The latest breakthrough therapy designation announcements from the Pink Sheet’s US FDA Performance Tracker

As expected, the National Medical Products Administration has issued four draft subsidiary regulations in rapid succession since publishing China’s new, finalized framework regulation for cosmetic products at the end of June. The documents include Technical Guidelines for Cosmetic Safety Assessment, a topic on which industry has been eagerly awaiting clarity.

Unilever’s leadership is optimistic about its enormously expanded hygiene business – both skin cleansing and home cleaning – inasmuch as it doubts that a full COVID-19 recovery is in sight. The firm launched hand sanitizers in 65 new markets in just five months, helping to offset plunging sales in other areas of its business that were heavily impacted by lockdowns around the world.

Fundraising in the life sciences sector has been booming even as firms in many other industries are struggling to stay in business. Goodwin’s David Mardle is upbeat about the sector’s ongoing prospects – although M&A deals are currently proving tricky to complete.