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Swine Flu Panic Attack Reaches India – US-FOREX.US
MUMBAI – Four months after the first outbreak of swine flu, India is discovering how deadly this virus can be. The country’s first swine flu death, that of a 14-year old schoolgirl on August 3, followed by seven more patients succumbing to the disease in the span of a week, has set off a panic… »
JAL Hits Swine Flu Turbulence- US-FOREX.US
The combination of the swine flu pandemic hitting during a global recession dragged Japan Airlines to a record quarterly loss,and is proving a more severe crisis than that it faced during the SARS epidemic six years ago. Japan Airlines reported Friday a 99 billion yen net loss in the quarter ended June, down substantially from… »
AstraZeneca Sets Sights On Swine Flu Vaccine – US-FOREX.US
Astrazeneca is in a hurry. The Anglo-Swedish drugmaker said it is rushing to produce as many as 200 million doses of swine flu vaccine next year, as it posted a 5.6% raise in second-quarter profit and increased its guidance for the year.Chief Executive David Brennan told Forbes he estimates his company can deliver 40 million… »
Double Blow For Merck – US-FOREX.US
The ambitions of German drug company Merck KGaA have been crushed. An E.U. review panel dealt a body blow to Merck’s dreams to extend the range of patients for its most promising cancer drug, following weaker-then-expected second-quarter results.Shares of Merck, which shouldn’t be confused with the U.S. company of the same name, fell 14%, or… »
Roche Beyond Tamiflu- US-FOREX.US
Swine flu is still the epidemic of the moment and GlaxoSmithKline is cashing in on the temporary yet rapidly growing market for treatments. Its Swiss rival, Roche Holding, maker of Tamiflu has a head start, but its earnings aren’t dependent on this latest viral fad. Roche increased its guidance and now expects double-digit core earnings… »
Swine Flu Could Boost GlaxoSmithKline – US-FOREX.US
More than 700 people may have died of swine flu around the world so far, but the virus is good news for GlaxoSmithKline. Investors are hoping the British drugmaker will be able to cash in on the rapidly growing market for swine flu treatments as the virus spreads.Shares of GlaxoSmithKline rose 1.3%, or 15.16 pence… »
Swine Flu Could Devastate British Economy – US-FOREX.US
Just as the British economy was slowly beginning to recover, a new foe has emerged. Swine flu could cause Britain’s economy to shrink by a gigantic 7.5% this year and dash hopes of recovery next year. “If the worst case scenarios of the threat of swine flu are fully realized, gross domestic product could fall… »