Drugs
Mylan Laboratories, the nation's second-largest generic drug manufacturer, has been charged by the Federal Trade Commission with restraint of trade, monopolization, and conspiracy to monopolize the markets for two widely prescribed anti-anxiety drugs, lorazepam and clorazepate. The FTC alleges that Mylan's illegal conduct resulted in price
Drugs
Rhone-Poulenc Rorer, a subsidiary of Rhone-Poulenc S.A., and Axys Pharmaceuticals, Inc. have entered into a collaborative research and development agreement to discover and develop small molecule therapeutics that inhibit cathepsin S, a human cysteine protease associated with inflammatory diseases. The two-year collaboration aims to address diseases such as arthritis,
Drugs
Procter & Gamble Pharmaceuticals and Hoechst Marion Roussel have simultaneously submitted applications in the United States and Europe for the regulatory approval of risedronate (Actonel) for the prevention and treatment of osteoporosis. The companies are seeking approval for Actonel in both the US and Europe for post-menopausal osteoporosis and corticosteroid-induced
Drugs
AstraZeneca, the combined entity resulting from the merger of Britain's Zeneca and Sweden's Astra, is set to become the world's third-largest pharmaceutical company. The new group will have to make significant payments to American pharmaceutical giant Merck, amounting to $1.7 billion, for rights
Drugs
The merger between British drug giant Zeneca and Swedish rival Astra has been confirmed, resulting in a massive $41 billion deal that threatens up to 1000 jobs in Britain and 5000 more worldwide. The new company, AstraZeneca, will be the third largest pharmaceuticals group worldwide, with a strong presence in
Drugs
Molecumetics Ltd., a subsidiary of Tredegar Industries, and Choongwae Pharma Corporation have partnered to develop oral tryptase inhibitors, a class of compounds that may be used to treat asthma, inflammatory bowel disease, and psoriasis. The two-year license and supply agreement will see Choongwae synthesize and deliver key chemical intermediates to
Drugs
In a significant move to boost agricultural research and development, Novartis Agricultural Discovery Institute (NADI) has partnered with the University of California at Berkeley, while DuPont Agricultural Products and Lynx Therapeutics, Inc. have formed a collaborative agreement to improve crop varieties. The partnerships aim to leverage cutting-edge technologies and expertise
Drugs
Xyris Corporation, the agricultural biotechnology affiliate of Axys Pharmaceuticals, has announced the appointment of Leo Kim, Ph.D., as its new chief technical officer. Dr. Kim joins Xyris after serving as executive vice president and chief technical officer at Mycogen Corporation, where he was instrumental in building the company into
Drugs
Barr Laboratories, a leading manufacturer of generic and proprietary pharmaceuticals, has announced a major victory in the Minnesota Drug Formulary Committee's unanimous reaffirmation of its decision to permit mandatory substitution of Barr's Warfarin Sodium for Minnesota Medicaid patients. This decision rejects a second attempt by DuPont
Drugs
CYTOGEN Corporation, along with marketing partner Berlex Laboratories, Inc., has finalized a five-year supply agreement with The DuPont Pharmaceuticals Company for the production and distribution of Quadramet(R), a radioisotope-based treatment for pain associated with cancer that has spread to the bone. This agreement marks a significant milestone for CYTOGEN,
Drugs
Monsanto Co., a multinational agrochemical and agricultural biotechnology corporation, saw a 5.2 percent surge in its shares to $40.56 on Monday, following a report by Forbes magazine. The magazine stated that American Home Products Corp. is considering a hostile takeover of Monsanto, which would give American Home full
Drugs
Ben Lilly, who was sentenced to death two years ago for the murder of a Virginia Tech student, received a rare reprieve when the U.S. Supreme Court announced it will review his case. The news overjoyed Lilly's defense team, but dismayed the slain student's mother.
