Washington, April 29 (Xinhua/UNB) - Swiss-based cancer-drug giant Roche Holding AG is expected to lose its almost two-decade lead in the industry worldwide in a few years as competitors are catching up, U.S. media reported Sunday.
Roche, which has dominated the cancer-drug market since 2002, faces the challenge posed by a pending merger later this year between U.S. pharmaceutical companies Celgene Corp. and Bristol-Myers Squibb Co, The Wall Street Journal reported.
The combination "is set to create a rival that will soon knock Roche off its top spot," the report said.
Roche's domination in the market was largely thanks to its acquisition in 2009 of California-based biotech company Genentech, which developed Roche's top-selling trio: Herceptin, Avastin and Rituxan.
These drugs have generated sales of more than 235 billion U.S. dollars over the past 15 years.
The Swiss company, whose more than 60 percent of pharmaceutical revenue comes from cancer drugs, is expected to lose some 9.8 billion dollars of annual revenue from Herceptin, Avastin and Rituxan by 2022, it said.
The report cited projections from market-research company EvaluatePharma, which predicts that Roche's cancer-drug sales will fall in six consecutive years starting from 2019.
Roche's 2019 sales are expected to be 27.53 billion dollars, compared with the projection of 24.52 billion dollars for 2024.
In 2024, oncology sales of Celgene and Bristol-Myers Squibb are set to reach 27.07 billion dollars, according to EvaluatePharma.
The report said Roche, in order to put a brake on its sales decline, is trying to exploit non-oncology drugs and now focusing on Ocrevus, a drug for multiple sclerosis, as well as drugs for hemophilia.
Tehran, April 29 (Xinhua/UNB) - Iran exported 16,326 tons of tea worth 19 million U.S. dollars to 37 countries in the last Iranian year from March 2018-2019, Eghtesadonline reported on Sunday.
The figures registered a 11.4-percent rise in weight and 2.3-percent rise in value compared with the previous year.
The main importers were India, Uzbekistan, Tajikistan, Turkmenistan, Afghanistan, Iraq, Canada, Australia, Spain, the Czech Republic, Azerbaijan and Georgia.
About 200,000 people in Iran have been directly employed in the tea industry. There are 178 related factories across the country.
Tea is cultivated in Iran's northern provinces of Gilan and Mazandaran, where 50,000 families earn their livelihood from tea farming on more than 25,000 hectares.
Wuhan, April 29 (Xinhua/UNB) - Central China's Hubei Province's trade with Belt and Road countries surged by over 45.9 percent from 2013 to 2018, according to local customs statistics released Sunday.
The province's trade with Belt and Road countries reached 478.3 billion yuan (about 71 billion U.S. dollars) from 2013 to 2018, accounting for 28.2 percent of the province's total trade during the period.
Mongolia, Russia and Central Asia are the regions that saw the fastest growing trade with the province, with the total reaching 42.93 billion yuan from 2013 to 2018, up 1.5 times during the period.
Local customs noted that the variety of both exports and imports have increased, with the export of high-tech products increasing from 20.9 percent to 22.6 percent during the period.
Dhaka, Apr 27 (UNB) – The three-day Indonesian trade, tourism and investment expo titled ‘Indonesia Fair 2019’ concluded here on Saturday that saw a number of business meetings.
Former Commerce Minister Faruk Khan attended the closing ceremony as the chief guest. For the second time, the Embassy of the Republic of Indonesia in Dhaka organised the fair.
Some 25 Indonesian businesses and companies had registered to meet with prospective partners in Bangladesh to discuss issues relating to business, venture, or investment cooperation, said the Indonesian Embassy in Dhaka.
Around 40 exhibitors showcased diverse consumer and industrial goods made in Indonesia, as well as services in the fair.
The traditional and world-famous Indonesian Batik, fashion jewelry, handicrafts, foods and beverages, automotive, and special offers to tourism destinations were showcased.
The fair was aimed at encouraging Indonesian entrepreneurs and companies to expand their businesses in Bangladesh directly and encouraging them to invest in Bangladesh.
There are a number of Indonesia’s state-owned enterprises, such as PT Pertamina (oil and natural gas industry), PT INKA (railway industry), Garuda Maintenance Facility-GMF Aeroasia (maintenance, repair and overhaul industry), PT PINDAD (military and heavy equipment industry), and Indonesian Railway Consortium, that has been participating in the expo this year.
At the opening session, Indonesian buses exported by CV Laksana to its Bangladesh partner Shohagh Group were handed over.
The visitors were able to view the buses and other products of CV Laksana, Indonesia’s technologically advanced and world-class manufacturer in commercial vehicle industry.
Washington, Apr 27 (AP/UNB) — President Donald Trump expressed confidence Friday that a bilateral trade deal between the U.S. and Japan can be reached quickly despite ongoing differences over tariffs as he opened talks with Prime Minister Shinzo Abe at the White House.
Abe is the rare world leader who has managed to develop a personal relationship with Trump. They get along so well that Abe and his wife, Akie, joined Trump and his wife, Melania, for a couples' dinner Friday in the White House residence to celebrate the U.S. first lady's 49th birthday. The leaders planned to meet for a quick round of golf Saturday.
But all the friendliness they put on display in the Oval Office didn't mask their differences over trade. Trump complained about Japan's tariffs on U.S. agricultural products while Abe aired his frustrations with U.S. levies on Japanese automobiles. Trump has slapped tariffs on steel and aluminum imports from Japan and has held the threat of even steeper auto tariffs over Abe's head.
Still, Trump sounded optimistic that an agreement will be struck.
"Ultimately, we have a chance to make a good and very long-term trade deal with Japan," the president said.
Asked later about the timetable, Trump said: "I think it can go quickly. I think it can go fairly quickly. Maybe by the time I'm over there, maybe we sign it over there. But it's moving along very nicely and we'll see what happens."
Trump plans to travel to Japan in late May with the first lady for a state visit to meet the country's new emperor.
In their talks Friday, the two leaders were also expected to discuss North Korea's nuclear program and efforts by the U.S. and other nations to achieve a denuclearized Korean Peninsula. Trump and Abe met on the heels of Thursday's nuclear talks between North Korean leader Kim Jong Un and President Vladimir Putin of Russia. Trump's second summit with Kim in Hanoi in February ended with no agreement, but Trump said earlier Friday that progress is being made.
"I have a great relationship with Kim Jong Un," Trump told reporters. He said he appreciated help on the issue from Russia and China.
Kim had harsher words for Trump. North Korea's state-run Korean Central News Agency said Friday that Kim strongly criticized Washington for taking a "unilateral attitude in bad faith" that caused the diplomatic standstill following the Hanoi meeting.
Abe has had more face time and telephone conversations with Trump than any other world leader, said Michael J. Green, senior vice president for Asia and Japan Chair at the Center for Strategic and International Studies.
Abe was the first foreign leader to personally court Trump after he won the 2016 presidential election, visiting the then-president-elect at his Trump Tower penthouse in New York and bringing a golf club as a gift. They share a love of golf and have teed off together both in Japan and the U.S.
The president said he and Abe would head out very early on Saturday to play a "quick round of golf at a very beautiful place on the Potomac River. I won't name the place, but it's beautiful."
Trump said he asked his wife if she'd like the Abes to join them for her birthday dinner "and she said, 'I can't think of anybody I'd rather have.'" Abe told Trump: "I do look forward to celebrating this special day with you."
Trump also discussed some of the details of his planned visit to Japan, including the possibility of attending a sumo wrestling match.
"I've always found that fascinating" and "something I'll enjoy very much," he said. He said a trophy is being made for him to present to the winner.
The United States and Japan announced in September 2018 that they would open trade negotiations. Talks opened last week.
U.S.-Japan friction over trade mounted after Trump took office and set out to reduce a chronic trade imbalance totaling $67.6 billion in Japan's favor last year, according to U.S. figures.
Japan — the world's third largest economy — only reluctantly agreed to the talks with the U.S. as a way to stave off tariffs that Trump has threatened to impose on imported autos. Last fall, Abe said at a news conference on the sidelines of the U.N. General Assembly that the U.S. had agreed not to impose tariffs that had been threatened on Japanese autos. The U.S., however, could still impose the so-called Section 232 tariffs on autos, which would escalate trade tensions.
The trade war is slowing the Japanese economy. Japan's exports to China fell 9.4% from a year earlier, although exports to the United States rose 4.4%, exacerbating the politically sensitive trade surplus.
The trade talks also focus on farm products.
Japanese officials have said they made significant concessions on imports of dairy and other farm products in earlier trade negotiations and that's as far as Japan is willing to go. Japan's conservative ruling party has traditionally relied on strong support from rural voters and has sought to protect the country's farm sector from foreign competition.