Archives for December 22, 2008

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MDS Pharma Services under pressure in Q4

By Phil Taylor

Canadian contract services company MDS Pharma Services reported disappointing results in its fiscal fourth quarter, with revenues dropping 9 per cent to $112m.

PharmaNet may consider sale of business

By Phil Taylor

Contract research organisation PharmaNet Development Group is considering a sale of the business as it tries to recover from a difficult year marked by shrinking revenues and cancelled contracts.

PPD gets bigger in Ireland, Singapore

By Phil Taylor

PPD Inc is planning to set up new laboratory facilities in Ireland and Singapore to boost is capabilities in proving analytical services to customers.

Merck takes charge of Stimuvax manufacture

By Gareth Macdonald

Merck Serono has stumped up $13m (€9m) to add manufacturing rights to its Stimuvax licensing deal with Oncothyreon and buy up any remaining inventory of the candidate lung cancer vaccine.