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Saturday, 18 May 2013 06:55 |
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Deal gives Irish company a 21 percent stake in future payments associated with four respiratory programs. Elan, which is seeking to fend off Royalty Pharma’s efforts to buy it, said it will pay Theravance $1 billion for a 21 percent stake in the royalty stream from four respiratory programs partnered with GlaxoSmithKline. |
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Saturday, 18 May 2013 06:49 |
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Mice fed a mucus-loving microbe lost weight. Researchers have demonstrated a connection between obesity and a lack of mucus-loving intestinal bacteria, and showed that increasing the population of the bacteria in the gut can reduce obesity. |
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Friday, 10 May 2013 23:40 |
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The Obama administration is seeking to bring transparency to the murky area of hospital pricing. The U.S. Department of Health and Human Services recently released data that shows staggering variation across the country and within communities in what hospitals charge for common inpatient services. We spoke to Ron Pollack, executive director of the consumer health organization Families USA, about the data, what it tells us, and why transparency is critical to addressing the high cost of healthcare.
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Friday, 10 May 2013 23:36 |
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Advances in stem cells and tissue scaffolds bring bioengineered windpipe to the youngest patient ever. For the first time in the United States, the developer of a bioengineered windpipe has implanted a trachea into a patient who was born without one, and who would have eventually died without it. The patient, a two and one-half year old child, is the youngest in the world to receive a bioengineered organ. |
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Friday, 10 May 2013 23:32 |
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The 3.5 percent decline is first drop ever. Patent expirations on top selling drugs led to a 3.5 percent annual decline in total U.S. drug spending in 2012 as patients accessed lower-cost generic versions and real per capita spending on drugs fell to $898. It was the first time that per capita spending on drugs fell, according to a new report. |
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Friday, 10 May 2013 23:28 |
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Quintiles upsizes offering to $947 million. Three life sciences companies completed initial public offerings during the second week of May, as the Dow Jones Industrial Average broke the 15,000 mark and the S&P 500 climbed to new highs. The initial public offerings of Quintiles Translational Holdings, Receptos, and BioAmber bring to 13 the number of life sciences companies that have gone public so far this year. |
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Friday, 10 May 2013 23:22 |
The weekly round-up of failed trials, missed targets, and other business mishaps.
Eli Lilly said a late-stage trial for its experimental lymphoma drug enzastaurinfailed to show a statistically significant increase in the prevention of relapse in patients with diffuse large B-cell-cell lymphoma patients compared to a placebo. There were no new safety findings, and the safety data were consistent with previously disclosed studies, the company said. Lilly said it will stop development of enzastaurin, which is expected to result in a second-quarter charge to R&D expense of approximately $30 million. The company said its oncology pipeline contains more than 20 molecules, including two late-stage molecules in five different tumor types. |
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Sunday, 05 May 2013 01:02 |
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Global agreement ties partners together in march toward late-stage trials. Merck has agreed to pay $60 million to Pfizer for rights to co-develop and commercialize an experimental type 2 diabetes drug for both stand-alone and combination use. |
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Sunday, 05 May 2013 00:59 |
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Academic-industry partnership advances method for increasing body’s insulin production. A newly revealed natural hormone that dramatically increases replication of insulin-producing pancreatic beta cells over the normal rate could have important implications for diabetics. |
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Sunday, 05 May 2013 00:52 |
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Despite weak debut, Xanthopoulos sees big benefits in new law. Regulus Therapeutics’ 2012 IPO appeared to be difficult to get done. The company slashed its offering price to $4 from a target range of $10 to $12 and boosted the number of shares offered to 11.25 million from 4.5 million shares. In the end, insiders purchased more than 70 percent the deal. |
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Saturday, 18 May 2013 06:54 |
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Japanese pharma plans to outsource some functions while bringing others closer to its headquarters. Tokyo’s Astellas Pharma says it will take a $108 million (¥11 billion) loss as it shutters two U.S.-based pharma units and scales back its research operations in the United States. |
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Saturday, 18 May 2013 06:45 |
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The weekly round-up of failed trials, missed targets, and other business mishaps. In the first quarter of 2013, there were 107 drug recalls, an increase of 32 percent from the previous quarter and higher than last year’s overall average.Stericycle, a company that provides recall services for a number of sectors including the pharmaceutical and medical device industries, issued a report summarizing the U.S. Food and Drug Administration’s recalls for the year-to-date. Six recalls of the 107 affected over-the-counter products, the other 101 affected prescription medications. The prescription drug recalls were primarily class 2, but there were 14 serious class I recalls with a high potential for patient harm or death. The record for most recalls in the first quarter, 13 out of the 107, goes to a compounding pharmacy. Of recalls documented in the first quarter, 67 recalls affected customers nationwide, while 31 recalls affected customers in the United States and at least one other country or territory. Device recalls were flat relative to the previous quarter, with 315 medical device recalls in both quarters, according to Stericycle. |
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Friday, 10 May 2013 23:38 |
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The Office of the United States Trade Representative is calling India to account in its latest “Special 301 Report,” an annual review of the state of intellectual property rights protection and enforcement by U.S. trading partners.
Despite what the trade representative called India's “limited progress” on improving its weak intellectual property rights legal framework and enforcement system in 2012, the office is keeping the country on its Priority Watch List, flagging it as a problem trading partner along with nations such as Algeria, China, and Russia. |
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Friday, 10 May 2013 23:34 |
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Move intended to combat sites that peddle counterfeit versions of the drug. Viagra, Pfizer’s little blue pill for erectile dysfunction, has long been sold over the Internet, or at least look-alike pills claiming to be Viagra. In a join-them-to-beat-them strategy, Pfizer is striking back at counterfeiters who sell over the web by launching Viagra.com to give men who prefer to buy the drug online a trusted source. |
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Friday, 10 May 2013 23:30 |
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State-by-state, legislators are considering balance between ease of access and safety. Florida legislators have voted to enact a law allowing prescriptions for biologic medicines to be automatically substituted with lower-cost biosimilars, joining other states in easing future market access for the new therapies. |
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Friday, 10 May 2013 23:25 |
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Company will complete analysis of data, but won’t continue development. Baxter International is quitting development of immunoglobulin, an Alzheimer’s disease drug candidate, after a late-stage trial of the experimental therapy showed that it failed to reduce cognitive decline and preserve functional abilities in patients with mild to moderate forms of the disease. |
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Sunday, 05 May 2013 01:04 |
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Gene therapy is getting new attention, following the approval in Europe of UniQure’s Glybera, the first gene therapy approved in the western world. We spoke to Elemer Piros, managing director and senior equity research analyst for Burrill Securities, which recently held an institutional investor conference about gene therapy. Piros discussed the state of gene therapy, what progress has been made in the area, and why the field is of growing interest for Big Pharma. Burrill Securities, a division of Burrill & Company, publisher of the Burrill Report, has not received any compensation from companies mentioned in this podcast during the past 12 months, nor are any of the companies Burrill Securities clients.
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Sunday, 05 May 2013 01:01 |
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Biotech’s new agreement is third collaboration in less than three years. Ambrx has entered into a new collaboration with Bristol-Myers Squibb to discover and develop antibody drug conjugates, or ADCs, in oncology. In a deal strikingly similar to two others it has made in less than a year, the San Diego-based biotech will use its site-specific conjugation technology to create optimized therapeutic candidates against cancer targets selected by Bristol-Myers. |
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Sunday, 05 May 2013 00:56 |
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Latest in a string of venture funds focused on seed and early-stage biotechs. Atlas Venture closed a $265 million fund, its ninth, which will focus on seed and early-stage investing in life sciences and technology companies. Fortune.com first reported the closing of the fund and Altas Venture partner Bruce Booth expanded upon in it a blog. |
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Sunday, 05 May 2013 00:49 |
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The weekly round-up of failed trials, missed targets, and other business mishaps. A U.S. Food and Drug Administration Oncologic Drugs Advisory Committee panel voted 13 to 1 against recommending approval for Astellas Pharma and Aveo Oncology's experimental drug for the treatment of advanced kidney cancer. Although patients taking tivozanib had statistically significant improvement in progression-free survival compared to those taking sorafenib, a drug marketed by Bayer and Onyx Pharmaceuticals as Nexavar, the improvement was slight and patients taking sorafenib had better overall survival, at 29.3 months versus 28.8 months for those taking tivozanib. |
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