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Pfizer Forms Pact with Biocon; Baxter Makes Appointments; And More.
Almac (Craigavon, UK) opened its North American headquarters in Souderton, Pennsylvania. The company’s Clinical Technologies division has moved into the new 240,000-ft2 integrated drug-development facility.
In related news, Almac successfully completed an inspection of its Clinical Services UK facility, located in Craigavon, by the Medicines and Healthcare products Regulatory Agency (MHRA).
Goodwin Biotechnology (Plantation, FL), a contract biomanufacturing company, signed a new biopharmaceutical development and manufacturing agreement with a multinational biopharmaceutical client. Goodwin will develop the process to manufacture a unique therapeutic monoclonal antibody conjugate for diagnostic imaging purposes. This product will be manufactured under current good manufacturing practice conditions as a kit for radio-labeling for use in clinical trials. Terms of the manufacturing agreement were not disclosed.
Genmab (Copenhagen), a biotechnology company, formed an agreement to create and develop human antibody therapeutics for disorders of the central nervous system with H. Lundbeck (Copenhagen). Genmab will receive an upfront payment of €7.5 million ($10.3 million) and up to €38 million ($52.3 million) in milestone payments, plus royalties.
Immunovaccine (Halifax, Canada), a vaccine developer, entered into a research program with the National Research Council Canada to evaluate the efficacy of a carbohydrate-based vaccine formulated in DepoVax, the company's proprietary vaccine-delivery platform. The antigen selected for this vaccine formulation is a modified carbohydrate with the potential to be developed into a meningococcal vaccine, as well as a therapeutic cancer vaccine, according to a company press release.
Pfizer (New York) signed an agreement with Biocon (Bangalore, Karnataka, India), a biotechnology company, for the worldwide commercialization of Biocon’s biosimilar versions of insulin and insulin analog products: recombinant human insulin, glargine, aspart, and lispro. Pfizer will have exclusive rights to commercialize these products globally, with certain exceptions, including co-exclusive rights in Germany, India, and Malaysia. Biocon is responsible for the clinical development, manufacture, and supply of the products, as well as for obtaining regulatory approval. Pfizer will make upfront payments of $200 million, milestone payments of up to $150 million, and royalties on product sales.
sanofi aventis (Paris) formed a research collaboration with Harvard University focused on translational biomedical research in multiple therapeutic areas such as cancer, diabetes, and inflammation. Harvard University investigators will propose research projects across a wide range of areas, and the funded projects will be selected by a committee comprised of representatives of sanofi-aventis and Harvard.
VWR International, a laboratory supply company, opened its new corporate headquarters at the Radnor Corporate Center in Radnor, Pennsylvania. The new headquarters combines the company’s staff and resources previously housed in two locations near West Chester, Pennsylvania.
Agile Therapeutics (Princeton, NJ), a pharmaceutical company focused on women’s healthcare products, appointed Al Altomari president and CEO. Altomari is a former senior manager at Johnson & Johnson (New Brunswick, NJ) who has been serving as Agile’s executive chairman. Thomas Rossi, who joined Agile as president and CEO in 2004, will serve as scientific advisor to the company.
Aldagen (Durham, NC), a biopharmaceutical company, named Lyle A. Hohnke as its CEO. Hohnke succeeds Tom Amick.
Baxter International (Deerfield, IL) formed a new Medical Products business, which combines the company's Renal and Medication Delivery businesses into a single unit. Robert Davis has been appointed corporate vice-president and president of Medical Products. Peter Arduini, corporate vice-president and president of Medication Delivery, is leaving the company for another opportunity. In Baxter’s Bioscience unit, Ludwig Hantson was appointed corporate vice-president and president, filling a position vacated by Joy Amundson, who is leaving after six years of service to the company.
Discovery Laboratories (Warrington, PA), a biotechnology company, appointed W. Thomas Amick as its CEO. Amick has been serving as Discovery's interim CEO since August of 2009 and has been chairman of the board since March 2007. He will continue to serve as chairman.
Yves Rosconi, president and CEO of Theratechnologies (Montreal), a biopharmaceutical company, will retire on Nov. 30, 2010. John-Michel T. Huss will become president and CEO, effective Dec. 1, 2010. Rosconi will remain available as an advisor until the end of the year.
YM BioSciences (Mississauga, Canada), a biopharmaceutical company, appointed Nick Glover as its CEO, effective Nov. 18, 2010. Glover will also be nominated as a director of the company at the annual general meeting on that date. David Allan, who has been chairman of the company since its founding in 1994 and CEO since 1998, will continue to serve as chairman of the board.