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Warburg Pincus to invest up to $300 million in Vertice Pharma
Wednesday, November 18, 2015Private equity firm Warburg Pincus LLC said on Tuesday it had agreed to invest up to million in Vertice Pharma a British pharmaceuticals company that will focus on buying drug makers and their products Vertice Pharma will be a partnership between W...
European biotech gets boost as Genmab market value hits $7 billion
Wednesday, November 18, 2015European biotechnology long a poor relation to the far bigger US industry got a lift on Tuesday with approval of a new blood cancer drug that promises to bring sustainable profits to the continents secondbiggest biotech firm Its been a long haul for...
Clovis shares dive as FDA asks for more data on lung cancer drug
Tuesday, November 17, 2015Clovis Oncology Incs shares plunged nearly percent on Monday after US heath regulators asked for more data on the companys lung cancer drug potentially delaying its approval and giving a head start to AstraZenecas rival treatment that was approved o...
Roche breast cancer drug at center of UK pricing row
Tuesday, November 17, 2015A Roche drug that can prolong the lives of some women with advanced breast cancer has been plunged back into the center of a drug pricing row after Britains health cost agency declared that it is still too expensive The standoff shows how the price...
FDA approves J&J drug for advanced multiple myeloma
Tuesday, November 17, 2015US regulators have approved an experimental treatment from Johnson Johnson that may offer hope to multiple myeloma patients who have run out of other options against the blood cancer The US Food and Drug Administration on Monday said it had approve...
Array BioPharma, Pierre Fabre announce collaboration for two novel oncology products
Tuesday, November 17, 2015Array BioPharma Inc Co and Pierre Fabre to globally develop and commercialize Arrays latestage novel oncology products Binimetinib and Encorafenib Array to receive a million upfront payment and up to million in additional development and commercia...
U.S. drug benefit managers clamp down on specialty pharmacies
Monday, November 16, 2015In recent days the largest US managers of private prescription drug benefits have cut off at least eight pharmacies that work closely with drugmakers intensifying scrutiny of a system that helps inflate drug prices officials at the benefit managers t...
Japan’s growing generic market woos more Indian pharma firms
Monday, November 16, 2015Four years after the last buyout more Indian pharmaceutical firms are eyeing acquisition opportunities in Japan the worlds second largest drug market Except Mumbaibased Lupin Ltd which made its second buyout in in Japan none of the Indian drug make...
Panel recommends Merck & Co continue cholesterol drug study
Saturday, November 14, 2015Merck Co said an independent data monitoring committee recommended that the drugmaker continue a study of its experimental cholesterol drug anacetrapib The recommendation comes a month after Eli Lilly Co stopped testing a similar cholesterol drug...
Sun Pharma eyes Novartis' branded portfolio in Japan
Saturday, November 14, 2015Sun Pharmaceutical Industries is believed to be in talks with Swiss pharmaceutical giant Novartis to acquire its branded drug portfolio in Japan If the deal happens it would be Suns second association with Japan It had acquired Ranbaxy Laboratories f...
