20 June 2013
11 June 2013
Ireland-based drugmaker Elan Corp (NYSE: ELN) says that its board of directors, after careful review and consideration and with the assistance of its executive management team as well as outside financial and legal advisors, has rejected the revised bid from privately held investment firm Royalty Pharma to acquire all of the shares of Elan for $13.00 plus up to an additional $2.50 per share in contingent value rights (CVR; The Pharma Letter June 10).
11 June 2013
The effect of an emerging therapy on key efficacy endpoints, including time to disease progression and overall survival, has the most influence over surveyed US and European oncologists' prescribing decisions for platinum-resistant advanced ovarian cancer, according to a new report from health care advisory firm Decision Resources.
10 June 2013
Family-owned Italian drugmaker Zambon has taken a significant step to grow in the respiratory therapy area, with the planned acquisition of UK-based Profile Pharma from present owner the Philips Group. Financial details of this transaction will not be disclosed.
10 June 2013
USA-based Isis Pharmaceuticals (Nasdaq: ISIS) revealed that privately-held Canadian firm Xenon Pharmaceuticals has exercised its option to an exclusive worldwide license to XEN701, an antisense drug discovered in a collaboration between Isis and Xenon.
10 June 2013
Following the news that Alliance Boots and the USA's Walgreen, which initially took a 45% stake in the UK-based retailer and pharmaceutical wholesaler for $6.7 billion, with an option to buy the remainder (The Pharma Letter June 20, 2012), plan to expand into China, Ana Nicholls, healthcare analyst at The Economist Intelligence Unit, commented: "China is the obvious next step for Boots and Walgreen, now that they dominate the US and European markets.
10 June 2013
The European Medicines Agency today (June 10) released a revision of the guideline addressing the clinical and non-clinical issues related to similar biological products (biosimilars) containing biotechnology-derived proteins as the active substance for a six-month public consultation. The document lays down the non-clinical and clinical requirements for marketing authorization of a biosimilar claiming to be similar to a biological product already marketed.
10 June 2013
In Ireland, drugs to treat medical conditions such as high cholesterol, blood pressure and stomach ulcers will be the first to be subjected to new generic substitution regulations in a bid to bring down costs, reports the Irish Independent newspaper.
10 June 2013
Recent news of fostamatinib's latest failure to meet clinical endpoints marks yet another blow to an already weakened rheumatoid arthritis (RA) therapeutics pipeline, and may drive manufacturers to investigate fresh approaches to drug development, says an analyst with research and consulting firm GlobalData.
10 June 2013
French pharma major Sanofi (Euronext: SAN) today (June 10) announced that the US Food and Drug Administration has approved the supplemental Biologics License Application (sBLA) for Fluzone Quadrivalent vaccine or use in children six months of age and older, adolescents, and adults. Fluzone Quadrivalent vaccine includes two A strains and two B strains for protection against influenza disease. The Fluzone Quadrivalent vaccine will be available to health care providers in the USA for the 2013-2014 influenza season in prefilled syringes and single-dose vials for intramuscular administration.
10 June 2013
New Zealand's Pharmaceutical Management Agency, PHARMAC, says it has reached an agreement with the local subsidiary of Anglo-Swedish drug major AstraZeneca (LSE: AZN) to fund the company's antiplatelet agent ticagrelor (Brilinta).