Elder to sell drugs to Torrent to cut debts and focus on CMO and OTC biz
Elder Pharmaceuticals has agreed to sell its branded drug portfolio to Torrent Pharmaceuticals in a deal that will refocus the firm as a CMO and anti-infectives producer.
Archives for December 16, 2013
Fewer animals used in drug R&D in 2011 says new EC report
Fewer animals were used to test the safety of life saving drugs in Europe in 2011 than in previous years according to the sixth edition of a research report by the European Commission last week.
Lilly: Jobs to shift to insulin production in wake of Cymbalta expiration
Eli Lilly is scaling back manufacturing of Cymbalta but says there will be no major loss of production jobs as a number of firms begin producing generic versions.
Novartis UK pulls kids' cough syrup after CMO reports packaging defect
Novartis has recalled 37 batches of over-the-counter (OTC) cough syrup after its contract manufacturer, BCM, detected a fault on a packaging line at its UK plant.
Aprecia seeks funding ahead of first ZipDose drug launch
Aprecia Pharmaceuticals has set out to try and raise money to support the commercial launch of the first drug product that uses its ZipDose delivery tech.