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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...
Ghana Pharmaceutical companies urged to merge with foreign investors
Monday, August 01, 2016Nana Addo Agyekum the newly installed Unity Chief of New Juaben in the Eastern Region has urged private pharmaceutical companies to forge partnership with foreign investors to expand their businesses Nana Agyekum said establishing a joint partnershi...
Seres drug for treating intestinal infection fails in study
Saturday, July 30, 2016Seres Therapeutics Inc said its experimental drug for preventing a bacterial infection of the large intestine missed the main goal in a midstage study sending its shares down percent in premarket trading In eight weeks the drug SER did not reduce t...
Ligand announces licensing agreement with Nucorion Pharmaceuticals
Saturday, July 30, 2016Ligand announces multiprogram LTP technology licensing agreement with nucorion pharmaceuticals NewlyFormed Nucorion cofounded by Ligand to pursue a pipeline of LTPbased programs for China and other markets Eligible to receive milestone payments as w...
Sun Pharma signs licening pact with spanish firm Almirall for psoriasis drug
Friday, July 29, 2016Indias largest drug maker Sun Pharma has signed a licensing agreement with Spanish firm Almirall for development and commercialization of tildrakizumab its lead investigational compound for moderatetosevere plaque psoriasis Sun Pharma said it will bu...
Bristol-Myers shares hit by decline of Yervoy melanoma drug
Friday, July 29, 2016BristolMyers Squibb Co reported disappointing secondquarter sales of its Yervoy melanoma treatment on Thursday raising concerns about the longterm prospects for one of its most important cancer medicines and sending its shares lower Sales of Yervoy...
