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High takeovers compared with negligible new projects in Indian pharma make centre review FDI policy
Monday, March 30, 2015Unabated takeovers of Indian drug companies and negligible investments in greenfield or new projects have prompted the Centre to relook the foreign direct investment FDI policy in the pharmaceutical sector It is examining if there is a need for impos...
Montreal-based Pharmacy Wholesale Services to construct $12-million pharmaceutical manufacturing plant in Sydney
Monday, March 30, 2015A Cape Breton businessman is looking to negotiate a sales contract with the province in exchange for the construction of a nearly million pharmaceutical plant in Sydney Parker Rudderham said his Montrealbased Pharmacy Wholesale Services Inc has purc...
Horizon Pharma to buy Hyperion Therapeutics for $955.7 million in cash
Monday, March 30, 2015Horizon Pharma PLC has agreed to purchase Hyperion Therapeutics for million in cash in a move to expand its drug portfolio by adding two treatments for a rare metabolic condition The offer of a share is a premium over Hyperions closing price of...
IPO-bound Aduro snags Big Pharma cancer immunotherapy deal
Monday, March 30, 2015Tiny Aduro Biotech Inc hopes to put the STING on cancer with a potential million deal between the Berkeley company and drug giant Novartis AG The deal centers on experimental synthetic small molecules developed by Aduro that could be the latest wea...
Ohr Pharma's eye drug fails mid-stage study, shares plunge
Saturday, March 28, 2015Ohr Pharmaceutical Inc said its experimental eye drug failed the main goal in a midstage study as a combination therapy wiping out twothirds of the companys market value on Friday The study tested the eyedrop solution OHR in combination with Roche H...
Biotech giant Genentech plans to invest $125 million to expand Hillsboro production facility
Friday, March 27, 2015Biotech giant Genentech plans to invest more than million to expand its fillfinish production facility in Hillsboro resulting in up to new skilled manufacturing jobs the company announced The investment in sterile production operations will bring...
Valneva's EB66-based prototype influenza vaccine apporved in Japan
Friday, March 27, 2015Valneva announces approval of an EBbased prototype influenza vaccine in Japan Vaccine was developed by ChemoSero Therapeutic Research Institute Kaketsuken in collaboration with GlaxoSmithKline using Valnevas EB cell line Says this represents a pote...
Amoun Pharmaceutical hires Goldman Sachs after the potential sale valued at $700 million stalled
Thursday, March 26, 2015Shareholders of Amoun Pharmaceutical Co one of the largest drugmakers in Egypt hired Goldman Sachs Group Inc as an adviser after plans to sell the company stalled Amouns owners replaced US investment bank Jefferies Group which was hired in to explo...
Jordan 's Hikma Pharma investors meet for potential dollar bond -leads
Thursday, March 26, 2015Hikma Pharmaceuticals Plc a drugs group founded in Jordan in has picked four banks to arrange a series of fixed income meetings starting Friday for a potential benchmark dollar bond a document from lead arrangers showed The company has picked Citi...
Conatus Pharmaceuticals' Emricasan proves effective in mid-stage liver disease study
Thursday, March 26, 2015Conatus Pharmaceuticals Inc said its experimental lead drug was more effective than a placebo in a midstage study in patients with a form of fatty liver disease The drug emricasan was tested in patients with nonalcoholic fatty liver disease includi...
