CARACAS, Venezuela (AP) — Venezuelan officials plan to invalidate some pharmaceutical patents and allow domestic manufacturers to produce licensed medicines, an action that could cause shortages and scare off foreign investment, industry leaders said Sunday.
WuXi PharmaTech Inc., a pharmaceutical, biotechnology, and medical deviceresearch and development outsourcing company with operations in China and theUnited States, has announced that Felix Hsu has been appointed Senior VicePresident of WuXi AppTec U.S. Prior to joining WuXi, Mr.
WASHINGTON (AP) — President Barack Obama will make a formal announcement Monday welcoming the weekend agreement by the pharmaceutical industry to help close a gap in prescription drug coverage under Medicare.
Eurand N.V., a specialty pharmaceutical company that develops enhanced pharmaceutical and
CORVALLIS, Ore. (AP) — AVI BioPharma Inc. says it will receive up to $5.1 million under a contract with the U.S. government to develop swine flu drugs. AVI disclosed May 5 that it entered into the contract with the U.S.
SAN DIEGO (AP) — Biotechnology company Vical Inc. said Monday it received a $1.5 million milestone payment from Merck & Co. for development of a DNA-based cancer vaccine. Merck is conducting early stage clinical tests of the cancer vaccine, which was developed by Vical.
NEW YORK (AP) — Merck and Co. and Schering-Plough Corp., which are in the process of a $41.1 billion tie-up, said Monday the Federal Trade Commission has asked for more information about the deal. Merck of Whitehouse Station, N.J., and Schering-Plough, Kenilworth, N.J.
NEW YORK (AP) — Shares of Hospira Inc. rose Friday after the company said the U.S. District Court for the District of New Jersey ruled a generic injectable chemotherapy drug does not infringe on Sanofi Aventis' patent for Eloxatin.
NEW YORK (AP) — Drug developer Forest Laboratories Inc. said Friday its developing antibiotic ceftaroline met key study goals in treating hospital-acquired pneumonia.
In today’s competitive environment and economic climate, the financial implications of being the first to file a promising new drug compound or chemical entity cannot be underestimated.
Alexion Pharmaceuticals, Inc. has completed the installation of a 295 kW solar photovoltaic (PV) system at the company's Cheshire, Conn., corporate headquarters and research facility.
FRAZER, Pa. (AP) — Cephalon Inc. said Friday its drug candidate lestaurtinib missed its goal in a clinical trial, as the drug did not improve survival for leukemia patients compared with standard chemotherapy.
NEW YORK (AP) — The Medicines Co. said Friday the FDA granted new marketing exclusivity to the company's anti-clotting agent Angiomax, meaning it will not approve generic versions of the drug before September 2010. Medicines Co.
WASHINGTON (AP) — A panel of arthritis experts say a gout drug made by Savient Pharmaceuticals should be approved, despite some reports of heart problems in patients tested with the drug. In heavy aftermarket trading, Savient shares jumped $2.62, or 28.3 percent, to $11.89.
CAMBRIDGE, Mass. (AP) — Biogen Idec Inc. said Tuesday an arbitration panel affirmed its right to participate in strategic decisions in a partnership with Genentech, which includes the cancer drug Rituxan and other drug candidates.