> Sanofi-Aventis has spent $518 million to acquire a 25 percent stake in the Czech generics drug business Zentiva, with plans to expand into Russia and eastern Europe. Release [1]
> Keryx Biopharmaceuticals plans to sell $82 million in shares to institutional investors. Report [2]
> The FDA has approved extended dosing of Amgen's Aranesp for chemo-induced anemia. Report [3]
> Santarus shares were boosted on the news that the FDA has approved its immediate-release heartburn treatment Zegerid. Santarus, though, said it does not expect to begin marketing the therapy this year. Report [4]
> Idera Pharmaceuticals has raised $19.5 million in new funding. The company expects to use the money to develop Idera's pipeline of Toll-like receptor-based drug candidates--including funding its Phase II trial of IMO-2055 in renal cell cancer and its ongoing Phase I/II trial of IMO-2055 in combination with chemotherapy in solid tumors, as well as the pre-clinical development of a lead compound for infectious diseases, IMO-2125. Release [5]
> Colorado's biotech industry is pushing new legislation that would provide $15.5 million in support. Report [6]
> The Boston Globe profiles the work Cubist Pharmaceuticals has done on Cubicin, which researchers believe can fight staph aureus in the bloodstream. Article [7]
> The FDA has issued an approvable letter for a supplemental NDA for Cubicin. Release [8]
> Akzo Nobel hopes to reveal some Phase III data for the antipsychotic drug asenapine prior to the IPO of its pharma unit. Report [9]
> One of the two men left in critical condition when a drug trial of TGN1412 in the U.K. took a disastrous turn has shown signs of significant improvement. Report [10]
And Finally… University researchers say genetically engineered pigs may soon offer up bacon and chops rich in the kind of omega-3 fatty acids that improve our health. Article [11]
Links:
[1] http://www.medadnews.com/News/index.cfm?articleid=325740
[2] http://www.businessweek.com/ap/financialnews/D8GJU3S00.htm?campaign_id=apn_home_down&chan=db
[3] http://www.tradingmarkets.com/tm.site/news/BREAKING%20NEWS/204039/
[4] http://www.businessweek.com/ap/financialnews/D8GJUSPO0.htm?campaign_id=apn_home_down&chan=db
[5] http://www.genengnews.com/news/bnitem.aspx?name=1200650XSL_NEWSML_TO_NEWSML.xml
[6] http://www.denverpost.com/business/ci_3633924
[7] http://www.boston.com/business/globe/articles/2006/03/27/new_front_developing_in_war_on_killer_bugs/
[8] http://www.genengnews.com/news/bnitem.aspx?name=1200491XSL_NEWSML_TO_NEWSML.xml
[9] http://today.reuters.com/investing/financeArticle.aspx?type=newIssuesNews&storyID=2006-03-27T130333Z_01_L27490708_RTRIDST_0_CHEMICALS-AKZO-IPO.XML
[10] http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2006/03/26/udrugtrial.xml&sSheet=/portal/2006/03/26/ixportaltop.html
[11] http://www.nytimes.com/2006/03/27/health/27pig.html