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Orchid Pharma unit inks pact with UK entity for $800 mn loan
Wednesday, December 23, 2015Orchid Pharma today said its subsidiary has inked a pact with UKs Line Trust International to avail loan of up to USD million about Rs crore to explore new growth avenues Orchid Europe Ltd UK a whollyowned subsidiary of the company has entered int...
Vertice Pharma completes acquisition of VistaPharm
Wednesday, December 23, 2015Vertice Pharma a specialty pharmaceuticals company focused on improving patients health today announced it closed on the previously announced acquisition of VistaPharm a specialized generics manufacturer of liquid and unit dosage pain medications for...
Glenmark Pharmaceuticals settles patent litigation over anti-depressant drug
Tuesday, December 22, 2015Glenmark Pharmaceuticals today announced a patent litigation settlement with Forest Laboratories and Royalty Pharma Collection Trust over antidepressant drug Savella The company and its US arm Glenmark Pharmaceuticals Inc have entered into a settlem...
Bayer forms gene editing partnership with CRISPR Therapeutics
Tuesday, December 22, 2015Bayer will spend million euros million on research into a promising new gene editing technology as part of a joint venture with biotech firm CRISPR Therapeutics Under the deal the German drugmaker will pay for the joint ventures research over the...
Halozyme enters into global collaboration and licensing agreement with Lilly
Tuesday, December 22, 2015Halozyme Therapeutics Inc announced a global collaboration and license agreement with Eli Lilly and Company NYSE LLY to develop and commercialize products combining proprietary Lilly compounds with Halozymes ENHANZE platform Under the terms of the a...
Furen Pharma to acquire Kaifeng Pharma for 7.85 bln yuan
Tuesday, December 22, 2015Furen Pharmaceutical Group Industry Co Ltd says plans to acquire Kaifeng Pharma for billion yuan billion via cash share issue Says aims to raise up to billion yuan in private placement of shares to fund acquisition projects and replenish capital...
India's Sun Pharma shares slump after FDA warning letter
Monday, December 21, 2015Indias largest drugmaker Sun Pharmaceutical Industries Ltds shares opened down percent on Monday after the US Food and Drug Administration issued the firm a warning letter on its key Halol manufacturing plant in western India The stock has fallen m...
Fuan Pharma to acquire Yantai Justware Pharma for 1.5 bln yuan
Monday, December 21, 2015Fuan Pharmaceutical Group Co Ltd says to acquire Yantai Justaware Pharmaceutical for billion yuan million via cash and share issue Says plans private placement of shares to raise up to million yuan to help fund acquisition
Europe recommends lung cancer drugs from AstraZeneca, Lilly
Saturday, December 19, 2015The European Medicines Agency said on Friday its experts had recommended marketing approval for lung cancer drugs developed by AstraZeneca Plc and Eli Lilly and Co although approval for AstraZenecas drug came with conditions Europes drugs regulator...
GSK to buy HIV drugs from Bristol-Myers Squibb for initial $350 million
Saturday, December 19, 2015Pharmaceutical group GlaxoSmithKline said its majorityowned HIV business would buy drugs at different stages of development from US rival BristolMyers Squibb for an initial million GSK said the acquisitions would provide ViiV Healthcare its HIV uni...
