Archives for November 18, 2010

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Unilife reveals US move contributed to Q1 loss

By Gareth Macdonald

Syringe maker Unilife attributed increased first-quarter losses to higher expenditure, costs associated with relocation to the US and the construction of its new global headquarters and production facility in York, Pennsylvania.

Medtronic acquires Osteotech for $123m

Biologics company Medtronic has acquired Osteotech for $123m (€90.2m) in a step towards strengthening its business in regenerative biologics.

Roche to slash 4,800 jobs worldwide

By Alexandria Pešić

Roche will cut 4,800 jobs worldwide over the next two years as part of a restructuring program designed to slash $2.4bn Swiss francs ($2.4bn) from annual costs.

India tightens clinical trial guidelines

By Emily DOBELL

India’s Central Drugs Standard Control Organization (CDSCO) has drawn up guidelines for regulators and sponsors to help tighten up clinical trial inspection procedures.