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Avalon Ventures and GlaxoSmithKline Launch Two New Companies

September 22, 2014 8:08 am | News | Comments

Silarus Therapeutics and Thyritope Biosciences each will receive up to $10M in Series A financing and R&D support from Avalon Ventures and GSK. Both companies will be located at COI Pharmaceuticals in San Diego, the community of innovation established by Avalon Ventures to provide operational support, a fully equipped R&D facility and an experienced leadership team to its life science portfolio companies.

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Auxilium Pharma Rejects Endo's Takeover Offer

September 22, 2014 8:02 am | News | Comments

Auxilium, based in Chesterbrook, Pennsylvania, had adopted a one-year "poison pill" shareholder rights plan last week. The drugmaker continues to support its plan to combine with Canadian eye drugmaker QLT Inc. in an all-stock deal.    

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Spain: Ebola Test Drug Out of Supply Worldwide

September 22, 2014 8:00 am | News | Comments

Doctors treating a Spanish priest who was repatriated from West Africa on Monday after being diagnosed with the Ebola virus said there were no samples of experimental drug ZMapp available in the world right now, and they were considering alternative treatments.

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Merck KGaA to Buy Sigma Aldrich for $17B

September 22, 2014 7:44 am | by David Mchugh - AP Business Writer - Associated Press | News | Comments

Merck says it has agreed to buy St. Louis-based chemical firm Sigma-Aldrich Corp. for $17 billion. Darmstadt-based Merck KGaA said Monday it is paying $140 per share in cash for all of Sigma-Aldrich's shares — a premium of 37 percent over Friday's closing price of $102.37.

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Could Acid, Ecstasy Help PTSD Patients?

September 19, 2014 8:44 am | Videos | Comments

CNN's Dr. Sanjay Gupta talks with two leading experts on psychoactive drug research.                            

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Experts Plead for Help Treating Advanced Breast Cancer

September 19, 2014 8:37 am | Videos | Comments

Treatment options for advanced breast cancer are desperately needed, according to cancer experts around the world. Also, a new study found that antidepressants may take less time to work than previously thought.       

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Sierra Leone Begins Three-Day Ebola Lockdown

September 19, 2014 8:30 am | by CLARENCE ROY-MACAULAY, Associated Press | News | Comments

Thousands of health workers began knocking on doors across Sierra Leone on Friday in search of hidden Ebola cases as the entire West African nation was locked down in their homes in an unprecedented effort to combat the deadly disease.   

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Judge to Hear Objections to Hopkins Settlement

September 19, 2014 8:25 am | by JULIET LINDERMAN, Associated Press | News | Comments

A Baltimore judge was set to hear objections Friday to a preliminary $190 million dollar settlement between Johns Hopkins Hospital System and more than 8,000 patients of a gynecologist who used tiny cameras to secretly photograph women and girls during examinations.

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PCI Acquires Biotec Services

September 19, 2014 8:21 am | News | Comments

The addition significantly expands PCI's presence in the UK/EU to support global investigational studies of medicinal products by adding packaging, storage and distribution capacity, as well as consultative services for clinical trial supplies. 

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Soligenix Awarded $24.7M NIAID Contract to Develop Heat Stable RiVax Vaccine

September 19, 2014 8:11 am | News | Comments

The objectives of the contract are to advance the development of Soligenix's thermostabilization technology, ThermoVax, combined with the company's ricin toxin vaccine, Rivax, as a medical countermeasure (MCM) to prevent the effects of ricin exposure.

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China Fines GSK $492M for Bribery

September 19, 2014 5:47 am | by Joe Mcdonald - AP Business Writer - Associated Press | News | Comments

A former executive of drugmaker GlaxoSmithKline and four Chinese co-defendants have been sentenced to prison in a bribery case but may never have to serve that time. China's official Xinhua News Agency said Briton Mark Reilly and his Chinese co-defendants were given a three-year reprieve at their sentencing Friday.

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FDA Approves Eli Lilly's Injectable Diabetes Drug

September 18, 2014 4:46 pm | by The Associated Press | News | Comments

The Food and Drug Administration has approved a new injectable diabetes drug from Eli Lilly and Co. for adults with the most common form of the disease. The agency on Thursday cleared the drug, Trulicity, as a weekly injection to improve blood sugar control in patients with type 2 diabetes.

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CDC Tells Healthy Adults Not to Forget Flu Vaccine

September 18, 2014 3:19 pm | by LAURAN NEERGAARD, AP Medical Writer | News | Comments

Think the flu's only a big threat to kids and seniors? Influenza hospitalized a surprisingly high number of young and middle-aged adults last winter — and this time around the government wants more of them vaccinated.      

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Merck KGaA Strengthens Executive Board

September 18, 2014 2:20 pm | News | Comments

Merck KGaA today announced that the Board of Partners has promoted Stefan Oschmann to the position of Deputy CEO and Vice Chairman of the Executive Board. Concurrently, Belén Garijo was appointed to the Executive Board to take over leadership for the Pharma business.

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Elanco Animal Health, Dow AgroSciences Announce Strategic R&D Agreement

September 18, 2014 9:09 am | News | Comments

Elanco, the animal health division of Eli Lilly and Company, and Dow AgroSciences LLC, a wholly owned subsidiary of The Dow Chemical Company, are announcing a strategic R&D agreement that will focus on developing integrated solutions to enable livestock producers to increase meat and milk production to meet the demands of the growing global population.

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