Pharma News

This section covers the managerial aspects in the Pharma industry.

Brazil's BR Pharma to sell $100 mln of new shares

Saturday, January 30, 2016

Brasil Pharma SA Brazil39s fourthlargest drugstore chain said on Friday it will issue 400 million reais 100 million of new shares valued at 378 reais each The decision was taken after the firm failed to attract enough demand from current investors to raise the money BR Pharma said in a securities ..

FDA approves Eisai's drug Halaven for type of soft tissue cancer

Saturday, January 30, 2016

The US Food and Drug Administration approved Eisai Co Ltd39s drug derived from sea sponge for a rare type of soft tissue cancer The drug Halaven was approved for use in patients who have undergone chemotherapy with drugs derived from a type of bacteria the FDA said on Thursday Halaven derived from..

Cipla gets CCI nod to sell 26% in consumer healthcare business

Friday, January 29, 2016

Drug major Cipla has received approval from fair trade regulator CCI to sell about 26 per cent stake in its consumer healthcare business to Mauritiusbased FIL Capital Investments In November last year the company signed an agreement to sell 2611 per cent in Cipla Health to FIL Capital Investments M..

Roche expects cancer treatments to be spared U.S. pricing curbs

Friday, January 29, 2016

The US Congress may intervene on how much companies can charge for some drugs following a move last year by Turing Pharmaceuticals to ratchet up the price of a treatment for deadly parasite infections by 5000 percent Roche39s head of pharmaceuticals said Roche39s Dan O39Day is convinced the oncolog..

CPhI announces New Collaboration with the Africa Pharmaceutical Summit

Friday, January 29, 2016

CPhI the leading events portfolio for the global pharmaceutical community are pleased to announce a new collaboration with the Africa Pharmaceutical Summit APS the leading international summit and exhibition series in Africa CPhI a portfolio of global pharmaceutical events organised by UBM EMEA bri..

WHO says Zika virus spreads explosively, four million cases forecast

Friday, January 29, 2016

The Zika virus linked to severe birth defects in thousands of babies in Brazil is spreading explosively and could infect as many as 4 million people in the Americas the World Health Organization WHO said on Thursday DirectorGeneral Margaret Chan told members of the UN health agency39s executive boa..

Trillium Therapeutics acquires Privately-Held Fluorinov Pharma Inc for $32 Million

Thursday, January 28, 2016

Trillium Therapeutics Inc a clinical immunooncology company developing innovative therapies for the treatment of cancer today announced that it has acquired all of the outstanding shares of Fluorinov Pharma Inc a privatelyheld oncology company Fluorinov has developed a proprietary medicinal chemistr..

Massachusetts official challenges Gilead's hepatitis C drug prices

Thursday, January 28, 2016

Massachusetts39 attorney general is studying whether prices of Gilead Sciences39 blockbuster treatments for hepatitis C violate state law according to a letter the prosecutor sent to the Californiabased drugmaker The letter from the state39s Attorney General Maura Healey to Gilead Chief Executive O..

FDA approves Neos Therapeutics' long-acting ADHD drug

Thursday, January 28, 2016

Neos Therapeutics Inc39s drug to treat a common type of childhood behavioral disorder was approved by the US Food and Drug Administration making it the first of its kind to win US approval The drug Adzenys XRODT is approved for the treatment of Attention Deficit Hyperactivity Disorder ADHD in patie..

Global health body under pressure to stop Zika virus

Thursday, January 28, 2016

The World Health Organization will hold a special session on Thursday on the Zika virus as the UN agency comes under pressure for quick action against the infection linked to thousands of birth defects in Brazil that is spreading through Latin America and the Caribbean WHO DirectorGeneral Margaret ..

Big Pharma's bet on Big Data creates opportunities and risks

Wednesday, January 27, 2016

Novartis wants every puff of its emphysema drug Onbrez to go into the cloud The Swiss drugmaker has teamed up with US technology firm Qualcomm to develop an internetconnected inhaler that can send information about how often it is used to remote computer servers known as the cloud This kind of new..

Amatsigroup acquires Q-Biologicals and strengthens its offering for international pharmaceutical groups

Wednesday, January 27, 2016

Amatsigroup the leading French provider of services for the development of human and veterinary pharmaceutical products today announces the acquisition of QBiologicals a Belgian company that provides a comprehensive range of biologics process development and biomanufacturing services from research t..

Novo Nordisk launches Tresiba in the United States

Wednesday, January 27, 2016

Novo Nordisk launches Tresiba in the United States Longacting Tresiba U200 now available for adults living with diabetes Tresiba insulin degludec injection is a oncedaily longacting basal insulin Tresiba was approved by the US Food and Drug Administration FDA in September 2015 Novo Nordisk is wo..

Biosimilar drugs get boost as UK cost agency backs their use

Wednesday, January 27, 2016

Cheaper biosimilar copies of expensive biotech drugs received a boost in Britain on Tuesday when the country39s health costeffectiveness agency NICE said patients needing such medicines should be started with the least expensive drug Socalled biosimilars are gaining ground in Europe which has been ..

GSK, Astra, J&J link with universities in new drug research fund

Tuesday, January 26, 2016

GlaxoSmithKline AstraZeneca and Johnson Johnson have joined with three leading British universities to create a new 40 million pounds 57 million fund backing early drug research The Apollo Therapeutics Fund which aims to improve the speed and potential of university research being translated into ..

Torrent, Dr Reddy’s, Aurobindo, Cipla, Lupin in race to buy Sagent Pharmaceuticals

Monday, January 25, 2016

At least five Indian drug companies Torrent Pharmaceuticals Dr Reddy39s Laboratories Aurobindo Pharma Cipla and Lupin are in initial discussions to bid for Sagent Pharmaceuticals a Nasdaqlisted specialty injectables maker sources familiar with the talks said The discussions started about a month ..

Iran to triple pharmaceutical export in three years

Monday, January 25, 2016

Iran is going to increase its pharmaceutical export by three times over the next three years said the director of the Food and Drug Administration Rasoul Dinarvand Currently less than 200 million worth of pharmaceutical products is exported per annum while 125 billion of such products is imported I..

Pharma exports to developed nations become easier as government scraps 'No Objection Certificate' rule

Monday, January 25, 2016

The Modi government39s easeofdoing business drive is set to benefit India39s drug manufacturers especially companies such as Sun Pharmaceuticals Wockhardt Ranbaxy Laboratories Dr Reddy39s Laboratories and Cipla which export their products to highly regulated developed countries The government has s..

Shire completes acquisition of Dyax Corp

Saturday, January 23, 2016

Shire plc announced that it has completed its acquisition of Dyax Corp in an allcash transaction valued at approximately 59 billion comprised of 3730 in cash per Dyax share Dyax shareholders may receive additional value through a nontradable contingent value right CVR that will pay 400 in cash per D..

U.S. government suspends enrollment in Cigna Medicare Advantage, drug plans

Saturday, January 23, 2016

The US government has suspended new enrollment in Cigna Corp39s Medicare Advantage health insurance and prescription drug plans saying Cigna had widespread and systemic failures that prevented patients from accessing medical services The government said Cigna did not handle complaints and grievances..

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