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Biopharmaceutical company JHL Biotech and Sanofi entered into a strategic alliance granting Sanofi exclusive rights to manufacture and market its own proposed biosimilar of JHL Biotech's drug Rituximab in China. Under the contract, JHL Biotech would be entitled to up…

The Chinese government's National Development and Reform Commission fined Medtronic 118.5 million yuan ($17 million) for allegedly setting a minimum price on its medical devices and barring dealers and distributors from discounting them to patients, reports The Wall Street Journal.

About 157,000 American workers quit their manufacturing jobs in October, representing the largest rate in more than eight years, according to a new survey from the U.S. Department of Labor.

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