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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A strong performance by its older medicines helped Novartis (NOVN.S) beat profit forecasts on Thursday, making up for its struggling eyecare business and the extra costs of a poor start for a new heart failure drug. Although the world's biggest prescription drugmaker's first-quarter core net income fell 13 percent to…

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The U.S. Food and Drug Administration (FDA) has granted GW Pharmaceuticals Plc's experimental cannabis-derived epilepsy drug "orphan" status for a third group of patients affected by a rare form of the disease. GW said on Thursday that its drug, Epidiolex, had been granted the status for the treatment of tuberous…

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Allergan plc, a leading global pharmaceutical company, today announced that it has acquired Topokine Therapeutics, a privately held, clinical-stage biotechnology company focused on developing topical medicines for fat reduction. Under the terms of the agreement, Allergan acquired Topokine Therapeutics for an upfront payment of $85 million and success-based development and…

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ProBioGen, a leading specialist for contract development and manufacturing of complex glycoproteins and Eucodis Bioscience, an expert in enzyme engineering, jointly announced the signature of an exclusive license agreement on C-LiNK (CTAT), an innovative, site-specific ADC conjugation technology. Under the agreement, ProBioGen gains exclusive rights to commercialise Eucodis’ enzymatic C-terminal…

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Mei Pharma announces new clinical data from first-in-human study of ME-401, a next generation oral PI3K delta inhibitor. ME-401 was well tolerated at all dose levels. One subject experienced two treatment-emergent adverse events that were considered drug-related.   Source : reuters.com

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Glenmark Pharmaceuticals said it has received three observations from the US health regulator for its Pithampur, Indore plant. However, the company said it has responded to the observations issued by the US Food and Drug Administration (USFDA). "The Indore plant was inspected by USFDA in February 2016 and we received…

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Alembic Pharmaceuticals Ltd (APL) said it has entered into a joint venture with Orbicular Pharmaceutical Technologies and Dr M S Mohan to develop, manufacture and commercialise dermatology products for global markets. "APL and Orbicular will own 60 per cent and 40 per cent of the equity capital of Aleor when…

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The Hyderabad-based Sri Krishna Pharmaceuticals has been warned by the US health regulator for violations of good manufacturing practices at its facility, including data integrity issues. In a warning letter to the drug firm's Chairman V V Subba Reddy, the US Food and Drug Administration (USFDA) said its investigator "identified…

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Kite Pharma Presents Updated Phase 1 Results From Zuma 1 at american association of cancer research (AACR) annual meeting. Kite Pharma Inc says remain on track to provide interim data from pivotal phase 2 portion of study later this year. C19 registration filing to u.s. Food and drug administration (fda)…

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Johnson & Johnson beat quarterly earnings forecasts on strong prescription drug revenue and a weakening dollar, and it reassured investors that it did not expect its blockbuster Remicade arthritis drug to face U.S. competition this year. The company also said on Tuesday that it remained on track to boost profit…