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Takeda Pharmaceutical to Pay up to $2.4 Billion to Settle U.S. Lawsuits
Wednesday, April 29, 2015Takeda Pharmaceutical Co said Wednesday that it agreed to pay up to billion to settle US suits charging that the drug maker hid the cancer risk of its Actos diabetes drug Japans biggest drug maker by revenue said the move is expected to resolve the...
Norwich Pharmaceuticals breaks ground on $26 Million project at Chenango County, NewYork
Wednesday, April 29, 2015Norwich Pharmaceuticals a provider of contract manufacturing and clinical research services for the pharmaceutical industry broke ground Tuesday on a million expansion that will add square feet to its massive facility off of Route in Chenango Coun...
S Korean biopharma company Green Cross to build Cell Therapy manufacturing facility in China
Wednesday, April 29, 2015Pharmaceutical company Green Cross said Wednesday it will build a cell therapy manufacturing facility in the Guian New Area in Chinas Guizhou Province The firm said the new manufacturing site will address the cellular therapeutic industrys demand fo...
GlaxoSmithKline close to seek European approval for gene therapy drug to fight ADA-SCID
Tuesday, April 28, 2015GlaxoSmithKline is close to seeking European approval for a gene therapy drug to fight adenosine deaminase severe combined immune deficiency ADASCID in the latest sign of a renaissance in the technology to fix faulty genes A recent spate of deals ha...
Celgene acquires Quanticel Pharmaceuticals in a $485 million deal
Tuesday, April 28, 2015A few years after teaming up with Versant Ventures to get Stanford spinout Quanticel Pharmaceuticals off the ground Celgene CELG is buying the cancerfocused biotech for up to million Quanticel has a drugdiscovery engine that uses singlecell genomic...
Moberg Pharma acquires US OTC brand Balmex for $3.9 million
Tuesday, April 28, 2015Moberg Pharma AB has acquired Balmex a wellestablished OverTheCounter brand in the US from Chattem Inc the US Consumer Healthcare Division of Sanofi Net sales of the brand is trending on an annual rate exceeding million The purchase price is millio...
Antares terminates LEO Pharma marketing, gaining US rights to OTREXUP for Psoriasis
Tuesday, April 28, 2015Antares Pharma Inc NasdaqATRS today announced that it has regained US marketing rights to OTREXUP methotrexate injection for subcutaneous use for the psoriasis indication through the termination of an exclusive promotion and marketing agreement with...
OncoGenex terminates Teva collaboration regaining rights to Custirsen
Tuesday, April 28, 2015OncoGenex Pharmaceuticals Inc OGXI today announced that its wholly owned subsidiary OncoGenex Technologies Inc executed a termination agreement with Teva Pharmaceuticals Ltd TEVA under which OncoGenex will regain rights to custirsen an investigationa...
Swedish Orphan Biovitrum AB Said to be Open to Sale Amid Boom in Drug Deals
Monday, April 27, 2015Swedish Orphan Biovitrum AB the maker of treatments for rare diseases is open to a potential takeover after its stock reached an alltime high amid a boom in pharmaceutical deals people familiar with the matter said Swedish Orphan whose biggest share...
Australia Health Minister Sussan Ley confirms Pharmaceutical Benefits Scheme crackdown in May budget
Monday, April 27, 2015Health Minister Sussan Ley has confirmed the government will tackle perverse incentives in the health system by removing overthecounter medications such as Panadol aspirin and antacids from the Pharmaceutical Benefits Scheme in the May budget The...
