Merck KGaA of Germany has made an agreed bid for the US service provider, Millipore Corp, in a transaction valued at $7.2 billion, including net debt. The merged company is expected to have critical mass in bioresearch and bioprocessing.
The European Medicines Agency (EMA) is looking at ways it can work more closely with government bodies in Europe whose responsibility it is to decide whether or not to subsidize a new medicine based on its relative effectiveness.
The US Food and Drug Administration has approved Shire Plc’s treatment for Gaucher disease, Vpriv (velaglucerase alfa), under a special procedure where the review was completed in six months rather than the usual 10.
Ablynx NV expects that its heavy-chain-only antibody technology will show clinical progress in 2010 from its own and partnered programmes. It also expects to report progress on new delivery technologies.
The clot-dissolving investigational drug, desmoteplase, still has potential for treating patients with acute ischaemic stroke up to nine hours after the onset of symptoms, the drug’s developer, H. Lundbeck A/S, told an international conference.
After reviewing 50 possible acquisitions, and carrying out detailed negotiations with three, MorphoSys AG has concluded that there are no takeover opportunities that would significantly enhance its own antibody portfolio.
Basilea Pharmaceutica Ltd has partnered its Phase 3 antifungal agent, isavuconazole, with Astellas Pharma Inc of Japan, making it eligible for an upfront payment of CHF75 million (€51 million).
Three large pharmaceutical companies have set up a new not-for-profit company to conduct research into the most commonly-diagnosed cancers in Asia. The initial focus of the research will be on lung and gastric cancers.
The US Food and Drug Administration has accelerated its review of a new product for Fabry disease produced by Shire Plc as supply shortages of the only currently marketed treatment for the disease continue.
Following the failure of its lead compound for migraine, Addex Pharmaceuticals Ltd is refocusing its clinical development and partnering efforts on a candidate treatment for patients with Parkinson’s disease.