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Ebola could drain billions of dollars from African economies – World Bank

By Anna Yukhananov WASHINGTON (Reuters) – The largest-ever outbreak of Ebola could drain billions of dollars from economies in West Africa by the end of next year if the epidemic is not contained, the World Bank said in an analysis on Wednesday. The global development lender predicted that slow containment of the deadly virus in Guinea, Liberia and Sierra Leone could lead to broader regional contagion, particularly through tourism and trade. Under the worst-case scenario, Guinea’s economic growth could be reduced by 2.3 percentage points next year while Sierra Leone’s growth would be cut by 8. … …read more

Source: Ebola could drain billions of dollars from African economies – World Bank

Auxilium Pharma backs QLT deal, adopts poison pill after Endo’s bid

(Reuters) – Auxilium Pharmaceuticals Inc said it would not withdraw its offer to buy Canadian eye drug maker QLT Inc and adopted a poison pill, a day after receiving an unsolicited buyout offer from Endo International Plc. Endo on Tuesday offered to buy Auxilium for $2.2 billion in cash and stock and Chief Executive Rajiv De Silva clarified the offer pertained to only Auxilium. Auxilium’s shares rose about 44 percent to $31 in premarket trading on Wednesday, above Endo’s offer of $28.10. Endo’s U.S.-listed shares rose about 5 percent. … …read more

Source: Auxilium Pharma backs QLT deal, adopts poison pill after Endo’s bid

Auxilium Pharma adopts poison pill after Endo’s unsolicited bid

(Reuters) – Auxilium Pharmaceuticals Inc adopted a poison pill with a 15 percent trigger, a day after an unsolicited $2.2 billion buyout offer from Endo International Plc. Poison pills, or shareholder rights plans, are designed to stop hostile takeover attempts by triggering the issuance of new shares, which dilutes the holdings of all investors if any one exceeds a set threshold. Auxilium said on Wednesday its board will review Endo’s proposal, but it would not modify or withdraw its bid for Canadian eye drug maker QLT Inc. … …read more

Source: Auxilium Pharma adopts poison pill after Endo’s unsolicited bid

Citing security threat, Obama expands U.S. role fighting Ebola

By Jeff Mason and James Harding Giahyue ATLANTA/MONROVIA (Reuters) – President Barack Obama on Tuesday called West Africa’s deadly Ebola outbreak a looming threat to global security and announced a major expansion of the U.S. role in trying to halt its spread, including deployment of 3,000 troops to the region. “The reality is that this epidemic is going to get worse before it gets better,” Obama said at the Atlanta headquarters of the U.S. Centers for Disease Control and Prevention (CDC). “But, right now, the world still has an opportunity to save countless lives. …

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Source: Citing security threat, Obama expands U.S. role fighting Ebola

Sanofi unveils heart disease partnership with MyoKardia

PARIS (Reuters) – French drugmaker Sanofi announced on Wednesday a partnership with U.S.-based MyoKardia to develop therapies for patients with genetic heart diseases. The collaboration includes up to $200 million in equity investments, milestone payments, and research and development services through 2018, Sanofi said in a statement. MyoKardia was founded in 2012 and is funded by healthcare investor Third Rock Ventures. (Reporting by James Regan; Editing by Blaise Robinson) …read more

Source: Sanofi unveils heart disease partnership with MyoKardia

U.S. pledges 3,000 troops to fight West Africa’s Ebola crisis

By Jeff Mason and James Harding Giahyue ATLANTA/MONROVIA (Reuters) – President Barack Obama will send 3,000 troops to West Africa to build treatment clinics and train health workers to try to halt the spread of the deadly Ebola virus, U.S. officials said on Tuesday, as the United States widens its response to the crisis. The U.S. plan, a dramatic increase from Washington’s initial response last week, won praise from aid workers and officials in the region. …

…read more

Source: U.S. pledges 3,000 troops to fight West Africa’s Ebola crisis

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