OR WAIT null SECS
Pfizer to Acquire FoldRx; Protalix Appoints COO; And More.
Aurobindo Pharma (Hyderabad, India) entered into a licensing and supply agreement with AstraZeneca (London) to supply several solid dosage and sterile products for emerging markets. The products include the therapeutic segments of anti-infectives, cardiovascular system, and central nervous system. Financial terms were not disclosed.
Boehringer Ingelheim (Ingelheim, Germany) opened its new Center of Competence (CoC) in Shanghai. The EUR 10 million CoC will focus on optimizing active pharmaceutical ingredients and chemical intermediates procured in China. The Center is part of the company’s EUR 100-million ($127.5-million) expansion project in China.
Eli Lilly and Company (Indianapolis) announced that the US Court of Appeals for the Federal Circuit has affirmed a prior ruling by the US District Court for the Southern District of Indiana that the company's method-of-use patents for its osteoporosis drug Evista (raloxifene HCl tablets) are valid. These patents provide protection for Evista in the U.S. through March of 2014.
Nabi Biopharmaceuticals (Rockville, MD) entered into a five-year commercial manufacturing agreement with Diosynth RTP (Research Triangle Park) for the manufacture of a drug substance integral to the production of Nabi’s investigational vaccine NicVAX, designed for the treatment of nicotine addiction and prevention of smoking relapse. Diosynth will produce the drug substance for NicVax, combine it with an adjuvant, and fill it in syringes.
NextPharma (Surrey, UK), a European services provider, added microbiology testing services to its offerings at its site in Göttingen, Germany by expanding the facility. The expansion of the microbiology department includes the addition of three laboratories equipped with modern air ventilation, laminar-flow benches, and temperature-controlled incubators linked to a computerized monitoring system that regulates temperature.
Orexigen Therapeutics (San Diego) and Takeda Pharmaceutical (Osaka, Japan) entered into a partnership to develop and commercialize Contrave (naltrexone SR/bupropion SR), Orexigen’s investigational obesity drug, in the US, Canada, and Mexico. Orexigen will receive an upfront payment of $50 million, and Takeda will obtain an exclusive marketing right in the US, Mexico, and Canada while Orexigen retains the right to copromote with Takeda in the US. Orexigen is eligible to receive more than $1 billion in milestone payments and royalties on sales.
Pfizer (New York) will acquire the pharmaceutical company FoldRx Pharmaceuticals (Cambridge, MA), adding to Pfizer’s orphan and rare diseases program within its specialty care business. FoldRx's portfolio includes clinical and preclinical programs for investigational compounds to treat diseases caused by protein misfolding, which is increasingly recognized as an underlying cause in many chronic degenerative diseases, according to a company press relase.
RecipharmCobra Biologics (Keele, UK), a biopharmaceutical manufacturer, was granted European and United States patents for its antibiotic resistance gene-free plasmid maintenance technology, called oriSELECT, which is designed to improve biomanufacturing yields.
Roche (Basel) and biopharmaceutical company reMYND (Leuven, Belgium) entered into an agreement to develop therapeutics that could slow down neurodegeneration in Parkinson’s and Alzheimer’s patients by inhibiting α-synuclein and tau toxicity. Roche will be responsible for all clinical development and worldwide commercialization. reMYND could receive more than half a billion euros in milestone payments, other payments, and royalties.
BioStorage Technologies (Indianapolis), a company focused on temperature-controlled biomaterial storage, cold-chain logistics, and sample management, appointed Russ Hager global director of supply chain. Hager previously held positions at Abbott Laboratories (Abbott Park, IL).
Cubist Pharmaceuticals (Lexington, MA) promoted Steven C. Gilman as its executive vice-president of research and development and chief scientific officer. Gilman joined Cubist in 2008 as senior vice-president of discovery and nonclinical development and chief scientific officer.
NeoStem (New York), a biopharmaceutical company with operations in the US and China, appointed Ian Zhang president and managing director of NeoStem China. Zhang is the former head of Asia-Pacific integration at Life Technologies (Carlsbad, CA).
Pevion Biotech (Berne, Switzerland), a vaccine company, appointed Evert Kueppers as its CEO. Kueppers succeeds Thomas Stauffer.
The board of directors of Pierre Fabre (Castres, France) appointed Olivier Bohuon as the company's CEO. Bohuon previously served as executive vice-president of Abbott (Abbott Park, IL) and president of its pharmaceutics division.
Protalix BioTherapeutics (Carmiel, Israel), a biopharmaceutical company, appointed Tzvi Palash as its COO. Palash will be responsible for overseeing the company's manufacturing activities and implementing the expansion phase of the company's facility as it transitions from a research-and-development organization to a biotechnology company.