Thu, 04 Jun, 2020
Sanofi says it has sent a letter to Medivation’s board, urging the company to engage in negotiations regarding the French drugmaker’s unsolicited $9.3bn (€8.1bn) takeover offer and threatening to go directly to shareholders if talks don’t begin.
Fri, 06 May, 2016
Official economic numbers are famously rubbery. China’s exports to Hong Kong in December rose 30% from the previous month and overtook shipments to the US and the European Union, according to customs data released earlier this week which economists put down to fake invoicing by mainland businesses trying to evade currency restrictions.
Sat, 16 Jan, 2016
Tue, 15 Dec, 2015
Ireland’s tax regime may again face the international spotlight, at an uncomfortable time for the country, after two of the world’s pharmaceutical giants yesterday confirmed they are in talks over a mega billion dollar merger that appears to be driven by Irish tax considerations.
Fri, 30 Oct, 2015
A court has fined British drug maker GlaxoSmithKline three billion yuan (€380m) and sentenced its British former manager in China and others to prison for bribing doctors and hospitals to use its products, a state news agency reported.
Fri, 19 Sep, 2014
Salix Pharmaceuticals has agreed to buy the patents to some drugs for gastrointestinal diseases from Cosmo Pharmaceuticals for about $2.7bn (€1.98bn) in stock in a deal that will allow the US company to move to Ireland and lower its tax bill.
Thu, 10 Jul, 2014
Irish-headquartered biopharma company, Shire flagged the promise of existing and new drugs yesterday as evidence that US giant AbbVie’s $46bn offer undervalued the company — the latest British firm to be targeted by a US group seeking lower taxes.
Tue, 24 Jun, 2014