> Acorda Therapeutics has amended its deal with Paul Capital Healthcare to gain up to $10 million in additional funds. Release [1]
> Pain Therapeutics says its painkiller PTI-202 successfully completed a Phase I trial. Release [2]
> The U.S. Supreme Court debated a critical test of U.S. patent law in a case that has broad implications [3] for the biotech industry. Report [4]
> While citing progress in containing bird flu in Asia, the UN's bird flu chief says it will need another $1.3 billion to fight the spread of H5N1 in Africa and other countries. Report [5]
> Novartis is mulling over the sale of the baby food company Gerber. It's already in talks to sell a medical nutrition subsidiary to Nestle. Report [6] (WSJ sub. req.)
> Auxilium Pharmaceuticals has amended its manufacturing agreement with UK-based Cobra Biologics. Under the amended agreement, Cobra will complete only one BLA batch of the active ingredient for AA4500, its injectable enzyme. Release [7]
> Arena Pharmaceuticals plans to sell eight million shares in a public offering. Report [8]
> Zila says it has completed its transition to a cancer detection company. Release [9]
And Finally… Confronted by the embarrassing scandal [10] surrounding the fraudulent Korean stem cell study in 2004, Science magazine has devised new methods to scrutinize research findings. Article [11]
Links:
[1] http://www.fiercebiotech.com/node/4737
[2] http://www.fiercebiotech.com/node/4738
[3] http://www.fiercebiotech.com/story/big-pharma-claims-supreme-victory/2005-06-14
[4] http://www.signonsandiego.com/news/business/20061128-1337-patents-court-.html
[5] http://www.iht.com/articles/ap/2006/11/28/news/UN_GEN_UN_Bird_Flu.php
[6] http://online.wsj.com/article/SB116476496831135263.html?mod=health_hs_pharmaceuticals_biotech
[7] http://www.fiercebiotech.com/node/4739
[8] http://www.chron.com/disp/story.mpl/ap/fn/4365590.html
[9] http://www.fiercebiotech.com/node/4740
[10] http://www.fiercebiotech.com/story/magazine-retracts-discredited-paper-on-embryonic-stem-cells/2006-01-05
[11] http://www.newsday.com/news/health/ny-hsfake294994142nov29,0,738078.story?coll=ny-health-print