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Martin Shkreli, Pharma Executive, Arrested on Fraud Charges
Friday, December 18, 2015Drug executive Martin Shkreli stood defiantly against a swell of outrage this fall over his decision to jack up prices for lifesaving drugs But according to federal prosecutors his financial foundation was crumbling On Thursday agents from the Feder...
Eye drug company Alimera Sciences mulls sale
Friday, December 18, 2015Alimera Sciences Inc an ophthalmic pharmaceutical company is in the early stages of exploring strategic alternatives including a potential sale according to people familiar with the matter The company has reached out to investment banks to seek advi...
Gilead to invest $725 Million in Galapagos After AbbVie Snub
Friday, December 18, 2015Gilead Sciences Inc plans to pay million to acquire a stake in Belgian drugmaker Galapagos NV and buy into an experimental drug that had been spurned by AbbVie Inc less than three months ago Gilead will acquire about percent of Galapagos for mill...
Ligand Pharma to acquire Genetic Engineering Company OMT, Inc., for $178 Million
Friday, December 18, 2015Ligand Pharmaceuticals Incorporated and OMT Inc Open Monoclonal Technology announce the signing of agreements for Ligand to acquire OMT Inc a leader in genetic engineering of animals for the generation of human therapeutic antibodies through its Omni...
U.S. FDA approves Eli Lilly's Basaglar diabetes drug
Thursday, December 17, 2015The US Food and Drug Administration on Wednesday approved Eli Lilly Cos diabetes drug Basaglar a cheaper version of Sanofi AGs topselling drug Lantus The drug an injection known also as insulin glargine is a longacting manmade version of human insu...
Valeant Pharmaceuticals Slashes Revenue, Earnings Guidance
Thursday, December 17, 2015Valeant Pharmaceuticals International Inc said its results would be sharply lower than previously expected largely because of the end of its relationship with a mailorder pharmacy But the company predicted its new distribution deal with Walgreens Boo...
Endo Health to pay $39 million over fluoride labeling claims
Thursday, December 17, 2015A generic drug maker owned by Endo International Plc has reached a million settlement with the US government and states stemming from the unlawful labeling of multivitamins that contained fluoride New York Attorney General Eric Schneiderman announ...
Malin to invest up to €30 Million in Poseida Therapeutics
Thursday, December 17, 2015Malin the Irishbased company set up by a number of former Elan executives to invest in privately held life science assets is to take a per cent stake in Poseida Therapeutics in a deal worth up to million Poseida is a USbased privatelyheld human th...
Mike Lynch-backed data medicine firm raises $15 million
Wednesday, December 16, 2015Sophia Genetics a datadriven medicine company backed by British entrepreneur Mike Lynch has raised million of new funding from investors including Omega Pharma founder Marc Coucke to grow its genetic analysis platform Based in Switzerland the compa...
French drug developer Pharnext to take rare approach to pricing
Wednesday, December 16, 2015A privately held French drug developer is taking a rare approach to pricing its drug intended to treat a rare disease Pharnext SAS whose drug is the only treatment in a latestage trial for treating a rare inherited disorder called CharcotMarieTooth...
