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McKesson says 2017 profit to be hurt by weak generic drug pricing
Tuesday, January 12, 2016Drug distributor McKesson Corp MCKN said its fiscal earnings are likely to be hit by weak generic drug pricing and narrowed its profit forecast for McKessons shares fell about percent to The company which distributes drugs to retailers such as...
Astrazeneca says ties up with Moderna to co-develop immuno-oncology mRNA
Tuesday, January 12, 2016Astrazeneca Plc Co and Moderna Therapeutics announce new collaboration to codevelop and cocommercialise immunooncology mRNA Therapeutics Two companies will cocommercialise resulting products in US under a profit sharing arrangement Astrazeneca and...
Nestle signs $120 million deal with Seres for 'healthy gut' drugs
Tuesday, January 12, 2016Nestle is investing in USbased Seres Therapeutics for a third time in a year this time injecting million to develop and commercialize medicines aimed at restoring a healthy bacteriological balance in the human digestive system The deal announced on...
Drugmaker Shire to buy Baxalta for $32 billion after six-month pursuit
Tuesday, January 12, 2016Drugmaker Shire Plc clinched its sixmonth pursuit of Baxalta International Inc BXLTN on Monday with an agreed billion cash and stock offer catapulting it to a leading position in treating rare diseases The Londonlisted group which first approached...
Sanofi teams with Innate Pharma in Deal to develop cancer drugs
Monday, January 11, 2016Sanofi has teamed up with Innate Pharma SA in an effort to develop cancer treatments using the bodys own immune system Under the agreement the drugmakers will develop up to two treatments using antibodies to engage socalled naturalkiller cells to at...
Cure Duchenne Ventures LLC provides funding to Bamboo Therapeutics to help Advance Gene Therapy Treatment for Duchenne Muscular Dystrophy
Monday, January 11, 2016CureDuchenne Ventures LLC a venture philanthropy organization that funds research to find a cure for Duchenne muscular dystrophy announced today that they have invested in Bamboo Therapeutics Inc an earlystage biotechnology company dedicated to devel...
BioMarin CEO, waiting on FDA on Duchenne drug, eyes Europe
Monday, January 11, 2016BioMarin Pharmaceutical is expecting US regulators to take action this month on its drug to treat a fatal musclewasting disease but is also eyeing the European market its chief executive officer said in an interview The company which specializes in...
Pfizer enters into translational research collaboration with Adaptive Biotechnologies to help Advance Novel Immuno-Oncology Solutions
Saturday, January 09, 2016Pfizer Inc and Adaptive Biotechnologies Corporation have entered into a translational research collaboration to leverage next generation sequencing of the adaptive immune system to advance Pfizers growing immunooncology franchise Under the terms of t...
Fresenius Kabi USA acquires U.S. Pharmaceutical Plant and Ready-to-Administer Drugs from BD
Saturday, January 09, 2016Fresenius Kabi USA acquired a Wilson pharmaceutical manufacturing plant and its employees from Becton Dickinson and Company The acquisition is part of a larger deal in which Fresenius Kabi acquired the BD Rx business Fresenius Kabi executives say t...
J&J signs deal with Chinese company for hepatitis B drug
Friday, January 08, 2016Johnson Johnson on Thursday said it licensed rights from a Chinese drugmaker to drugs that spur the immune system to help fight diseases which it hopes will become a key part of a cure for chronic hepatitis B The deal with a unit of Sino Biopharmac...
