U.S. court lifts block on competitor to AstraZeneca’s Nexium

LONDON (Reuters) – A U.S. court has lifted a temporary block stopping South Korea’s Hanmi Pharmaceutical from launching a close relative of AstraZeneca’s Nexium stomach-acid drug in the United States. AstraZeneca said on Wednesday that the U.S. Court of Appeals for the Federal Circuit had removed the temporary injunction on Hanmi’s esomeprazole strontium product that had been imposed last month while a legal dispute continues. …

Hutchison Whampoa may list Watsons healthcare unit – report

HONG KONG (Reuters) – Hutchison Whampoa Ltd, controlled by Asia’s richest man, Li Ka-shing, is planning to float its healthcare and beauty retail business Watsons within the next 12 to 18 months, a Hong Kong newspaper reported on Wednesday. The Hong Kong Economic Times, quoting market sources, said the initial public offering could raise between $8-$10 billion. The report did not specify whether the listing is related to A S Watson Group, which is the retail arm of Hutchison, or just the chain stores operated under the Watsons brand. Hutchison Whampoa shares rose more than 3. …

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