Pharma News

This section covers the managerial aspects in the Pharma industry.

Aldeyra's eye drug found effective in mid-stage study

Monday, February 29, 2016

Aldeyra Therapeutics Inc said its experimental eye drug proved to be more effective than a placebo in treating itching and tearing associated with allergic conjunctivitis in a midstage study Allergic conjunctivitis is a common disease characterized by an inflammation of the membrane that covers th..

West Pharmaceutical Services Invests $19 Million To Expand Kinston, North Carolina, Production Center

Saturday, February 27, 2016

West Pharmaceutical Services Inc a leader in developing and manufacturing packaging and delivery systems that enhance the administration of pharmaceuticals will invest 19 million to expand its operations in Kinston North Carolina West is pleased to expand our Kinston facility in order to continue d..

Gilead's HIV Drug Gets Closer to Getting Europe Approval

Saturday, February 27, 2016

Gilead Sciences Inc39s experimental cocktail to treat HIV received a green light from European regulators on Friday boosting the chances of the drug being formally approved by the European Commission The European Medicines Agency issued a positive opinion on the treatment Descovy a combination of e..

Pfizer Seen Avoiding $35 Billion in Tax Via Allergan Merger

Friday, February 26, 2016

Pfizer Inc will be able to permanently avoid paying 35 billion in US taxes by merging with Allergan Plc according to a report released Thursday by a group that advocates for tax fairness though a tax and accounting consultant called the number a little misleading Four Democratic members of Congres..

Kannalife Eyes Share Float to Fund Cannabis-Based Medicine

Friday, February 26, 2016

Kannalife Sciences Inc is considering an initial public offering this year to fund development of a cannabisbased treatment for a brain disorder that affects 200000 Americans its chief executive said A successful listing in an unforgiving IPO market would be a springboard for the Huntington New Yor..

Verily, Vanderbilt to Test Enrollment in U.S. Precision Medicine Pilot

Friday, February 26, 2016

The National Institutes of Health on Thursday named Verily formerly Google Life Sciences as adviser to Nashville39s Vanderbilt University in a pilot program to launch the Precision Medicine Initiative outlined by President Barack Obama last year The pilot program which aims to enroll 79000 US parti..

SK Group Ratchets Up Move for Pharmaceutical Biz

Friday, February 26, 2016

SK Holdings Co the parent firm of South Korea39s No 3 conglomerate SK Group said Friday it has bought a drug firm to speed up its efforts to tap deeper into the pharmaceutical business and find new sources of profit At the same time SK Biotek plans to sell 40 billion won US322 million worth of stoc..

AstraZeneca's $4 billion Acerta Deal Endorsed by Orphan Drug Status

Thursday, February 25, 2016

AstraZeneca39s bold move to buy 55 percent of privately held biotech firm Acerta Pharma for 4 billion in December has been vindicated at least in part by the award of special orphan status to the key experimental drug involved The drugmaker said on Thursday that the European Medicines Agency had re..

OSE Pharma and Effimune Announce Proposed Merger to Create Significant Immunotherapy Player

Thursday, February 25, 2016

Orphan Synergy Europe Pharma Sa Merger will result in shareholders of OSE Pharma owning ca 71 percent of capital of merged entity and shareholders of Effimune 29 percent OSE pharma and Effimune announce proposed merger to create significant immunotherapy player Source reuterscom ..

GlaxoSmithKline to Create 55 New Jobs at Expanded Irvine Plant

Wednesday, February 24, 2016

Pharmaceutical giant GlaxoSmithKline GSK is to create 55 new jobs expanding its North Lanarkshire penicillin production plant GSK said the 70 million overall expansion of its Irvine plant will boost capacity by 35 per cent Scottish Enterprise has pledged 15 million in grant funding to GSK towards ..

U.S. and EU Regulators Urge Indian Drug Companies to Step Up Standards

Wednesday, February 24, 2016

US and EU drug regulators called upon India39s pharmaceutical sector on Tuesday to step up efforts to improve manufacturing standards and ensure the reliability of data if it is to maintain its dominance in the generic drugs industry India39s 15 billion pharmaceutical industry an increasingly impor..

Ithaca, N.Y. Mayor Proposes Supervised Drug Injection Facility

Wednesday, February 24, 2016

The upstate New York city of Ithaca could be home to the first public facility in the United States that would allow heroin users to inject the drug under medical supervision if Mayor Svante Myrick gets his way The mayor a Democrat already faces a firestorm of opposition even before his planned unv..

Gilead Introduces New Grants Programme to Support HIV Cure

Wednesday, February 24, 2016

Gilead Sciences Inc a biopharmaceutical company announced it will be providing grants for up to three years to academic institutions nonprofit organisations and community groups engaged in HIV cure activities The unrestricted grants will be awarded to organizations with a track record of excellence ..

Unilife and Amgen Enter Strategic Collaboration for Injectable Drug Delivery Systems

Tuesday, February 23, 2016

Unilife Corporation announced a strategic collaboration with Amgen AMGN a leading biotechnology company for injectable drug delivery systems The collaboration which includes licensing investment development and supply agreement components is centered upon the use of Unilife39s portfolio of prefilled..

Sanofi Says U.S. FDA Accepts Diabetes Drug Application

Tuesday, February 23, 2016

French drugmaker Sanofi said the US Food and Drug Administration FDA had accepted its application for the use of insulin and its lixisenatide drug in combination for the treatment of adults with Type 2 diabetes Sanofi expects the FDA to make a decision on the drug in August the company said in a st..

Valeant Says it Will Restate Earnings After Board Review

Tuesday, February 23, 2016

Valeant Pharmaceuticals International Inc said it will restate some of its past earnings after a board committee reviewed the US drugmakers relationship with a mail order pharmacy The restatement deals with results from 2014 and 2015 according to a Valeant statement today The drugmakers board has b..

Shanghai Fosun Pharma Plans Medical Investment Management Firm with Partners

Tuesday, February 23, 2016

Shanghai Fosun Pharmaceutical Group Co Ltd says plans to invest up to 5385 million yuan 8260 million to set up medical investment management firm with partners Source reuterscom ..

Negotiations with Ethiopia, Gabon to Build 2 Pharmaceutical Factories Funded by Private Sector

Monday, February 22, 2016

Egypts Minister of Health and Population Ahmed Emad Eddin will be meeting with the Ethiopian and Gabonese ministers of health scheduled Sunday during his time at Africa Forum 2016 to discuss the establishment of two pharmaceutical factories in both countries in the upcoming period Emad told Daily N..

China Suspends Ali Health-run Online Drug Monitoring Platform

Monday, February 22, 2016

China39s food and drugs regulatory body said it had suspended its electronic drug monitoring system a platform operated by Alibaba Health Information Technology Ltd while it drafts amendments to regulations monitoring pharmaceutical sales The China Food and Drug Administration CFDA said it will seek..

Teva Makes Concessions in EU Review of Bid for Allergan Unit

Saturday, February 20, 2016

Teva Pharmaceutical Industries Ltd made concessions to European Union regulators for its takeover of Allergan Plcs generics unit potentially averting a lengthy probe into the 405 billion tieup The EU extended its deadline to rule on the deal until March 10 after the companies submitted commitments ..