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 New Jersey Supreme Court unanimously ruled plaintiffs' state-law claims against generic drug makers like PLIVA and Barr Pharmaceuticals were not barred by federal law because they were based on defendants' alleged failure to properly update their warning labels.   Source : reuters.com

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DeuteRx LLC, an R&D-focused biotechnology company dedicated to improving racemic small molecule marketed drugs and drug candidates, today announced that the U.S. Food and Drug Administration (FDA) has completed its review of the Company's investigational new drug (IND) application for DRX-065 (the deuterium-stabilized (R)-enantiomer of pioglitazone) and has determined that…

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Bionor Pharma ASA Q2 revenue 68,000 Norwegian crowns ($8,288) versus 15,000 crowns year ago. Q2 operating loss 27.8 million crowns versus loss 21.4 million crowns year ago. Now expects 2016 core cost base of 52 million - 59 million crowns. Previously core cost base of 58 million - 66 million…

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Guizhou Yibai Pharmaceutical Co., Ltd. Says its unit receives goods manufacture practice (GMP) certificate from Food and Drug Administration. Says certificate is issued to reteplase injection production line of the unit and the valid period is until Aug. 9, 2021.   Source : reuters.com

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Shanghai Kaibao Pharmaceutical Co Ltd Says it to inject capital of 20 million yuan in a Shanghai-based biotechnology company. Says it to hold 25 percent stake in the target co after investment.   Source : reuters.com

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Drug firm Lupin has received approval from the Central Drugs Standard Control Organisation (CDSCO) for Acotiamide 100 mg tablets used for treatment of indigestion. It said the company will shortly start promoting the product in India. "Acotiamide is a first-in-class novel drug to be introduced into the Indian pharmaceutical market…

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Thar Pharmaceuticals, which is developing oral therapies for complex regional pain syndrome, filed on Friday with the SEC to raise up to $50 million in an initial public offering. The Pittsburgh, PA-based company was founded in 2006 and plans to list on the Nasdaq under the symbol THAR. SunTrust Robinson…

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Pfizer Inc is in advanced talks to acquire U.S. cancer drug company Medivation Inc (MDVN.O) for close to $14 billion, as it seeks to boost its oncology portfolio, people familiar with the matter said on Sunday. Pfizer has agreed to pay a little more than $80 per share for Medivation,…

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Nantong Jinghua Pharmaceutical Co Ltd Says co's wholly owned Bozhou-based pharmacy unit completes merger of co's Bozhou-based pharmaceutical industry unit on Aug. 18. Says the pharmaceutical industry unit has been dissolved.   Source : reuters.com

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Teva Pharmaceutical Industries Ltd - European Commission has granted marketing authorization for Cinqaero (reslizumab) in 28 countries of European Union in addition to Norway. Cinqaero is expected to become commercially available to patients in Europe, within coming months. EU authorization also covers Liechtenstein and Iceland.   Source : reuters.com