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Ruane Cunniff Cuts Valeant Pharmaceuticals Stake Almost in Half
Wednesday, June 08, 2016Ruane Cunniff Goldfarb once the largest shareholder in Valeant Pharmaceuticals International Inc cut its stake in the troubled drug maker almost in half according to a regulatory filing Tuesday The manager of the billion Sequoia Fund said it owned...
FDA panel backs Teva's abuse-resistant opioid painkiller
Wednesday, June 08, 2016A US advisory panel recommended approving Teva Pharmaceutical Industries Ltds longacting opioid painkiller Vantrela ER saying data showed it has some abuseresistant properties The drug is designed for use every hours for the management of pain seve...
J&J, GSK rheumatoid arthritis drug meets goals of large trial
Wednesday, June 08, 2016An experimental drug for rheumatoid arthritis developed by Johnson Johnson and GlaxoSmithKline slowed joint damage and improved symptoms of the disease meeting the main goals of a large late stage trial according to data released on Tuesday In the...
RPT-Study finds targeted cancer drugs may work in range of tumor types
Tuesday, June 07, 2016Early results from a clinical trial of Roche Holding AG cancer drugs released on Saturday suggest some promise in matching treatments based on abnormalities found in a patients tumor rather than the organ in which the cancer was originally detected...
Alexion shares slump as drug misses goal in late-stage trial
Tuesday, June 07, 2016Alexion Pharmaceuticals Inc said its drug Soliris already approved in the United States for the treatment of two rare blood disorders missed its primary goal in a latestage trial Shares were trading down percent at in extended trade The drug is b...
Tracon Pharmaceuticals announces positive results from TRC105 and TRC102 clinical trials
Tuesday, June 07, 2016Tracon Pharmaceuticals Inc Reported positive results from three separate clinical trials evaluating two clinical stage product candidates TRC and TRC Median pfs greater than months with continued durable complete responses observed in angiosarcoma...
Genentech, OSI to pay $67 million over drug claims: U.S. Justice Dept
Tuesday, June 07, 2016Pharmaceutical companies Genentech and OSI Pharmaceuticals LLC will pay million to resolve allegations they made misleading statements about the effectiveness of lung cancer drug Tarceva the US Justice Department said on Monday The claims alleged t...
Fosun leads the race to buy Gland Pharma with $1.27 billion bid
Monday, June 06, 2016Shanghai Fosun Pharmaceutical Group Co part of Chinese billionaire Guo Guangchangs sprawling business empire has emerged the highest bidder for KKRbacked Gland Pharma at a little over a billion dollars as it looks to increase its research and manufac...
Sanofi and Regeneron report positive skin disease trial
Monday, June 06, 2016French drugmaker Sanofi SA and US partner Regeneron Pharmaceuticals Inc said a oneyear latestage study of dupilumab a monoclonal antibody designed for the treatment of skin diseases had met its main goals These are the first longterm Phase data tha...
Beijing Centergate Technologies Holding unit to transfer stake in pharmaceutical co
Saturday, June 04, 2016Beijing Centergate Technologies Holding Co Ltd Says its Beijingbased pharmaceutical development subsidiary to sell percent stake in a pharmaceutical co to a Heilongjiangbased enterprise management service center Says the subsidiary still hold perc...
