> Takeda Pharmaceuticals has agreed to pay $27 million in an upfront payment and direct investment and up to $75 million in milestone payments in exchange for the commercial rights to Affymax's anemia therapy Hematide in Japan. Report [1]
> The UK's Lectus Therapeutics has rounded up £8.2 million in its first round of venture capital. Report [2]
> Shares of YM Biosciences rose on the news that the FDA had put its lead breast cancer therapy on its regulatory fast track review program. Report [3]
> A leading dermatology group says the FDA program to steer pregnant women from the acne drug Accutane is a "disaster." Article [4]
> Chugai Pharmaceuticals, a subsidiary of Roche, is preparing to ramp up production of Tamiflu for the Japanese market. Report [5]
> American Pharmaceutical Partners has received FDA approval for a generic version of Novartis' Sandostatin. Report [6]
> BioXell and Lay Line Genomics have inked a licensing deal for the development of MNAC13, a humanized monoclonal antibody that binds to TrkA receptors, blocking the action of Nerve Growth Factor, a key mediator of pain. Release [7]
> Myogen announced positive top line results of the AMB-222 study, an open-label study of ambrisentan in patients with pulmonary arterial hypertension. Release [8]
> Biovitrum and Amgen have expanded their licensing deal to develop Biovitrum's small molecule 11beta-HSD1 enzyme inhibitors for the treatment of metabolic diseases. Release [9]
And Finally… A host of Canadian pharmacies report a sharp spike in the number of seizures of drug shipments to patients south of the border. Article [10]
Links:
[1] http://www.forbes.com/home/feeds/afx/2006/02/13/afx2519995.html
[2] http://www.americanventuremagazine.com/news.php?newsid=807
[3] http://today.reuters.com/investing/financeArticle.aspx?type=governmentFilingsNews&storyID=URI:urn:newsml:reuters.com:20060213:MTFH41812_2006-02-13_16-17-32_N13309863:1
[4] http://www.nytimes.com/2006/02/11/national/11inhibit.html
[5] http://www.medindia.net/news/view_news_main.asp?x=7807
[6] http://www.businessweek.com/ap/financialnews/D8FOB9008.htm?campaign_id=apn_home_down&chan=db
[7] http://webwire.com/ViewPressRel.asp?SESSIONID=&aId=9432
[8] http://biz.yahoo.com/prnews/060213/nym158.html?.v=38
[9] http://www.genengnews.com/news/bnitem.aspx?name=1166987XSL_NEWSML_TO_NEWSML.xml
[10] http://www.latimes.com/business/la-fi-seize11feb11,0,6796122.story?coll=la-home-headlines&CFID=4315388&CFTOKEN=114840769e6dd133-976E4936-F8C1-6860-D42FDD2A7863C01B