Chinese Firm Halts Production of Controversial Alzheimer's Drug

A Chinese company that developed the country's first homegrown Alzheimer's disease therapy has suspended production of the drug, a local media report said, casting doubts on the treatment's future nearly five years after its approval.
Shanghai's Green Valley Pharmaceutical Co. informed employees of the production halt in an internal notice at the end of May, Yicai reported Monday, citing a person it didn't identify. The company failed to renew the drug's license and is currently waiting for regulatory review, the outlet reported, citing the source.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Yahoo

2 hours ago

• Yahoo

Tesla (NasdaqGS:TSLA) Set To Enter Indian Market With First Showrooms In July

Tesla is set to make a significant shift, entering the Indian market in July 2025 with new showrooms. This expansion comes at a time when the company's stock price rose by 30% over the last quarter, amid flat market performance in the past week and a 10% rise over the past year. The entry into India is aimed at countering declining sales in Europe and China, which could have influenced investor sentiment. Despite challenges such as a recent lawsuit and executive changes, this regional expansion might add weight to the broader market uptrend. Tesla has 2 risks we think you should know about. The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 27 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement. The recent announcement of Tesla's expansion into the Indian market is a significant development that could influence its broader growth narrative. Despite facing challenges in other regions, this move may provide a new revenue stream, potentially mitigating some of the pressures from decreasing sales in Europe and China. Over the past five years, Tesla's shares have seen a very large total return of 403.51%, illustrating substantial long-term growth. When comparing to the previous year, Tesla's share return also surpassed the market, which returned 10%, and the US Auto industry, which posted a 60.9% gain over the past year. This suggests persistent investor confidence in Tesla, supporting its trajectory even amid short-term volatility. The strategic entry into a new market such as India might bolster revenue and earnings forecasts, as analysts anticipate a 16.6% annual revenue growth over the next three years. However, potential risks including geopolitical uncertainties and leadership changes could impact execution. With Tesla's current share price at US$275.35, it is trading close to the analyst consensus price target of US$289.44, suggesting a modest upside of 4.9%. This share price movement reflects mixed sentiments among investors regarding the balance of growth potential and inherent risks. Tesla's diverse initiatives, ranging from autonomous vehicles to energy solutions, underline its pursuit of long-term profitability, suggesting a complex interplay of factors influencing its market position. Gain insights into Tesla's outlook and expected performance with our report on the company's earnings estimates. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:TSLA. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Connectez-vous pour accéder à votre portefeuille

Yahoo

2 hours ago

• Yahoo

Ford Apparently Doesn't Care About Engines Anymore

Read the full story on The Auto Wire We have bad news for Ford fans: a top executive just said the automaker doesn't care about engines anymore. His justification is that consumers don't care about them, either. And boy, do people have a lot of hot takes about at a recent Bernstein conference, Ford Vice Chair John Lawler shared his controversial thoughts. 'I don't think that consumers really think about powertrains the way they did 30 years ago. Where combustion engines defined what a vehicle was; the horsepower, the displacement, the torque, and everything about the vehicle; I think a lot of that is gone.' As Ford and other Western automakers face the looming threat of Chinese brands which sell vehicles at unbelievably low prices, the Blue Oval and others are looking for every competitive advantage possible. That includes outsourcing engine development and manufacturing to suppliers. In other words, your Ford might have the exact same engine as a Honda or Chevy or Kia. Lawler believes car shoppers won't care. Unfortunately, we think for a portion of the market this is true. For some people, all they care about is when they push the ignition button the car turns on and it goes. They don't know or care about how many cylinders it has, the displacement, or how much power it makes. But there's always been a subset of society that has this kind of attitude. Suddenly, Lawler and others in the industry believe they should cater to them, but really it's a pretense. The real reason isn't because there are consumers who don't care about engines. What it comes down to is automakers are scared spitless they're going to get mowed over by Chinese automakers. Instead of leaning into what they do best and riding out the storm, they're going to try beating the Chinese at their game. It's a dumb move. The thing is your average person who buys a Nissan Rogue or some other beige vehicle doesn't care about the engine, until they do. If the thing is sluggish because it doesn't make much power and they have trouble merging onto the highway, they care. If the engine blows up at 80,000 miles because it was engineered or manufactured poorly, they care. They might not obsess over engine specs like enthusiasts, but there's a reason why Toyota sells so many Camrys: everyone knows they're super reliable and that's largely because of the proprietary engine design. Take that away and what is the Camry? It's revealing how the automotive media is largely agreeing with Lawler, even if begrudgingly because they've all bought into the narrative that electric cars are inevitably the future. That's the other thing driving this move. Automakers want to justify killing off internal combustion engines and taking away resources to further develop them is a wonderful way to do that. But Ford and others can't just turn away from ICE engines. They have to turn public opinion against them, salting the earth for Toyota or anyone else who might try to keep innovating in that space. They want to force the industry into electrification now that EV mandates won't be happening. We hope they fail and miserably so. Long live ICE. Source: Automotive News Image via Ford Join our Newsletter, subscribe to our YouTube page, and follow us on Facebook.

Yahoo

3 hours ago

• Yahoo

Henderson Land upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley upgraded Henderson Land (HLDCY) to Overweight from Equal Weight with a price target of HK$31, up from HK$26.50, as the firm refreshed its ratings and preferences among its Hong Kong property coverage. Hong Kong property prices are down 30% since their peak five years ago and the firm sees several drivers pointing towards a bottoming, says the analyst, who argues investors 'could benefit from a long steady cycle ahead.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Disclaimer & DisclosureReport an Issue Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data