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The easiest thing to win at Rio Games? A ticket

By Joshua Schneyer NEW YORK (Reuters) – Over the past few weeks, one U.S. marketing executive's phone has been ringing hot with offers that many sports fans could only dream of: an all-expenses-paid trip to watch the Olympic Games in Rio de Janeiro next month. The marketing executive, speaking on condition of anonymity to avoid harming business relationships, said he had turned down Rio due to prior commitments. “And when you have a souring market, which Brazil has become, the concept of entertaining at a high-profile event can also go sour.” For the host city, corporate entertainment is an important part of its plan to recoup part of its $12 billion (9.15 billion pound) in Games investment.

AstraZeneca digs into precision medicine with lung, heart deals

By Ben Hirschler LONDON (Reuters) – AstraZeneca is diving deeper into personalized healthcare with two projects that move the concept beyond cancer into respiratory disorders and heart disease. Personalized or precision medicine, which tailors treatment to a patient's genetic profile, is an increasing focus for drug companies, especially after an initiative from U.S. President Barack Obama in January. “Up to now the science of personalized healthcare has been slower to reach those common disease areas such as cardiovascular and respiratory disease.” To redress the balance, AstraZeneca said on Wednesday it had signed two deals, one with Abbott Laboratories for a diagnostic test to accompany an experimental asthma drug and another with Canadian scientists on genes associated with heart disease.