Techno Trends
Ireland’s Shire to acquire NPS Pharmaceuticals for $5.2bn
Irish drugmaker Shire has signed a merger agreement to acquire US-based NPS Pharmaceuticals for $5.2bn. As part of the deal, Shire will acquire NPS Pharma's outstanding shares for $46 per share in cash. The transaction was...
Techno Trends
Biogen to acquire British biopharmaceutical firm Convergence
US-based Biogen Idec is set to acquire British clinical-stage biopharmaceutical company, Convergence Pharmaceuticals. As part of the deal, Convergence shareholders will receive an upfront payment of $200m from Biogen. The shareholders are also eligible to receive...
Techno Trends
Insourcing IV Sterile Compounding
Determined to cement access to reliable and safe sources for crucial IV drug admixtures, a growing number of hospitals are bringing production of compounded sterile products (CSPs) in-house and turning their backs on external compounding pharmacies. Such far-reaching decisions...
Techno Trends
Novartis buys GSK’s cancer drugs for $16 bn in three-part deal
Global pharma major Novartis will acquire GlaxoSmithKline Plc's (GSK) cancer drugs portfolio for $16 billion and sell its vaccines business in return for $7.1 billion, apart from forming a joint venture for the consumer healthcare business in a three-part...
Techno Trends
Biocon Q4 net profit falls 54% to Rs 113 crore
Biotechnology firm Biocon on Friday reported a 54.51 per cent fall in its consolidated net profit at Rs 113.08 crore for the fourth quarter ended March 31, 2014.The company had posted a net profit of Rs 248.61 crore in...
Techno Trends
Lupin forms JV with Japan’s Yoshindo Inc
Drug major Lupin has entered into a joint venture pact with Toyama-based Yoshindo Inc to form a new entity which will be responsible for development as well as obtaining marketing access for products in the Japanese market. ...
Techno Trends
Xenometrix – Mutagenicity Assays and Cytotoxicity Screening Kits
Xenometrix produces and distributes today's most advanced mutagenicity assays and cytotoxicity screening kits designed to help reduce hands-on time, test compound consumption, plastic waste and consequently the cost. Xenometrix has been developing high quality Ames fluctuation...
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