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Pricing and reimbursement conditions for InterMune's Esbriet in Italy

17 June 2013

US biotech firm InterMune (Nasdaq: ITMN) says that the board of the Italian Drug Agency (AIFA) has approved the pricing and reimbursement conditions for Esbriet (pirfenidone), and that the agreement has been published in the Official Gazette, the official journal of the government.

AstraZeneca unit links with NGM Biopharma on diabetes and obesity research

17 June 2013

Anglo-Swedish drug major AstraZeneca's (LSE: AZN) US biologics R&D subsidiary MedImmune has entered into an exclusive agreement with US venture capital backed NGM Biopharmaceuticals to discover, develop and commercialize novel therapeutics from NGM's enteroendocrine cell (EEC) program for the treatment of type 2 diabetes and obesity.

Immune Design joins forces with academia for novel immunotherapy research

17 June 2013

Privately-held US biotech firm Immune Design, the Cancer Research Institute (CRI) and the Ludwig Institute for Cancer Research have a signed a collaboration agreement to advance cancer immunotherapy research. Specifically, the partnership will focus on clinical trials to test novel combinations of immunotherapies, including two investigational drugs from Immune Design's pipeline. Financial terms of the accord were not disclosed.

Highlights of EHA meeting: Novartis' Jakavi; Bristol-Myers and AbbVie's elotuzumab; Janssen's ibrutinib

16 June 2013

Among presentations over the weekend at the Congress of European Hematology Association (EHA) being held in Stockholm, Sweden, Swiss drug major Novartis (NOVN: VX) announced results from a Phase III three-year follow-up study that showed Jakavi (ruxolitinib) demonstrated improved overall survival and sustained reductions in spleen size compared to conventional therapy. Jakafi, an oral JAK1 and JAK2 inhibitor, is licenses from USA-based Incyte (Nasdaq: INCY) and is cleared for marketing in the USA and Europe under the trade names Jakavi and Jakafi.

Global asthma market to reach 159 million lifetime cases by 2022

16 June 2013

Over 300 million people suffer from asthma, which translates to a drug market worth over $15 billion. While drugs to manage asthma have existed for several decades, pharmaceutical companies have developed faster acting and more effective products over the years, according to a new report added to the offering of companiesandmarkets.

Bristol-Myers and Simcere agree to co-develop/commercialize Orencia SC in China

14 June 2013

US pharma major Bristol-Myers Squibb (NYSE: BMY) and China-based Simcere Pharmaceutical (NYSE: SCR) have expanded their strategic relationship formed in 2010. The companies have agreed to collaborate in China on the co-development and commercialization of the subcutaneous (SC) formulation of B-MS' biologic Orencia (abatacept), for the treatment of rheumatoid arthritis. Orencia SC is already on the market for the treatment of rheumatoid arthritis in the USA, Europe and Japan and generated first-quarter 2013 sales of $320 million.

June meeting highlights from EMA Pharmacovigilance Risk Assessment Committee

14 June 2013

The European Medicines Agency's Pharmacovigilance Risk Assessment Committee (PRAC) has made several recommendations on safety referrals at its June 2013 meeting, including a series of measures to address safety concerns with codeine-containing medicines when used for the management of pain in children.

Canadians have access to fewer new medicines than in most OECD countries

14 June 2013

Compared to 32 other developed countries, Canada's public drug plans perform poorly in providing access to new medicines and vaccines, according to the 2011-2012 International Report on Access to Medicines released by Canada's Research-Based Pharmaceutical Companies (Rx&D).

Royalty bid for Elan could be withdrawn; J&J sells 25.4 million Elan shares

14 June 2013

Ireland-based hostile takeover target Elan (NYSE: ELN) fell 5.2% to 9.29 euros on June 13, the most in four months, after Royalty Pharma said it may be forced to end its $6.7 billion bid to take over the biotechnology company. Elan shareholders may approve a share-repurchasing program at their meeting on June 17, Royalty Pharma said in a statement after reviewing votes cast as of the day earlier.

Boehringer Ingelheim's all-oral interferon-free combination achieved 95% viral cure rates in genotype-1b hepatitis C

14 June 2013

New data from German family-owned drug major Boehringer Ingelheim's interferon-free SOUND-C3, presented during the APASL Liver Week in Singapore, showed strong results for the firm's investigational all-oral interferon-free combination in the treatment of genotype-1b hepatitis patients.

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