Sean Whooley

A former information technology (IT) executive at Mylan today pleaded guilty to conspiracy to commit securities fraud and aiding in the preparation of a false tax return. Dayakar Mallu, who at the time of the fraud served as VP of global operations information technology at Mylan, admitted to the charges in court in the Western…

The Biden administration reportedly plans to purchase and share with the world hundreds of millions of doses of Pfizer’s COVID-19 vaccine. The Washington Post reported today that the U.S. has plans to make another large purchase of COVID-19 vaccines, although details of the deal have not been made clear. Neither the White House nor Pfizer…

Catalent announced today that it entered into a commercial supply agreement with Phathom Pharmaceuticals for its acid blocker. The commercial supply agreement covers Phathom’s lead compound, vonoprazan, which is a novel, orally active-potassium competitive acid blocker (P-CAB) for treating gastrointestinal diseases, according to a news release. Phathom currently has vonoprazan in late clinical-stage development for…

Florida Governor Ron DeSantis has said fines would be levied to city and county governments requiring COVID-19 vaccines for their employees. A report from Yahoo cited DeSantis as claiming Florida would fine local governments $5,000 for each employee that is forced to get a vaccine in order to carry on working. This comes on the back…

Cardinal Health (NYSE:CAH) announced that it extended agreements with CVS Health over pharmaceutical distribution. The agreements for the distribution of pharmaceuticals to retail pharmacies and distribution centers run through June 30, 2027, according to a news release. “We value our long-standing partnership with CVS Health, and we are honored to continue our important work together…

Moderna (NSDQ:MRNA) announced today that it entered into a Memorandum of Understanding (MoU) to build a vaccine manufacturing facility in Canada. Cambridge, Mass.-based Moderna did not disclose where in Canada the facility will be located. A CBC News report cited a company’s spokesperson as saying the company is in negotiations with Ottawa over the location…

AbbVie (NYSE:ABBV) shares took a hit today despite second-quarter results that topped the consensus forecast. The North Chicago-based company posted profits of $769 million, or 42¢ per share, on sales of $14 billion for the three months ended June 30, 2021, marking a massive bottom-line gain from losses of -$739 million last year on sales…

California Attorney General Rob Bonta announced a $26 billion settlement with Johnson & Johnson, among other companies, over opioids. The settlement includes Johnson & Johnson, which manufactured and marketed opioids, and pharmaceutical distributors Cardinal, McKesson and AmerisourceBergen. According to a news release, the settlement resolves investigations and litigation over the companies’ roles in creating and…

Pfizer (NYSE:PFE) and BioNTech (NSDQ:BNTX) today announced an agreement with Biovac to manufacture the companies’ COVID-19 vaccine for distribution in Africa. Cape Town, South Africa-based Biovac will perform manufacturing and distribution activities within Pfizer and BioNTech’s global COVID-19 vaccine supply chain and manufacturing network to aid in distribution within the African Union, according to a…

BioNTech (NSDQ:BNTX) announced today that it acquired Kite’s solid tumor neoantigen T cell receptor (TCR) platform and its facility in Maryland. Mainz, Germany-based BioNTech said in a news release that the acquired clinical manufacturing facility in Gaithersburg, Md., will provide production capacity in support of U.S. clinical trials while complementing the company’s existing cell therapy…