The Austrian vaccine producer, Intercell AG, nearly doubled its loss for the 2010 third quarter, a result that reflected adverse exchange rate movements, a decline in revenue and an increase in spending on late-stage clinical research.
Crucell NV has taken a provision of €22.8 million against its 2010 third-quarter results following the temporary suspension of shipments of two vaccines from a manufacturing facility in Korea that was found to be contaminated.
Schering-Plough Europe has withdrawn its European marketing authorisation application for the proposed asthma treatment, Zenhale (mometasone furoate/formoterol fumarate), the European Medicines Agency announced.
A spin-out from Leicester University in the UK has received institutional and venture capital funding to develop a haemostat, a product that stops bleeding. The project is being supported by the Wellcome Trust.
The Global Alliance for TB Drug Development has launched a clinical trial to test a novel three-drug regime for tuberculosis which, it says, shows promise for treating both drug-sensitive and multidrug-resistant forms of the disease.
Sanofi-Aventis SA has warned the management of Genzyme Corp that its shareholders’ interests could be put in jeopardy if certain defensive measures are put in place to stop Sanofi-Aventis’s bid for the company.
The US Food and Drug Administration has approved Kombiglyze, a new Type 2 diabetes drug that combines saxagliptin and metformin XR in a single tablet, according to the drug’s sponsors, AstraZeneca Plc and Bristol-Myers Squibb Co.
Privately-owned Biocartis SA of Switzerland and bioMerieux of France have entered into a strategic collaboration to co-develop assays for use in a number of healthcare-associated infections, sepsis and oncology.
The US Food and Drug Administration has approved a new indication for Cymbalta (duloxetine hydrochloride) to treat chronic musculoskeletal pain, including discomfort from osteoarthritis and chronic lower back pain.
The German biotech company, 4SC AG, has reported preliminary Phase 2a data for its small molecule drug for inflammatory bowel disease that showed a total response rate of 88.5% in patients who had been dependent on corticosteroids.