In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
Stocks in Asia traded lower on Monday morning, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
shortage@ (Adds Pfizer statement on EpiPen shortages)
July 9 (Reuters) - Novartis AG said on Tuesday it would make its generic pre-filled epinephrine shots immediately available in local pharmacies across the United States, as a shortage of Mylan NV's EpiPen emergency allergy shot drags on due to manufacturing problems.
Novartis' Sandoz unit launched the Symjepi epinephrine shots for use in hospitals in January and had said it would make the treatment available in pharmacies in a phased manner.
The Swiss drugmaker has an exclusive agreement with Adamis Pharmaceuticals Corp to distribute and commercialize Symjepi in the United States.
Novartis said both the adult and pediatric doses of Symjepi would be immediately available in local U.S. pharmacies.
The wholesale price for a two-pack of adult-dose syringes is $250, Novartis said, below the $300 charged by Mylan for its authorized generic and for Teva's generic version of the EpiPen auto-injector.
Mylan still dominates the market for emergency allergy shots with its EpiPen that delivers a dose of epinephrine in the event of severe, potentially life-threatening allergic reactions to a number of triggers, such as bee stings or peanuts.
But there has been a shortage of EpiPens in the United States, Europe and Canada due to manufacturing delays. The U.S. Food and Drug Administration added the treatment to its list of drugs in shortage more than a year ago, and it remains on that list.
Pfizer Inc, which manufactures EpiPens for Mylan, said in a statement on Tuesday that it anticipates further supply shortages over the coming months.
There is traditionally high demand for the devices in the summer as families look to renew prescriptions ahead of sending children to summer camp or the new school year.
Teva has built significant market share with its generic this year, reaching 18% of the market in late June, according to a research note from Leerink that cited IQVIA prescription volume data.
Teva said in May it expected to reach around 20% market share by the end of the second quarter and could approach 50% market share by the end of the year. (Reporting by Aakash Jagadeesh Babu and Tamara Mathias in Bengaluru and Michael Erman in New York; Editing by Maju Samuel and Bill Berkrot)