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Galapagos starts phase II of CF drug testing, opens IND with FDA and triggers $10M payment from AbbVie
February 2, 2017 Off

Galapagos starts phase II of CF drug testing, opens IND with FDA and triggers $10M payment from AbbVie

By Dino Mustafić

Galapagos has started dosing of the first patient with cystic fibrosis (CF) Class III (F508del and a gating mutation like G551D)…

Pharnext announces findings evaluating Charcot-Marie-Tooth Neuropathy Score
February 2, 2017 Off

Pharnext announces findings evaluating Charcot-Marie-Tooth Neuropathy Score

By Dino Mustafić

Pharnext, a French biopharmaceutical company developing an advanced portfolio of products in the field of neurodegenerative diseases, has announced publication in PLoS One of statistical findings evaluating the clinical scale Charcot-Marie-Tooth Neuropathy Score (CMTNS) for application in Charcot-Marie-Tooth Disease Type 1A (CMT1A).

AstraZeneca’s sales drop, expects to launch several new drugs this year
February 2, 2017 Off

AstraZeneca’s sales drop, expects to launch several new drugs this year

By Dino Mustafić

AstraZeneca’s hopes to launch several cancer, respiratory and metabolic diseases drugs, as it expects to see the effects of its long-term growth. The drugmaker nears the end of its patent-expiry period as it expects to bring new medicines to the stores is.

February 2, 2017 Off

Novo Nordisk reports 9% net profit increase

By Dino Mustafić

Novo Nordisk has reported net profit increased by 9% to Eur 5,1 billion. Diluted earnings per share increased by 11% to Eur 2,01.

Stem cell transplants may induce long-term remission of multiple sclerosis
February 2, 2017 Off

Stem cell transplants may induce long-term remission of multiple sclerosis

By Dino Mustafić

New clinical trial results provide evidence that high-dose immunosuppressive therapy followed by transplantation of a person’s own blood-forming stem cells can induce sustained remission of relapsing-remitting multiple sclerosis (MS), an autoimmune disease in which the immune system attacks the central nervous system.

Diplomat pharmacy wraps up $20million Affinity Biotech purchase
February 2, 2017 Off

Diplomat pharmacy wraps up $20million Affinity Biotech purchase

By Dino Mustafić

Diplomat Pharmacy has concluded the purchase of a Houston based pharmacy and infusion services specialist Affinity Biotech, which focuses on treating patients with hemophilia.

Pfizers full years earnings up 4%, Q1 2017 dividend rise 7%
February 1, 2017 Off

Pfizers full years earnings up 4%, Q1 2017 dividend rise 7%

By Dino Mustafić

Pfizer has reported 11% growth for full-year 2016 revenues, reaching $52.8 billion, including the business from Hospira and the legacy of Medivation. Net income for full year was $7,215 million which is up 4% from last years total net income of $6,960.

Allergan completes $2.9 LifeCell buy, boosts up its plastic surgery business
February 1, 2017 Off

Allergan completes $2.9 LifeCell buy, boosts up its plastic surgery business

By Dino Mustafić

Allergan has completed the $2.9 billion purchase of Acelity’s subsidiary LifeCell, adding commercial products to its regenerative medicine portfolio, and LifeCell’s innovative manufacturing capabilities and its R&D operations, based in New Jersey.

Medivir studies potentially $6 billion annually worth drug
February 1, 2017 Off

Medivir studies potentially $6 billion annually worth drug

By Dino Mustafić

Data Monitoring Committee (DMC) held its fourth and final scheduled meeting and recommended continuation of the ongoing randomized, double-blind phase IIa study of Medivir’s MIV-711 in patients with moderate knee osteoarthritis.

Biomarin’s hemophilia drug nets PRIME status in Europe
February 1, 2017 Off

Biomarin’s hemophilia drug nets PRIME status in Europe

By Dino Mustafić

BioMarin Pharmaceutical’s treatment for hemophilia has been accepted for PRIME (Priority Medicines) scheme from the European Medicines Agency (EMA).

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