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GlaxoSmithKline has bought global rights to an experimental drug from Johnson Johnson for up to 175 million pounds 230 million raising its bet on a new generation of biotech medicines for severe asthma The British drugmaker recently launched Nucala its first injectable biological asthma drug and i..
Merck and AmoyDx collaborate to bring liquid biopsy RAS biomarker testing to China Merck and AmoyDx plan to implement ADXSuperARMS liquid biopsy RAS test in Chinese medical centers in 2017 Plan to expand into other markets such as Argentina India Mexico Taiwan Hong Kong Brazil and Russia by 2019 T..
The US Federal Trade Commission approved Teva Pharmaceutical Industries Ltds 405 billion purchase of Allergan Plcs generic drugmaking unit after the companies agreed to the biggest divestiture ever in a pharmaceutical merger to preserve competition The companies agreed to sell 79 existing and futur..
Buyout firms Advent International and CVC Capital Partners have made offers to acquire inVentiv Group Holdings a pharmaceutical research firm seeking to go public at a valuation of over 4 billion including debt people familiar with the matter said The bids illustrate the private equity sector39s in..
In what would be the first instance of large FDI from China in Indian manufacturing Shanghai Fosun Pharmaceutical Group Co will sign a definitive agreement later on Wednesday to acquire a controlling stake in Hyderabadbased Gland Pharma in a 14 billion transaction paving the way for the Chinese firm..
XChem Inc a privately held biotechnology company applying its cuttingedge lead discovery capabilities to the generation of novel small molecule therapeutics today announced a multitarget drug discovery agreement with AbbVie The collaboration is focused on the discovery and development of novel treat..
Recro Pharma Inc said an intravenous version of its lead painkiller was successful in the first of two pivotal latestage trials sending the company39s shares surging 50 percent in trading after the bell The drug Meloxicam was being evaluated to treat acute pain in patients after a bunionectomy surg..
Shanghai Pharmaceuticals Holding Co Ltd Says its unit receives goods manufacture practice GMP certificate from Shanghai Food and Drug Administration Says certificate is issued to three drug production lines and the valid period is until 2021 Source reuterscom ..
Apricus Biosciences Inc a biopharmaceutical company advancing innovative medicines in urology and rheumatology today announced that it has further expanded its exclusive distribution agreement with Ferring Pharmaceuticals Ferring for the commercialization of Vitaros Apricus novel topical ondemand tr..
Germany wants to extend a price brake for drugs covered by statutory health insurance for five years beyond 2017 stretching out the measure introduced in 2009 a draft law seen by Reuters shows The health ministry estimates savings from the extension will amount to between 15 and 20 billion euros 16..