September 2014

European Medicines Agency Recommends Slew of Drugs for Various Indications

An array of new drugs is in line for approval from the Committee for Medicinal Products, which works under the aegis of the European Medicines Agency. The Committee has recommended for approval about 15 new products that will now have to receive the final nod from regulators shortly. Among the drugs listed for approval are: Harvoni from Gilead, Ketoconazole HRA (ketoconazole) from Laboratoire HRA Pharma, and cancer drugs Vargatef (nintedanib)

Regenerative Medicine (Bone and Joint) Market Expected to Reach USD 6.5 Billion Globally in 2019

According to a new market research report published by Transparency Market Research “Regenerative Medicine (Bone and Joint) Market (By Technology – Stem Cell Therapy, Biomaterial and Tissue Engineering; By Applications – Bone Graft Substitutes, Osteoarticular Diseases, Allogeneic Products, Autogenic Products and Others) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019” the global regenerative medicine (bone and joint) market was valued at USD 2.6 billion in

Federal Aviation Administration Allows Entertainment Companies to Use Drones Commercially

Last week, in an announcement that could have far-reaching implications, the Federal Aviation Administration allowed six leading filmmaking companies to make commercial use of drones fitted with cameras. Until now, drones could be used only over the wilderness of Alaska. However, with these flying machines now being allowed to operate over populated regions in the United States, the skies will likely never be the same again. Film and entertainment companies

Boeing Joins Hands with Liquid Robotics for Unmanned Marine Drones

Boeing, in partnership with a liquid robotics manufacturer based in California, are working to develop technologically advanced ocean systems that can be deployed by defense organizations. Liquid Robotics and Boeing will focus on conceptualizing and producing maritime defense Boeing, on the other hand, will bring to the table its experience in working on surveillance, intelligence and reconnaissance solutions that it has gained over the years, largely through its Hazelwood-based facility

Samsung’s Home Electronics will Soon Feature the Tizen OS

Samsung Electronics’ home appliances and electronics range will soon feature its state-of-the-art Tizen operating system. The electronics major said that starting 2015, a large number of its LCD televisions and home electronics will incorporate this OS. The company is making this move with the intention of increasing the market penetration of its operating system, Tizen. Samsung is confident that it can leverage its global status in the electronics market to

Bolivia to Get New Pharma Production Facility, Courtesy Cuba

Bolivia will soon boast a new pharmaceutical manufacturing complex – its first such facility. The complex is being launched with help from Cuba. Labiofam, a Cuban state-owned chemicals and pharmaceuticals company said that it will set up the manufacturing plant in Bolivia, allowing the latter to meet 100% of its basic requirement for medicines. It was only last month that the country updated its list of basic and essential medicines.

Philippines Medical Devices and Healthcare Market Holds Massive Potential for U.S. Companies: ITA

The expanding medical devices and healthcare industry in Philippines is attracting the attention of global players eager to expand their international footprint and to cash in on the potential offered by emerging economies. A number of large healthcare corporations have shown an interest in investing in the Philippines. According to latest reports, the International Trade Administration (ITA), which works under the aegis of the U.S. Department of Commerce, is creating

American Public Sector Needs to Brace for ‘Silver Tsunami’ in Next Five Years

According to a latest survey conducted by the International Public Management Association for Human Resources (IPMA-HR), nearly 40% human resource professionals in the public sector expect that their organizations will lose about 20% of their employees to retirement over the next five years. Despite this anticipated drop in employee numbers, only a little over 25% respondents of the survey said that their organizations had a succession plan to tackle this

Sanctions will not Affect Russian Military Spending in 2015

A leading Russian newspaper has reported that despite various sanctions on Russia, in view of the Ukraine crisis, the country’s spending on defense will continue to grow as planned in 2015. The current economic problems that currently face the country will reportedly not affect its military spending, the newspaper reported this week. In its report, Vedomosti cited figures from the draft of the 2015-17 federal budget. The draft indicates that

Ireland Launches Center for Promoting Pharmaceutical Manufacturing Technology

Damien English, Ireland’s Minister for Skills, Research, and Innovation, recently launched a new facility devoted to the development of pharma manufacturing technology. The Pharmaceutical Manufacturing Technology Center or PMTC, has been set up with an investment of over 5 million euros that will be spread over the next five years. Ireland’s department of Jobs, Enterprise and Innovation has invested heavily in this center with a view to delivering technological breakthroughs