AstraZeneca Plc has announced plans to invest $200 million in a new manufacturing facility in China Medical City, Taizhou, Jiangsu province. The site will produce both intravenous and oral solid medicines for the company’s business in China.
The US Food and Drug Administration has approved Juvisync (sitagliptin and simvastatin) from Merck & Co, the first combination drug for Type 2 diabetes and high cholesterol to be put on the market as a single tablet.
The US Food and Drug Administration has approved the erectile dysfunction drug, Cialis (tadalafil), for benign prostatic hyperplasia (BPH), and for the treatment of both BPH and erectile dysfunction when the conditions occur simultaneously.
A pivotal Phase 3 trial of teriflunomide, a new oral medication for multiple sclerosis, has shown that the drug significantly reduced relapse rates and disability progression, compared with placebo, according to an article in the New England Journal of Medicine.
Vernalis Plc said it set to receive €0.5 million from the privately-owned French pharmaceutical company, Servier, following the achievement of a research milestone in the companies’ oncology drug discovery collaboration.
Basilea Pharmaceutica Ltd of Switzerland has announced that its chief executive and chief financial officer will step down from the board of directors of the company, leaving the board to be composed entirely of non-executive directors.
Luxembourg-based Creabilis SA has raised €15 million in a Series B round led by Abbott Biotech Ventures to develop its lead product for psoriasis and atopic dermatitis, CT327, to the end of Phase 2. CT327 is a topically applied treatment.
A group of investors led by the venture capital group, Inventages, has raised €7 million in a Series B funding round for Phagenesis Ltd, the developer of a medical device for dysphagia, a condition that affects a patient’s ability to swallow.
A team of European researchers has reported on a new epigenetic approach for the treatment of mixed lineage leukaemia (MLL), an aggressive form of cancer which is thought to account for up to eight out of 10 cases of the disease in children.
Takeda Pharmaceutical Company Ltd has completed its €9.6 billion acquisition of privately-owned Nycomed A/S of Switzerland giving it cash flow from Nycomed’s €2.8 billion in annual sales as well as a recently launched product for COPD.