NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, Pharmaceutical Industry portal grants a dynamic and diverse feed of news items.

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NovoCure Ltd said its lead cancer therapy improved survival rate in brain cancer patients in combination with Avastin in a late-stage study, sending its shares up 23 percent in extended trading. NovoCure's therapy, Optune, which was evaluated in combination with Roche Holding AG's cancer drug, reduced the risk of death…

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Ireland-based Horizon Pharma Plc said it has withdrawn its offer to acquire Depomed Inc (DEPO.O) following a court ruling that granted Depomed's motion for preliminary injunctive relief on Horizon's alleged used of confidential information. "While we strongly disagree with the court's ruling, we are withdrawing our offer to acquire Depomed,"…

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Drug firm Strides Arcolab Ltd has changed its name to Strides Shasun Ltd. "The name change to Strides Shasun Ltd is now effective post issue of fresh certificate of Incorporation dated November 18,2015 issued by the Registrar of Companies, Mumbai," the company said in a filing to BSE. The members…

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Tasly Pharmaceutical Group Co Ltd says signs strategic agreement with Guangdong Taiantang Pharmaceutical Co Ltd.   reuters.com

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Dr Reddy's has completed the purchase of worldwide exclusive Intellectual Property Rights (IPR) for Fondaparinux sodium, its generic anti-coagulant drug, from Australian partner Alchemia for $17.5 million (around Rs 115 crore). The company had earlier inked a term sheet for this transaction in September. Alchemia's shareholders approved the sale of…

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Zydus Cadila has received US health regulator's nod to initiate phase II clinical trials of Sarolitazar, its new drug for treating high fat levels in body due to diabetes, obesity, and sedentary habits. "United States Food and Drug Administration (USFDA) has endorsed company's plan to initiate a phase II clinical…

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The U.S. Food and Drug Administration approved the first-ever nasal spray emergency treatment for opioid overdose on Wednesday. The spray, developed by privately held Adapt Pharma Ltd, uses naloxone, a drug used to treat opioid overdose for nearly 45 years but approved only in injectable forms. Data from the Centers…

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Depomed, Inc. announced that it has entered into a definitive agreement to acquire the U.S. and Canadian rights to cebranopadol and its related follow-on compound from Grünenthal GmbH ("Grünenthal"). Cebranopadol is a novel, first-in-class analgesic in development for the treatment of moderate to severe chronic nociceptive and neuropathic pain and…

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Private equity firm Warburg Pincus LLC said on Tuesday it had agreed to invest up to $300 million in Vertice Pharma, a British pharmaceuticals company that will focus on buying drug makers and their products. Vertice Pharma will be a partnership between Warburg Pincus and two pharmaceutical executives, the private…

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Shares of Shasun Pharmaceuticals and Strides Arcolab have touched their respective record highs, up 6% each on the National Stock Exchange (NSE), ahead of scheme of amalgamation of Shasun Pharmaceuticals with Strides Arcolab. Among the individual stocks, Strides Arcolab has surged 6% to Rs 1,398, while Shasun Pharmaceuticals too up…