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Merck to Acquire Biotech Company Afferent
Friday, June 10, 2016Merck Co has agreed to purchase biotechnology company Afferent Pharmaceuticals whose lead drug candidate is being evaluated as a treatment for refractory chronic cough and idiopathic pulmonary fibrosis with cough The deal will include an upfront pa...
Amgen says migraine prevention drug meets main goal of study
Thursday, June 09, 2016An experimental drug for prevention of chronic migraine headaches from Amgen Inc met the main goal of a midstage study by reducing the number of monthly attacks compared with a placebo the company said on Wednesday The biotech drug erenumab which is...
FDA panel backs approval of Pfizer's opioid painkiller
Thursday, June 09, 2016A US advisory panel on Wednesday recommended approval of Pfizer Incs longacting opioid painkiller Troxyca ER saying it dulls pain and its design could deter abuse by addicts in search of a quick high The panel however had reservations about the drug...
AstraZeneca sells rights to anaesthetics to South Africa's Aspen
Thursday, June 09, 2016AstraZeneca said on Thursday it had agreed to sell the commercialisation rights for its portfolio of anaesthetics outside the United States to South Africas Aspen Pharmacare for an initial payment of million The agreement covers seven established m...
Alkem's Taloja facility gets clean chit by UK health regulator
Wednesday, June 08, 2016Drug firm Alkem Laboratories on Tuesday said the UK health regulator has given a clean chit to its Taloja facility in Maharashtra after going through the corrective and preventive steps submitted by the company The company on Tuesday announced the c...
Ruane Cunniff Cuts Valeant Pharmaceuticals Stake Almost in Half
Wednesday, June 08, 2016Ruane Cunniff Goldfarb once the largest shareholder in Valeant Pharmaceuticals International Inc cut its stake in the troubled drug maker almost in half according to a regulatory filing Tuesday The manager of the billion Sequoia Fund said it owned...
FDA panel backs Teva's abuse-resistant opioid painkiller
Wednesday, June 08, 2016A US advisory panel recommended approving Teva Pharmaceutical Industries Ltds longacting opioid painkiller Vantrela ER saying data showed it has some abuseresistant properties The drug is designed for use every hours for the management of pain seve...
J&J, GSK rheumatoid arthritis drug meets goals of large trial
Wednesday, June 08, 2016An experimental drug for rheumatoid arthritis developed by Johnson Johnson and GlaxoSmithKline slowed joint damage and improved symptoms of the disease meeting the main goals of a large late stage trial according to data released on Tuesday In the...
RPT-Study finds targeted cancer drugs may work in range of tumor types
Tuesday, June 07, 2016Early results from a clinical trial of Roche Holding AG cancer drugs released on Saturday suggest some promise in matching treatments based on abnormalities found in a patients tumor rather than the organ in which the cancer was originally detected...
Alexion shares slump as drug misses goal in late-stage trial
Tuesday, June 07, 2016Alexion Pharmaceuticals Inc said its drug Soliris already approved in the United States for the treatment of two rare blood disorders missed its primary goal in a latestage trial Shares were trading down percent at in extended trade The drug is b...
