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

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

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

The drug is expected to be available by the end of May...GlaxoSmithKline plc, of London, and A*STAR's Institute of Chemical and Engineering Sciences, of Singapore, signed a five-year agreement to develop new evidence-based formulations (EBFs) specifically for emerging markets...EBFs are medicines reformulated to provide additional patient benefit

Merz Pharma Group, of Frankfurt, Germany, said it withdrew its nonbinding proposal to acquire the outstanding common stock of Obagi Medical Products Inc., of Long Beach, Calif., for $22 per share in cash...NovaDel Pharma Inc., of Bridgewater, N.J., signed a definitive agreement to sell its NovaMist technology and certain additional assets, including related patents and trademarks, to Australia's Suda Ltd

Valeant has granted Actavis the exclusive right to co-promote Zovirax cream to obstetricians and gynecologists in the U.S., and Actavis has granted Valeant the exclusive right to co-promote Actavis Specialty Brands' Cordran Tape (flurandrenolide) product in the U.S...and, Kayexalate is prescribed to remove dangerously high levels of potassium in the blood

Covis Pharma Sarl, of Zug, Switzerland, inked a deal with affiliates of Paris-based Sanofi SA to acquire full commercial rights to Nilandron (nilutamide), Plaquenil (hydroxychloroquine), Rilutek (riluzole), Uroxatral (alfuzosin hydrochloride) and Kayexalate (sodium polystyrene sulfate) in the U.S. Sanofi will retain rights to the products outside of the U.S. Financial terms were not disclosed

UCB SA, of Brussels, Belgium, said its Canadian subsidiary received Health Canada approval for Neupro (rotigotine), a non-ergolinic dopamine agonist in patch form, for treating the signs and symptoms of idiopathic Parkinson's disease and moderate to severe idiopathic restless legs syndrome in adults

Ferro Corp., of Cleveland, sold its pharmaceuticals business, Pfanstiehl Laboratories, to PLI Holdings Inc., an affiliate of Med Opportunity Partners LLC, for $16.9 million in cash and an earn-out incentive payment of up to $8 million, payable over two years based on earnings targets...The move is part of a strategy by Ferro to divest non-core businesses and drive growth from its Performance Materials and Performance Chemicals businesses...The exchange offer is being carried out to satisfy obligations

DSP will exclusively discuss with RIJ to collaborate in and outside Japan...RIJ said it aims to commercialize the world's first pharmaceutical iPS cell-derived retinal pigment epithelial cells...Completion of the rights sale under the APA is subject to certain third-party and Chinese regulatory approvals

Eisai Inc., of Woodcliff Lake, N.J., said the FDA approved Aciphex Sprinkle delayed-release capsules for the treatment of gastroesophageal reflux disease in children, ages 1 to 11, for up to 12 weeks

Under terms of the agreement, Actavis can launch its generic version of Crestor 67 days prior to July 8, 2016, the expiration of pediatric exclusivity, at a fee of 39 percent of net sales to AstraZeneca...The FDA granted tentative approval to Actavis' ANDA on June 6, 2011

Ltd., enabling Simcere Vaxtec to resume production of its influenza vaccine

Astellas Pharma Inc., of Tokyo, and Nagasaki University signed a collaborative research agreement to discover new drugs for the treatment of neglected tropical diseases (NTDs) caused by dengue virus...In separate news, Astellas signed a deal to access the TSUBAME2.0 supercomputer at the Tokyo Institute of Technology to discover candidates for NTDs caused by dengue virus

Cancer Research Technology, the commercial arm of Cancer Research UK, and the Institute of Cancer Research, London, said they were collaborating with Janssen Biotech Inc., a unit of New Brunswick, N.J.-based Johnson & Johnson, to discover a potential new multiple myeloma drug

The FDA stated that bleeding rates associated with new use of Pradaxa do not appear to be higher than those with new use of warfarin, which is consistent with observations from the pivotal RE-LY trial

Astellas Pharma Inc., of Tokyo, said the European Commission approved expanded options for pre-treatment prior to use of Qutenza (8 percent capsaicin patch

Inc., of Whitehouse Station, N.J., and Luminex Corp., of Austin, Texas, signed a collaboration and license deal to develop a companion diagnostic device that will be evaluated to help screen patients for recruitment into Merck's clinical development program for MK-8931, an oral, beta amyloid precursor protein site cleaving enzyme inhibitor and Merck's lead candidate for Alzheimer's disease...Takeda Pharmaceutical Co., of Tokyo, and the Scripps Research Institute announced plans to expand their

and other affiliates he controls, proposing to acquire outstanding shares not currently owned by the group for $9.56 per American Depositary Share (ADS) or $4.78 per ordinary shares in cash...Simcere's board formed a special committee of independent directors to evaluate the offer