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MediWound Says Burn Treatment NexoBrid Approved In India
(RTTNews) - Biopharmaceutical company MediWound Ltd. (MDWD) announced Tuesday it has gained marketing approval of NexoBrid in India. MediWound has signed an agreement granting Indian peer Bharat Serums and Vaccines Ltd. the exclusive right to market and distribute NexoBrid in India for the treatment of severe burns.
Bharat Serums and Vaccines is expected to begin commercializing NexoBrid in India in the first half of 2023. NexoBrid is already approved in 42 countries as a burn treatment.
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European Shares Seen Little Changed At Open
European stocks are seen opening narrowly mixed on Thursday as investors look ahead to the European Central Bank's monetary policy announcement later in the day.
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Sensex, Nifty Open Higher Ahead Of RBI Meet
Indian shares traded higher on Thursday as weak U.S. economic data reinforced speculation that the Federal Reserve will cut interest rates at least twice this year.
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European Economic News Preview: ECB To Cut Interest Rates
The European Central Bank is widely expected to cut its interest rates on Thursday after inflation fell below the 2 percent target in May. Markets expect the bank to lower the deposit rate by another 25 basis points to 2.00 percent. The bank has reduced the policy rates by a quarter points each in every rate-setting session since September.
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Australian Market Slips To Slight Losses In Mid-market
The Australian market is slipping to slight losses in mid-market moves on Thursday after opening in the green, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,550 level, with by weakness in energy and financial stocks partially offset gains in iron ore miners and some technology stocks.
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Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, amid optimism about the outlook for interest rates after the release of some weaker than expected U.S. economic data, which raised concerns about the strength of the economy. Asian markets closed mostly higher on Wednesday.
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Sensex, Nifty Set For Muted Start
Indian shares look set to open largely unchanged on Thursday as investors look ahead to the Reserve Bank of India's (RBI) monetary policy decision on June 6, with the central bank widely expected to cut interest rates by 25 basis points for the third consecutive time.
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Recovery Anticipated For Thai Stock Market
The Thai stock market has moved lower in consecutive trading days, separated by the long holiday weekend - giving up more than 30 points or 2.4 percent along the way. The Stock Exchange of Thailand now rests just above the 1,130-point plateau although it's likely to bounce higher again on Thursday.
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Japanese Market Modestly Lower
The Japanese market is trading modestly lower on Thursday, reversing some of the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 37,650 level, with weakness in automakers, exporters and financial stocks partially offset by gains in technology stocks.
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