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Aeterna,
Sanofi end prostate drug pact 5:55 AM 12/18/2009 Reuters Aeterna Zentaris will end a development deal with Sanofi-Aventis for cetrorelix treatment for benign prostatic hyperplasia following disappointing late-stage results.
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Vion
Pharmaceuticals Files Bankruptcy After FDA Rejects
Drug 5:32 AM 12/18/2009 Bloomberg Vion Pharmaceuticals Inc filed for bankruptcy after the US FDA refused to approve the drug developer’s application for the Onrigin anti-cancer injection without added efficacy and safety studies.
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Aveo
plans to sell shares in an IPO 2:42 AM 12/18/2009 Boston Globe Aveo Pharmaceuticals Inc plans to sell shares in an initial public offering to raise as much as $86.2 million. The company raised $165 million in venture capital and fees from strategic partners Biogen Idec and OSI Pharmaceuticals.
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Flu
pandemic may change US flu approach forever 5:34 PM 12/17/2009 Reuters While they said years of work were
needed before vaccine production was up to the desired standard,
some experiments such as vaccinating children in schools
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Anadys
hepatitis C drug meets key study goals 1:08 PM 12/17/2009 BusinessWeek Anadys Pharmaceuticals Inc said its experimental hepatitis C drug ANA598 is meeting key goals in a midstage clinical trial in a combination treatment with pegylated interferon and Ribavirin.
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Roche-licensed
diabetes drug meets two study goals 4:32 AM 12/17/2009 Reuters Roche said its weekly diabetes treatment taspoglutide met goals in two late-stage trials. Roche licensed taspoglutide from Ipsen for the GLP-1 treatment market.
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Biotech
bonanza lurks in healthcare reform bills 2:12 AM 12/17/2009 Los Angeles Times The Hatch-Waxman Act's five-year protection for chemical drugs created an annual $60-billion generics market in the US saving American consumers roughly $10 billion a year while ravaging innovators. Twelve year protection for biotech drugs is aimed at ensuring innovation.
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Synitron
inks licensing deal with Sanofi Pasteur 2:37 PM 12/16/2009 Bizjournals.com Biotech company Synitron said it reached a development-and-licensing agreement with Sanofi Pasteur involving a vaccine against Staphylococcus aureus. It could be worth $149 million.
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FDA
Panel Votes Down New Use for OSI Cancer Drug 2:09 PM 12/16/2009 ABC News An FDA advisory panel recommended against expanding approval of OSI Pharmaceuticals lung cancer drug Tarceva to patients who are already responding to chemotherapy.
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Auxilium
penis drug trial yields mixed results 11:05 AM 12/16/2009 Reuters Auxilium Pharmaceuticals Inc's Xiaflex treatment for Peyronie's disease where a hard lump forms within the penis failed to meet three out of four criteria measuring sexual quality. Penile curvature was reduced.
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Achillion
shares rise on promising hepatitis C drug data 7:48 AM 12/16/2009 Reuters Shares of Achillion Pharmaceuticals Inc were up big before the bell after the company reported promising results from an early-stage trial of its hepatitis C drug ACH-1625
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HIV/AIDS:
The incurable epidemic 4:55 AM 12/16/2009 Washington Post A trial of microbicide PRO 20000 to prevent the transmission of HIV to women has failed. This comes on the heels of disappointment over what was believed to be a breakthrough in AIDS vaccine development.
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Senate
rejects plan to import low-cost drugs 6:50 PM 12/15/2009 The Associated Press The Senate rejected a plan to allow Americans to import low-cost prescriptions from abroad. The Obama administration echoed safety concerns raised by the pharmaceutical industry which is supporting the Democrats' health care bill.
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Amgen,
Array BioPharma enter development agreement 2:33 PM 12/15/2009 Forbes Amgen will receive exclusive worldwide rights to Array's small-molecule glucokinase activator program including potential drug compound ARRY-403.
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Transition
Shares Fall After Deaths in Alzheimer's Drug Study 1:23 PM 12/15/2009 Bloomberg Transition Therapeutics Inc and partner Elan Corp said nine people died in a mid-stage clinical trial of ELND005 being developed to treat Alzheimer’s disease.
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