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EU to propose shorter glyphosate license renewal: sources

BRUSSELS (Reuters) – European Union states will meet next week in an effort to agree a far shorter license renewal for herbicide glyphosate before the current one expires, which would require the phasing out of products such as Monsanto’s Roundup.

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May 30th, 2016

Hidden, Abandoned, Dangerous: Old Gas And Oil Wells In Neighborhoods

Around the country, houses, schools and shopping centers are being built on old oil and gas fields — and hidden underground are millions of abandoned wells that are not monitored for leaks. Read more…

May 30th, 2016

Alibaba tells vendors to halt drug sales online, cites government rule change

SHANGHAI (Reuters) – Chinese e-commerce firm Alibaba Group Holding Ltd has told vendors on its Tmall website to stop selling medicine, saying a local regulator has issued an “urgent” directive halting drug sales via third-party platforms.

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May 30th, 2016

Roche and Novartis face off in biosimilar drug battle

ZURICH (Reuters) – Switzerland’s biggest drugmakers are clashing over cheaper copies of pricey biotech drugs – one reason why Novartis is considering selling its $14 billion stake in cross-town rival Roche.

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May 30th, 2016

How Wellcome and Gates charities profit from helping biotech

Melinda Gates and her husband attend a news conference in New YorkThe Wellcome Trust medical charity is to profit from U.S. approval of a new diagnostic cancer test, the first commercial product funded by the organization since the sale of its pharmaceuticals business to Glaxo in 1995. The Bill & Melinda Gates Foundation recently made a $80 million profit from selling a stake in Anacor Pharmaceuticals , a firm it had backed for its work on neglected diseases, which is now being bought by Pfizer . With an endowment of $40 billion, the Gates foundation is the world’s largest charity, while Wellcome has an 18 billion pound ($26 billion) investment portfolio.

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May 30th, 2016
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