Pharmaceutical industry
Advanced Polymer Systems, Inc. announced that its partner, Dermik Laboratories, Inc., has initiated Phase III studies of a product containing Microsponge(R)-entrapped 5-fluorouracil (5-FU) for the treatment of actinic keratosis, a common precancerous skin condition. The formulation utilizes Advanced Polymer's proprietary Microsponge technology to deliver 5-FU with
Pharmaceutical industry
The American Stock Exchange announced the introduction of options trading on three new companies: ARM Financial Group, Pharmaceutical Marketing Services, and SEI Investments. This expansion will provide investors with increased diversification and flexibility in their trading strategies. The new options will begin trading on April 1, with initial expiration months
Pharmaceutical industry
Chiroscience Group, a top biotechnology company, is planning to sell its ChiroTech chemistry division in a move that could generate up to £80 million. The sale comes after the company received strong interest from potential buyers just a few weeks after putting ChiroTech on the market. ChiroTech, which made up
Pharmaceutical industry
Tony Blair's senior science adviser has warned the Government to defend the pharmaceutical company Zeneca if it becomes the target of a hostile foreign bid. This comes as Swedish rival Astra has expressed interest in acquiring the company. The adviser, who is the chief executive of a healthcare
Drugs
Hydro Agri North America has chosen DA Consulting Group's SAP R/3 education tool, DA Basic Skills for R/3, for its SAP R/3 system upgrade. The computer-based training (CBT) solution was developed to meet the end-user education needs of Hydro Agri, a Norwegian-based diversified conglomerate that
Drugs
Engelhard Corporation reported audited 1997 fourth-quarter and year-end results, with a special charge of $21.3 million after tax, or 15 cents per share, related to an inventory loss from the previously announced base metal fraud in Japan. The company has not yet recorded any insurance or third-party recovery, but
Drugs
The announcement of a wide-ranging deal between PowderJect Pharmaceuticals and Glaxo Wellcome has sparked a significant increase in the stock market value of PowderJect. The collaboration, which is potentially worth over $300 million, involves the development of a new generation of vaccines based on firing DNA into human cells. PowderJect&
Drugs
A proposed £110 billion merger between two pharmaceutical giants, Glaxo Wellcome and SmithKline Beecham, collapsed due to disagreements between their top executives. The breakdown in talks resulted in a £13.5 billion loss in shareholder value, with shares in both companies plummeting in value. The failed merger had promised annual
Drugs
The planned merger between Glaxo Wellcome and SmithKline Beecham, two leading pharmaceutical firms, has hit a snag due to an irreconcilable difference between the two CEOs, Sir Richard Sykes and Jan Leschly, who cannot agree on who should lead the new entity. This episode highlights the futility of expecting two
Pharmaceutical industry
Menley & James, Inc., a Pennsylvania-based company, released its financial results for the fourth quarter and year ended December 31, 1997. The company reported a net loss of $91,000, or $0.01 per share, on net sales of $4.0 million for the fourth quarter. This compared to a
Pharmaceutical industry
Incyte Pharmaceuticals, Inc., a leading provider of genomic database products, has extended and expanded its collaboration with Pfizer Inc. The agreement, initially announced in 1994, has been extended for an additional three years and now grants Pfizer access to Incyte's full-length gene database, DNA clone set, and continued
Pharmaceutical industry
Simulations Plus, Inc., a provider of pharmaceutical development software, has announced that Parke-Davis, a Division of Warner-Lambert, has signed a Beta test agreement for their new GastroPlus simulation software. GastroPlus predicts the percentage of a drug material taken orally that will be absorbed through the gastro-intestinal tract into the portal
