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Teva Plunges After Two U.S. Copaxone Patents Invalidated
Thursday, August 25, 2016Teva Pharmaceutical Industries Ltd fell percent after a US agency invalidated two of the patents protecting Copaxone a multiple sclerosis drug that generates percent of its revenue The company said it will appeal The patents are among three being...
Pfizer Buys Part of AstraZeneca’s Antibiotics Business for $1.5 Billion
Thursday, August 25, 2016Pfizer Inc has agreed to buy part of AstraZeneca PLCs antibiotics business for up to billion plus royalties in a move the US company said would boost the stable of older products it sells some of which have lost patent protection Under the terms of...
Strides Shasun gets USFDA tentative nod for Ranitidine tablets
Wednesday, August 24, 2016Strides Shasun today said it has received an approval from the US health regulator for Ranitidine tablets used for treating intestinal and stomach ulcers and gastroesophageal reflux disease In a BSE filing Strides Shasun said it has received approva...
Anhui Fengyuan Pharmaceutical receives GMP certificate
Wednesday, August 24, 2016Anhui Fengyuan Pharmaceutical Co Ltd Says it received goods manufacture practice GMP certificate from Anhui Food and Drug Administration Certificate issued to large volume injection manufactured by the company and the valid period is until Aug
Valeant Names Zoetis Executive as CFO
Tuesday, August 23, 2016Valeant Pharmaceuticals International Inc largely completed a makeover of its top ranks on Monday by hiring drugindustry veteran Paul Herendeen as its new chief financial officer Now comes the hard part execution Its going to be a cleanup role said...
Senators Scrutinize Mylan Over EpiPen’s U.S. Price Increases
Tuesday, August 23, 2016Two senior US senators are examining Mylan NVs price increases for the popular EpiPen allergy shot with lawmakers saying the drugmakers practices may have limited competition and access to the treatment Senator Charles Grassley an Iowa Republican as...
Eli Lilly, AstraZeneca Get Fast-Track Status for Alzheimer’s Drug
Tuesday, August 23, 2016AstraZeneca PLC said Monday that the Alzheimers drug it is codeveloping with Eli Lilly Co has received fasttrack designation from the US Food and Drug Administration a status designed to speed up the development of promising new medicines The drug...
Cinven to acquire pharmaceutical research firm Bioclinica
Tuesday, August 23, 2016Cinven Ltd said on Monday it agreed to acquire BioClinica Inc from two other buyout firms Water Street Healthcare Partners and JLL Partners in a deal that sources said values the US clinical trials company at around billion including debt Reuters r...
Philippines' Duterte threatens to quit U.N. after drugs war censure
Monday, August 22, 2016Philippine President Rodrigo Duterte railed against the United Nations on Sunday after it called for an end to the wave of killings unleashed by his war on drugs saying he might leave the organization and invite China and others to form a new one Tw...
Pfizer nears deal to acquire Medivation for close to $14 billion
Monday, August 22, 2016Pfizer Inc is in advanced talks to acquire US cancer drug company Medivation Inc MDVNO for close to billion as it seeks to boost its oncology portfolio people familiar with the matter said on Sunday Pfizer has agreed to pay a little more than per...
