Author: Peter Mansell

US government leads global health R&D funding, report finds

The US government is the world’s leading funder of global health research and development, investing more than US$12.7 billion over the past 10 years in new vaccines, drugs, diagnostics and other products for neglected diseases of the developing world, a new report has found.

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Parexel raises revenue guidance as Q3 operating income jumps 29%

After tightening up its financial guidance for fiscal year 2012 at the second-quarter stage, Parexel was on a more bullish track in the three months ended 31 March, raising its revenue forecast for the year and outpacing analysts’ expectations as operating income jumped 29% despite continuing restructuring charges.

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