Eli Lilly and Co. (LLY) and Nektar Therapeutics (NKTR) Monday announced a strategic collaboration to co-develop NKTR-358, an immunological therapy discovered by Nektar. Compound is intended to reat a number of autoimmune and other chronic inflammatory conditions. Under the terms of the agreement, Nektar will receive an initial payment of $150 million and is eligible […]

Merck, Pfizer and Corning Incorporated have announced collaborations that have enabled the modernization of pharmaceutical packaging with the introduction of Corning Valor Glass. This revolutionary pharmaceutical glass packaging solution enhances the storage and delivery of today’s drug formulations and provides more reliable access to medicines essential to public health. Deep pharmaceutical formulation and manufacturing process […]

Alkem Laboratories on Friday said the US health regulator has not issued any `observation’ post inspection of its Taloja facility in Maharashtra. “United States Food and Drug Administration (USFDA) had conducted an inspection at the company’s bioequivalence facility located at Taloja from July 10 to July 14, 2017“, Alkem Laboratories said in a filing to […]

KKR, one of the largest PE investors in the world, signed a definitive agreement on Monday to invest $200 million for a 49% stake in Radiant Life Care. ET was the first to report the deal on June 2. Radiant Life Care, which runs two hospitals in New Delhi and Mumbai, is looking at consolidating […]

Sphere Fluidics Limited and their partners have just won a $1.25 million grant to develop a novel automated single cell genome engineering platform. Grant syndicate also includes Horizon Discovery (UK), Twist Bioscience (US) and the University of Edinburgh (UK). Grant was an Open Innovation Grant from InnovateUK with participation open to companies in every industry […]

Valeant Pharmaceuticals International Inc (VRX.TO), (VRX.N) said on Monday it would sell its Obagi Medical Products business for $190 million in cash, as part of the Canadian drugmaker’s efforts to cut down its debt. Valeant, which bought the Irvine, California-based Obagi for about $344 million in 2013, will sell the business to Haitong International Zhonghua […]

Central government has given its approval for signing an Memorandum of Understanding (MoU) for cooperation in traditional systems of medicine and homoeopathy between India and Sri Lanka. The signing of the proposed MoU will enhance bilateral cooperation between the two countries in the areas of traditional medicine and homoeopathy. This will be of immense importance […]

Novartis has announced that the US Food and Drug Administration (FDA) Oncologic Drugs Advisory Committee (ODAC) unanimously (10-0) recommended approval of CTL019 (tisagenlecleucel), an investigational chimeric antigen receptor T cell (CAR-T) therapy, for the treatment of relapsed or refractory (r/r) pediatric and young adult patients with B-cell acute lymphoblastic leukemia (ALL). “The panel’s unanimous recommendation […]

For top Indian drug makers, the US market is the largest geography by sales, at 20-50 per cent of their consolidated revenues. Recently, Cadila Healthcare announced it was looking at doubling its sales over the next three years to reach the $1- billion mark in US sales from the current $553 million. Cadila has to […]