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Kite Pharma Forms JV with Fosun Pharma

Kite Pharma said pre-market Tuesday it formed a joint venture in China with Shanghai Fosun Pharmaceutical to develop and market T-cell therapies for the treatment of B-cell lymphomas and leukemias. The joint venture, called Fosun Pharma Kite Biotechnology Group, will develop, manufacture and market Kite’s lead product candidate axicabtagene ciloleucelRead More

Asian Stock Markets Mixed

Asian stock market were mixed Monday, as exchanges opened higher on Friday Wall Street records, but largely drifted thereafter. Shanghai and Hong Kong gained, with Tokyo was closed on holiday. Other exchanges were uneven. Oils declined and the dollar gained, as the outlook for a stronger U.S. dollar and higherRead More

Eurozone Business Activity Rises at Fastest Pace in More Than Five Years

Business activity in the euro area accelerated at its fastest pace in more than five years in December while the risk of political turmoil amid major elections across Europe this year clouds the economic outlook, IHS Markit said. The composite purchasing managers’ index, which collates the manufacturing and service sectorRead More

Incyte Advances Pivotal Clinical Trial Program for Ruxolitinib

Incyte said late Friday said the first patient has been treated in the pivotal phase 2 trial testing ruxolitinib (Jakafi) on steroid-refractory acute graft-versus-host disease (GVHD). Ruxolitinib was previously granted breakthrough therapy designation by the U.S. Food and Drug Administration, being a product candidate for serious or life-threatening condition suchRead More

Global Sources to Co-Develop New Trading Solution with Globex

Global Sources said Wednesday it is planning to co-develop a fully integrated electronic solution with Shenzhen Globex e-Services to facilitate more efficient cross-border trade between mainland China-based exporters and overseas buyers. The new service will feature electronic customs declaration and clearance, full integration of customs, banking and shipment information, andRead More

European Equity Benchmarks Close Mixed

The broad-based major European indices closed mixed on Thursday, with rising oil stocks and commodities helping nudge London’s FTSE and Paris’ CAC indices into positive territory. In economic news, the Dec flash estimate of the consumer confidence indicator increased in both the euro area (by 1.1 points to -5.1) andRead More