Hikal's sales up two thirds on long-term contracts
Supply and manufacturing contracts signed during fiscal 2008 helped India's Hikal achieve first quarter sales of Rs 920m ($21.5m), up 63 per cent on the year-earlier comparable period.
Archives for July 20, 2008
Roche shares dip on $43.7bn offer for Genentech
Roche offered this morning to take complete control of US biotechnology giant Genentech for the princely sum of $43.7bn in a move that it says would “enhance innovation” and cut costs for both companies.
Four years in prison for counterfeiter
A man has been sentenced in the US to four years imprisonment for trafficking 38,000 counterfeit Viagra (sildenafil citrate) tablets with a wholesale value of $400,000.
MDS trims down Pharma Services to cut costs
Life science tools and services company MDS Inc has said it will cut about 210 jobs at two of its divisions - its MDS Pharma Services and MDS Analytical Technologies – in a bid to reduce costs by around $20m a year.
Brookwood acquisition expands delivery portfolio
Brookwood Pharmaceuticals, a subsidiary of SurModics, has acquired the exclusive rights to all pharmaceutical applications of PharmaSol’s nanostructured lipid carrier (NLC) technology.
FDA reviewers and inspectors to forge closer links
The US Food and Administration says that a new project examining the interaction between its review and facilities inspection arms will help improve inter-departmental communication, particularly during pre-approval inspections (PAI)
Teva pounces on Barr with $7.5bn offer
There looks set to be further consolidation in the generics sector with Teva offering to acquire Barr Pharmaceuticals in a deal worth $7.5bn
Conformia helps ICH QbD implementation
US software company Conformia hopes that its new web-based drug development suite will help pharmaceutical firms meet with new quality by design (QbD) and risk management guidelines.