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Drugmaker GSK to invest $200 million in African factories, R&D

2014-03-31 13:01:31| Biotech - Topix.net

Drugmaker GlaxoSmithKline plans to invest up to 130 million pounds in Africa over the next five years as it bets on the importance of the continent in driving long-term demand for medicine.

Tags: million rd african invest

Synta CEO Bahcall Resigns as Committee to Run Drugmaker

2014-03-05 01:48:31| Biotech - Topix.net

Synta Pharmaceuticals Corp., the maker of the experimental cancer drug ganetespib, said co- founder Safi Bahcall has resigned as chief executive officer and will be replaced by a committee led by Chairman Keith Gollust until a new top executive is named.

Tags: run committee ceo resigns

Soros Makes Drugmaker Teva Biggest Stake as Shares Climb

2014-02-17 11:43:30| Biotech - Topix.net

Soros Fund Management LLC, the family office of billionaire George Soros, boosted its stake in Teva Pharmaceutical Industries Ltd., making the Israeli drugmaker its largest holding in the fourth quarter.

Tags: makes biggest shares stake

Drugmaker Merck's Q4 profit, sales fall due to generic competition,...

2014-02-05 15:23:14| Biotech - Topix.net

Merck & Co. reported a 14 per cent decline in fourth-quarter profit as generic competition continued to cut into sales of one-time blockbuster medicines, and unfavourable currency exchange rates reduced overseas revenue.

Tags: due sales fall profit