Amgen to buy experimental cancer drug maker Biovex in $1bn deal
Amgen, the world’s largest biotechnology company, said it agreed to buy Biovex, a closely-held maker of experimental cancer drugs for $425m plus as much as $575m in milestone payments.
PolyMedix Promotes Bozena Korczak to Senior Vice President, Drug Development and Chief Development Officer
PolyMedix, Inc. , an emerging biotechnology company focused on developing new therapeutic drugs for the treatment of serious infectious diseases and acute cardiovascular disorders, announces the promotion of Bozena Korczak, Ph.D. to Senior Vice President, Drug Development and Chief Development Officer.
Bay Biz Buzz: Xoma to develop diabetes drug with French firm
Berkeley-based Xoma Ltd., an unprofitable 30-year- old biotechnology company, will get an initial payment of $35 million and may earn as much as $800 million more from Les Laboratoires Servier to share development of a medicine for diabetes and other disorders.
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Labcyte® Acoustic Platform Essential to Identification of Novel Cancer Drug Candidates
SUNNYVALE, Calif.–(BUSINESS WIRE)–Labcyte technology helps pharmaceutical companies identify new drug candidates
Phase III Data Published In Lancet Show Novartis Drug Zometa® Improves Overall Survival In Newly Diagnosed Multiple …
A newly published study in the Lancet suggested that a first-line treatment regimen including Zometa® (zoledronic acid) significantly improved overall survival (OS) and progression-free survival (PFS) in newly diagnosed multiple myeloma patients compared with a regimen that included oral clodronate. The impact on survival was independent of the effect of Zometa on bone complications (also known …
Biotech Stocks: Amarin, AMAG rally, but drug indexes fall
Amarin Corp. and AMAG Pharmaceuticals shares are rallying in recent trading as the drug sector’s two key indexes fall.
UBC Innovation Is Advanced By The Centre For Drug Research And Development And Licensed By Global Healthcare Company
The University of British Columbia (UBC) and the Centre for Drug Research and Development (CDRD) recently announced that Covidien, a leading global provider of healthcare products, has licensed an innovative drug-delivery platform technology invented by UBC researcher, Pieter Cullis
Biotech Stocks: Merck, drug indexes drift south
Merck & Co. shares are trading lower early Tuesday following news that it has appointed its president, Kenneth Frazier, to succeed retiring CEO Richard Clark.