Rani Therapeutics, headquartered in San Jose, Calif., announced it had closed on its latest funding round, now totaling more than $70 million. Existing investors included Novartis (NVS), Google Ventures, Buttonwood, GF Ventures, KPC Pharmaceuticals, inCube Ventures and VentureHealth. New investors include AstraZeneca (AZN), Virtus Inspire Ventures, and Ping An Ventures. Rani focuses on a development […]

A group of Chinese pharmacy chains has demanded the abolition of a medicine tracking platform run by Alibaba Health Information Technology, piling further pressure on the firm after China’s drug regulator suspended the system on Saturday. In a joint statement on Wednesday, the 19 firms called for the China Food and Drug Administration (CFDA) to […]

Kidney dialysis provider Fresenius Medical Care (FMC) expects more than 70 percent of eligible U.S. patients to have switched to cheaper alternative anemia treatment Mircera by the end of March, the German group’s chief executive said. About 155,000 of FMC’s 185,000 U.S. dialysis patients require treatment against anemia, or deficiency of red blood cells. The […]

KALAMAZOO, Mich., Feb. 24, 2016 /PRNewswire/ — AureoGen Biosciences Inc. today announced a licensing agreement with Merck, known as MSD outside the United States and Canada, for the use of AureoGen’s proprietary chemistry and compounds for the development of medicines for infectious disease, including systemic fungal infections. Under the agreement, Merck receives exclusive rights to […]

MUNICH, February 24, 2016 /PRNewswire/ — Recognizing the immediate need for access to new therapeutic options for multidrug-resistant TB (MDR-TB), Otsuka Novel Products GmbH (Otsuka) today announced an ambitious new public-private partnership with the Stop TB Partnership (Stop TB) to increase access and scale-up treatment of delamanid (Deltyba™) in low- and middle-income countries. Any country […]

Nine cancer care centers in seven states claim in a flurry of lawsuits that Genentech Inc. shipped less of its popular breast cancer-fighting drug Herceptin than labeled. The suits, filed in New York, Texas, Florida, Virginia, Tennessee, Minnesota and Oklahoma, say vials of freeze-dried Herceptin when mixed with a liquid failed to produce the correct […]

Johnson & Johnson (JNJ.N) was ordered by a Missouri state jury to pay $72 million of damages to the family of a woman whose death from ovarian cancer was linked to her use of the company’s talc-based Baby Powder and Shower to Shower for several decades. In a verdict announced late Monday night, jurors in […]

CAMBRIDGE, Mass.–(BUSINESS WIRE)–Pronutria Biosciences Inc., a biotechnology company pioneering first-in-class medicines for serious conditions linked to amino acid imbalances, announced today that it has completed a $42.5 million investment by Nestlé Health Science. The proceeds from this financing will help to fund the ongoing rapid transformation of the company from a unique and revolutionary platform […]

Officials representing the Seoul Western District Prosecutors’ Office in South Korea raided the local offices of Switzerland-based Novartis AG (NVS), looking for evidence of bribery allegations.   According to the Yonhap News Agency, the Korean officials seized documents and account books on Monday around 9 a.m. local time. A Korean prosecution official said the raid […]

IMS Health Holdings reported an employee base numbering more than 15,000 people at the close of 2015, up from 10,200 a year earlier as the company absorbed business units of Cegedim it acquired for $426 million last April, as well as 14 smaller companies. Danbury-based IMS Health (NYSE: IMS) tracks pharmaceutical pricing and sales and […]