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Pacific trade talks hinge on pharma protections as deadline nears
Monday, October 05, 2015Talks between a dozen Pacific nations in Atlanta on a freetrade deal extended to a fifth day on Sunday hinged on resolving a dispute over how long a monopoly pharmaceutical companies should be given on new biotech drugs The issue pits the United Sta...
Teva Pharmaceutical to buy Rimsa for about $2.3 Billion
Saturday, October 03, 2015Teva Pharmaceutical Industries Ltd agreed to buy Mexican drugmaker Representaciones e Investigaciones Mdicas SA and some assets for billion furthering the Israeli companys goal of expanding in emerging markets Rimsa which had revenue of million in...
Santhera Pharmaceuticals launches Raxone in its first EU market
Thursday, October 01, 2015Santhera Pharmaceuticals Holding AG launches Raxone in its first EU market Launching Raxone for treatment of Lebers Hereditary Optic Neuropathy LHON in Germany its first and largest EU market reuterscom
Merck plans new product launch across Latin America for 2016
Thursday, October 01, 2015German drug maker Merck KGaA MKGAY said it expects the Latin America region to keep driving growth at its Consumer Health business as demand for consumer goods in the region is constantly rising Uta KemmerichKeil CEO and President of Mercks Consumer...
GSK Pharma completes acquisition of Novartis vaccines business
Thursday, October 01, 2015GlaxoSmithKline Pharmaceuticals has announced completion of its transaction with Novartis India today where GSK India acquires Novartis vaccines business and divests its marketed oncology portfolio to Novartis India This follows a global deal betwee...
Generic drugmakers win order invalidating Novartis MS drug patent
Wednesday, September 30, 2015The US Patent and Trademark Office has invalidated a patent held by drugmaker Novartis AG related to its multiple sclerosis drug Gilenya on grounds of obviousness Michael Levy of Kenyon Kenyon who advised generic drug maker Torrent Pharmaceuticals...
China fines Fosun Pharma unit for violating anti-monopoly law
Wednesday, September 30, 2015Chinas commerce ministry has fined a unit of Shanghai Fosun Pharmaceutical Group yuan for acquiring a stake in a Suzhoubased firm without government approval The Ministry of Commerce said on its website on Tuesday that the fine was due to a deal Fo...
Endo completes $8 billion acquisition of Par Pharmaceutical Holdings
Tuesday, September 29, 2015Endo International completed its previously announced billion acquisition of Par Pharmaceutical Holdings Inc in a deal that positions Endo as one of the five largest generic drug companies based on annual sales in the United States Par of Woodcliff...
Valeant Plummets After Democrats Seek Subpoena on Drug Price Hikes
Tuesday, September 29, 2015Valeant Pharmaceuticals International Inc shares fell the most in four years after Democrats in the US House asked to subpoena the company for documents relating to drug price increases the latest move by politicians seeking to curb price hikes on dr...
Merck's once-weekly diabetes drug approved in Japan
Tuesday, September 29, 2015Merck CO said its Type diabetes drug had been approved in Japan marking the first approval for the onceweekly drug The drug omarigliptin belongs to the same class of drugs as Mercks bestseller Januvia which is to be taken once a day Both drugs are...
