Gilead Sciences said it will ask U.S. regulators to revoke the so-called “orphan drug” status it received for its experimental drug remdesivir. The status would have entitled the company to financial incentives and exclusive marketing intended for rare disease treatments.
The Food and Drug Administration granted the company’s request for the designation on Monday, noting that COVID-19 qualified as a rare disease under U.S. rules, since fewer than 200,000 Americans are infected.
But experts and public advocates blasted Gilead for seeking the status.
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4 Ways to Protect Your Small Business From Cyberattacks
Since the beginning of the COVID-19 pandemic, small businesses have quickly adopted remote working and transitioned to new technologies, such as contactless payments and online ordering.
GOOGLE STRIKES CONTENT DEALS WITH 300 EUROPEAN PUBLISHERS
Google said that it struck licensing deals with 300 news publishers in Europe in its latest effort to comply with a recently introduced European Union copyright law.
MS. PAC-MAN CLEARS PATH TO WORLD VIDEO GAME HALL OF FAME
More than 40 years after blazing a trail for female video game characters, Ms. Pac-Man was inducted into the World Video Game Hall of Fame, along with Dance Dance Revolution, The Legend of Zelda: Ocarina of Time and Sid Meier’s Civilization.
SEC: NVIDIA FAILED TO DISCLOSE CRYPTO AS REVENUE GENERATOR
Nvidia, a major tech company that has expanded aggressively into gaming, will pay a $5.5 million penalty for failing to disclose that crypto-mining was a significant source of revenue growth from the sale of graphics processing units that were produced and marketed for gaming.
GOOGLE GETS MORE MULTILINGUAL, BUT WILL IT GET THE NUANCE?
About 10 million people speak Quechua, but trying to automatically translate emails and text messages into the most widely spoken Indigenous language family in the Americas was long all but impossible.
CRYPTO COMES TO WASHINGTON. WILL THE MILLIONS BUY INFLUENCE?
Erin Houchin braced for the worst when a mysterious, well-financed group started buying television ads last month in her highly competitive southern Indiana congressional race.
COINBASE LOSES HALF ITS VALUE IN A WEEK AS CRYPTO SLUMPS
Cryptocurrency trading platform Coinbase has lost half its value in the past week, including its biggest one-day drop 5o date on Wednesday as the famously volatile crypto market weathers yet another slump.
BIDEN ANNOUNCES PROGRAM OFFERING DISCOUNTED INTERNET SERVICE
President Joe Biden announced that 20 internet companies have agreed to provide discounted service to people with low incomes, a program that could effectively make tens of millions of households eligible for free service through an already existing federal subsidy.
EA SPORTS AND FIFA END PARTNERSHIP, BOTH EYE NEW VIDEO GAMES
Electronic Arts will stop making its hugely successful FIFA video game in its current name, marking a split in one of soccer’s most successful and lucrative partnerships after the sides failed to strike a new licensing deal.
GOOGLE ADOPTS AN APPLE-LIKE APPROACH FOR ITS PIXEL PRODUCTS
Google took a big step toward pushing its Pixel product line-up down a road already paved by Apple and its array of trendsetting devices.
