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Roche commits to diabetes testing and sees 2017 return to growth
Tuesday, May 10, 2016Roche has no plans to sell its diabetes testing business despite a pummeling in the past three years from US price cuts and the Swiss drugmaker expects the unit to return to sales growth in Roland Diggelmann head of Roche diagnostics said the funda...
Medicines Co to sell cardiovascular drugs to Italy's Chiesi
Tuesday, May 10, 2016The Medicines Co said on Monday it has agreed to sell three of its cardiovascular drugs to Italys Chiesi Farmaceutici SpA for up to million as the US company looks to raise money for drug development Privately held Chiesi will acquire rights to Cle...
Zhejiang Jiuzhou Pharmaceutical Establishes New Unit
Monday, May 09, 2016Zhejiang Jiuzhou Pharmaceutical Co Ltd Says it establishes whollyowned unit in Zhejiang Province which will be engaged in the provision of drugs and medical apparatus and instruments Says the newlyformed company with a registered capital of mln yua...
Gates Foundation Backs Takeda Polio Vaccine with $38 Million Grant
Monday, May 09, 2016Japans Takeda Pharmaceuticals is to get million from the Bill Melinda Gates Foundation to develop a crucial lowcost polio vaccine for use in developing countries As part of a global plan to eradicate the crippling disease of which experts say the...
Teva Pharm Finalizing Asset Sales to Clear Allergan Deal
Saturday, May 07, 2016Teva Pharmaceutical Industries Ltd is finalizing as much as billion in asset sale agreements to win US antitrust clearance for its billion acquisition of Allergan Plcs generic drug portfolio according to a source familiar with the matter The dives...
China Regulator to Launch Probe into Foreign, Local Drug Firms
Saturday, May 07, 2016Chinas price regulator plans to launch a largescale and systematic antitrust investigation soon into foreign and local drug firms state newspaper China Daily said citing a source close to the regulator The planned probe comes after Chinas state plan...
Tsumura to Set Up Pharmaceutical Jv in China
Friday, May 06, 2016Tsumura Co Says it to set up a pharmaceutical jv in China with a Shanghaibased medicinal materials company Says the jv to be capitalized at million yuan and the co will hold percent stake in the jv Source reuterscom
Sanofi Says It Will Try to Oust Medivation Board Members if Deal Talks Don’t Start
Friday, May 06, 2016Sanofi SA on Thursday said it sent a letter to Medivation Inc saying it would try to remove and replace members of the US biotech firms board if it didnt engage in takeover talks The Parisbased drugmaker which has a record of hostile takeovers in th...
Regeneron Secures More Coverage For Cholesterol Drug Praluent
Friday, May 06, 2016Regeneron Pharmaceuticals Inc facing slowing sales of blockbuster eye drug Eylea said it was making substantial progress in securing more insurance coverage for cholesterol drug Praluent its other key product Shares of the company which reported bet...
Valeant Forms Committee to Determine Drug Prices
Friday, May 06, 2016Valeant Pharmaceuticals International Inc which has come under heavy fire from politicians because of dramatic price increases for its drugs said it had formed a committee that will be responsible for those prices going forward Valeant has made mist...
