Getting a stronger foothold in the cardiovascular therapeutic area, Kos Pharmaceuticals Inc. paid $104 million in cash to Biovail Corp. for U.S. sales and marketing rights to Cardizem LA. (BioWorld Today)
Avanir Pharmaceuticals Inc. partnered its first preclinical program, doing so with Novartis AG to develop small-molecule drugs that target macrophage migration inhibitory factor.(BioWorld Today)
Taking a different approach with their metastatic colorectal cancer drug panitumumab, Amgen Inc. and Abgenix Inc. started another Phase III trial of the therapy, this time as a first-line treatment administered with bevacizumab and chemotherapy. (BioWorld Today)
In what could be the largest acquisition of 2005 - and certainly the largest so far - Shire Pharmaceuticals Group plc has nabbed Transkaryotic Therapies Inc. in a deal worth $1.6 billion. (BioWorld International)
Beating Wall Street estimates, Amgen Inc. performed well in the first quarter, reporting strong revenue for most of its products, despite Medicare reimbursement changes. (BioWorld Today)
In what could be the largest acquisition of 2005 - and certainly the largest so far - Shire Pharmaceuticals Group plc has nabbed Transkaryotic Therapies Inc. in a deal worth $1.6 billion. (BioWorld Today)
Despite missing the primary endpoint in a pivotal trial for orBec to treat intestinal graft-vs.-host disease (iGVHD), DOR BioPharma Inc. intends to file a new drug application before the end of the year. (BioWorld Today)
