Archives for October 16, 2005

← 2005

Beximco raises $21m via institutional placing

By  Wai Lang Chu

Bangledeshi's Beximco Pharmaceuticals has announced that the company has raised $21 million after it successfully completed an institutional placing of global depositary receipts (GDRs).

Sterling buys Torrent unit for $12.3 million

By  Wai Lang Chu

Sterling Biotech, India's largest gelatin producer, has struck a deal with Gujarat Biotech (TGBL) to purchase its manufacturing unit for Rs 55 cr ($12.3 million) in an all cash deal. Sterling's acquisition brings it one step closer to becoming the...

European Authorities recommend IONSYS approval

By  Wai Lang Chu

European Authorities recommended the first needle-free system for acute postoperative pain for approval this week, which allows patient-controlled delivery of fentanyl in post-operative pain control.

Cipla bird flu drug defies Roche

By writes Kirsty Barnes

Cipla announced plans on Friday that will see it become the first company to sell a generic version of the anti-influenza drug Tamiflu.