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Meda sells Euromed in Spain for EUR 82 mln
Wednesday, December 02, 2015Meda AB says divests manufacturing unit Euromed in Spain Says total consideration is EUR million in upfront cash for shares of Euromed Says unit generates sales of around EUR million and an ebitda margin of around percent on an annual basis Say...
Aurobindo Pharma gets US Regulator's Nod for Osteoporosis Drug
Wednesday, December 02, 2015Aurobindo Pharma on Tuesday said it has received final approval from the US Food and Drug Administration FDA to manufacture and market a generic version of risedronate sodium tablets used in the treatment of osteoporosis in the American market The c...
Remedy Pharmaceuticals completes $9 Million Financing
Wednesday, December 02, 2015Remedy Pharmaceuticals a clinical stage pharmaceutical company focused on the development and commercialization of an innovative drug CIRARA announced today that it completed a million financing The round was led by several new investors and include...
Israel's Oramed Pharmaceuticals signed $50 mln China licensing, investment deal with Hefei
Tuesday, December 01, 2015Israeli drug developer Oramed Pharmaceuticals said on Monday it signed a licensing and investment deal worth over million with Chinas Hefei Life Science Technology Park Investments and Development Co Under the deal Hefei partly owned by Sinopharm...
FDA approves new Bristol-Myers treatment for multiple myeloma
Tuesday, December 01, 2015The US Food and Drug Administration said on Monday it had approved a drug to be sold by BristolMyers Squibb Co as a treatment for a form of blood cancer The FDA said it approved the treatment Empliciti to be used in multiple myeloma patients in comb...
Sosei Subsidiary Heptares Therapeutics signs drug discovery deal with Pfizer
Tuesday, December 01, 2015Heptares Therapeutics a clinicalstage GPCR structureguided drug discovery and development unit of Sosei Group Corp SOLTF announced Monday that it has entered into a strategic drug discovery collaboration with Pfizer Inc PFE The deal is to research a...
Roche pulls out of 'superbug' antibiotic project
Monday, November 30, 2015Swiss drugmaker Roche Holding has dropped out of a highprofile project to develop an antibiotic for treating superbug infections the company said on Sunday Roche had agreed in to pay privately held partner Polyphor up to million Swiss francs mill...
Mankind Pharma to invest Rs 200 crore to open 2 plants by mid-2016
Monday, November 30, 2015Drug firm Mankind Pharma will invest Rs crore to open two manufacturing plants in the country by the middle of as part of its expansion plans We plan to invest Rs crore excluding the land cost to open two plants by middle of One of them will be...
Lannett completes acquisition of Kremers Urban Pharmaceuticals for $1.23 Billion
Saturday, November 28, 2015Lannett Company Inc announced that it has completed the acquisition of Kremers Urban Pharmaceuticals Inc KU the US specialty generic pharmaceuticals subsidiary of global biopharmaceuticals company UCB SA Euronext UCB Lannett has acquired KU from UCB...
India's Alkem plans to double U.S. revenue by 2020, launch IPO in Dec
Friday, November 27, 2015Alkem Laboratories Ltd on Wednesday said it expects the contribution of the US sales as a share of overall revenue to double in the next five years just as it has doubled in the last five years International revenue which was just of the overall re...
