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China s funding round to boost chip industry struggling to raise target of $41 billion – FT | WKZO | Everything Kalamazoo

(Reuters) - The funding round launched by China to support its semiconductor industry is struggling in the initial phases to raise its target of 300 b.

US FDA declines to approve ARS emergency nasal spray for allergic reactions

U.S. health regulators declined to approve a nasal spray that would have been the first needle-free emergency treatment for allergic reactions and asked for further tests, a move that left its developer ARS Pharmaceuticals "very surprised". ARS Pharma's Neffy is to be an alternative to EpiPen and other autoinjectors like Sanofi's Auvi-Q filled with epinephrine, a life-saving drug used by people at risk of anaphylaxis and other allergic reactions. The U.S. Food and Drug Administration (FDA), in its so-called "Complete Response Letter", asked the company to complete a repeat-dose study on the treatment before a potential approval, rather than after as was mutually agreed in August, ARS Pharma said late on Tuesday.

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