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November 23, 2020

FDA

Danone targets cost savings of $1.19 billion

FoodBusinessNews
PARIS — Danone SA expects a “local first” program will assist the company in generating cost savings of €1 billion ($1.19 billion) by 2023, the Paris-based company said Nov. 23. The cost reductions include eliminating 1,500 to 2,000 job positions. Company executives spoke about moving to local control in an......

Covid-19: FDA allows emergency use of antibody drug Regeneron

BBC
On Facebook, Mr Carson, a retired neurosurgeon, said Mr Trump “cleared me for the monoclonal antibody therapy that he had previously received, which I am convinced saved my life”. As with Mr Trump, the role the drug played in his recovery is unclear. BBC – For more and to sign......

F.D.A. Grants Emergency Authorization of Antibody Treatment Given to Trump

New York Times
The Food and Drug Administration has granted emergency authorization for the experimental antibody treatment given to President Trump shortly after he was diagnosed with Covid-19, giving doctors another option to treat Covid-19 patients as cases across the country continue to rise. The treatment, made by the biotech company Regeneron, is......

FDA authorizes Regeneron’s Covid treatment, taken by Trump, for emergency use

CNBC
CNBC – For more and to sign up click here View of Corporate and Research and Development Headquarters of Regeneron Pharmaceuticals on Old Saw Mill River Road in Tarrytown, New York. Lev Radin | LightRocket | Getty Images The Food and Drug Administration on Saturday granted an emergency use authorization......

Pfizer and BioNTech to request emergency authorization from FDA for Covid-19 vaccine

CNBC
CNBC – For more and to sign up click here Pfizer and BioNTech will apply Friday for an emergency use authorization from the Food and Drug Administration for their coronavirus vaccine. If Pfizer’s application is approved by the FDA, the vaccine will likely be limited and rolled out in several......

WHO tells doctors not to use Gilead’s remdesivir as a coronavirus treatment, splitting with FDA

CNBC
CNBC – For more and to sign up click here A lab technicians shows the coronavirus disease (COVID-19) treatment drug “Remdesivir”. Amr Abdallah Dalsh | Reuters A World Health Organization panel advised doctors Thursday against using Gilead Sciences‘ antiviral drug remdesivir as a treatment for patients hospitalized with Covid-19, saying......

HHS Secretary Azar says Pfizer is expected to file FDA application for coronavirus vaccine Friday with Moderna soon to follow

CNBC
CNBC – For more and to sign up click here Vice President Mike Pence listens to US Secretary of Health and Human Services Alex Azar speak during a White House Coronavirus Task Force press briefing in the James S. Brady Briefing Room of the White House on November 19, 2020.......

E-commerce keys Walmart’s quarterly growth

FoodBusinessNews
BENTONVILLE, ARK. — Driven overwhelmingly by growth in its e-commerce business, comparable sales in the US business of Walmart Inc. rose 6.4% in the company’s third quarter. While Walmart’s online business continued to operate at a loss, C. Douglas McMillon, president and chief executive officer, said the e-commerce business is......

Covid vaccine: Former Obama FDA chief says she trusts integrity of the agency’s approval process

CNBC
CNBC – For more and to sign up click here Dr. Margaret Hamburg, former Food and Drug Administration commissioner in the Obama administration, told CNBC on Wednesday that she trusts the regulatory agency will adhere to strict scientific principles as it evaluates coronavirus vaccines. “It’s an agency that is so......

Ten trends emerging in the aftermath of COVID-19

FoodBusinessNews
BOULDER, COLO. — Words like “handcrafted” and “homemade” in the not-so-distant past signaled quality. Amid a pandemic, such terms may ring unappealing to consumers as contactless experiences become the norm. “The last thing I want to think of right now is a grandma in her trattoria in Italy fondling my......

Pfizer says final data analysis shows Covid vaccine is 95% effective, plans to submit to FDA in days

CNBC
CNBC – For more and to sign up click here Pfizer and BioNTech said Wednesday that a final data analysis found their coronavirus vaccine was 95% effective in preventing Covid-19 and appeared to fend off severe disease. The vaccine, called BNT162b2, becomes highly effective against the virus 28 days after......

FDA grants first emergency use authorization for at-home rapid coronavirus test

CBS News
CBS News – For more and to sign up click here U.S. regulators on Tuesday allowed emergency use of the first rapid coronavirus test that can be performed entirely at home. The announcement by the Food and Drug Administration represents an important step in U.S. efforts to expand testing options......

FDA approves emergency use for first at-home Covid-19 test kit

CNBC
CNBC – For more and to sign up click here Covid-19 nasal swab test administered on patient. Lisa Maree Williams | Getty Images News | Getty Images The U.S. Food and Drug Administration (FDA) has approved emergency use for the first Covid-19 test that can be conducted entirely at home.......

FDA approves first COVID-19 test kit for home use

Reuters
The word “COVID-19” is reflected in a drop on a syringe needle in this illustration taken November 9, 2020. REUTERS/Dado Ruvic/Illustration (Reuters) – The U.S. Food and Drug Administration said on Tuesday it had approved the first COVID-19 self-testing kit for home use that provides results within 30 minutes. The......

FDA approves first COVID-19 test kit for home use

Reuters
FILE PHOTO: Dr. Vincent Carrao swabs a patient’s nose for the coronavirus disease (COVID-19) test at Palisades Oral Surgery, in Fort Lee, New Jersey, U.S., June 15, 2020. REUTERS/Brendan McDermid (Reuters) – The U.S. Food and Drug Administration said on Tuesday it had approved the first COVID-19 self-testing kit for......

Declining fear of fat fuels growth for brands

FoodBusinessNews
LONDON — Younger consumers are losing their fear of fat, according to a report from New Nutrition Business. The five-year study found younger consumers are more open to the idea that fat is not bad, with a higher number of younger consumers seeking to eat more healthy fats than older......

CBS Evening News, November 16, 2020

CBS News
CBS News – For more and to sign up click here Moderna early data shows coronavirus vaccine is nearly 95% effective; Shelter dog becomes a K-9 officer in New York Source link To Return to the Main Aggregate News Page – click here...

Functional beverage maker secures $14.5 million investment

FoodBusinessNews
MINNEAPOLIS — So Good So You, a maker of premium refrigerated health shots, has closed a $14.5 million funding round led by Prelude Growth Partners. So Good So You plans to use the new capital to expand its national reach in-store and through e-commerce and to support new product development.......

AAK to build plant-based foods center

FoodBusinessNews
KARLSHAMN, SWEDEN — AAK AB has unveiled plans to establish a Plant-based Foods Global Center of Excellence on the company’s premises in Zaandijk, The Netherlands. The three-story center will include two pilot plants, an analytical laboratory, a customer experience kitchen and a sensory suite. “The long-term outlook for plant-based foods......

COVID cuts into Tootsie Roll candy channels

FoodBusinessNews
CHICAGO — The closing of certain channels where its products are sold led to lower earnings and sales at Tootsie Roll Industries, Inc. in the third quarter. Net income in the third quarter ended Sept. 30 totaled $24.67 million, equal to 37¢ per share on the common stock, down 17%......

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