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Yabao Pharmaceuticals and Salus Pharma Announce Strategic Partnership for Generic Drugs
Thursday, April 21, 2016Yabao Pharmaceutical Co Inc and Salus Pharma LLC announced a strategic partnership to codevelop manufacture and commercialize high technological barrier generic drugs worldwide Under the terms of the agreement Yabao will exclusively own rights to co...
Novartis Earnings Fall on Slide in Cancer-Drug Sales
Thursday, April 21, 2016Novartis AG said earnings fell in the first quarter of the year as the company plowed investment into new drug launches to offset a sharp dip in sales of the companys blockbuster cancer medicine Gleevec after a cheaper version of the drug launched in...
AbbVie Gets Option on Early Argenx Cancer Drug for $40 Million
Thursday, April 21, 2016AbbVie has acquired an option on an earlystage immunooncology drug from biotech company Argenx giving the US drugmaker access to a treatment with the potential to block a biological pathway that allows cancers to grow DutchBelgian Argenx will receiv...
U.N. reviews war on drugs amid global push for liberalization
Wednesday, April 20, 2016The UN General Assembly gathered on Tuesday to rethink global strategy in the war on narcotics for the first time in two decades as activists UN officials and world leaders cited an international trend towards more liberal drug laws Despite broad ag...
Roche Sales Set Hard Challenge for Drug Industry Rivals
Wednesday, April 20, 2016Roche sales in the first three months of the year beat analyst forecasts setting a pace that Swiss local rival Novartis NOVNS and others in the drug industry could struggle to match Sales at the worlds biggest maker of cancer drugs rose percent to...
Nestle Extends Pharma Push with New bet on Gut Drugs
Wednesday, April 20, 2016Nestle has extended its push into medicine with a small investment in a biotech company developing a drug designed to fight inflammatory bowel disease by restoring a healthy bacteria balance in the gut Enterome Bioscience based in Paris and Boston s...
Roche sues Intas Pharma Over Mircera Anaemia Drug Patent
Tuesday, April 19, 2016Swiss biotechnology giant Roche has sued Ahmedabadbased drug maker Intas Pharmaceuticals in Delhi High Court alleging infringement of its patent rights over Mircera an injectable brand used to treat patients with anaemia in chronic kidneyrelated ailm...
Nicox submits new drug application for AC-170 to U.S. FDA
Tuesday, April 19, 2016Nicox SA Submits new drug application for AC to US FDA Approval of the AC NDA prior to st December will trigger a milestone payment of million in Nicox shares to exAciex shareholders or million in Nicox shares if approval of the NDA is received a...
Boehringer's Operating Profit up 6 Percent on Diabetes Drugs
Tuesday, April 19, 2016Boehringer Ingelheim Germanys secondlargest drugmaker posted percent higher sales and a percent gain in operating profit for boosted by its diabetes treatment business where it collaborates with Eli Lilly Excluding Boehringers US generics busines...
Sanofi to Invest €300 Million to Expand Belgium Manufacturing Site
Tuesday, April 19, 2016French drug maker Sanofi SA said Tuesday it planned to invest million million to expand its manufacturing site for biological drugs in Belgium The Parisbased company said it will add more than square meters of manufacturing floor space to increas...
