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Celgene to buy Receptos for $7.2 bln; gains promising drug
Wednesday, July 15, 2015Celgene Corp said on Tuesday it would buy Receptos Inc for billion in a move that will give the US biotechnology company a potential multibilliondollar drug in late stage development for inflammatory bowel disease and multiple sclerosis Celgene who...
GSK first drugmaker to tie up with new Crick institute
Tuesday, July 14, 2015GlaxoSmithKline said on Tuesday it had forged a collaboration with the Francis Crick Institute making it the first pharmaceutical company to link up with the new biomedical center based in London Named after the Nobel laureate who codiscovered the m...
AstraZeneca says U.S. FDA approves lung cancer drug
Tuesday, July 14, 2015Astrazeneca Plc Iressa approved by US FDA US food and drug administration has approved iressa gefitinib tablets mg once daily for firstline treatment of patients with metastatic nonsmall cell lung cancer Astrazeneca has partnered with qiagen to pro...
ANI Pharmaceuticals acquires 22 Generic Drug Products from Teva Pharmaceuticals for $25 million
Tuesday, July 14, 2015ANI Pharmaceuticals Inc announced that it has acquired previously marketed generic drug products from Teva Pharmaceuticals for million in cash and a percentage of future gross profits from product sales The acquisition includes solidoral dosage pr...
Suven Life gets patent for chemical molecules to be used in neuro-degenerative drugs
Monday, July 13, 2015Drug firm Suven Life Sciences has been granted patents by China South Africa and Mexico for new chemical molecules that can be used in drugs for treating neurodegenerative diseases Neurodegenerative diseases include Alzheimers Schizophrenia and Park...
Zhejiang Conba Pharma sees H1 net profit up over 50 pct
Monday, July 13, 2015Zhejiang Conba Pharmaceutical Co Ltd Says expects H net profit to rise more than percent yy versus net profit of million yuan million year ago reuterscom
Cell therapy gets a boost as ReNeuron raises $105 million
Saturday, July 11, 2015The drug research field of cell therapy received a boost on Friday when British biotech company ReNeuron raised million pounds million to help fund its work into stroke blindness and cancer ReNeuron which has been toiling away at developing stem c...
U.S. House passes 'C21st Cures' bill to speed new drugs to market
Saturday, July 11, 2015The US House of Representatives on Friday passed a sweeping bill to speed new drugs to the market after lawmakers defeated lastminute amendments that threatened to derail it The House voted to in favor of the st Century Cures Act which would requi...
FDA strengthens warning label for certain anti-inflammatory drugs
Saturday, July 11, 2015The US food and Drug Administration said it was strengthening an existing warning label that nonaspirin nonsteroidal antiinflammatory drugs NSAIDs increase the chance of a heart attack or stroke NSAIDs are used to treat pain and fever from medical c...
Meihua's unit to sell 51 pct stake in pharma firm for 337 mln yuan
Friday, July 10, 2015Meihua Holdings Group Co Ltd Says unit signs agreement to sell percent stake in pharma firm for million yuan million reuterscom