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Johnson & Johnson's New Drug Invega Trinza Will Help Drive Pharma Sales

2015-06-30 07:37:38| Biotech - Topix.net

Johnson & Johnson is launching the new Invega Trinza antipsychotic drug, which only needs to be taken four times a year. Together with the highly successful Invega Sustenna, Invega Trinza can help drive sales of J&J's pharma segment, which was the best performer of the company in Q1 2015.

Tags: sales drive drug johnson

 

Report: Stamford pharma deal could hit $700m

2015-06-30 03:27:46| Biotech - Topix.net

Spinifex Pharma, led the past 10 years by CEO Tom McCarthy, is being acquired by Novartis for $200 million up front, and reportedly as much in $500 million in future payments depending on milestones the pain medication company achieves. Photo: Alexander Soule / Alexander Soule Swiss giant Novartis is acquiring Stamford-based Spinifex Pharmaceuticals , a 20-person startup developing drugs to treat chronic pain, in a deal worth as much as $700 million.

Tags: report hit deal pharma

 
 

Moberg Pharma to receive Eurostars grant of EUR 0.9 million

2015-06-24 11:48:21| Appliances - Topix.net

Moberg Pharma AB today announced that a grant of EUR 0.9 million in public funding has been approved by Eurostars for a project proposal related to late-stage development of Moberg Pharma's BUPI project. The Eurostars project "BUPI - a long-acting lozenge with bupivacaine for pain relief of Oral Mucositis in cancer patients" will be managed by Moberg Pharma and includes six external partners in Sweden and Denmark: Oracain ApS, TFS Trial Form Support ApS, Aarhus University Hospital, University Hospital Herlev, PCG Clinical Services AB and Skane University Hospital.

Tags: receive eur million grant

 

Seattle biotechs flock to Philadelphia to talk combination therapies, partnering with big pharma

2015-06-20 02:17:46| Biotech - Topix.net

Biotech industry leaders from around the world descended on Philadelphia this week to talk about the future direction of the industry. The Biotechnology Industry Organization's 2015 International BIO Convention brought together more than 2,500 CEOs and 15,000 attendees, and Seattle's biotech scene is well-represented there.

Tags: big talk combination philadelphia

 

Inspire Pharma - with deep Triangle roots - settles civil fraud claim

2015-06-19 03:02:41| Biotech - Topix.net

Inspire Pharmaceuticals , a company with a 20-year history in the Triangle, has agreed to pay $6 million to settle a federal civil fraud claim that it marketed an eye treatment for uses that the U.S. Food and Drug Administration had not approved, according to the U.S. Attorney's Office for the Southern District of New York. The office said in a press release that Inspire "misleadingly focused on purported anti-inflammatory properties of AzaSite that were unsupported by substantial evidence or substantial clinical experience in order to cause doctors to prescribe AzaSite for for uses not covered by federal healthcare programs."

Tags: deep civil claim fraud

 

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