Pharma & Biotech

First reported 6 hours ago - Updated 58 mins ago - 23 reports

Biotech giant axes up to 2,900 jobs

Biologic drug-maker Amgen is to shed 12 to 15% of its worldwide workforce and close four sites, despite reporting stellar second-quarter results that trounced Wall Street expectations.Amgen, which has more than 500 staff working at its UK sites in Cambridge ... [Published - 58 mins ago]
First reported 15 hours ago - Updated 1 hour ago - 5 reports

Eliquis gets expanded approval in Europe for deep vein thrombosis, pulmonary embolism

US Bristol-Myers Squibb Co (NYSE:BMY) and PfizerInc (NYSE:PFE) said Tuesday that their oral selective Factor Xainhibitor, Eliquis (apixaban), had been cleared by the EuropeanCommission (EC) to treat deep vein thrombosis (DVT) and pulmonaryembolism (PE), ... [Published MedCity News - 1 hour ago]
First reported 13 hours ago - Updated 1 hour ago - 8 reports

Application for First Malaria Vaccine Submitted to EMA

British drug giant GlaxoSmithKline has submitted the world’s first application for approval of a malaria vaccine, a product developed in partnership with the Bill & Melinda Gates Foundation and the PATH Malaria Vaccine Initiative.The drugmaker said that ... [Published FDA News - 1 hour ago]
First reported 21 hours ago - Updated 2 hours ago - 11 reports

Roche wins Euorpean approval for new leukaemia drug

Roche's Gazyvaro (obinutuzumab) has been approved in Europe to treat the blood cancer chronic lymphocytic leukaemia (CLL).The European Commission confirmed an earlier recommendation from regulators that backed the antibody in combination with chlorambucil ... [Published PMLive - 2 hours ago]
First reported Jul 29 2014 - Updated 2 hours ago - 39 reports

Pfizer set to launch a second attempt to buy AstraZeneca

Pfizer is likely to launch a second attempt to buy AstraZeneca despite reporting a poor set of financial figures.Profits at the US drugs giant fell by 25 per cent in the first half of the year, and it was unable to announce any new blockbuster drugs.The ... [Published This Is Money - 4 hours ago]
First reported 15 hours ago - Updated 5 hours ago - 8 reports

Polaris names former Pfizer exec as only female partner among area's top VC firms

Helping reverse a nationwide trend of fewer female venture capitalists in recent years, Polaris Partners has named the only female partner currently at any of the area’s top VC firms... ... [Published Crawford Financial Planning - 5 hours ago]
First reported 13 hours ago - Updated 5 hours ago - 5 reports

FDA cites inspection observations at Impax' manufacturing plant in Taiwan

Impax Laboratories said Tuesday that the FDA raised concerns over the company's manufacturing site in Taiwan as part of an inspection ahead of a decision on whether to approve its Parkinson's disease therapy Rytary (carbidopa/levodopa). "We are already ... [Published FirstWord Pharma - 5 hours ago]
First reported 20 hours ago - Updated 10 hours ago - 7 reports

Merck Serono Kicks Off Study of Merkel Cell Carcinoma Drug

Merck Serono, the biopharmaceutical division of Merck, announced the initiation of an international Phase 2 study designed to assess the efficacy and safety of MSB0010718C, an investigational fully human IgG1 monoclonal antibody that binds to programmed ... [Published Drug Discovery and Development - 10 hours ago]
First reported Jul 28 2014 - Updated 15 hours ago - 12 reports

LDC exits Penn Pharmaceuticals in GBP127million sale to Packaging Coordinators

Mid-market private equity firm LDC has exchanged contracts to sell its stake in pharmaceutical manufacturer Penn Pharmaceuticals in a GBP127million transaction with Packaging Coordinators.LDC took a significant stake in Penn in April 2007, investing GBP33million ... [Published Private Equity Wire - 15 hours ago]
First reported Jul 28 2014 - Updated 21 hours ago - 19 reports

AstraZeneca doubles down on blood tests for cancer with Roche, Qiagen deals

LONDON (Reuters) - AstraZeneca has signed up Roche and Qiagen to develop two separate diagnostic tests, both using simple blood samples, to identify patients who will benefit from its lung cancer drugs.Currently testing patients to see if their tumors ... [Published MedCity News - Jul 29 2014]
First reported Jul 28 2014 - Updated Jul 29 2014 - 36 reports

Reckitt Benckiser to spin off pharmaceutical unit

Operating profits at Reckitt's pharma division fell 20 per cent in the six months to June 30 2014 to £183million, as its heroine treatment Suboxone was hit by copycat versions.The division will be listed on the London Stock Exchange within 12 months, ... [Published - Jul 29 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 19 reports

GlaxoSmithKline plc Lowered to “Underperform” at Mainfirst (GSK)

GlaxoSmithKline plc (NYSE:GSK)A number of other firms have also recently commented on GSK. Analysts at Bank of America downgraded shares of GlaxoSmithKline plc from a "buy" rating to a "neutral" rating in a research note on Monday. Separately, analysts ... [Published American Banking News - Jul 28 2014]


...communities have been very supportive, so it is with great reluctance that we acknowledge the need to exit," said Robert A Bradway, chairman & CEO. "At each site, we are actively engaging in discussions with third-parties about potential future use of the facilities." care providers achieve faster and more accurate test results," said  Brian Blaser , executive vice president, Diagnostics Products, Abbott. "Abbott is focused on providing an integrated diagnostic solution, powered by innovations that can help our customers channel change into growth and ensure exceptional performance."
"We view the restructuring plan and 15% workforce reduction announced as a positive that will help the company improve its cost structure while continuing to invest in the pipeline and key product launches" Citigroup analyst Dr Yaron Werber wrote to investors
...operations and goals for sustainability when it comes to the marketing supply chain," said Gerald Olivier , global account director, InnerWorkings. "We look forward to delivering a consistent, unified brand experience that brings innovation, value and results, while ensuring compliance from a CSR perspective."

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