Medical marijuana will be legalized after Gov. Wolf signs the bill on Sunday after the 149-46 vote in favor of marijuana legalization. However, it will take about two years before sufferers of acute ailment can get advantage of the benefits because of the several processes including regulatory and growing process.
The company called off the acquisition of Allergan after the U.S. Treasury issued the rule preventing the deal. Nevertheless, Chief Executive Officer Ian Read still has the investors support.
Pfizer and Allergan will have to scrap the merger deal following the new regulation from Treasury Department to stop the U.S. company moving overseas.
Bill Ackman made nearly nearly $170 million in one day in a Valeant two-day rally. His comment on Valeant Pharmaceutical showed his capability as a remarkable hedge fund manager.
Frozen broccoli cuts have been recalled from 11 states that have been distributed with 1,800 cases which could be contaminated with Listeria monocytogenes. The infection affects young and old and can cause slight to severe infections with symptoms like high fever, abdominal pains and diarrhea to name a few aside from miscarriage and stillbirth.
Meketa Investment Group has increased its employee ownership team. It has included seven new shareholders into employee ownership team. Meketa is optimistic on adding new expertise and talent that supports its business expansion plan across different geographies.
GlaxoSmithKline pledged not to file patents to make drugs more affordable to poor countries. Any GSK drugs that are included in the list of the World Health Organization's important medicines will be included automatically.
Multiple awards-winning actress Whoopi Goldberg announced her startup company on Wednesday. The company offer medical marijuana product to relieve menstrual pain for women.
Actress and comedienne Whoopi Goldberg launches her new business venture with partner Maya Elisabeth, called ‘Whoopi & Maya’. The business is a product line of marijuana-infused products along with other medicinal plants that help alleviate symptoms of PMS. Product prices are not yet disclosed.
Firms in United States are looking into Israeli cannabis research and development. Israel, the pioneer in high tech agriculture is now leading the medical marijuana R&D.
Marijuana entrepreneurship is almost in every parts of the world, legal or illegal, for leisure or for medical purposes. Others see it as helpful but others see it as deadly. Pot is hot and the booming business seems to be unstoppable as other states began to legalize it.
Iterum Therapeutics Ltd. secured $40 million in Series A funding led by Frazier Healthcare Partners together with other venture capitalists. The said fund will be used to acquire license and to enhance the development of the anti-infective drug that could counter certain bacteria's resistance to antibiotic.
London's air has been reported of high levels of PM2.5 that was recorded from March 10-13. These minute particles can get inside the lungs and find its way into the bloodstream giving the body's immune system difficulty filtering it out.
In the continuing saga on Valeant, CFO Howard Schiller has been asked to resign. The company will also find the replacement of CEO Michael Pearson, and putting Bill Ackman in its board.
Not long after Bumble Bee tuna announced a total recall on its product, Chicken of the Sea tuna followed the same revelation.This is due to the discovered deviation on the sterilization process on the same facility that packaged the Bumble Bee tuna. The malfunction in the processing equipment might have uncooked or undercooked the tuna that could lead to spoilage causing contamination and life-threatening diseases when consumed.
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