Drug Sponsors

Cubist to acquire Optimer, Trius

Wednesday, July 31, 2013 11:43 AM

Cubist Pharmaceuticals has signed agreements to acquire both Optimer Pharmaceuticals and Trius Therapeutics. Both transactions have been approved by company boards of directors and are expected to close later this year, subject to stockholder approval.

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WIRB Copernicus Group

Pfizer to create separate internal, global innovative and value businesses

Monday, July 29, 2013 03:00 PM

Pfizer has announced plans to internally separate its commercial operations into three business segments, two of which will include innovative business lines and a third to include the value business line. 

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CRF Health eCOA webinar series

PSI expands South African clinical trial presence

Monday, July 29, 2013 01:29 PM

Switzerland-based CRO PSI has expanded into South Africa and will expand its access to all African countries from its base in Pretoria. PSI's experience in South Africa includes oncology, CNS, urology and diabetes.

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Perrigo to acquire Elan for $8.6 billion

Monday, July 29, 2013 11:02 AM

Allegan, Mich.-based Perrigo, a global provider of healthcare products and Elan, a Dublin-based biotechnology company, have entered into a definitive agreement under which Elan will be acquired by a new holding company incorporated in Ireland (“New Perrigo”).

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Recordati acquires Tunisian pharmaceutical Opalia Pharma

Friday, July 26, 2013 03:06 PM

International pharmaceutical group Recordati has acquired Opalia Pharma, a Tunisian pharmaceutical company. The transaction is valued at $48 million, paid in cash, and is subject to prior approval by Tunisian authorities. Opalia Pharma markets dermatology, gastrointestinal and respiratory therapeutic products in a cGMP certified facility specialized in liquid and semi-solid forms.

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Teva, Lonza discontinue biosmilar venture

Friday, July 26, 2013 09:30 AM

Teva Pharmaceutical Industries of Jerusalem and Lonza Group, based in Switzerland, have decided to discontinue their joint venture for the development, manufacturing and marketing of biosimilars. The companies said ending the collaboration, which began in 2009, will enable both to better advance their own strategies and efforts.

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Vivus board appoints new chairman, CEO

Wednesday, July 24, 2013 03:00 PM

Biopharmaceutical company Vivus’ board of directors has appointed Michael Astrue chairman and Anthony Zook chief executive officer.

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Quest PharmaTech, AD Biotech form joint cancer venture

Wednesday, July 24, 2013 02:15 PM

Quest PharmaTech, a pharmaceutical company developing and commercializing cancer treatment products, has entered into a relationship with Korean-based AD Biotech to share research and technology development resources to co-develop technologies of both companies.

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Bristol-Myers Squibb to create 579 jobs

Friday, July 19, 2013 02:40 PM

Bristol-Myers Squibb will open a North America capability center and create 579 life sciences jobs in Tampa, Fla. The 70,000-square-foot facility will open in January 2014 with approximately 250 employees. The company will add more than 325 additional jobs by 2017.

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VIVUS, First Manhattan reach settlement agreement

Friday, July 19, 2013 02:21 PM

Mountain View-based pharma company Vivus and New York-based First Manhattan (FMC), an owner-managed and operated investment advisory firm and the owner of 9.9% of Vivus’ outstanding shares, said they have entered a settlement agreement regarding their proxy contest related to Vivus’ 2013 annual meeting.

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