Insys founder John Kapoor jailed for 66 months over opioid scheme

Boston: John Kapoor, the founder of Insys Therapeutics Inc, on Thursday was sentenced to 66 months in prison for his role in a bribery and fraud scheme that contributed to the US opioid crisis. Kapoor, 76, is now the highest-ranking pharmaceutical executive to be sentenced in a case linked to the opioid crisis. His was […]

Mubadala finances UK-based biopharmaceutical company

Abu Dhabi: Mubadala Investment Company on Wednesday announced financing of ÂŁ3.3 million (Dh15.92 million) for the UK-based biopharmaceutical company Zihipp Limited to help provide treatments for Obesity and diabetes. “With the high rates of obesity and diabetes in the UAE, these new treatments promise to make a significant impact on public health,” said Abdulla Al […]

Japan exports shrink for 13th month in further blow to economy

Tokyo: Japan’s exports fell for a 13th straight month in December, dragged down by US-bound shipments of cars, construction and mining machinery, in a sign weak external demand is keeping a lid on the export-reliant economy. The 6.3 per cent year-on-year fall in exports was worse than a 4.2 per cent decrease expected by economists […]

World Economic Forum, TikTok launch diversity campaign

New Delhi: In collaboration with World Economic Forum (WEF), Chinese short-video sharing application TikTok on Tuesday launched the #AllTheDifference challenge to promote inclusion in diversity ahead of the Davos summit that will discuss inclusive societies. From January 21 to 27, TikTok users in over 75 global markets including the US, the UK, France, Italy, the Netherlands, […]

Philippines GDP Grows 6.4% in 4Q, Falls Short of 2019 Target

Manila. Philippine economic growth accelerated further in the fourth quarter after the government boosted infrastructure spending. Gross domestic product expanded 6.4 per cent in the October to December period, picking up pace from 6 per cent in the third quarter, the Philippine Statistics Authority said in a briefing in Manila. The showing matched the median […]