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AstraZeneca to Buy Alexion for $39 Billion in Rare-Disease Push
Bloomberg 12/13/2020
(Bloomberg)
AstraZeneca Plc, one of the drugmakers leading the fight against Covid-19, highlighted where its growth will come from after the pandemic with a $39 billion deal for rare-disease specialist Alexion Pharmaceuticals Inc.
The proposed cash-and-stock acquisition will add treatments for uncommon blood and immunological disorders to the portfolio of Cambridge, U.K.-based AstraZeneca, which had spent years paring away older and less profitable products to focus on cancer.
While the pandemic smothered economies and AstraZeneca entered a relatively low-return project to develop a Covid-19 vaccine with the University of Oxford, Chief Executive Officer Pascal Soriot kept his eyes downfield. After months of patients avoiding hospitals and clinics for fear of viral exposure, immunizations are coming online that promise to return society, and the drug industry, to some semblance of normal.
N.Y. Cases Rise Further and California Hits Record: Virus Update Bloomberg 12/12/2020 Bloomberg News
(Bloomberg) California counted more than 35,000 new Covid-19 cases for the second straight day, New York’s infections quickened and New Jersey reported record cases on Saturday. U.S. vaccinations against Covid-19 are set to begin next week after the government approved a shot by Pfizer Inc. and BioNTech SE for emergency use.
Record U.S. deaths and cases on Friday underscored the urgency of deploying the shots, which are due to arrive at the first administration sites on Monday. By contrast, some U.S. states are loosening restrictions.
N.Y. Cases Rise Further and California Hits Record: Virus Update Bloomberg 12/12/2020 Bloomberg News
(Bloomberg) California counted more than 35,000 new Covid-19 cases for the second straight day, New York’s infections quickened and New Jersey reported record cases on Saturday. U.S. vaccinations against Covid-19 are set to begin next week after the government approved a shot by Pfizer Inc. and BioNTech SE for emergency use.
Record U.S. deaths and cases on Friday underscored the urgency of deploying the shots, which are due to arrive at the first administration sites on Monday. By contrast, some U.S. states are loosening restrictions.
N.Y. Cases Rise Further and California Hits Record: Virus Update
Bloomberg 12/12/2020 Bloomberg News
(Bloomberg) California counted more than 35,000 new Covid-19 cases for the second straight day, New York’s infections quickened and New Jersey reported record cases on Saturday. U.S. vaccinations against Covid-19 are set to begin next week after the government approved a shot by Pfizer Inc. and BioNTech SE for emergency use.
Record U.S. deaths and cases on Friday underscored the urgency of deploying the shots, which are due to arrive at the first administration sites on Monday. By contrast, some U.S. states are loosening restrictions.