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Pharma deals keep drug M&A on track to reach records

2015-04-05 14:42:30| Food - Topix.net

The drug giants that abandoned more than $200 billion of takeover attempts last year didn't spend long licking their wounds. Merger-hungry companies from AbbVie Inc. to Valeant Pharmaceuticals International Inc. spent the first three months of 2015 scooping up smaller targets and driving an overall rise in takeover volumes, after failing to seal a string of more ambitious deals in 2014.

Tags: to track records deals

 

Asahi Kasei Pharma Selects Evotec As Its Partner For Ion Channel Drug Discovery

2015-04-01 08:17:32| drugdiscoveryonline Home Page

Evotec AG recently announced it has entered into a multi-target screening collaboration on several ion channel targets, with Asahi Kasei Pharma Corporation, a wholly owned subsidiary of Asahi Kasei Corporation, Tokyo, Japan. Under the terms of the agreement, Evotec will use its world-class ion channel platform to identify inhibitors of multiple ion channel targets

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Teva to buy U.S. drug developer Auspex Pharma for $3.5 billion

2015-03-30 18:34:10| Biotech - Topix.net

Israel's Teva Pharmaceutical Industries said it would buy U.S. neurology drug company Auspex Pharmaceuticals Inc for an equity value of $3.5 billion to boost its portfolio of treatments for the central nervous system. Teva, the world's largest maker of generic drugs, will offer $101 per share in cash, representing a premium of 42.4 percent to Auspex's Friday closing price, the companies said on Monday.

Tags: buy drug developer billion

 

IPO-bound Aduro snags Big Pharma cancer immunotherapy deal

2015-03-30 11:22:11| Biotech - Topix.net

Tiny Aduro Biotech Inc. hopes to put the STING on cancer with a potential $750 million deal between the Berkeley company and drug giant Novartis AG. The deal centers on experimental synthetic small molecules, developed by Aduro, that could be the latest weapon in the hot field of cancer immunotherapy.

Tags: big deal cancer pharma

 

Sun Pharma brings to closure Ranbaxy merger

2015-03-27 12:08:41| Chemicals - Topix.net

India's largest pharma company Sun Pharmaceutical Industries on Wednesday announced the closure of its merger with Ranbaxy Laboratories saying the integration will deliver synergies worth $250 million in three years. "The merger has created a combined entity which has much more managerial capability.

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