Company News

Lundbeck to develop therapeutic antibodies for CNS

Country
Denmark

In a groundbreaking agreement, H. Lundbeck A/S has entered into a collaboration with Genmab A/S to develop human antibody therapeutics for disorders of the central nervous system. This will be Lundbeck’s first entry into antibody therapeutics.

Abiraterone survival data called significant

Country
United Kingdom

Data from a large Phase 3 trial of a new hormone therapy, abiraterone, for men with prostate cancer has been called significant by a prostate cancer expert at Cancer Research UK. The data showed the drug gave a nearly four-month survival advantage.

Novartis in antibody-drug conjugate deal

Country
Switzerland

Novartis has become the latest pharmaceutical company to invest in antibody-drug conjugates, a technology that is said to hold considerable promise for the treatment of cancer.

German cancer centre and Roche in diagnostics deal

Country
Germany

The German Cancer Research Center (Deutsches Krebsforschungszentrum, DKFZ) and Roche Molecular Systems Inc have entered into a three-year collaboration to find out if they can predict a woman’s risk for developing cervical cancer.

Merck Serono to appeal against cladribine opinion

Country
Switzerland

Merck Serono has announced plans to appeal against the European Medicines Agency’s decision not to recommend approval of its candidate multiple sclerosis drug, Movectro (cladribine). The negative opinion was issue on 23 September 2010.

Roche reports interim results for T-DM1

Country
Switzerland

Roche Holding AG and its US partner, ImmunoGen Inc, said that interim results from a Phase 2 study of their antibody-drug conjugate, trastuzumab-DM1, showed a better response rate in women with metastatic breast cancer, than with a comparator.

Abbott withdraws sibutramine from US market

Country
United States

At the request of the US Food and Drug Administration, Abbott Laboratories Inc has agreed to withdraw its obesity drug, Meridia (sibutramine), from the US market because of clinical trial data indicating an increased cardiovascular risk.

Boehringer Ingelheim drops flibanserin

Country
Germany

Boehringer Ingelheim has decided to discontinue development of flibanserin, its compound for hypoactive sexual desire disorder in pre-menopausal women, following its rejection by the US Food and Drug Administration.

 

Genzyme board rejects Sanofi-Aventis offer

Country
United States

The board of directors of Genzyme Corp has rejected Sanofi-Aventis’s unsolicited bid for the company at $69 per share saying that it undervalues the company and its late-stage pipeline which includes a promising new product for multiple sclerosis.