The U.S. Food & Drug Administration said on Friday it had approved Eli Lilly's injected drug tirzepatide, which has the brand name Mounjaro, to help improve blood sugar control in adults with type 2 diabetes. The FDA said Mounjaro, along with diet and exercise, improved blood sugar levels and was more effective than the other diabetes therapies with which it was compared in clinical studies. Mounjaro is designed to activate receptors for hormones involved in blood sugar control. It is administered by injection under the skin once weekly, with the dose adjusted as tolerated to meet blood sugar goals. Lilly reported last month that a late-stage trial of tirzepatide showed that it helped obese patients lose more than 20% of their weight, leading Wall Street to boost sales forecasts for the drug. Analysts currently project 2026 sales of tirzepatide to reach $4.7 billion, according to Refinitiv. Similar diabetes drugs include Novo Nordisk's Ozempic, which is also approved by … [Read more...] about U.S. FDA approves Eli Lilly’s treatment for type 2 diabetes
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British healthcare firm launches $200 million VN venture
Pham Thi My Lien, president of GSK Pharma Viet Nam (right) receives an investment licence from the HCM City’s People’s Committee and Department of Planning and Investment at a ceremony held on May 11 in HCM City. — Photo courtesy of the company British global healthcare company GSK has launched its new legal entity in Viet Nam – GSK Pharma Viet Nam Company Limited (GSK Vietnam) – with an investment capital of US$200 million. For over nearly three decades, GSK’s representative office in Viet Nam has contributed to preventing and treating diseases in the country with its vaccines and medicines. The company said in a press release that it aims to deliver positive impacts on healthcare quality on more than one third of the Vietnamese population in the next three years. On May 11, it announced the establishment of GSK Vietnam to continue operating and growing sustainably and responsibly in the country. It targets becoming “one of the most innovative, best performing, and trusted … [Read more...] about British healthcare firm launches $200 million VN venture
Vietnam PM hails ASEAN-US maritime cooperation
Leaders of the U.S. and the 10-country Association of Southeast Asian Nations (ASEAN) attended the official working sessions of the ASEAN-US Special Summit on May 13 (Saturday morning Hanoi time). During the summit, the U.S. announced a series of new initiatives, including a $60 million package to expand maritime cooperation, which will entail helping ASEAN countries counter illegal fishing and deploying U.S. Coast Guard personnel to the Indo-Pacific to support maritime training. The administration of U.S. President Joe Biden says the initiative aims to "promote a free and open Indo-Pacific." The United States also affirmed its support for ASEAN's stance on the South China Sea, known as the East Sea in Vietnam, and welcomed ASEAN’s efforts to promote cooperation, dialogue and confidence building in the region, and strive to build an effective and efficient Code of Conduct (COC) in line with the United Nations Convention on the Law of the Sea 1982 (UNCLOS). At a discussion … [Read more...] about Vietnam PM hails ASEAN-US maritime cooperation
Prime Minister receives US Special Presidential Envoy for Climate
Prime Minister Pham Minh Chinh (right) and US Special Presidential Envoy for Climate John Kerry . (Photo: VNA) Boston (VNA) – Prime Minister Pham Minh Chinh met with US Special Presidential Envoy for Climate John Kerry in Boston on May 14 (local time) as part of his working trip to the US. PM Chinh highlighted Kerry’s heartfelt sentiments towards the country and people of Vietnam, as well as his responsibility and enduring contributions to Vietnam-US relations over the past years. He also praised Kerry for his role in building the two-Party consensus in the US in supporting the relationship with Vietnam, especially the settlement of war consequences – part of the process of reconciliation and trust-building between the people of the two countries. Vietnam consistently pursues a foreign policy of independence, self-reliance, peace, friendship, cooperation, development, multilateralisation and diversification of relations, and being a good friend and a reliable … [Read more...] about Prime Minister receives US Special Presidential Envoy for Climate
PM Pham Minh Chinh meets U.S. business community
He made the statement at a meeting with the U.S. business community in Washingon D.C on May 12 (local time), as part of his trip to the U.S. The meeting was held by the U.S.-ASEAN Business Council and the U.S. Chamber of Commerce, during which he also affirmed that Vietnam always considers the U.S. a leading partner. He said the impressive growth of trade of between 17-20 percent a year proves that there remains an ample room for economic development between the two countries. Vietnam is the ninth largest trading partner of the U.S. Two-way trade turnover between the two countries in 2021 reached nearly 112 billion USD in spite of difficulties caused by the COVID-19 pandemic, the PM noted. He said the world's context is undergoing many changes with opportunities, advantages and challenges intertwining. Vietnam is currently implementing the policy of safe and flexible adaptation to and effective control of the pandemic. The macro economy is stabilised and major balances … [Read more...] about PM Pham Minh Chinh meets U.S. business community
PM Chinh meets US business community
He was speaking during a meeting with the US business community in Washington DC on May 12 (US time), as part of the Vietnamese leader’s trip to the US. The meeting was held by the US-ASEAN Business Council and the US Chamber of Commerce. PM Chinh affirmed that Vietnam always considers the US as a leading, important partner. He said the impressive growth of bilateral trade of between 17-20 per cent a year proves that there remains ample room for economic development between the two countries. Prime Minister Pham Minh Chinh meets US investors and business leaders in Washington DC on May 12 (US time) — VNA/VNS Photo Vietnam is the ninth largest trading partner of the US. Two-way trade turnover between the two countries in 2021 reached nearly US$112 billion in spite of difficulties caused by the COVID-19 pandemic, the PM said. PM Chinh added that Vietnam is focusing on technology renovation, digital transformation and diversification of the supply chain. The … [Read more...] about PM Chinh meets US business community