The inspection of a Pfizer plant in the Chinese city of Dalian by the US Food and Drug Administration revealed that officials there were keeping a second set of quality and manufacturing records to hide quality failures, the use of expired manufacturing materials and other violations, Bloomberg reported, citing details from an FDA report. Pfizer […]
Category: Health Care
E-commerce conglomerate Alibaba Group Holdings reported on Tuesday that its revenue in the second fiscal quarter jumped 32% to US$3.49 billion, exceeding investor expectations, The Wall Street Journal reported. Gross merchandise volume grew 28% from a year earlier, indicating healthy overall sales. The firm also generated more income from mobile: Revenue from that segment more than […]
An investigation into the cyber attack on US health insurer Anthem, which compromised the personal information of 80 million customers early this year, has revealed that hackers in China targeted the firm and others in the industry in part to learn more about how medical coverage functions in the United States, The Financial Times reported, […]
The RMB11.1 billion (US$1.744 billion) allocated by China’s finance ministry this year to overhaul thousands of public hospitals is falling far short of the funds needed to support them in the face of falling revenue due to reforms that bar them from marking the price of prescription drugs up by as much as 15%, South […]
The worm turns