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Alembic Pharmaceutical acquires stake in Adwiya Mami
Thursday, October 30, 2014Alembic Pharmaceutical is making its foray into the Algerian market acquiring stake in Adwiya Mami SARL Algeria for an undisclosed amount Post the deal Adwiya Mami will be renamed as Alembic Mami SPA with the company being jointly run by Adwiya Mam...
Warburg Pincus invests Rs 550 cr in Laurus Labs to acquire stake
Thursday, October 30, 2014An affiliate of private equity PE firm Warburg Pincus has acquired a minority stake in Laurus Labs a Visakhapatnambased developer of active pharmaceutical ingredients APIs for about Rs crore Laurus said in a statement With this Warburg becomes an in...
CTI Biopharma buys worldwide rights to selective oral anti-cancer therapy, Tosedostat
Tuesday, October 28, 2014Committed to acquisition development and commercialization of novel targeted therapies a biopharmaceutical company CTI BioPharma Corp has acquired worldwide rights to tosedostat through coexisting transactions with Vernalis RD Limited Vernalis who is...
Ranbaxy might bear another loss
Monday, October 27, 2014The sixmonth exclusivity rights with Ranbaxy for the generic version of Nexium a successful drug from AstraZeneca might be lost only if it cant get regulatory clearance for the US market by the end of next month Ranbaxy is awaiting clearance from t...
U.S. $5 Million Incentives for Nigerian Pharm Industry
Sunday, October 26, 2014A million loan facility that will help the companies expand pharmaceutical and personal care services in Nigeria shall be provided by International Finance Corporation IFC a member of the World Bank Group which has announced an agreement with Health...
Boston Scientific new Cover Edge Surgical Leads for Precision Spectra SCS system gets US FDA & CE Mark approval
Saturday, October 25, 2014One of the leaders in implantable pain management technology Boston Scientific Corporation has been conferred with US Food and Drug Administration FDA and CE Mark approval for its Cover Edge and Cover Edge X Surgical Leads It is the worlds first co...
GlaxoSmithKline plc steps up Ebola Vaccine Development
Saturday, October 25, 2014Candidature acquired through Okairos a biotechnology company in GSK has ramped up its development of investigational Ebola vaccine In association with the World Health Organization WHO regulators and other partners so as to respond to the outbreak a...
Actavis signs option to acquire Rhythm Subsidiary and its GI Development Product, Relamorelin
Friday, October 24, 2014Actavis plc a leading global specialty pharmaceutical company and Rhythm a biopharmaceutical company today announced that Actavis has been granted an exclusive option to acquire Rhythms wholly owned subsidiary Rhythm Health Inc which is developing re...
Arbor Pharmaceuticals Announces FDA approval of Sotylize
Friday, October 24, 2014Arbor Pharmaceuticals announced today that the US Food and Drug Administration FDA has approved its New Drug Application NDA for Sotylize sotalol hydrochloride oral solution Sotylize is the first and only sotalol oral solution indicated for the treat...
Gujarat gets bigger chunk in Make In India Project
Wednesday, October 22, 2014Back to back inaugurations of various plants in Prime Minister Narendra Modis home state Gujarat is likely to benefit the most from his Make in India programme Besides these inaugurations there are more developments to follow Jhagadia around km s...
