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    Novo Nordisk briefly overtakes LVMH as Europe's most valuable company

    Danish drugmaker Novo Nordisk unseated LVMH  as Europe's most valuable listed company on Friday, ending the French luxury group's 2-1/2 year-long reign at the top. LVMH, the world's biggest luxury retailer, has been hurt by growing concerns about the outlook for the Chinese economy. Novo is meanwhile riding a wave of demand for its highly effective diabetes and weight-loss drugs Ozempic and Wegovy, which has sent its earnings and shares to record highs. Its shares have risen around 17% since it announced on Aug. 8 that a large study had shown Wegovy also had a clear cardiovascular benefit, boosting the company's hopes of moving beyond its image as a lifestyle drug. As of Friday's close, Novo Nordisk had a market capitalisation of around $424.7 billion including unlisted stock, according to Refinitiv data and company disclosures of its share count. French-listed LVMH had a market cap of $420.1 billion, having been Europe's biggest listed company since February 2021 when it knocked consumer goods group Nestle off the top spot. 23-year timeline of Europe's largest company 23-year timeline of Europe's largest company Novo's share price has roughly tripled in the past three years while that of LVMH, home to fashion labels Louis Vuitton and Dior, has doubled. "Novo closing in on LVMH as Europe's biggest market cap stock is a reflection of Novo's recent product success while LVMH's recent trends have been more mixed," said Marcel Stotzel, co-portfolio manager of Fidelity European Fund and Fidelity European Trust.

    • 6 September, 09:06
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    Over 600 dengue deaths recorded in Bangladesh

    The Bangladeshi government has confirmed another 16 deaths from dengue fever, bringing the total number of fatalities in the country since January to 634, the Directorate General of Health Services (DGHS) under the Ministry of Health reported on Sunday. The deaths includes 41 in September, 342 in August and 204 in July. On Sept. 1-3, 6,494 more dengue cases were recorded after 71,976 people were infected with the mosquito-borne disease last month, according to DGHS. A total of 2,608 fresh dengue cases, including 892 in Dhaka, were reported in the 24 hours till 8:00 a.m. local time Sunday, DGHS data showed. The total number of dengue fever cases reported since the start of January reached 130,302. Dengue fever is a mosquito-borne tropical disease caused by the dengue virus. Symptoms may include a high fever, headache, vomiting, muscle and joint pains, and a characteristic skin rash.

    • 5 September, 11:56
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    Vitamin C and E supplements may make lung cancers grow faster

    Supplementing with antioxidants such as vitamins C and E could increase the formation of blood vessels within lung cancer tumours, helping them to grow bigger and spread, according to a study in mice. Taking antioxidant supplements such as vitamins C and E may cause lung cancers to grow bigger and spread by stimulating the formation of blood vessels within tumours, according to a study in mice. One researcher has stressed that people with the condition shouldn’t try to avoid these antioxidants in their diet, but getting more than they need via supplements could cause harm. Martin Bergö at the Karolinska Institute in Sweden and his colleagues previously found that supplementing with the antioxidants vitamin E and n-acetylcysteine caused lung cancers to spread in mice. To better understand how this might occur, Bergö and a new team of researchers studied mice with a murine-specific form of lung cancer and mice that had been implanted with human lung cancer cells. They supplemented the mice’s water with vitamin C, which the animals naturally produce, and vitamin E and n-acetylcysteine, which they get from their diet. These supplements were administered at increasing doses, all of which caused the mice’s levels of these antioxidants to exceed what was necessary. “Today in society, you have a lot of people who eat healthily, they have some supplements, and then they may have a ginger shot and a smoothie,” says Bergö. “If you do all that, you could end up with the levels of doses that we’re talking about.”

    • 4 September, 10:28
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    19:53 / 29.08.2023

    Working nights leads to a higher chance of memory loss, experts warn

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    08:56 / 16.08.2023

    The Global Pharmaceutical Leaders’ Club invites you for the 4th Eurasian Pharmaceutical Summit, which will be held with the support of the Pharmaceutical Industry Development Agency of the Ministry of Investment

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    09:02 / 15.08.2023

    Drug prices reach new high — in the millions

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    15:20 / 14.08.2023

    US FDA approves Johnson & Johnson's blood cancer therapy

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    15:19 / 11.08.2023

    In July 2023, the prices of medicines increase of around 0.7 % – 0.8 %

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    08:55 / 09.08.2023

    Fresh WHO alert on 'contaminated' Indian cough syrup

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