Grindeks JSC is opening new representative office in Uzbekistan
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- Category: Business
Grindeks JSC is expanding its activities in the former soviet republics members of Commonwealth of Independent States by opening new representative office in Uzbekistan. The new representative office will have been cooperating with medicines administrating state authorities, Uzbekistan's companies engaged in pharmaceutical and medicinal products wholesale and retail business, as well as providing drug registration processes and medicaments marketing.
Pfizer Reports First-Quarter 2008 Results
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- Category: Pfizer
Pfizer Inc (NYSE: PFE) reported results for the first-quarter 2008. The Company recorded revenues of $11.8 billion, a decrease of 5% compared with $12.5 billion in the year-ago quarter, primarily due to the March 2007 loss of U.S. exclusivity of Norvasc as well as the January 2008 loss of U.S. exclusivity of Zyrtec, which Pfizer ceased selling in late January 2008. In the first-quarter 2008, Norvasc and Zyrtec revenues decreased by $556 million and $344 million, respectively, compared with the prior-year quarter.
Abbott Reports Double-Digit Sales and Earnings Growth in First Quarter
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- Category: Abbott
Abbott (NYSE: ABT) announced financial results for the first quarter ended March 31, 2008.
- Diluted earnings per share, excluding specified items, were $0.63, reflecting 14.5 percent growth, at the upper end of Abbott's previously announced guidance range of $0.61 to $0.63. Diluted earnings per share under Generally Accepted Accounting Principles (GAAP) were $0.60, up 33.3 percent.
Roche fully acquires privately-owned biotech company Piramed
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- Category: Roche
Roche announced that it will acquire Piramed Limited, a privately-owned UK company focusing on therapeutics targeting PI3-kinase (PI3-K). The PI3-K pathway is known to play an important role in disease progression and in resistance to chemotherapeutics in cancer cells.
Patients with early Parkinson's disease show better symptom control
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- Category: Novartis
A new study in patients with early Parkinson's disease demonstrates that Stalevo® (levodopa/carbidopa/entacapone) gives better symptom control[1] and greater improvements in activities of daily living[1] than levodopa/carbidopa, the most widely-used current therapy.
AstraZeneca Settles US Nexium Patent Litigation with Ranbaxy
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- Category: AstraZeneca
AstraZeneca today announced it has entered into a settlement agreement in its Nexium patent infringement litigation against Ranbaxy Laboratories Ltd. and its affiliates ("Ranbaxy").
Dr. Reddy's acquires Jet Generici Srl. Acquisition to establish Generics business in Italy
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- Category: Business
Dr. Reddy's Laboratories Ltd (NYSE:RDY) announced that it has acquired Jet Generici Srl, a company engaged in the sale of generic finished dosages in Italy. The deal has been completed via Dr Reddy's Italian subsidiary, Reddy Pharma Italia SpA, which has been engaged in building a pipeline of registrations since its incorporation.
More Pharma News ...
- Novartis to first acquire 25% stake from Nestlé for USD 143.18 per share for USD 11 billion
- The first vaccine licensed to complete the rotavirus immunisation series by four months of age
- International Federation of Clinical Chemistry Forms Partnership With the Labs Are Vital(TM)
- Lipitor Provided an Unexpectedly Potent Heart Benefit
- Pfizer Successfully Completes Tender Offer for Shares of Encysive Pharmaceuticals Inc.
- Rasilez® reduces left ventricular hypertrophy, a powerful predictor of heart disease
- Bayer appeals invalidity ruling on its Yasmin® Patent