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1831 - 1845 of 2424 results
January 2, 2008
Millennium Pharmaceuticals will receive a $40 million payment from J&J subsidiary Ortho Biotech Products, L.P. for achieving a sales milestone in 2007 for Velcade outside the U.S.
The two companies entered into an agreement in June 2003 fo…
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December 21, 2007
Akorn, Inc. has received a satisfactory inspection from the FDA as part of a pre-approval inspection of the company's lyophilization facilities in Decatur, IL. Akorn had cGMP issues in the past, but the recent inspection led the Chicago office of CDE…
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December 19, 2007
Bilcare recently inaugurated its Centre of Excellence in Pune, India. The site has dedicated R&D sections for Packaging Research, Material Research, Analytical Research, Drug Sensitivity Studies and Package Design. The opening was attended by Dr.…
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December 18, 2007
Pfizer has agreed to acquire CovX, a privately-held biotherapeutics company specializing in preclinical oncology and metabolic research and a developer of a biotherapeutics technology platform. The price was not disclosed.
Based in La Jolla, CA, C…
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December 18, 2007
Celltrion, Inc., a Korean biopharmaceutical company, has received approval from the FDA to serve as a CMO for Bristol-Myers Squibb to produce Orencia, a treatment of rheumatoid arthritis. BMS submitted an sBLA to meet expected long-term demand for th…
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December 17, 2007
Bristol-Myers Squibb has signed an agreement with Avista Capital Partners, a private equity firm, to sell BMS Medical Imaging for $525 million. BMS MI is a leading supplier of medical imaging products for nuclear and ultrasound cardiovascular diagnos…
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December 14, 2007
Patheon announced that it plans to sell its facility in Carolina, PR, while retaining two other sites in Caguas and Manati. The announcement came during the company's 4Q07 financial statement. The quarter ended October 31.
The Carolina site is a 2…
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December 14, 2007
Neurocrine Biosciences announced that it will lay off approximately 130 employees at its San Diego campus, as a part of its restructuring program to prioritize its R&D programs and associated costs and expenses after an FDA delay on insomnia trea…
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December 13, 2007
The board of directors at Biogen Idec have elected to keep the company independent, after a two-month flirtation with selling out to a larger company. The company announced that it did not receive "any definitive offers" for an acquisition.…
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December 13, 2007
Merck has initiated a voluntary recall of 11 lots of its Haemophilus influenzae type B vaccine, PEDVAXHIB, and two lots of its combination Haemophilus influenzae type B/ hepatitis B vaccine, COMVAX . The recall is specific to these 13 lots and does n…
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December 13, 2007
Novartis has announced a restructuring plan called, "Forward," to reduce costs and improve efficiencies. According to a company statement, the plan "is expected to simplify working processes and decision making by eliminating layers, c…
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December 12, 2007
West Pharmaceutical Services will implement a restructuring plan for its Tech Group segment. The restructuring "addresses the recent reduction in business due to changes in customers' marketing plans by reducing the operating costs and increasin…
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December 11, 2007
Shareholders of Gene Logic have approved the sale of the company's genomics assets to Ocimum Biosolutions and the subsequent renaming of the company as Ore Pharmaceuticals. The genomics sale is expected to close later this week and will effectively l…
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December 10, 2007
Eisai Co., Ltd. will acquire MGI Pharma for approximately $3.9 billion in an all-cash transaction. The acquisition has been unanimously approved by MGI's board; it is expected to occur by means of a tender offer followed by a cash merger, is subject…
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December 6, 2007
Bristol-Myers Squibb has publicized the details of its restructuring initiative as it works to become a "next-generation BioPharma company." With the aim of generating $1.5 billion in annual pre-tax savings by 2010 (the year that top-seller…
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