Archives for August 5, 2004

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Bristol-Myers pay $150m fine

US pharmaceutical giant Bristol-Myers Squibb (BMS) is to pay $150 million (€122 million) to settle an investigation in which regulators claimed the company gave investors an inaccurate representation of its financial performance by manipulating figures.

Insulin rumour not so sweet for Nektar

Shares in drug delivery company Nektar Therapeutics fell through the floor yesterday after it was suggested that regulators in Europe were not prepared to approve an inhaled insulin product for diabetes based on its technology.

European assault continues for Sensitech

Sensitech of the US has made another foray into the European market for cold chain monitoring technologies with the acquisition of Netherlands-based Temperature Data Systems.

Borculo Domo ramps up efforts to tap US market

Borculo Domo Ingredients has forged an alliance with Univar USA to act as the exclusive distributor for all of BDI's pharmaceutical lactose products in the US, the world's largest pharmaceutical market.

Protein biochips evolving from promise to products

A report into the protein biochip industry identifies a major trend emerging in protein production, either driven by gene approaches or research purposes for therapeutic drug production. The report cites growth in the US market to eventually exceed...

Lion anticipates recovery after reducing Q1 losses.

Germany'sLion Bioscience has reported a slight financial improvement from a year ago, trimming losses in the first quarter. 53 per cent of the Lion's Q1 revenues, or €2.1 million were generated from Bayer projects.