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Affymax, Inc. Receives $5 Million Milestone Payment from Takeda Pharmaceutical Co. Ltd. (TKDG.DE) on Initiation of Phase 3 Clinical Trials for Hematide in Japan PDF Print E-mail
Friday, 12 March 2010 17:27
Affymax, Inc. (Nasdaq: AFFY - News) today announced that it has received a $5 million development milestone payment from Takeda Pharmaceutical Company as part of the companies’ exclusive global agreement to develop and commercialize Hematide™, Affymax’s investigational drug for the treatment of anemia in chronic renal failure patients.
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Novartis Corporation Takes Option on TRANSGENE Cancer Vaccine; Transgene Gets $10 Million, Milestones Could Reach $950 Million PDF Print E-mail
Friday, 12 March 2010 12:14

Novartis (NOVN.VX) has taken an exclusive option to develop Transgene's (TRNG.PA) cancer vaccine TG4010, but the deal fell short of investors' hopes, pulling the shares in the French biotechnology company down 12 percent.

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Sanofi-Aventis, Merck & Co., Inc. to Create Animal Health Leader; Sanofi to Pay Merck $250 Million Plus $750 Million PDF Print E-mail
Thursday, 11 March 2010 15:51
Merck & Co., Inc. (NYSE: MRK - News): Sanofi-aventis (EURONEXT: SAN) (NYSE: SNY - News) and Merck & Co., Inc. (NYSE: MRK - News) announced today that sanofi-aventis has exercised its option to combine Merial with Intervet/Schering-Plough, Merck’s Animal Health business, to create a global leader in Animal Health.
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MabCure Completes a Private Placement in the Aggregate Amount of $1 million PDF Print E-mail
Wednesday, 10 March 2010 16:16

MabCure, Inc. (OTCBB:MBCI) (“MabCure”), a biotechnology company using its proprietary technology to create highly specific monoclonal antibodies (MAbs) for the early detection of cancer, today announced that it has recently completed a private placement in the aggregate amount of $1 million.

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Orthofix International Sells Vascular Business to Covidien PDF Print E-mail
Wednesday, 10 March 2010 14:11

Orthofix International N.V. (NASDAQ: OFIX) (the Company) announced today it has sold the assets of its vascular business, including its AV-Impulse® mechanical compression technology, to Covidien.

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Aastrom Regains Compliance With NASDAQ Minimum Bid Requirement PDF Print E-mail
Tuesday, 09 March 2010 13:06
Aastrom Biosciences, Inc. (Nasdaq:ASTMD), a leading developer of autologous cellular therapies for the treatment of severe cardiovascular diseases, today reported that the company has regained compliance with the $1.00 minimum bid price requirement for continued listing under NASDAQ Listing Rule 5550(a)(2).
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YM BioSciences to Raise Approximately US $15 Million PDF Print E-mail
Monday, 08 March 2010 16:46

YM BioSciences Inc. , today announced that it is raising approximately US$15 million in a "registered direct" offering of units at a price of US$1.20 per unit. Each unit consists of one common share and one half of one common share purchase warrant.

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Astellas Needs to Raise OSI Bid by 15%, OrbiMed Says PDF Print E-mail
Monday, 08 March 2010 16:40
Astellas Pharma Inc. needs to increase its $3.5 billion hostile takeover bid for OSI Pharmaceuticals Inc. by 15 percent, said OrbiMed Advisors LLC, OSI’s fifth-biggest shareholder.
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Repligen Corporation Announces Acquisition of Chromatography Technology Platform PDF Print E-mail
Saturday, 06 March 2010 13:06

Repligen Corporation announced today that it has acquired the assets of BioFlash Partners, LLC, (BioFlash) including a technology platform for the production of pre-packed, "plug and play" chromatography columns. This patented technology enables economical production of chromatography columns in a format that is ready for use in the production of a broad range of biopharmaceuticals including monoclonal antibodies, vaccines and recombinant proteins.

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NicOx SA and Bausch & Lomb Announce Worldwide Licensing Agreement for NCX 116; Bausch to Pay $10 Million, Milestones Could Total $169.5 Million PDF Print E-mail
Friday, 05 March 2010 15:51
NicOx S.A. (NYSE Euronext Paris: COX) and Bausch + Lomb, a leading eye health company, today announced the companies have entered into a licensing agreement which grants Bausch + Lomb exclusive worldwide rights to develop and commercialize NCX 116 (previously PF-03187207), a nitric oxide-donating prostaglandin F2-alpha analog.
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Neuropharm Group plc to Mull Voluntary Liquidation to Return Cash PDF Print E-mail
Friday, 12 March 2010 16:25
Neuropharm Group plc (AIM: NPH), a speciality pharmaceutical company focused on neurodevelopmental disorders, today provides an update to shareholders on developments in relation to the proposed sale or merger of the Company.
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BT PHARMA Secures USD 17.7 Million in Capital Funding and Changes its Name to Genticel PDF Print E-mail
Thursday, 11 March 2010 17:56
BT Pharma, a biopharmaceutical company developing innovative immunotherapies to prevent cancers caused by the human papillomavirus (HPV), announces today that it has raised EUR 13.1 million in additional funding and changed its name to Genticel.
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Abbott Laboratories to Buy Facet Biotech for $722 Million PDF Print E-mail
Thursday, 11 March 2010 12:43

Abbott (NYSE:ABT - News) and Facet Biotech Corporation (Nasdaq:FACT - News) announced today a definitive agreement for Abbott to acquire Facet, enhancing Abbott's early- and mid-stage pharmaceutical pipeline. Abbott will acquire Facet for $27 per share in cash for a net transaction value of approximately $450 million, which includes a purchase price of approximately $722 million less Facet's projected cash and marketable securities at closing of approximately $272 million.

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Sigma-Aldrich to Provide Knockout Rats for ADME/Tox PDF Print E-mail
Wednesday, 10 March 2010 15:13

Sigma-Aldrich will be offering a suite of knockout rat models designed to facilitate more predictive ADME/Tox studies. The four new models were developed by Sigma Advanced Genetic Engineering Labs (SAGE™) and have single gene deletions to well-established drug transporters Mdr1a, Mrp1, Mrp2, Pxr, and Bcrp.

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Chelsea Therapeutics Completes $18.2 Million Registered Direct Offering PDF Print E-mail
Tuesday, 09 March 2010 14:08
Chelsea Therapeutics International, Ltd. (Nasdaq:CHTP) announced that it completed its previously announced registered direct offering to institutional investors. The final offering of 6.7 million shares of common stock priced at $2.72 per share along with warrants to purchase approximately 2.3 million shares of its common stock was led by Venrock and resulted in gross proceeds of $18.2 million and net proceeds, after deducting the placement agents' fees and offering expenses, of approximately $16.8 million.
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Dow AgroSciences LLC Announces More Than $340 Million, Multi-Year Research and Development Expansion in Indianapolis; More Than 550 Jobs to Be Added PDF Print E-mail
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Tuesday, 09 March 2010 12:01
Dow AgroSciences, a growing and thriving life sciences company, announces plans for a multi-year expansion of its global headquarters in northwest Indianapolis, with investment of more than $340 million and the addition of more than 550 scientific and commercial jobs over the next five years.
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Thermo Fisher Scientific Completes Acquisition of Finnzymes PDF Print E-mail
Monday, 08 March 2010 16:43
Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, has completed its previously announced acquisition of Finnzymes. The business is a well-recognized provider of integrated tools for high-performance polymerase chain reaction (PCR), including reagents, instruments, consumables and kits that make the PCR process faster and more accurate for applications including basic genomic research, genetic testing, forensics and food safety.
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Gamma Pharmaceuticals Announces Multi-Year Distribution Agreement With Approximately $48 Million Annualized Minimum Sales Volume PDF Print E-mail
Saturday, 06 March 2010 16:11
Gamma Pharmaceuticals, Inc. (PINKSHEETS: GMPM): Gamma Pharmaceuticals, Inc. ("Gamma" or the "Company") announced that it has entered into a multi-year agreement (the "Agreement") with one of North America's leading wholesale distribution organizations to distribute the full line of Gamma products.
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Transition Therapeutics Inc. Reaches Licensing Deal with Eli Lilly and Company (LLY) (JOBS); Milestones Could be as Much as $250 Million PDF Print E-mail
Saturday, 06 March 2010 12:57
Transition Therapeutics Inc. (TSX:TTH - News) (Nasdaq:TTHI - News) today announced that it has acquired the rights to a series of preclinical compounds from Eli Lilly and Company in the area of diabetes. Under the licensing and collaboration agreement, Transition will receive exclusive worldwide rights to develop and potentially commercialize a class of compounds that, in preclinical diabetes models showed potential to provide glycemic control and other beneficial effects including weight loss.
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Pfizer Inc. Reportedly to Offer $4.1 Billion for Ratiopharm PDF Print E-mail
Friday, 05 March 2010 14:49

Pfizer Inc (PFE.N) is set to make a near $4 billion offer for German generic drug maker Ratiopharm GmbH this week, competing with bids from Teva Pharmaceutical Industries Ltd (TEVA.TA) and Actavis, several sources familiar with the situation said.

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