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Novartis buys remaining rights to GSK treatment for up to $1 billion
Friday, August 21, 2015Novartis has agreed to buy all remaining rights to Ofatumumab from Britains GlaxoSmithKline for up to billion boosting the Swiss drugmakers stable of multiple sclerosis MS treatments Baselbased Novartis had previously acquired the rights to Ofatumu...
Lilly, Boehringer diabetes drug cuts heart attack, stroke risk in trial
Friday, August 21, 2015A new diabetes pill from Eli Lilly and Co and Boehringer Ingelheim cut risk of heart attack stroke and death in a closely watched study the first glucoselowering drug to show such protective results in a large cardiovascular trial the drugmakers said...
Depomed rejects Horizon Pharma's offer for the third time
Thursday, August 20, 2015Depomed Inc rejected Horizon Pharma Plcs HZNPO takeover bid for the third time reiterating that the offer undervalued the company Depomed said Horizon Pharmas latest allstock bid had a current value of per share or about billion lower than Horizon...
Denmark's Drug maker Lundbeck to cut 1,000 jobs in restructuring
Thursday, August 20, 2015Drug maker Lundbeck will slash costs by billion Danish crowns million and cut jobs in a bid to regain profitability the company announced on Wednesday The Danish firm which appointed a new chief executive last May sells drugs to treat depression...
Amgen to pay $71 million to states for promoting off-label drug uses
Wednesday, August 19, 2015Amgen Inc has agreed to pay million to settle allegations by state attorneys general that it improperly marketed two of its blockbuster drugs The agreement announced Tuesday brings an end to a difficult chapter in the history of the Thousand Oaks...
Veloxis Pharmaceuticals: Envarsus XR granted Orphan Drug status in the U.S
Tuesday, August 18, 2015Veloxis Pharmaceuticals AS Said on Friday Envarsus XR was granted Orphan Drug status by the US Food and Drug Administration FDA for prophylaxis of organ rejection in patients who convert from immediaterelease tacrolimus Said looks forward to making...
India, EU working to end trade huff over generic drugs
Tuesday, August 18, 2015India and the European Union are taking steps to end a trade row sparked by an EU ban on Indian pharmaceutical products that New Delhi responded to by cancelling talks on a free trade accord with its largest trading partner officials said Indian Pri...
Raptor Pharmaceutical gets FDA Approval of Expanded Label for PROCYSBI
Tuesday, August 18, 2015Raptor Pharmaceutical Corp Monday said the US Food and Drug Administration approved the expanded use of PROCYSBI cysteamine bitartrate delayedrelease capsules to treat children two to six years of age with nephropathic cystinosis The approved supple...
GSK hopes big clinical trial can breath new life into lung drug
Friday, August 14, 2015GlaxoSmithKline is banking on a major clinical trial to revive its flagging respiratory medicine business with billions of dollars of sales riding on a positive result Data from the socalled SUMMIT study designed to show GSKs Breo can prolong lives...
Tonghua Dongbao Pharma to raise up to 1 bln yuan in private placement
Friday, August 14, 2015Tonghua Dongbao Pharmaceutical Co Ltd Says plans to raise up to billion yuan million in share private placement to acquire assets fund project and replenish capital Says shares to resume trading on Aug reuterscom
