At the very end of its 2015 half-year financial report, on page 49, AstraZeneca PLC (AZN) noted the termination of three projects between April 1 and June 30. They were a program for selumetinib for uveal melanoma, tenapanor for ESRD-pi/CKD with T2DM and Nexium for refractory reflux esophagitis. The selumetinib and tenapanor programs were halted […]

A surge of takeover activity involving healthcare, financial and retail companies lifted the value of deals in July over $430 billion, making it the seventh-busiest mergers and acquisition month on record, Thomson Reuters data showed. A total of $436.4 billion worth of deals had been concluded as of July 30, including 14 bumper deals worth […]

US-headquartered generic drug manufacturer Amneal Pharmaceuticals is to create up to 300 jobs in Tipperary following its acquisition of the former Johnson & Johnson plant in Cashel. The 200,000 square foot facility was sold to Amneal by Singapore-based investment firm Solidus Private Equity. The former Johnson & Johnson plant had been vacant for four years […]

OSAKA, Japan, July 30, 2015 /PRNewswire/ — Guidance for FY2015 confirmed, including Core Earnings and Core EPS Highlights of Q1 results • Underlying revenue +6.1% year-to-year (reported revenue growing +8.5% to 446.3 billion yen)•Underlying core earnings and underlying core EPS were flat, year-to-yearGrowth supported by innovative new products •The growth of new products was sufficient […]

July 31, 2015By Alex Keown, BioSpace.com Breaking News Staff CAMBRIDGE, Mass. – A Bloomberg survey of 30 investors indicates Biogen (BIIB) needs to enter the M&A fray sooner than expected in order to boost revenue, the business site reported this morning. Asthika Goonewardene, a health-care analyst for Bloomberg Intelligence, said the Boston-based drugmaker should acquire […]

July 31, 2015By Alex Keown, BioSpace.com Breaking News Staff CHICAGO – Despite Pfizer’s (PFE) and Eli Lilly and Company’s (LLY) expansion of research and development facilities, the two major pharmaceutical companies say they both plan on continuing to use contract research organizations (CRO), Outsourcing-Pharma reported this morning. Earlier this month, Pfizer announced plans to consolidate […]

Amgen Inc. raised its 2015 guidance after reporting that its second-quarter earnings rose 6.9% on better-than-expected sales growth and lower operating expenses. For the year, the biotechnology company now expects per-share earnings of $9.55 to $9.80 and revenue of $21.1 billion to $21.4 billion, compared with its previously boosted estimate for per-share profit of $9.35 […]

Abbott Laboratories (ABT.N) on Thursday said it would buy a small private company and has invested in another, with an option to buy, as it places bets on the future growth potential of minimally invasive systems to replace diseased heart valves. Abbott said it has agreed to acquire the equity in Minnesota-based Tendyne Holdings Inc […]

Health insurer Cigna Corp, which agreed last week to be bought by Anthem Inc for $47 billion, said on Thursday that medical services use was low in the second quarter, helping to keep costs in check and beat Wall Street profit estimates. Cigna’s report of a continued low utilization trend backs up a growing industry […]

Teva Pharmaceutical Industries (TEVA.N), which this week revealed plans to buy Allergan’s (AGN.N) generics drugs business in a $40.5 billion deal, said on Thursday sales of its branded multiple sclerosis drug Copaxone rose 12 percent in the second quarter even though it faces new competition. Teva, the world’s biggest generic drug maker, said that global […]