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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Hikma Pharmaceuticals Plc , a drugs group founded in Jordan in 1978, has picked four banks to arrange a series of fixed income meetings starting Friday for a potential benchmark dollar bond, a document from lead arrangers showed. The company has picked Citigroup, Barclays, HSBC and National Bank of Abu…

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Sun Pharmaceutical today said Ranbaxy will be delisted from the Indian bourses following the completion of their $4-billion merger. "Following the closure of this transaction, Ranbaxy will be delisted from the Indian Stock Exchanges. Ranbaxy shareholders will receive 0.8 share of Sun Pharma for each share of Ranbaxy," Sun Pharma…

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Shanghai Fosun Pharmaceutical Group Co Ltd Says 2014 net profit up 33.5 percent y/y at 2.1 billion yuan ($338.46 million)   reuters.com

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Immunogen Inc. reached a licensing deal with Takeda Pharmaceutical Co. that gives the Japan-based drug maker exclusive rights to use the U.S. biotech firm’s technology to develop cancer therapies for up to two undisclosed targets. Shares of Massachusetts-based Immunogen rose 4.4% to $7.77 in recent premarket trading. Under the deal,…

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Fair trade watchdog CCI has given its approval to the proposed merger of Chennai-based Shasun Pharmaceuticals with drug maker Strides Arcolab. "The proposed combination is not likely to have any appreciable adverse effect on competition in India and therefore, the Commission hereby approves the proposed combination," the Competition Commission of…

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The first female CEO has been appointed in the Korean pharmaceutical industry. Bukwang Pharm recently held a board of directors meeting and appointed Vice President Yu Hee-won as co-President of Bukwang Pharm with President Kim Sang-hoon. The newly-appointed President Yu graduated from the college of pharmacy in Ewha Womans University…

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Game-based modules will offer new interactive approaches using both 2D and 3D interactive environments Pharmaceutical Training International (PTI), supplier of online and public, event-based training courses for the pharmaceutical, biotech and medical device sectors, has launched a range of game-based e-learning courses. PTI’s unique game-based modules offer new interactive approaches…

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Boehringer Ingelheim has reported positive results from a Phase II trial that evaluated the efficacy and safety of the new investigational compound BI 655066 versus ustekinumab in patients with moderate-to-severe plaque psoriasis. The trial showed that nearly double the percentage of patients achieved clear or almost clear skin after 12…

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In a second major bet on Asian R&D, Eli Lilly ($LLY) has signed a $456 million partnership with China's Innovent Biologics to collaborate in oncology, mixing and matching assets with hopes of finding success in each company's home country. Under the deal, Lilly is handing over $56 million up front…

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Micro Labs is voluntarily recalling 54,096 bottles of Simvastatin Tablets, a drug for lowering cholesterol, in the US market for failing to meet specifications. As per the information available on the US Food and Drug Administration website, Micro Labs USA is recalling certain lots of the drug in various strengths--20…