Cellular Dynamics International (CDI) Inc of Madison, Wisconsin has raised $40.6 million in a Series B private equity round to increase production capacity for its human heart cells derived from induced pluripotent stem cells (IPSCs).
MorphoSys AG has confirmed that it expects to report revenue of between €89 to €93 million in 2010, up from €81 million in 2009, and to report an operating profit of €5 to €9 million, compared with €11.4 million the previous year.
The European Medicines Agency’s main scientific committee has recommended that AstraZeneca’s Seroquel (quetiapine fumarate) be approved as an add-on to ongoing treatment for major depressive episodes in patients with major depressive disorder.
Supply shortages for the two Genzyme Corp enzyme replacement therapies, Cerezyme and Fabrazyme, are expected to continue until at least the end of September 2010 because of a new manufacturing problem, the European Medicines Agency said.
Two US centres of the Fraunhofer-Gesellschaft in Germany, together with Boston University and the biopharmaceutical company iBio, Inc, have launched a factory that uses non-genetically modified green plants to produce vaccines.
Novartis said that Zortress (everolimus) has been cleared by the US Food and Drug Administration to help adult patients with kidney transplants keep the transplanted organ. The drug is already approved as an immunosuppressant and a cancer drug.
After a decade of above-average sales growth, Boehringer Ingelheim GmbH expects revenue will be flat in 2010, as it loses patent protection for some important drugs. In the current year, it plans to invest heavily in R&D which will impact on income.
Elan Corporation Plc reported an operating profit of $36.2 million for the first quarter of 2010 after an operating loss a year earlier, driven by strong sales of its multiple sclerosis drug, Tysabri (natalizumab), and a reduction in expenses.
Silence Therapeutics Plc said that it has reached an agreement with AstraZeneca Plc to extend for one year their collaboration to develop new delivery technologies for RNA interference (RNAi) therapeutics. Financial terms were not disclosed.
New products represented 16% of Novartis’s net sales of $12.1 billion in the first quarter of 2010, according to the Swiss company’s first quarter report released on 20 April 2010.