Archive for the Biotech Business Articles

Drug for acne may soon be on the market

Aug 13 : Researchers have reported that a previously unknown side effect of an unnamed drug currently on the marketplace could be useful for treating acne.

US FDA approves first in new class of HIV drug

Aug 13 : Pfizer’s maraviroc, the first in a new class of HIV drugs formulated to stop HIV virus from entering the immune system, has been approved by the US Food and Drug Administration (FDA).

Biocon to market US cancer drug in South Asia, Gulf

Aug 10: Biocon Ltd, India’s leading biotech firm, has entered into a licensing agreement with a US-based company to market a breast cancer drug in Pakistan, Bangladesh,

Allergan of US opens research facility in Bangalore

Aug 8 : Allergan Inc., the $3-billion US-based pharma major, has set up its research and development centre here to undertake global R&D projects in ophthalmology, neurology and urology.

British farmers to sue lab over foot-and-mouth outbreak

Aug 8 : Angry British farmers are considering suing laboratory operators in Pirbright for millions of pounds in damages after an initial report into the cause of the foot-and-mouth outbreak suggested the virus might have escaped from their site, media reports said Wednesday.

Biocon to set up joint venture in Dubai

July 30 : Biocon Ltd, India’s leading biotechnology firm, has entered into an agreement with Neopharma, a leading Abu Dhabi-based pharma company owned by an Indian

German-Polish collaboration in Molecular Diagnostics

July 25 : The ScanBalt Campus (SBC) Molecular Diagnostics Knowledge Network announces today that the German Federal Ministry of Education and Research

Biocon sells unit to Danish firm for $115 mn

July 18 : Biocon Ltd, India’s leading biotechnology firm, has decided to divest its enzymes business vertical to Novozymes A/S of Denmark for $115 million (Rs.4.7 billion) in an all-cash deal.

Liverpool amongst first in UK to install unique DNA sequencing technology

July 12 : Unique technology, that uses the enzymes of fireflies to read the genetic code of DNA, has been installed at the University of Liverpool.

Suven seeks permission for trials of new drug

July 12 : Suven Life Sciences has submitted an application with the Drug Controller General of India for permission to undertake phase-1 clinical trials of its new drug Suvn-502 for treatment of cognitive disorders such as Alzheimer’s and schizophrenia.