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Celgene Will Buy Drug Developer Receptos for $7.32 Billion
2015-07-15 00:23:18| Biotech - Topix.net
Cancer drug maker Celgene says it will buy drug developer Receptos for $7.32 billion cash, gaining a drug Receptos is studying as a treatment for multiple sclerosis and ulcerative colitis. Celgene agreed to pay $232 per share for Receptos, and the companies valued the deal at $7.2 billion excluding Receptos' cash on hand.
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drug
developer
billion
U.S. consumer groups oppose Teva bid for generic drug rival Mylan
2015-07-14 21:13:30| Biotech - Topix.net
A proposed merger of the two largest U.S. generic drug makers drew fire on Tuesday from Consumers Union and seven other groups, who asked antitrust enforcers to stop Teva Pharmaceutical Industries Ltd's ( At this point, there is no deal. Mylan has been rebuffing Teva's takeover bids, including one in April for $40 billion.
Tags: groups
drug
consumer
bid
Pricey successor overtakes $1,000-per-pill hepatitis C drug
2015-07-13 10:00:43| Biotech - Topix.net
Harvoni, the newest pill from California-based Gilead Sciences, accounted for more than three-fourths of the prescriptions ... . This image provided by Gilead Sciences shows a bottle of the Hepititis drug Harvoni.
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successor
hepatitis
pricey
Penn diabetes drug study shows promise
2015-07-12 03:42:37| Biotech - Topix.net
Imagine if you could carry a credit card-size record of all the three billion A's, T's, C's, and G's that make up the alphabet soup of your genome. A simple swipe of the card could inform your physician right away if a drug being considered will help you - or even hurt you.
Tags: study
shows
drug
promise
$1,000-per-pill drug overtaken by pricier successor
2015-07-11 15:18:50| Biotech - Topix.net
The $1,000 pill for a liver-wasting viral infection that made headlines last year is no longer the favorite of patients and doctors. The new leading pill for hepatitis C is more expensive, and the number of patients seeking a cure has surged.
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successor
overtaken
pricier
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