Drug Sponsors

DelMar Inc. acquires shares of DelMar Ltd.

Friday, January 25, 2013 01:43 PM

DelMar Pharmaceuticals, Inc., a Canadian pharmaceutical company that develops drug candidates targeting orphan cancer indications, has completed the acquisition of all of the outstanding shares of DelMar Pharmaceuticals Ltd., a clinical and commercial stage drug development company with a focus on the treatment of cancer. 

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Domain grants Prexton exclusive license and development of mGluR4 PAMs for Parkinson’s

Friday, January 25, 2013 11:01 AM

Domain Therapeutics, a French biopharmaceutical company, has granted Switzerland–based Prexton Therapeutics an exclusive option to license and develop metabotropic glutamate receptor 4 (mGluR4) Positive Allosteric Modulator (PAM) drugs targeting Parkinson’s disease.

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Ipsen, Inspiration enter into asset purchase agreement with Baxter on OBI-1

Friday, January 25, 2013 10:32 AM

Ipsen, a global specialty-driven pharmaceutical company, and Inspiration Biopharmaceuticals, a biopharmaceutical company focused on hemophilia, have entered into an Asset Purchase Agreement (APA) whereby healthcare company Baxter International will acquire worldwide rights to OBI-1, a recombinant porcine factor VIII (rpFVIII) in development for congenital hemophilia A with inhibitors and acquired hemophilia A, and Ipsen's industrial facility in Milford, Mass.

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Allergan to acquire MAP Pharmaceuticals

Wednesday, January 23, 2013 12:18 PM

Allergan and MAP Pharmaceuticals, both based in California, have jointly announced a definitive merger agreement whereby Allergan will acquire 100% of MAP Pharmaceuticals shares for $25 per share. MAP Pharmaceuticals is a biopharmaceutical company focused on developing and commercializing new therapies in neurology, including Levadex, an orally inhaled drug for the potential acute treatment of migraine in adults which is currently is under review with the FDA.

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Recordati finalizes acquisition of portfolio from Lundbeck

Wednesday, January 23, 2013 11:25 AM

Recordati, a specialty pharmaceutical group based in Italy, has successfully concluded the acquisition of all rights concerning a portfolio of products indicated for the treatment of rare and other diseases and marketed mainly in the U.S. from pharmaceutical company Lundbeck. The value of the transaction is of $100 million, of which $80 million were paid at the closing.

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Watson acquires Uteron Pharma

Wednesday, January 23, 2013 09:30 AM

Watson Pharmaceuticals, a global, integrated specialty generics pharmaceutical company, has completed the acquisition of Belgium-based Uteron Pharma, a development-based company dedicated to female healthcare, for $150 million in cash up front, and up to $155 million in potential future milestone payments. 

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Amgen to build state-of-the-art manufacturing facility in Singapore

Friday, January 18, 2013 02:49 PM

Amgen, a biotech based in Thousand Oaks, Calif., plans to build a new manufacturing facility in the Tuas Biomedical Park area of Singapore.

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Galapagos acquires Cangenix

Wednesday, January 16, 2013 11:21 AM

Galapagos, a mid-size clinical stage biotechnology company, has acquired Cangenix, a gene-to-structure biotech company, to add structure-based drug discovery to its Argenta service offering. Cangenix's state-of-the-art technology will augment Argenta's ability to design new drugs and fill a growing client need.

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Versartis closes $25M Series C financing

Wednesday, January 16, 2013 10:24 AM

Versartis, an emerging biotechnology company focused on endocrine disorders, has completed a $25 million Series C financing lead by new investor Aisling Capital. The primary use of the proceeds will be to fund clinical trials of its lead product, VRS-317, for growth hormone deficiency (GHD) in pediatric patients. VRS-317 is a proprietary once monthly form of recombinant human growth hormone (rhGH).

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Velocity Pharmaceutical announces clinical development agreement

Wednesday, January 16, 2013 09:55 AM

Velocity Pharmaceutical Development, is a pharmaceutical development organization, has signed a licensing agreement to pursue a drug development program utilizing EuMederis Pharmaceuticals' EuPort technology for optimizing the pharmaceutical properties of peptide drugs.

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