Saturday 14 December 2019

Contaminated drug ingredients at Irish plant

The US Food and Drug Administration (FDA) found contamination of a drug ingredient manufactured at a GlaxoSmithKline (GSK) plant in Ireland and has said the firm did not take sufficient action to resolve the problems.

The news comes just days after GSK said it was recalling all supplies of its over-the-counter weight-loss drug in the US and Puerto Rico, after concerns that bottles had been tampered with. In a warning letter dated March 18, the FDA said the company did not fully investigate a list of objectional conditions after an inspection of its Cork facility in October. The FDA said its investigator found a certain drug ingredient was contaminated with material from the facility's pharmaceutical waste tank.

ECB TO DISCUSS STIMULUS AMID DEFLATION FEARS

The ECB is not expected to announce any new measures tomorrow to boost the eurozone economy, although inflation dropping to close to zero could well prompt active discussion about stimulus.

Negative deposit rates – charging banks to deposit at the ECB – and some form of asset-buying programme may lie further out. Eurozone annual inflation ticked down to 0.5pc in March, its lowest since the economy was deep in recession in 2009, and its sixth month in what ECB President Mario Draghi has called "the danger zone" below 1pc. The fall was sharper than expected and gave ammunition to those on the ECB'S Governing Council who want do more to stem the threat of deflation.

TWITTER BUYS UK AND FRENCH TV ANALYTICS FIRMS

UK company SecondSync, which measures how often certain TV shows are talked about on Twitter, has been bought by the social networking giant.

In a post on its website, the London-based firm said: "We are delighted to announce today that we are joining Twitter. We are very proud of the business we have built up over the last three years."

As well as absorbing SecondSync, Twitter also announced it was acquiring French company Mesagraph, another analytics company that provides data to TV networks to help monitor ratings and audience reaction. "Today marks a new step for social TV in Europe and for Mesagraph," said a post on the French company's website.

Irish Independent

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