Latest news with #CSPC
South China Morning Post
30-05-2025
- Business
- South China Morning Post
Chinese biotech's mega drug-licensing deals with multinationals surge on cost savings
A potential multibillion-dollar deal unveiled on Friday by CSPC Pharmaceutical Group is the latest in a growing number of agreements by Chinese biotechnology firms to license development rights for innovative medicines to global pharmaceutical firms, according to lawyers advising the companies. Advertisement Many of these deals use a so-called newco structure, which combines traditional intellectual property licensing with fundraising via a newly established corporate vehicle, said the Shanghai-based partners of San Francisco-based international law firm Morrison Foerster. 'Last year we saw at least seven newco deals,' managing partner Sun Chuan said. 'So far this year we have already identified five deals, and more are under discussion.' The broader trend of Chinese biotech firms licensing their intellectual property – as an alternative to raising funds by selling shares amid depressed valuations – was also continuing, with both the number of deals so far this year and their value exceeding the same period a year earlier, he said. On CSPC, based in Shijiazhuang in northern China's Hebei province, said it was in talks with unnamed parties on licensing development and marketing rights for its drug candidates including a targeted cancer therapy. Advertisement Potential payments to CSPC on each candidate could add up to US$5 billion, the company said. CSPC shares surged as much as 12.3 per cent on Friday.
USA Today
14-05-2025
- Business
- USA Today
Chinese-made bathroom, kitchen faucets sold on Amazon can leach lead, federal agency says
Chinese-made bathroom, kitchen faucets sold on Amazon can leach lead, federal agency says If you bought a new bathroom or kitchen faucet recently on Amazon, you might want to check your receipt. That's because some faucets made in China may leach lead into water, a federal agency warns. Show Caption Hide Caption Jewelry toys recalled over presence of liquid resin that can irritate skin and eyes The U.S. Consumer Product Safety Commission announced the recall of some 200,000 jewelry-making toys this week due to the presence of hazardous resin materials. Scripps News The U.S. Consumer Product Safety Commission is warning that several models of Chinese-made faucets sold on Amazon can leach lead into water. The CPSC issued several warnings on Wednesday, May 14, about specific bathroom and kitchen faucets sold on Amazon, which were tested and found to leach hazardous levels of lead into water. Lead consumption and exposure can be harmful to infants, young children and pregnant women. These are the faucets, all made by firms in China and sold on Amazon, covered by the CSPC warning: Ceinol brand bathroom faucets: The faucets, priced at about $55, were are sold by the company Chaozhoushibobangshejiyouxiangongsi, under Amazon seller name Ceinol-USA. The faucets, priced at about $55, were are sold by the company Chaozhoushibobangshejiyouxiangongsi, under Amazon seller name Ceinol-USA. KZH brand bathroom faucets: Priced at about $40 and sold by the company Ruianshi Yajieweiyujiejuyouxiangongsi, under Amazon seller name Yajie Sanitaryware. Priced at about $40 and sold by the company Ruianshi Yajieweiyujiejuyouxiangongsi, under Amazon seller name Yajie Sanitaryware. Rainsworth brand bathroom faucets: Priced at about $60; sold by the company Jiang Men Shi Le Chang Wei Yu You Xian Gong Si, under Amazon seller name Le Chang Sanitary. Priced at about $60; sold by the company Jiang Men Shi Le Chang Wei Yu You Xian Gong Si, under Amazon seller name Le Chang Sanitary. Vesla Home brand kitchen faucets: Priced about $30; sold by Foshan Xuansha Home Co., Ltd. Class-action lawsuit: Like Ziploc, Rubbermaid also sued over alleged 'dangerous' microplastics The CSPC found the faucets as part of an "enforcement sweep targeting dangerous faucets manufactured in China," the agency said in its warning. The Chinese firms have been contacted about issuing recalls, but none had agreed to, the CSPC said. Additional companies will face enforcement actions against more companies "in the coming days," the agency said. USA TODAY Recall Database: Search vehicle, product and food recalls "CPSC is taking extraordinary steps to protect Americans from toxic faucets that threaten our children," said CPSC acting chairman Peter Feldman in a statement accompanying the warning. "This Commission will not hesitate to warn Americans when necessary. CPSC remains focused on the biggest threat to American consumers: hazardous goods from China." Faucets with lead risk: What to do if you have one Consumers should stop using the following faucets, the CPSC says, because they were tested and found to contain lead that can leach into water at levels that can be particularly harmful to infants, young children and pregnant women. Lead exposure is most serious during brain development – in utero, infancy and early childhood, and high lead exposure levels can lead to learning disabilities, behavior difficulties, and a lower IQ, according to the Food and Drug Administration. If you must use these faucets until they can be replaced, run the water 15 seconds before getting water to drink or use for cooking. The CPSC is asking consumers to report any incidents involving injury or product defects at Mike Snider is a reporter on USA TODAY's Trending team. You can follow him on Threads, Bluesky, X and email him at mikegsnider & @ & @mikesnider & msnider@ What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day
Yahoo
18-02-2025
- Politics
- Yahoo
March protesting President Trump's agenda at City Hall
(COLORADO SPRINGS) — Multiple groups joined together for a community rally and march on Monday, Feb. 17 at City Hall. According to the Colorado Springs People's Coalition (CSPC), they and multiple other groups joined together at City Hall at 107 North Nevada Avenue at 1 p.m. to march to the El Paso County Sheriff's Office at 27 East Vermijo Avenue and then back to City Hall. RELATED STORY: Federal workers protest job cuts in 'Not Our President's Day' rally The groups are comprised of: Colorado Springs People's Coalition La Casa Brown Berets Freedom Road Socialist Organization Denver Colorado Immigrants Rights Coalition Action Fund Chicano Liberation Committee Pikes Peak Justice and Peace Commission Southern Colorado Black and Pink UCCS Students for Justice in Palestine A statement from CSPC said the groups are protesting President Donald Trump's agenda which they say are putting many people in harm's way. 'His cruel treatment of migrants, refusal to acknowledge trans people's existence, support for racist and violent police, blocking of reproductive rights, calling for the forced displacement of Palestinians, all of these horrific policies and others have to be called out and fought,' writes CSPC. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
14-02-2025
- Automotive
- Yahoo
Igloo recalls over 1 million coolers across the U.S. for fingertip amputation risk. What to know
Igloo is recalling more than one million coolers after a dozen injury reports stemming from an issue with the products' handles, according to a Feb. 13 recall notice from the U.S. Consumer Product Safety Commission. The "tow handle" on Igloo's 90-quart Flip & Tow Rolling Coolers can lead to consumers pinching their fingertips against the cooler, according to the CSPC notice. The company has received 12 reports of fingertip injuries, namely bone fractures, lacerations and fingertip amputations. Here's what to know: The recalled 90-quart Flip & Tow Rolling Coolers were manufactured before January 2024 and priced between $80 and $140. The manufacture date can be found on the bottom of the product. The coolers were sold in a combination of different colors, the notice said. To see a full list of the coolers being recalled, click here. Recalled products were sold for six years, between January 2019 and January 2025, at various retailers and online. Retailers include Costco, Target, and Dick's while online marketplaces include Amazon and the company's website. Igloo is recalling about 1,060,000 coolers in the U.S., as well as about 47,000 in Canada and 23,000 in Mexico, the notice says. Consumers are urged to stop using the coolers immediately and contact Igloo for a free replacement handle. More: Canned tuna has been recalled in 27 states, including Wisconsin, for risk of deadly toxin This article originally appeared on Milwaukee Journal Sentinel: Igloo recall: What to know about coolers sold in Wisconsin, nationwide
Associated Press
13-02-2025
- Science
- Associated Press
The Center for the Study of the Presidency and Congress Launches Project Commemorating America's 250th Anniversary
WASHINGTON, D.C., Feb. 13, 2025 (SEND2PRESS NEWSWIRE) — The Center for the Study of the Presidency and Congress (CSPC) is excited to announce the launch of its Quarter Millennial Project, a multi-pronged initiative marking the 250th anniversary of the United States in the lead up to July 4, 2026. Through digital exhibits, story telling, and events, the project will examine the nation's history through the lens of innovation as we approach this important milestone for the country. Today, two centerpieces of the project, a 'Life in 1776' digital exhibit and an interactive 'Innovation Timeline,' go live for public access on CSPC's website. The digital exhibit on 'Life in 1776' offers a deep dive into early American society and the Revolutionary period. Viewers are able to explore nine modules on a range of topics including voting, education, and commerce. The modules feature photos, newspaper clippings, and videos that bring together the collective work of museums, historical societies, and academic institutions. By learning about the origins of our nation, we gain a greater appreciation of the progress that has shaped American history. The 'Innovation Timeline' showcases over 50 key innovations in technology and science spanning from the founding of our country to the present-day. It allows visitors to explore major milestones and lesser-known achievements from the launch of the first successful commercial steamboat in the 19th century to the modern-day discovery of CRISPR gene editing technology. Through this multi-media timeline, users will gain an appreciation for the role innovation has played in America's success and learn more about the inventors and explorers that have propelled the nation's progress. As we collectively reflect on 250 years of history and look towards the future, this project aims to spark an exploration of the nation's past that inspires the next generation of American innovators. For more information about the Quarter Millennial Project and to view the website, please visit About the Center for the Study of the Presidency and Congress: The Center for the Study of the Presidency & Congress (CSPC) is a non-profit, non-partisan think tank focused on understanding past lessons of Presidential and Congressional leadership; tackling today's strategic policy challenges; and educating future generations of leaders. For more information on CSPC, visit or follow CSPC on LinkedIn or X. NEWS SOURCE: Center for the Study of the Presidency and Congress Keywords: Government, Quarter Millennial Project, America's 250th Anniversary, The Center for the Study of the Presidency and Congress, WASHINGTON, D.C. This press release was issued on behalf of the news source (Center for the Study of the Presidency and Congress) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P124031 AP-R15TBLLI
