SRI International recently began a tuberculosis preclinical drug evaluation program in partnership with the National Institute of Allergy and Infectious Diseases.
Bayer HealthCare last week announced its acquisition of Direvo Biotech AG in an all-cash deal at a transaction value of E210 million or approximately $300 million.
As a summer of blockbuster Japanese-foreign market pharma deals fades away, Shionogi & Co. ended the active season with a bang in early September when it announced its acquisition of Atlanta-based Sciele Pharma Inc. in an all-cash deal valued at $1.4 billion.
Asterand plc announced last month an exclusive licensing agreement with Allergan Inc. to develop and commercialize a series of Asterand’s proprietary compounds with ophthalmic indications.
Every now and then, I find it is helpful to simply clear my head of random thoughts that are jangling around inside my head that have been suggested by the work I do or simply what I see in my everyday life. As the election rolls around this year, it is apparent of the many things that separate the major candidates, there is very little either Obama or McCain disagree about that will have any kind of profound affect on the pharmaceutical and biotech industry.
It appears that no matter who wins the presidential election this November, both Barack Obama and John McCain back expanded use of generic drugs as a way to lower drug costs. According to their advisers, both campaigns have pledged their support to help create a market for generic biotech drugs or biosimilars.
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