Drug Sponsors

Novo Nordisk to add 6,000 new jobs in Denmark by 2022

Friday, June 13, 2014 01:10 PM

Global healthcare company Novo Nordisk expects to hire 6,000 new employees in Denmark through 2022, half of whom will work within R&D. According to a Novo Nordisk report, the new jobs will have the derived effect of boosting employment by more than 15,000 jobs nationally.

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WIRB Copernicus Group

Cardiovascular Systems plans new corporate headquarters

Friday, June 13, 2014 01:07 PM

Cardiovascular Systems, a medical device company, has plans to build a new corporate headquarters in New Brighton, Minn. The 125,000-square-foot, two-story building will have space for more than 500 employees and contain dedicated R&D, training and education and manufacturing facilities. CSI’s headquarters will be located in the New Brighton Exchange, approximately 10 minutes from downtown Minneapolis.

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TeraDiscoveries changes name to Cloud Pharmaceuticals

Thursday, June 12, 2014 01:38 PM

TeraDiscoveries, a bio-therapeutics company focused on cloud-based drug design and development, has changed its corporate name to Cloud Pharmaceuticals.

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Allergan board unanimously rejects revised Valeant proposal

Wednesday, June 11, 2014 12:54 PM

Allergan’s board of directors has unanimously determined the revised unsolicited proposal by Pershing Square and Valeant Pharmaceuticals International substantially undervalues the company, creates significant risks and uncertainties for the stockholders of Allergan and is not in the best interests of the company and its stockholders.

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Celsion to acquire Egen

Wednesday, June 11, 2014 12:48 PM

Celsion, an oncology drug development company, and Egen, a privately held biopharmaceutical company focused on the development of nucleic acid-based therapeutics for the treatment of cancer and other difficult to treat diseases, have signed a definitive asset purchase agreement for Celsion to acquire substantially all of Egen’s assets, including its phase Ib DNA-based immunotherapy product candidate Egen-001 and its therapeutic platform technologies, TheraPlas for delivery of DNA and mRNA, TheraSilence for delivery of RNA and RAST for Cell Enabled Expression and Secretion of RNA.

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Merck to acquire Idenix for $3.85 billion

Monday, June 9, 2014 02:01 PM

Merck has agreed to acquire Idenix Pharmaceuticals for $24.50 per share in cash, for a total value of approximately $3.85 billion. The transaction has been approved by the boards of directors of both companies.

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inVentiv Health, Aprecia Pharmaceuticals partner

Monday, June 9, 2014 01:58 PM

inVentiv Health, a life science knowledge and services company, and Aprecia Pharmaceuticals, a specialty pharmaceutical company, have formed an exclusive sales and marketing alliance. This partnership will launch the Aprecia brand, as well as provide comprehensive commercialization of Aprecia's pioneering technology platform and initial pharmaceutical products.

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Biotech consortium launches KPI Therapeutics

Friday, June 6, 2014 12:51 PM

Five biotech firms and private investors have announced the launch of KPI Therapeutics, with the aim of speeding advancement of novel, promising drug candidates that can improve the quality of patients’ lives.

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Asana BioSciences acquires drug discovery platform from Endo

Thursday, June 5, 2014 09:30 AM

Asana BioSciences, an independent member of the Amneal Alliance of Companies, has acquired the early stage branded pharmaceutical discovery platform of Endo Pharmaceuticals, a subsidiary of Endo International.

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Celerion expands to Singapore, names Chew Lan Chong executive director

Wednesday, June 4, 2014 01:25 PM

Celerion has expanded its formal business presence in Singapore, and has named Dr. Chew Lan Chong, MBBS, MRCS, MSc, executive director, medical research, of its new operations. Chong has 10 years of direct operational experience leading clinical pharmacology units.

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