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Sanofi, AstraZeneca swap compounds in new twist on open drug R&D
Saturday, November 21, 2015French drugmaker Sanofi and Britains AstraZeneca said on Friday they had agreed a direct exchange of chemical compounds from their respective libraries in a new twist on the drive to boost open innovation In a bid to increase the number of leads fo...
Slovenian drugs firm Krka predicts flat profits this year
Friday, November 20, 2015Slovenians generic drug producer Krka expects its net profit this year to be unchanged from the million euros it made in while sales are expected to be down by around percent the company said in a statement on Thursday It also predicted its net p...
Former Sanofi CEO Viehbacher to bankroll new drugs
Friday, November 20, 2015Chris Viehbacher ousted last year after six years as CEO of French drugmaker Sanofi is settling into a new job that involves picking promising experimental drugs before they have been tested in human trials Viehbacher pushed out amid declining sales...
Swedish pharma firm Camurus plans IPO at market cap up to 2.2 bln SEK
Friday, November 20, 2015Swedish pharma research company Camurus intends to float its shares on the Stockholm bourse giving it a market capitalisation of up to billion crowns million it said on Thursday The listing pencilled in for Dec adds to a planned bumper finish for...
Horizon Pharma withdraws offer for Depomed after court ruling
Friday, November 20, 2015Irelandbased Horizon Pharma Plc said it has withdrawn its offer to acquire Depomed Inc DEPOO following a court ruling that granted Depomeds motion for preliminary injunctive relief on Horizons alleged used of confidential information While we strong...
Cipla, Glenmark in race for hived-off Teva-Allergan generics in US
Thursday, November 19, 2015Indian drug makers such as Cipla and Glenmark are among some companies bidding for tens of products to be hived off in the US the worlds biggest pharma market as part of Tevas acquisition of Allergans generics business Last August Israelbased Teva...
FDA again rejects single-dose use of AMAG's Makena
Thursday, November 19, 2015AMAG Pharmaceuticals Inc said the US Food and Drug Administration rejected a single dose of its hormone injection used to reduce the risk of premature birth the agencys second rebuff in six months The companys shares fell percent to in afterhours...
Turing Pharmaceuticals CEO buys 1.2 mln KaloBios' shares
Thursday, November 19, 2015Drug developer KaloBios Pharmaceuticals Incs shares rose fivefold in extended trading after Turing Pharmaceuticals Incs Chief Executive Martin Shkreli bought million shares of KaloBios The shares were bought at prices ranging between cents and ea...
Global drug spending to hit $1.4 trillion in 2020
Wednesday, November 18, 2015Global spending on medicines will reach trillion in driven by increased healthcare access in emerging markets and highpriced new drugs for cancer and other diseases according to a forecast by IMS Health released on Wednesday That is up from about...
Novartis biosimilar takes aim at Amgen drug Neulasta
Wednesday, November 18, 2015The US Food and Drug Administration has accepted Novartis unit Sandozs submission for approval of a biosimilar version of USbased Amgens Neulasta drug that fights infections in cancer patients the Swiss group said on Wednesday It marks the companys...
