just needed her blessings to help him through his studies and succeed in life.Qurbe Tirmizi is a gemology student and aspiring jeweler at the Gemological Institute of America, driving a cab on weekends. Born in Pakistan, he moved to the United States when he was two. He was raised with his brothers and sisters in an apartment in Kew Gardens in Queens. ”I’m very proud of him,” said his father, Syed Tirmizi. “We are Muslims, and we try to go according to the teachings of God and the prophets. One main thing is to be honest, just and honest.” A neighbor who has known the younger Tirmizi for years said, “I would have expected him to give the money back. Money is nothing, honesty is more important.”Mayor Rudolf Giuliani invited Tirmizi to City Hall to congratulate him. (The New York Times reported Tirmizi was apparently reluctant to cut his gemology class so the mayor invited his teachers along as well!) “This really demonstrated what most of our taxi drivers and citizens are like,” exclaimed the mayor!The woman had been unhappy with her bank and closed her account of $32,859.05. She decided the money would be most safe if she carried it around with her. Police said they were helping her to convert the bag of money into a check and open a new bank account. “I learned my lesson,” she said.(From a story by MICHAEL COOPER in the New York Times)AddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMorelast_img read more

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Grieg Star Shipping commits to Rotterdam

first_imgAfter corporate restructuring, the line looked again at the business model of its existing liner services and came to the conclusion that Rotterdam was still its first choice port of call in Europe for this service.The line will still continue to use its Interforest terminal, part of the SCA Transforest Group. The service is focused primarily on breakbulk cargoes but carries some project cargo traffic on its open hatch ships.According to the shipping company, box shaped holds and unobstructed deck space gives its ships excellent stowage for various project cargoes. The companies newbuildings are equipped with removable tween-decks in two levels in hold 4 and 8 and each of these decks has a capacity of 5.5 tonnes/sq.m, affording flexibility in combining a mixture of fragile, sensitive and project cargoes.last_img read more

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Zambia’s ruling party hints at a longer presidential term

first_imgA debate was ignited on Thursday in Zambia after the country’s governing Patriotic Front (PF) suggested changing the presidential term limits from the current five years to seven, the Africa Review reportsPaul Moonga, a member of the Central Committee made the remarks while addressing reporters in the country’s capital, Lusaka.“The five-year term of office is too short to implement developmental projects,” Mr Moonga said.Moonga proposed an increase in the tenure for the president, Members of Parliament and civic leaders.“Seven years would be better as most of them (presidents) focus on re-adoption at the expense of sustainable development. There is a need for open debate over the extension of the term of office for bearers to carry out their tasks of reducing poverty.”According to Mr Moonga, Zambia which has an estimated population of 14.5 million people was facing high poverty levels that needed enough time to address.He continued to argue that the southern African nation cannot afford the luxury of holding expensive elections after every 60 months and that the money spent on polls could go towards poverty reduction.Zambia’s second President Frederick Chiluba in 1991 attempted to change the constitution to pave the way for a third term, but his bid faced massive opposition and in the end, it failed.PF has been in power since 2011, winning three presidential elections – 2011 under founder Michael Sata, two under current leader Edgar Lungu, in January 2015 and the disputed August 11, 2016.last_img read more

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Custom Officers mandated to protect the environment

first_imgMinister responsible for the environment, Dr. Kenneth DarrouxDominica’s Environment Minister Dr. Kenneth Darroux has warned that if measures are not taken to control Dominica’s boarders, there could be serious implications.Dr. Darroux delivered the feature address at the start of a two day Customs Training in Enforcement of Trade Controls under the Montreal Protocol Regulations, on Tuesday.According to Dr. Darroux, Customs officers are the ones on the “frontline” when it comes to security of the country.“You are the ones on the boarder and you have done a commendable job so far in ensuring the security of the country,” he said.The Environment Minister said empowerment of customs and other stakeholders with a mandate to some level of trade control is essential.“This is why the Montreal protocol was established…to fight to protect Mother Earth. We are here for the survival of Dominica and the entire planet. If we do not take the fight to protect the ozone layer, the characteristic we cherish could be easily lost forever,” he said.Custom officers have been told that they are some of the most important individuals in the protection of the country’s security.Meantime Comptroller of Customs Roderick Dechamps said Dominica is relatively small and precautionary measures at the country’s boarders are very important.“In this changing world, where most countries use the term clean and green environment, the onus remains on the frontline officers,” he said.Dechamps said Customs have recently encountered several situations that could have been “detrimental” effects to the country’s health and environment.The workshop is an initiative between the Environmental Coordinating Unit and the United Nations Environment Program (UNEP).Dominica Vibes News 28 Views   no discussions Sharing is caring! Share Sharecenter_img Share LocalNews Custom Officers mandated to protect the environment by: – November 14, 2012 Tweetlast_img read more

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Werner should shake off knock for Liverpool game

first_imgWerner, making his debut along with fellow new signing Kai Havertz, took a kick while winning the penalty which led to Chelsea’s first goal in the 3-1 win at the Amex Stadium.AdChoices广告He completed the full 90 minutes, though, and boss Frank Lampard does not believe there is any cause for alarm.Lampard said: “Timo took a knock when he won the penalty. It’s more of a dead leg, we hope.“I’d like to think that if it’s a dead leg then we’ve got a bit of time to get him back.“And obviously he finished the game after having that earlyish knock.”Werner was lively up front and his performance suggested he will be a major problem for Premier League defences this season.Pulisic, who sustained a hamstring injury during the FA Cup final, had been training with the rest of the squad and was expected to feature on Monday.But the American has suffered a setback and is being assessed.Lampard explained: “Christian was training with us last week but he had a little bit of discomfort a couple of days ago where he was trying to train with us and be in contention to play.“It would have been a big ask and he’s had to take a few steps back.“We’ll have to see. That’s one that we don’t have big news on at the minute. We’ll see.” Timo Werner picked up a knock during Chelsea’s win at Brighton but is expected to be fit for this weekend’s game against Liverpool.However, Christian Pulisic, who missed Monday’s victory, looks a doubt for the visit of the champions to Stamford Bridge. See also:Chelsea start season with victory at BrightonBrighton v Chelsea player ratingsLampard happy with win but will not confirm Mendy moveLampard backs Havertz after quiet Chelsea debutWerner: I joined Chelsea to win titleslast_img read more

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