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Amgen has agreed to co-develop and co-commercialize with Kyowa Kirin its Phase III-bound KHK4083, a potentially first-in-class treatment for atopic dermatitis, through a collaboration that could generate more than $1.2 billion for the Japanese pharma.
Asian Markets Mostly Higher Amid Cautious Trade
CANBERA (dpa-AFX) - Asian stock markets are mostly higher on Tuesday, despite the absence of fresh cues from Wall Street, which was closed overnight for a holiday. The coronavirus infection rate in the region is keeping the underlying mood cautious as it is bound to impact the pace of global economic recovery from the pandemic. Asian stocks ended mixed on Monday.
The Australian stock market is modestly lower on Tuesday, extending the losses of the previous session, with the benchmark S&P/ASX 200 staying just above the 7,100 level, with the absence of fresh cues from Wall Street. Gold miners and banks are weighing down the market with mining giants and energy stocks offering resistance.