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Foreign Investment Review Board approves Chinese takeover of Vitaco
Monday, October 24, 2016The proposed million takeover of Australian pharmaceutical company Vitaco by Chinese interests has received approval from the Foreign Investment Review Board The green light from the body comes after the Turnbull Governments controversial blocking...
Sumitomo Dainippon Pharma’s U.S. Subsidiary Sunovion Pharmaceuticals Completes Acquisition of Cynapsus Therapeutics Inc.
Monday, October 24, 2016Sumitomo Dainippon Pharma Co Ltd announced today that its whollyowned subsidiary Sunovion Pharmaceuticals Inc Sunovion has completed the acquisition of Cynapsus Therapeutics Inc Sunovion has acquired as of October US Eastern Time all of the outsta...
Cigna ends preauthorization requirement to treat opioid addiction
Saturday, October 22, 2016Health insurer Cigna Corp has discontinued its policy of requiring doctors to seek authorization before treating opioid addicts as part of a fight against an epidemic of opioid abuse New York Attorney General Eric Schneiderman said on Friday The pol...
Roche bets on new cancer drugs to offset patent expiries
Friday, October 21, 2016Roche said on Thursday strong sales of new medicines like cancer immunotherapy drug Tecentriq would help to sustain the companys growth as patents on older drugs start to expire Chief Executive Severin Schwan is betting he can stay ahead of the sale...
Alkermes depression drug succeeds in key trial; shares surge
Friday, October 21, 2016Alkermes Plcs experimental depression drug significantly reduced symptoms in patients suffering from major depressive disorder who were not helped by standard treatments in a pivotal latestage trial the company said on Thursday and its shares surged...
Teva Announces FDA Acceptance of Resubmitted New Drug Application for SD-809
Friday, October 21, 2016Teva Pharmaceutical Industries Ltd NYSE and TASETEVA today announced that the US Food and Drug Administration FDA has accepted the resubmission of the New Drug Application NDA for SD deutetrabenazine for the treatment of chorea associated with Huntin...
China Resources Pharmaceutical Raises $1.8 Billion in Hong Kong IPO
Friday, October 21, 2016China Resources Pharmaceutical Group Ltd has raised billion in one of the biggest Hong Kong initial public offerings of the year The company controlled by a Chinese stateowned conglomerate priced its IPO on Friday at Hong Kong dollars US a share a...
Roche third-quarter sales rise 3 percent, confirms outlook
Thursday, October 20, 2016Roche on Thursday confirmed its fullyear outlook on the strength of robust sales of cancer drugs including Tecentriq the new immunotherapy that the Swiss company is banking on to counter patent expirations of its older medicines Thirdquarter sales...
Merck's antiviral drug meets main goal in late-stage trial
Thursday, October 20, 2016Merck Co Inc said its experimental drug to prevent cytomegalovirus infection in highrisk bone marrow transplant patients met its primary goal in a latestage trial The trial evaluated the efficacy and safety of the drug letermovir for prevention of...
FDA grants accelerated approval to Lilly's soft tissue sarcoma drug
Thursday, October 20, 2016The US Food and Drug Administration on Wednesday granted accelerated approval to Eli Lilly and Cos drug for treating adults with advanced soft tissue sarcoma STS Lillys drug Lartruvo is approved for use with FDAapproved chemotherapy doxorubicin in S...
