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Venture capitalists ride biotech wave one drug at a time

2015-04-10 16:10:02| Food - Topix.net

How many people does it take to run a successful biotech company? Just two, judging by the sale of XO1, a one-drug British firm snapped up last month by Johnson & Johnson . Ten years on from pioneering an ultra-lean business model focused on investing in "virtual" companies with a single experimental medicine, XO1's backer Index Ventures is chalking up some notable wins.

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Drug firm Mylan bids $30bn for Perrigo

2015-04-08 19:32:37| BBC News | Business | UK Edition

Generic drug company Mylan bids nearly $30bn for Irish rival Perrigo in a deal that would create a pharmaceuticals giant.

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Albany drug developer closing U.K. plant

2015-04-08 19:01:33| Biotech - Topix.net

Albany Molecular Research Inc. , a drug development company based in Albany, New York, will close a manufacturing facility in the United Kingdom by the end of 2015. The closure of the Holywell facility is expected to affect about 62 positions.

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Merck's potential HCV drug gets special FDA designation

2015-04-08 14:57:08| Biotech - Topix.net

Merck & Co. said Wednesday that the Food and Drug Administration granted the pharmaceutical company's developing hepatitis C treatment two special designations.

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Drug maker pleads guilty to selling children's Tylenol laced with carcinogenic heavy metals

2015-04-08 09:47:21| Biotech - Topix.net

Johnson & Johnson, maker of Children's Tylenol and Motrin, has pleaded guilty to charges it sold contaminated products to consumers. As reported by the Philadelphia Inquirer , the company has agreed to pay a massive fine - $25 million - after pleading guilty to a single criminal count in federal court over poor manufacturing practices at its Fort Washington facility.

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