> Novartis has announced that Switzerland has approved Lucentis for age-related macular degeneration, marking its first European approval for the drug. The FDA approved Lucentis two months ago. Novartis says it will start supplying the drug in September. Report [1]
> ViroPharma shares were buoyed by positive results from an early trial of its drug for hepatitis C. After 14 days of doses of HCV-796 with another therapy patients had an average viral reduction close to 100 percent. Plans for Phase II are underway. Report [2]
> Eli Lilly and India's Suven Life Sciences will collaborate on the preclinical development of new therapies for CNS disease. Suven gains upfront and milestone payments to identify new compounds. Report [3]
> Bausch & Lomb has expanded its development pact with Talecris Biotherapeutics, gaining development rights for rPlasmin, a recombinant derivative of the human blood component plasmin that helps to dissolve blood clots. Bausch & Lomb is enlisting volunteers for an early-stage trial of rPlasmin. Report [4]
> The FDA has approved a generic version of the injectable antibiotic Cipro. Report [5]
> Purdue Pharma and Teva Pharmaceuticals USA have agreed to end their lawsuit concerning certain Purdue Pharma patents on OxyContin Tablets. Release [6]
And Finally… St. Jude's Dr. Mary Relling has emerged as a leading advocate of genetic testing for providing the right drug prescription. Article [7]
Links:
[1] http://www.forbes.com/business/feeds/afx/2006/08/29/afx2978705.html
[2] http://www.chron.com/disp/story.mpl/ap/fn/4148500.html
[3] http://news.moneycontrol.com/india/news/business/suvenlifescienceselililly/suvenlifescienceselilillytieupfordrugdiscovery/20/42/article/236967
[4] http://news.moneycentral.msn.com/provider/providerarticle.asp?feed=AP&Date=20060829&ID=5978951
[5] http://today.reuters.com/news/articleinvesting.aspx?type=governmentFilingsNews&storyID=2006-08-28T205144Z_01_WAT006204_RTRIDST_0_HEALTH-BAYER-CIPRO-URGENT.XML
[6] http://biz.yahoo.com/prnews/060829/nytu059.html?.v=58
[7] http://www.nytimes.com/2006/08/29/health/29conv.html?ref=health