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Johannes Schubmehl appointed CIO of Bayer HealthCare

Friday, May 24, 2013 11:31 AM

Bayer HealthCare, a global healthcare company, has appointed Johannes Schubmehl as chief information officer (CIO). Schubmehl succeeds Matthias Moritz, who had left the company at the end of March.

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FDA approves Bayer’s Xofigo for advanced prostate cancer

Thursday, May 23, 2013 08:00 AM

The FDA has approved Bayer Pharmaceuticals’ Xofigo (radium Ra 223 dichloride) to treat males with symptomatic late-stage metastatic castration-resistant prostate cancer that has spread to bones but not to other organs. It is intended for men whose cancer has spread after receiving medical or surgical therapy to lower testosterone.

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Merck announces $5B accelerated share repurchase

Wednesday, May 22, 2013 03:46 PM

Merck, a global healthcare company known as MSD outside the U.S. and Canada, has entered into an accelerated share repurchase agreement (ASR) with Goldman, Sachs & Co. to repurchase $5 billion of Merck's common stock. Proceeds from the company's recently concluded debt offering were used to execute the ASR, which is part of Merck's previously announced $15 billion share repurchase program.

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eFFECTOR Therapeutics raises $45M in series A financing

Wednesday, May 22, 2013 11:32 AM

eFFECTOR Therapeutics, a newly established biopharmaceutical company, has completed a $45 million Series A financing. eFFECTOR is focused on inventing and developing small molecule drugs to selectively regulate protein synthesis, also known as translation, with an initial emphasis on cancer. 

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Elan announces transactions to transform the company

Wednesday, May 22, 2013 10:42 AM

Elan, a biotechnology company based in Ireland, announced a series of transactions designed to decisively transform and advance the company. Upon shareholder approval, the totality of these strategically driven decisions, in addition to the Theravance royalty participation agreement, the dividend pass through, and the completed Tysabri transaction, will form a dynamic and unique business foundation for Elan in the years ahead.

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ClinTec International expands in MENA region with planned Istanbul office

Wednesday, May 22, 2013 09:44 AM

ClinTec International, a global CRO with a presence in over 40 countries, plans to formally open an office in Istanbul, Turkey.

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WIRB-Copernicus Group, Mytrus to deliver electronic informed consent solution

Wednesday, May 22, 2013 09:16 AM

The WIRB-Copernicus Group, the world's largest provider of regulatory and ethical review services for human research, has partnered with Mytrus, a clinical technology and services company, to deliver a unique electronic informed consent solution that will help to streamline and enrich the clinical research process.

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Greenphire CEO selected as finalist in Ernst & Young Entrepreneur of the Year Awards

Wednesday, May 22, 2013 08:00 AM

Greenphire, a of payment technologies for the clinical trials industry, announced that the company's CEO, Sam Whitaker, has been selected as a finalist for the Ernst & Young Entrepreneur of the Year Awards 2013 in the Greater Philadelphia region.

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FDA approves GSK’s Breo Ellipta to treat COPD

Friday, May 17, 2013 01:25 PM

The FDA has approved GlaxoSmithKline and Theravance’s Breo Ellipta (fluticasone furoate and vilanterol inhalation powder) for the long-term, once-daily, maintenance treatment of airflow obstruction in patients with chronic obstructive pulmonary disease (COPD), including chronic bronchitis and/or emphysema. It is also approved to reduce exacerbations of COPD in patients with a history of exacerbations. 

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Bayer to acquire Steigerwald Arzneimittelwerk

Friday, May 17, 2013 11:56 AM

Bayer has signed an agreement to acquire 100% of the shares of Steigerwald Arzneimittelwerk, a Darmstadt, Germany-based privately held pharmaceutical company specializing in pharmacy-only herbal medicines.

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