A U.S. appeals court on Wednesday dealt a major blow to Merck & Co Inc as it upheld a ruling that threw out a $2.54 billion jury verdict the drugmaker had won against Gilead Sciences Inc. The U.S. Court of Appeals...
Cipla acquires anti-infective drug Elores from Venus Remedies
Mumbai based Cipla Limited on Thursday said that it has acquired a patented anti-infective product named Elores from research based firm Venus Remedies Ltd for an undisclosed sum. The product is used for the treatment...
Latin American pharma Biotoscana confirms in sale talks: filing
Latin American pharmaceutical company Biotoscana Investments confirmed that its shareholders were in talks with investors about a sale, according to a securities filing on Monday. “The company’s shareholders are in...
Shield Healthcare acquires two entities for undisclosed sum
City-based pharmaceutical firm Shield Healthcare has acquired two companies — Brio Bliss Life Science and a Bengaluru-based Nutri Synapzz Therapeutics for an “undisclosed sum.” Following the...
Apollo Hospitals’ pharma business rejig gets CCI clearance
The Competition Commission on Monday said it has approved the restructuring of Apollo Hospitals Enterprise Ltd’s pharmacy business and its subsequent acquisition by certain investors. Apollo Hospitals Enterprise...
Strides Pharma board approves addnl USD 40 mn investment in Stelis Biopharma
Strides Pharma Science on Friday said its board has approved an additional investment of up to USD 40 million (about Rs 280 crore) over the next two years in Stelis Biopharma in a bid to take a controlling stake in the...
U.S. Senators urge FTC to scrutinize multi-billion dollar pharma mergers
U.S. presidential hopeful Amy Klobuchar on Tuesday led a letter by U.S. senators that urged the Federal Trade Commission (FTC) to closely scrutinize pharma mergers, raising concerns about the potential harm to customers...
Purdue Pharma files for bankruptcy in bid to settle opioid crisis cases
Purdue Pharma has filed for bankruptcy in a settlement agreement in a move it hopes will head off further legal proceedings in relation to its role in spreading the opioid crisis in the US, the company said in a...
Czech billionaire Kellner’s PPF Group expands in biotech with Autolus stake
Investment group PPF, controlled by the Czech Republic’s richest man Petr Kellner, has acquired a 19.2% stake in biopharmaceutical firm Autolus Therapeutics, it said on Monday, making it the company’s biggest...
Strides Pharma buys 70% stake in Switzerland’s Fairmed Healthcare
Bangalore-based Strides Pharma Science on Wednesday announced that it has acquired 70% stake in Switzerland-based Fairmed Healthcare AG for 2.2 million Swiss Francs (around ₹15.86 crore). The acquisition was made...
Mallinckrodt sells unit for up to $250 million, sees path forward to settle opioid lawsuits
Mallinckrodt Plc shares surged more than 50% on Tuesday after it agreed to sell its contract manufacturing unit to reduce debt and its chief executive officer raised hopes that the company could reach a global...
Sun Pharma arm acquires remaining 3.04 % stake in PJSC Biosintez
Drug major Sun Pharmaceutical Industries on Monday said its Netherlands-based arm has fully acquired PJSC Biosintez, Russia by purchasing 3.04% stake in the company under the mandatory tender offer. The company’s...
