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GSK Heart Drug Flops In Study, Shingles Vaccine On Track
2015-10-28 08:39:04| Biotech - Topix.net
An experimental heart drug from GlaxoSmithKline failed to work as hoped in the first part of a large clinical trial, the company said on Tuesday, dealing a blow to its pipeline of new medicines. Losmapimod was being assessed as a treatment to reduce the risk of further cardiovascular problems after heart attacks, but it failed to show the hoped-for benefits and GSK said the result did not support investment in a larger second part of the study.
Drug maker gets key investor support
2015-10-27 19:06:51| BBC News | Business | UK Edition
Shares of troubled Canadian drug company Valeant Pharmaceuticals rose on the support of a key shareholder who bought 2 million additional shares.
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Swiss drug maker Novartis says Q3 net income drops following sale of shares to Merck last year
2015-10-27 12:55:47| Biotech - Topix.net
Swiss pharmaceutical giant Novartis says net income fell 42 per cent in the third quarter, largely due to the sale of its hepatitis drug unit a year earlier and provisions for legal settlements and fees. The company says the integration of businesses from a multibillion-dollar product exchange with rival GlaxoSmithKline earlier this year is on track.
Perrigo steps up effort vs. drug giant Mylan; Huntington Bank 2nd-largest SBA lender
2015-10-24 03:37:51| Biotech - Topix.net
Perrigo Co. will cut about 800 jobs, or about 6 percent of its global work force, and buy back some $2 billion of its shares as it streamlines operations and seeks to boost shareholder returns in the face of a hostile takeover bid by generic drug giant Mylan.
Gilead's new HIV drug shows lower side-effects over longer term
2015-10-22 16:09:33| Biotech - Topix.net
Drugmaker Gilead Sciences Inc said data from a late-stage study showed that its experimental drug, Genvoya, showed reduced side-effects compared with an older version of the drug in treating HIV-infected patients over a longer term. The company said Genvoya was as good as Stribild, which is the older version, after 96 weeks of treatment and had lesser side-effects on patients' kidneys and bones.
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