Addex Therapeutics SA, of Geneva, reported preclinical data showing that its mGlu5 negative allosteric modulator oral small molecule, dipraglurant, dose-dependently prevented the abnormal excitatory effect observed on brain slices of transgenic primary generalized torsion dystonia 1 (DYT1) mice overexpressing the human mutant TOR1A gene by decreasing the paradoxical neuronal activity induced by the dopamine D2 receptor agonist quinpirole. DYT1 is a common and severe genetic form of dystonia

for the Brisbane, Australia-based company's Diversity Scanning Array (DSA) and Versatile Assembly on Stable Templates (VAST) technologies in a deal worth up to $240 million in milestones, plus other payments...to conduct a review of merger and acquisition opportunities. (See BioWorld Today, Feb. 1, 2013...It expects to launch the product in Canada, and a number of Central American, South American and Asian countries in 2014 and 2015

BD Rx Inc., of Franklin Lakes, N.J., a wholly owned subsidiary of Becton, Dickinson and Co., reported that the FDA has approved its metoclopramide injection, the second drug to be offered in the recently launched BD Simplist line of prefilled generic injectables...The drug is in Phase III trials as an adjunctive therapy to levodopa...The two companies will collaborate on additional hit-to-lead and lead optimization for two new molecules, with the work taking place at AMRI's laboratories

Net proceeds will be used to complete a Phase II Squalamine eye drop clinical trial for the wet form of age-related macular degeneration, to further the clinical development of the eye drops for the treatment of other neovascular ophthalmic disorders, to fund development of other pipeline molecules, and for general corporate purposes

Inc., of Whitehouse Station, N.J., entered into a nonexclusive deal with Bristol-Myers Squibb Co., of New York, to conduct a Phase II trial of a once-daily oral combination regimen consisting of BMS' NS5A replication complex inhibitor daclatasvir and Merck's NS3/4A protease inhibitor MK-5172 to treat chronic hepatitis C virus infection genotype 1

Celltrion said it plans to submit the study application in the first half of this year, he added, which could allow for the trial to start in the second of this year...To date, Celltrion and Hospira have identified only two products from the alliance – Remsima, a biosimilar version of autoimmune drug Remicade (infliximab, Johnson & Johnson), which won approval as the first biosimilar monoclonal antibody last year in Korea, and a biosimilar version of breast cancer drug Herceptin (trastuzumab, Roche

headquarters in Plainsboro, N.J. The building is part of a $225 million public/private redevelopment project, which used an existing structure and sustainable materials to limit environmental impact

resulting in an estimated 20 percent increase in EMD Serono's employee base from last July to the end of 2014

Addex said it plans to start a Phase IIa study of dipraglurant in a rare dystonia indication in the first half of this year...OPKO also said it is partnering with Pharmsynthez to develop and market several OPKO products for sale in Russia and certain other Eastern European countries...The assets are to be acquired in exchange for the satisfaction and discharge of $15 million outstanding under the secured notes

In separate news, another Galapagos unit, Argenta, inked a deal with Boehringer Ingelheim GmbH, of Ingelheim, Germany, to apply its respiratory drug discovery services to an undisclosed target within Boehringer's respiratory disease portfolio

Eli Lilly and Co., of Indianapolis, said it acquired two positron emission tomography tracers from Siemens Medical Solutions intended to image tau tangles in the brain, one of two known hallmarks of Alzheimer's disease

The funding will be used to formulate antigens using Immunovaccine's DepoVax adjuvant technology...The company is expected to roll out the drug to pharmacies within 90 days. (See BioWorld Today, Oct. 23, 2012, and March 27, 2013

Eddingpharm, of Hong Kong, said it inked a joint venture (JV) agreement with Chiesi Farmaceutici SpA, of Parma, Italy, to establish Chiesi Edding Hong Kong Ltd...The JV is controlled 51 percent by Eddingpharm and 49 percent by Chiesi and will leverage Eddingpharm's marketing platform to facilitate wide and quick commercialization of key products of Chiesi in the respiratory therapeutic area in China

to begin a Phase IIa trial of BL-8040, a selective antagonist of chemokine receptor CXCR4, in acute myeloid leukemia (AML...According to the terms, Shasun will be able to use the Debiopharm technology to manufacture synthetic Huperzine-A under GMP quality conditions and commercialize it in pharmaceutical and nutraceutical markets...In other news, GSK experienced manufacturing delays for manufacture and supply of Horizant (gabapentin enacarbil), partnered with XenoPort Inc., of Santa Clara, Calif

Merck KGgA, of Darmstadt, Germany, reported that a collaboration agreement between its subsidiary, EMD Serono Inc., and Pfizer Inc., of New York, inked in July 2002 for the co-promotion of multiple sclerosis drug Rebif (interferon beta-1a) extends until Dec. 31, 2015, according to an appellate court ruling...EMD Serono had contended that the collaboration should end on Dec. 31, 2013, and has asked the court to reconsider its ruling...In separate news, Merck Serono SA, of Geneva, a division of Merck

According to Epivax Inc., of Providence, R.I., the new H7N9 flu virus has serious potential for rapid expansion on a global scale...To date, 60 people have been confirmed infected with H7N9 in China, with 13 deaths...The DSMB met every six months to review safety data from the trials, and will not now meet again until the data is locked and unblinded for a final assessment

Bristol-Myers Squibb Co., of New York, will invest $250 million to expand its large-scale biologics manufacturing facility in Devens, Mass., introducing biologics development and clinical trial manufacturing capabilities and adding about 350 employees...Work is expected to begin in late 2013

GSK is working to resolve the issues with its contract manufacturer, and it is expected that new inventory of Horizant will be available in pharmacies in June...PRCN-829 is designed to deliver multiple genes, including Factor H, to neural stem cells

In the most recent action in the case, the mass torts law firm of Watts Guerra LLP, of San Antonio, has filed a motion to consolidate the incretins litigation nationally...Boehringer Ingelheim GmbH, of Ingelheim, Germany, is the target of a proposed national class-action lawsuit by the Toronto law firm of McPhadden Samac Tuovi LLP, relating to the blood thinner Pradax (dabigatran etexilate...Pradax is used to prevent clotting in patients who suffer from atrial fibrillation