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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The European Commission has granted marketing authorization in Europe for Sanofi's Toujeo (insulin glargine [rDNA origin] injection, 300 U/mL), a next-generation basal insulin for the treatment of type 1 and type 2 diabetes mellitus in adults. "The EU marketing authorization for Toujeo represents a significant milestone for Sanofi, expanding our…

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Guangxi Liuzhou Pharmaceutical Co Ltd Says plans to raise up to 1.65 billion yuan ($266.02 million) in private placement of shares. Says shares have resumed trading on April 30.   reuters.com

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To cash in on the growing e-commerce business, Hyderabad-based pharmacy retail chain MedPlus has decided to foray into online sales of medicines across the country. "We launched this service in Hyderabad last month and we are confident of replicating this success in Chennai and Bangalore. We plan to expand the…

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A major pharmaceutical distribution company that has promised to create 164 jobs has closed on a 37-acre parcel of land in Hamptonburgh where it plans to build a massive distribution center. The Orange County IDA confirmed the transaction but continued to refer to the company as Blackhawk Development LLC, the…

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Shares of Alembic Pharmaceuticals and Torrent Pharmaceuticals have rallied by up to 11% in intra-day trade after the US Food and Drug Administration (FDA) approved the first generic versions of Abilify (aripiprazole). Torrent Pharmaceuticals has rallied 11% to Rs 1,323 and Alembic Pharma surged 10% to Rs 498 on the…

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Collegium Pharmaceutical, which is developing an abuse-deterrent oral formulation of oxycodone for pain, announced terms for its IPO on Monday. The Canton, MA-based company plans to raise $75 million by offering 5.8 million shares at a price range of $12 to $14. At the midpoint of the proposed range, Collegium…

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Sun Pharmaceutical Industries, emboldened by its takeover of domestic rival Ranbaxy Laboratories, is willing to spend as much as $7 billion on further acquisitions, bankers familiar with the generic drugmaker's strategy said. The just completed Ranbaxy deal, its biggest to date at $3.2 billion, has given India's biggest drugmaker sufficient…

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Vadodara-based drug firm Alembic Pharmaceuticals on Monday reported a 14.74 per cent increase in net profit at Rs 70.33 crore for the quarter ended March 31, 2015. The company had reported a net profit of Rs 61.29 crore for the corresponding period a year ago. Net sales during the reported…

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A few years after teaming up with Versant Ventures to get Stanford spinout Quanticel Pharmaceuticals off the ground, Celgene ($CELG) is buying the cancer-focused biotech for up to $485 million. Quanticel has a drug-discovery engine that uses single-cell genomic analysis to decode tumors and spotlight their weak points. Based on…

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Has received U.S. FDA approval for silhouette instalift. FDA approval means Sinclair is now free to sell silhouette instalift in U.S. market with immediate effect.   reuters.com