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TOKYO: Takeda Pharmaceutical Co Ltd said on Monday it anticipates an operating loss of about US$200 million related to Novartis AG's decision to withdraw a marketing application for the dry-eye drug Xiidra. The drug was one of the products Takeda obtained through its acquisition of Shire Plc in January 2019. In July 2019, Takeda sold Xiidra to Novartis for US$3.4 billion upfront and up to an additional US$1.9 billion in potential milestone receipts. Swiss drugmaker Novartis last week withdrew an application for European approval of Xiidra after regulators concluded its effectiveness had not been demonstrated. (Reporting by Rocky Swift; Editing by Tom Hogue) … [Read more...] about Japan’s Takeda expects US$200 mln operating loss related to Novartis’ Xiidra withdrawal

Mumbai recovered from a deep hole against Himachal Pradesh in their Vijay Hazare Trophy match on Monday thanks to counterattack led by Shardul Thakur (92 off 57), Suryakumar Yadav (91 off 75) and Aditya Tare (83 off 98) as they went on to win by a massive 200 runs. Batting first, Mumbai posted 321/9 with Thakur leading the late assault. In reply, Himachal never looked in the hunt as they were bundled out for 121 in 24.1 overs with Prashant Solanki taking 4/31 while Shams Mulani chipping in with 3/42 and Dhawal Kulkarni taking 2/8. The other wicket went to Mohit Avasthi. Mumbai captain Shreyas Iyer won the toss and opted to bat first but soon came to regret his decision watching his team slump to 8/3 inside four overs. Openers Yashasvi Jaiswal, Prithvi Shaw and no, 3 Iyer all managed two runs each before perishing before Suryakumar and Sarfaraz led a brief recovery with a 41-run partnership for the fourth wicket. However, Sarfaraz was dismissed for 11 following which … [Read more...] about Shardul Thakur Blasts 57-Ball 92 as Mumbai Crush Himachal by 200 Runs in Vijay Hazare Trophy

Kindly Share This Story: A fire at the weekend, the cause of which is yet to be ascertained, has gutted Cocoa and Kolanut farms covering over 200 hectares of land valued at several millions of naira in Ikoro Ekiti, Ijero LGA of Ekiti . Capt. Sunday Adebomi, retired, Chairman of the Ekiti State Emergency Management Agency (SEMA) made this known during an assessment visit to the scene of the tragedy to ascertain the level of damage wreaked. He listed other cash crops destroyed by the fire to include palm trees, orange trees, plantain, pineapple cassava, and maize farms. The SEMA boss, who was accompanied on the assessment by the officials of the National Emergency Management Agency (NEMA), said the report of the incident was communicated to his office by one of the affected farmers. While commiserating with the affected farmers, the SEMA chairman promised that Ekiti state government would assist all the victims by giving them seedlings and chemicals … [Read more...] about Fire guts 200 hectares of cocoa plantations in Ekiti, over 40 farmers affected

BEIJING: The number of people killed in a tanker truck explosion on a highway in eastern China has climbed to 19, with nearly 200 more injured, local authorities said on Sunday (Jun 14). China's emergency management department said on Sunday morning there were 189 injured people still being treated in hospital, after the accident near Wenling city in the eastern province of Zhejiang on Saturday. Local authorities said the truck was loaded with liquefied gas. ​​​​​​​ Dramatic video footage of the accident published by state media showed an explosion. In one clip, a large piece of debris is seen flying into the air before crashing on some nearby buildings. Another video showed the remains of the tanker and several truck tyres had smashed into a building, which had been reduced to rubble. State news agency Xinhua reported on Sunday that there was a second blast when the truck fell onto a workshop near the expressway after the first explosion. Emergency … [Read more...] about At least 19 dead, nearly 200 injured after gas tanker accident in China’s Zhejiang

PITTSBURGH: Vitamin and herbal supplement retailer GNC has filed for bankruptcy in the United States, with plans to close at least 800 to 1,200 locations and possibly sell itself. The 85-year-old company filed for Chapter 11 protection late Tuesday night (Jun 23) in the US bankruptcy court in Wilmington, Delaware. GNC had been trying to reduce its nearly US$900 million debt load amid falling sales at its brick-and-mortar stores when the coronavirus pandemic forced thousands of locations to close temporarily, cutting off a major revenue source. About 2,100 of its 11,000 employees remain on furlough. READ: The economic impact of a pandemic: ‘Without COVID-19, we would be doing okay’ The Pittsburgh-based company, whose name is an acronym for General Nutrition Centers, plans a "dual-path" restructuring where it would either be sold as a going concern, or improve its balance sheet by shedding more than US$300 million of debt. GNC said it has agreed in principle with many … [Read more...] about Vitamin retailer GNC files for bankruptcy in US, may close 1,200 stores