Tag: big pharma

AstraZeneca to be exempt from coronavirus vaccine liability claims in most countries

AstraZeneca has been granted protection from future product liability claims related to its COVID-19 vaccine hopeful by most of the countries with which it has struck supply agreements, a senior executive told Reuters.

With 25 companies testing their vaccine candidates on humans and getting ready to immunise hundred millions of people once the products are shown to work, the question of who pays for any claims for damages in case of side effects has been a tricky point in supply negotiations.

“This is a unique situation where we as a company simply cannot take the risk if in … four years the vaccine is showing side effects,” Ruud Dobber, a member of Astra’s senior executive team, told Reuters.

“In the contracts we have in place, we are asking for indemnification. For most countries it is acceptable to take that risk on their shoulders because it is in their national interest,” he said, adding that Astra and regulators were making safety and tolerability a top priority.

Dobber would not name the countries.

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Hydroxychloroquine

If you’ve watched the news lately, you might be under the impression that a medicine President Trump touted as a possible game changer against coronavirus — has been debunked and discredited. Two divergent views of the drug, hydroxychloroquine, have emerged: the negative one widely reported in the press and another side you’ve probably heard less about. Never has a discussion about choices of medicine been so laced with political overtones. Today, how politics, money and medicine intersect with coronavirus.

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Private Investigators Say Several People Murdered Canadian Billionaire Couple Barry and Honey Sherman

Private investigators in Canada believe that a prominent billionaire couple found dead in their Toronto mansion last month were murdered by multiple assailants, pouring cold water on the theory that their deaths were a result of a murder-suicide.

Canada’s CBC News reported the private investigators’ findings on the couple’s mysterious killing Saturday, citing an unnamed source familiar with a parallel investigation into their deaths.

Police had earlier deemed the deaths of Barry Sherman, 75, and his wife Honey, 70, “suspicious” after a realtor discovered the bodies dangling from a railing near their basement swimming pool on December 15. A coroner’s report determined the couple had died from a form a strangulation called “ligature neck compression.”

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Vaccine Execs Rake In $1 Billion In Stock Sales As Positive Headlines Boost Shares

With the race to find a vaccine for COVID-19 in full effect, biotech executives and other insiders from at least 11 companies have made hand over fist – raking in over $1 billion in stock sales after announcing positive developments, according to the New York Times.

In some cases, company insiders are profiting from regularly scheduled compensation or automatic stock trades. But in other situations, senior officials appear to be pouncing on opportunities to cash out while their stock prices are sky high. And some companies have awarded stock options to executives shortly before market-moving announcements about their vaccine progress. -NYT

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