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Colombia Battles World’s Biggest Drugmaker Over Cancer Drug
Colombia's government is giving pharmaceutical giant Novartis a few weeks to lower prices on a popular cancer drug or see its monopoly on production of the medicine broken and competition thrown open to generic rivals.
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- Health Care
- Region
- Latin America
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TransferTo, Barri Partner to Provide Mobile Money Transfers in El Salvador
Barri Financial Group, a U.S.-based money transfer service provider, has signed a strategic partnership with TransferTo, a B2B mobile payment network, to enable real-time mobile money transfers to Tigo Money accounts in El Salvador.
- Categories
- Technology
- Region
- Latin America
- Tags
- fintech, remittances
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In Brazil, a New Zika Strategy: Billboards That Smell Like Humans and Kill Mosquitoes
There’s an impressive array of creative billboards in Brazil. One in Rio de Janeiro sprays mists of water to cool down beachgoers waiting for a bus home. But a new innovation recently unveiled in this city is plain lethal — at least for bugs.
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- Health Care
- Region
- Latin America
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Opinion: Why … Rio de Janeiro’s 2016 Olympic Games Must Not Proceed
Zika infection is more dangerous, and Brazil’s outbreak more extensive, than scientists reckoned a short time ago. Which leads to a bitter truth: the 2016 Olympic and Paralympic Games must be postponed, moved, or both, as a precautionary concession.
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- Health Care
- Region
- Latin America
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How an Obscure Disease Became a Global Health Emergency
In early February 2015, doctors in the impoverished northeastern part of Brazil noticed a surge in the number of people complaining about a mild illness, with and without fever, characterized by rash, fatigue, joint pains, and red eyes. The illness was brief and recovery was spontaneous. A mild form of dengue, a mosquito-borne disease hyperendemic throughout the country, was initially suspected, but tests were negative in the vast majority of samples. Chikungunya, another mosquito-borne disease first detected in Africa in 1952, had hopped to Brazil in September 2014 and was likewise suspected. Again, tests results were negative.
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- Health Care
- Region
- Latin America
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Cuba to Cooperate with China on Biotechnology, Pharmaceuticals
Cuba is set to enhance strategic cooperation with China in the biotechnology and pharmaceutical industries.
- Categories
- Health Care, Technology
- Region
- Latin America
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Mexico Prepares Regulations for Debt & Equity Crowdfunding
This past week the Comisión Nacional Bancaria y de Valores (CNBV) published their 7th National Financial Inclusion Report (Reporte Nacional de Inclusión Financiera). The document (embedded below) spent a good amount of time defining and addressing the various forms of investment crowdfunding. The document was published in advance of expectations that Mexico will soon enact an updated securities regulatory regime to embrace internet finance.
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- Investing
- Region
- Latin America
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Guadalajara Startup Kueski Scores Largest Fintech Investment in Mexico History With $35 Million
Guadalajara microloan startup Kueski announced a massive funding series over the weekend, bringing in $35 million with the potential to increase that to $100 million. The Series A round was led by Richmond Global Ventures, Rise Capital, the CrunchFund and Variv Capital. It also included Victory Park Capital, Angel Ventures Mexico, Core Ventures Group and Auria Capital.
- Categories
- Investing
- Region
- Latin America
- Tags
- fintech, lending, microfinance