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Novartis, US agree to malaria drug trial against COVID-19

SWISS drugmaker Novartis on Monday (20) reached an agreement with the US regulators to hold a randomised trial of generic malaria drug hydroxychloroquine against COVID-19 disease in 440 hospitalised patients.

The decades-old medicine has received US Food and Drug Administration (FDA) emergency use authorisation for COVID-19 disease, but so far there is no scientific proof it helps those afflicted.


"We recognise the importance of answering the scientific question of whether hydroxychloroquine will be beneficial for patients with COVID-19 disease,” said John Tsai, Novartis's top drug developer.

The drug, also used to treat lupus and rheumatoid arthritis, has been promoted by president Donald Trump, with some worried the administration's advocacy for an unproven medicine for COVID-19 has short-circuited the oversight process.

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Uber tightens grip on Europe’s food delivery market with Delivery Hero stake
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Uber tightens grip on Europe’s food delivery market with Delivery Hero stake

  • Uber raises its holding in Delivery Hero to about 7 per cent.
  • Deal helps Prosus meet EU competition conditions tied to Just Eat takeover.
  • Fresh sign of consolidation across Europe’s food delivery market.

The European food delivery market is starting to look like a game of strategic stakes rather than just customer orders. Uber has picked up a 4.5 per cent stake in Delivery Hero for roughly £235.4 million, buying the shares from Prosus, the owner of Just Eat Takeaway.

This takes Uber’s total holding in the German group to about 7 per cent, building on an earlier $300 million (£222.1 million) investment made in May 2024. The move comes as Uber looks to scale up Uber Eats across Europe, at a time when competition is tightening and margins remain under pressure.

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