News

Santhera and Newron report talks

Country
Switzerland

In separate statements, Santhera Pharmaceuticals of Switzerland and Newron Pharmaceuticals SpA of Italy have announced that discussions are taking place between them, the outcome of which cannot be predicted.

Oxford BioTherapeutics out-licenses preclinical antibody

Country
United Kingdom

In yet another example of the fast pace of cancer research, Sanofi-Aventis has signed an exclusive licensing deal with Oxford BioTherapeutics Ltd to gain access to a preclinical antibody programme that can be used to develop antibody-drug conjugate products.

Amgen acquires oncolytic vaccine company

Country
United States

Amgen Inc has made an agreed bid for privately-owned BioVex Group Inc of the US of which has a therapeutic cancer vaccine in late clinical development against metastatic melanoma and head and neck cancer.

Sanofi extends offer for Genzyme to 15 February

Country
France

Sanofi-Aventis SA is extending its offer for Genzyme Corp until 15 February 2011 at an unchanged price of $69 per share. The all-cash offer was previously scheduled to expire on 21 January. In share trading, Genzyme was quoted at $71.48 on 24 January.

MorphoSys says 2010 result will be below forecast

Country
Germany

MorphoSys AG said its preliminary, unaudited financial results for 2010 show revenue of €87 million, up by 7.4% from a year earlier, and an operating profit of €10 million, down by 12.3%. Both figures are lower than the forecasted amounts.

FDA approves new antidepressant

Country
United States

The US Food and Drug Administration has approved a new drug to treat major depressive disorder in adults. The drug, Viibryd (vilazodone hydrochloride), is a dual-acting modulator of serotonin neurotransmission developed by Clinical Data Inc.

Evotec to collaborate with Takeda on CNS discovery

Country
Germany

Evotec AG has announced plans to collaborate with Takeda Cambridge Ltd, a unit of Japan’s largest pharmaceutical company, to identify small-molecule modulators against GPCR and protease targets involved in neurological and metabolic diseases.