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Novartis pill gets U.S. breakthrough designation in breast cancer
Wednesday, August 03, 2016Novartis AG breast cancer pill LEE has won breakthrough therapy designation from US regulators as a firstline treatment for a form of advanced breast cancer the Swiss drugmaker said on Wednesday The Food and Drug Administration granted the designati...
Pfizer in $486 million settlement of Celebrex, Bextra litigation
Wednesday, August 03, 2016Pfizer Inc on Tuesday said it has reached a million settlement of litigation accusing it of causing big losses for shareholders by concealing safety risks associated with its Celebrex and Bextra painrelieving drugs The accord is subject to negotiat...
Biogen Draws Takeover Interest From Rival Drugmakers
Wednesday, August 03, 2016Biotechnology giant Biogen Inc has drawn takeover interest from drug companies including Merck Co and Allergan PLC raising the possibility of another huge deal in the healthcare industry Merck and Allergan have each sounded out Biogen on the possib...
Teva Completes Acquisition of Actavis Generics
Wednesday, August 03, 2016Teva Pharmaceutical Industries Ltd and Allergan plc announced that Teva has completed its acquisition of Allergans generics business Actavis Generics This strategic acquisition brings together two leading generics businesses with complementary stren...
Advent Buys 50% Stake in Pharmaceutical Contractor InVentiv
Tuesday, August 02, 2016Advent International Corp will buy a percent stake in InVentiv Health Inc that will value the pharmaceutical services firm at billion making Advent a coowner of the business with Thomas H Lee Partners The two private equity firms said in a stateme...
Biogen exercises option to develop muscle drug after trial success
Tuesday, August 02, 2016Biogen Inc said it would exercise an option to develop and commercialize an experimental genetic muscledisorder drug after an interim analysis of latestage data showed patients experienced statistically significant improvement The drug nusinersen wa...
India's Lupin to buy 21 branded drugs from Japan's Shionogi
Tuesday, August 02, 2016Indian drugmaker Lupin Ltd said it had agreed to buy a portfolio of drugs from Japans Shionogi Co Ltd for billion yen million expanding its presence in its thirdlargest market The portfolio will be transferred to Lupin on Dec subject to regulat...
Pfizer Acquires Gene Therapy Firm Bamboo for $150 Million
Tuesday, August 02, 2016Pfizer Inc said Monday that it acquired Bamboo Therapeutics Inc a biotechnology firm developing gene therapies for million and potential milestone payments in a deal to expand the drug giants presence in the experimental field Closely held Bamboo i...
AbbVie revenue jumps 17.8 pct on higher demand for drug Humira
Monday, August 01, 2016AbbVie Incs quarterly net revenue jumped percent driven by demand for its topselling treatment Humira The company which acquired cancer drug developer Stemcentrx said net revenue rose to billion in the second quarter ended June from billion a ye...
Ajanta Pharma gets USFDA nod for generic acid reflux drug
Monday, August 01, 2016Ajanta Pharma has received nod from the US health regulator for generic Omeprazole and sodium bicarbonate powder for oral suspension used for treatment of stomach and esophagus problems such as ulcers and acid reflux The company has received approva...
