Biocon shares gain over 2% on launch of cancer drug KRABEVA in India

Biocon share price gained 2.5 percent intraday Thursday after the biopharmaceuticals firm has launched KRABEVA, a biosimilar Bevacizumab, in India.

The drug is used for the treatment of patients with metastatic colorectal cancer and other types of lung, kidney, cervical, ovarian and brain cancers, in India.

“We believe KRABEVA will be an important addition to oncology portfolio of novel biologics as well as biosimilars, which are making a significant impact in the realm of cancer care in India,” Arun Chandavarkar, CEO and joint MD, Biocon said.

KRABEVA is the second key oncologic biosimilar product from Biocon’s global biosimilars portfolio to be launched in India, in order to address the unmet patient need for affordable biological therapies.

The product is being offered to patients at an MRP of Rs 24,000 for 100 mg / 4 ml vials and Rs 39,990 for 400 mg / 16 ml vials.

KRABEVA is being launched post successful completion of phase III clinical trials and approval of company’s marketing authorisation application by the Drug Controller General of India.

At 11:02 hours IST, the stock price was quoting at Rs 418.50, up Rs 9.90, or 2.42 percent on the BSE.


After Musk Remark, Zuckerberg Shares One Reason Why He’s So Optimistic About AI

After Musk Remark, Zuckerberg Shares One Reason Why He's So Optimistic About AI


  • The battle of billionaire geeks continues
  • After Musk insulted Zuckerberg, Facebook chief executive has responded
  • Zuckerberg says he remains optimistic about AI

Hours after billionaire Elon Musk made a public aspersion about Mark Zuckerberg’s knowledge, by saying Facebook chief executive’s understanding of artificial intelligence is “limited,” Zuckerberg has reaffirmed why he is so optimistic about the nascent technology. To recall, Musk was responding to Zuckberberg’s comments made during a Facebook Live broadcast, where the Facebook CEO called out naysayers.

In a public post, Zuckerberg congratulated his company’s AI research division for winning the best paper award at the “top” computer vision conference for research in “densely connected convolutional networks” subject.

In the same post, Zuckerberg shared “one reason” why he is so optimistic about AI. These efforts, he said, could bring “improvements in basic research across so many different fields — from diagnosing diseases to keep us healthy, to improving self-driving cars to keep us safe, and from showing you better content in News Feed to delivering you more relevant search results.”

“Every time we improve our AI methods, all of these systems get better. I’m excited about all the progress here and it’s potential to make the world better,” Zuckerberg said, whose company already uses a range of AI-powered tools to, among other things, serve relevant posts to around two billion people on the planet.

Zuckerberg’s remarks comes merely hours after Tesla and Space X founder and CEO Elon Muskcriticised Zuckerberg’s inability to foresee the evil side of artificial intelligence. Musk believes that all these AI efforts need to be regulated by the government, as otherwise there is a chance one day these AI-powered robots would kill humans, in what he describes as the “doomsday” scenario.

Over the weekend, in a Facebook Live session, Zuckerberg without calling out Musk, said “naysayer’s” predictions about “doomsday scenarios” were “irresponsible.” When a user asked about Musk’s views on Zuckeberg’s remarks, Musk tweeted Tuesday that he has spoken to Mark Zuckerberg and reached the conclusion that his understanding of AI is limited.


Comcast Shares IoT, LoRa Insights

Image result for Comcast Shares IoT, LoRa InsightsSAN JOSE, Calif. – Six months into leading a new Internet of Things initiative for Comcast, Alex Khorram is trying to get his arms around an opportunity he is convinced will be huge. Like others attacking IoT, the general manager of the MachineQ service finds the market complex and diverse.

Comcast announced in October it will use the LoRa unlicensed narrowband network to address a dozen broad business opportunities from asset tracking and smart parking to waste management. So far it has a network up in Philadelphia where it has tens of field trials with small and large customers and plans to deploy nets in Chicago and San Francisco later this year.

Khorram found many companies are interested in IoT but few have the breadth of technical expertise to easily deploy a large project. “You can get to a prototype quickly, but it’s tough to find hardware, network and software engineering resources all in the same company,” he said.

“The top of the funnel is huge where people are interested in creating proof-of-concepts, but [the trouble is in] getting to the next 10,000 [units]—the industry is working on foundry or OEM partnerships, [but deployments] are very individualized,” he said.

While systems integrators may play a role filling the gaps, new business models are still opening up for companies that enable IoT. Thus Khorram is still investigating what roles Comcast will play with its MachineQ service.

“We don’t know the answer just yet…even a year from now I may not have the answer — it’s a bit of all the above. First we provide the connectivity and then help people on the device and app sides flourish and see what that means for our business,” he said.

For now, Comcast provides Lora gateways from multiple unnamed vendors to link to its backbone network. It lets its customers buy their own end-node hardware from chip and module makers.

Unlike its much smaller rival Senet, Comcast does not aim to create a national LoRa network. Instead it will focus on regional and metro use cases where it has an existing footprint that covers about half the U.S. population.

“Opportunity is not restricted if you have a regional play. One smart city often has nothing to do with the city next door even if you have coverage there,” Khorram said.

Some of the initial use cases that look promising include infrastructure metering, asset tracking and monitoring temperature for products required to stay cold. Long term, Comcast even has hopes of serving IoT in agriculture.

Super Mario Run Release Date Announcement Sees Nintendo Shares Spike

Super Mario Run Release Date Announcement Sees Nintendo Shares Spike

Shares in gaming giant Nintendo jumped more than five percent Wednesday after details of the launch for its keenly awaited new Super Mario game for iPhones were released, hot on the heels of the Pokemon craze.

Kyoto-based Nintendo said it would release Super Mario Run worldwide for Apple’s iPhone and iPad through the App Store on December 15.

The firm’s stock price soared as much as 5.5 percent at one point before easing slightly to close up 2.77 percent at JPY 25,550 on the Tokyo Stock Exchange.

Super Mario, which dates to 1985, is one of Nintendo’s best-known and most instantly recognisable brands.

It is so associated with Japan that Prime Minister Shinzo Abe in August appeared at the Rio Olympics’ closing ceremony in the mustachioed plumber’s red hat and blue overalls to promote Tokyo’s 2020 Games.

The full app would cost $9.99 in the United States and JPY 1,200 ($10.95) in Japan, although limited elements of the game would be available for free.Nintendo’s shares more than doubled in July – making it more valuable than Sony at one point – as its Pokemon Go game exploded into the public consciousness, being downloaded half a billion times.

However, because the firm did not own the licence to the game – that is owned by San Francisco-based Niantic – its success had little impact on the firm’s bottom line.

But while its share price has dipped back slightly over the past few months, it is still up two-thirds from lows seen before the emergence of Pokemon Go.

‘Can’t wait’
Neil Campling, an analyst at Northern Trust Capital Markets, hailed the company’s approach of enticing gamers in the same way as other mobile game successes as “a great strategy”.

“To set a low incentive and then a low total cost when engaged could set Nintendo on a differentiated path, which ultimately could be a game changer,” Campling said.

The game will be introduced for Android-based devices at a later date.

Social media reaction in Japan to the game’s price was positive.

“Once you pay 1,200 yen, you don’t have to pay extra money,” one fan said on Twitter. “That’s cheap. Can’t wait.”

Nintendo has already said that any potential earnings impact from Super Mario Run has already been factored into its forecast for the present fiscal year.

Nintendo warned last month that its operating profit would come in at 30 billion yen for the financial year, about one-third less than an earlier forecast, while sales would also be lower than expected.

After years of refusing to move into the smartphone sector, Nintendo – which also created the Donkey Kong and Legend of Zelda brands – announced last year it was teaming up with Japanese mobile specialist DeNA to develop games for the handsets based on its host of popular characters.

And in March, the company released its first mobile game “Miitomo” – a free-to-play and interactive game that allows users to create avatars – as it tries to compete in an industry that has increasingly moved online.

However, it remains committed to its console business and last Thursday launched a palm-sized version of its 1980s-era games console the Famicom, while it also plans to unveil another device early next year.

Tags: Super Mario Run Android, Super Mario Run, Apps, Gaming, Apple, Nintendo