This section covers the managerial aspects in the Healthcare industry.
Switzerland39s biggest drugmakers are clashing over cheaper copies of pricey biotech drugs one reason why Novartis is considering selling its 14 billion stake in crosstown rival Roche With a copycat of Roche39s blood cancer drug Rituxan pending European approval Novartis aims to muscle in on a sha..
South Korea39s Samsung Bioepis said on Monday its biosimilar of Johnson Johnson39s JNJN blockbuster rheumatoid arthritis drug Remicade has received final approval from European regulators paving the way for its second product launch in Europe Samsung Bioepis an unlisted arm of South Korea39s top c..
Kaken Pharmaceutical Co Ltd Says Kaken Pharmaceutical and A Koreabased firm DongA ST Co Ltd concluded an exclusive distribution agreement for the topical formulation for Onychomycosis Clenafin Jublia in Korea Says according to the agreement Kaken hereby grant to DongA the exclusive right for dev..
Sun Pharma India39s largest drug maker has received a grand jury subpoena from the antitrust division of the US Department of Justice seeking documents from the company and its affiliates relating to corporate and employee records generic products and pricing communications with competitors and oth..
North China Pharmaceutical Co Ltd Says it receives goods manufacture practice GMP certificate from Hebei Food and Drug Administration Says certificate issued to company39s amoxicillin tablets production line Source reuterscom ..
The world39s first lifesaving gene therapy for children developed by GlaxoSmithKline and Italian scientists was approved for sale in Europe on Friday in a step forward for the pioneering technology to fix faulty genes Called Strimvelis it is designed for a tiny number of children with ADA Severe Co..
The Dutch government has announced it wants to allow growing human embryos under strict and limited conditions for scientific research thereby giving hope to parents struggling to conceive The Dutch health minister Edith Schippers said she wants to allow the creation of embryos for scientific resea..
The US Food and Drug Administration approved a drugemitting arm implant to treat addiction to heroin and other opioids providing a new tool against a condition that has proved extraordinarily difficult to manage Some addiction experts said the implant could offer a more reliable way to keep addicts..
China will carry out wideranging pricing inspections on drug firms hospitals and procurement bodies from June 1 the country39s top watchdog said on Friday extending a tough costcutting campaign to reduce the price of healthcare The National Development and Reform Commission NDRC said in a statement..
Roche Holding AG said on Friday its drug Gazyva showed superior progressionfree survival compared to MabtheraRituxan in people with previously untreated follicular lymphoma in the pivotal phase III Gallium study that met is primary endpoint early Results from an interim analysis showed that the Gaz..
RPG Life Sciences today announced that it has sold its biotech unit to Intas Pharmaceuticals Limited The company did not disclose deal size It has been our strategy to focus on our core businesses and the sale of the biotech unit to Intas Pharmaceuticals will only help us achieve this goal and crea..
Swiss drugmaker Novartis is ready to sell its near 14 billion stake in rival Roche ROGS without demanding a premium Chief Executive Joe Jimenez said on Wednesday Novartis has been discussing options with banks for selling its Roche shares worth about 1370 billion Swiss francs 1381 billion potential..
One day after recommending approval of a new diabetes drug made by Novo Nordisk AS a US advisory panel on Wednesday recommended approval of a similar product made by Sanofi SA The panel voted 122 with one person not voting that the Food and Drug Administration should approve Sanofi39s combination d..
Drug major Dr Reddy39s Laboratories has forayed into branded consumer health products segment in the US market by acquiring six overthecounter OTC brands from Ducere Pharma for an undisclosed amount The brands acquired include Doan39s Bufferin Nupercainal ointment Cruex nail gel comtrex and myoflex..
The US Food and Drug Administration deferred a highly anticipated decision on whether to approve Sarepta Therapeutics Inc39s musclewasting disorder drug a month after an advisory panel determined that the treatment was not effective Sarepta39s shares were up 176 percent at 2169 on Wednesday on hope..
Puerto Rico39s governor says pharmaceutical supplier Sartorius is investing 50 million to expand its plant in the US territory and convert it to its main logistical hub for the Americas Gov Alejandro Garcia Padilla said Tuesday that the Germanybased company expects to create 350 new jobs in the nex..
Biotest Pharmaceuticals Corporation Boca Raton USA BPC a 100 subsidiary of Biotest AG Germany a leading manufacturer of plasma proteins and biological products is pleased to announce the addition of its newest plasma collection centre located at Brookings South Dakota USA The stateoftheart facility ..
A US advisory panel on Tuesday recommended approval of a new diabetes drug made by Novo Nordisk AS that combines two of its existing treatments in a fixeddose combination designed to be both effective and convenient The panel voted 160 that the Food and Drug Administration should approve the drug i..
GlaxoSmithKline39s new inhaled medicine Breo proved significantly better than standard care in a large British study that tested it in everyday use providing a fillip for the product after the failure of another big trial in 2015 GSK said on Tuesday the study which tested Breo in daytoday practice ..
Arbor Pharmaceuticals LLC and XenoPort Inc announced that they have signed a definitive agreement under which Arbor will acquire XenoPort for 703 per share in cash or a total equity value of approximately 467 million The purchase price per share represents a 60 percent premium to the closing price o..