> AstraZeneca says its tender offer for MedImmune was a success, allowing its acquisition to proceed. Report [1]
> Jazz Pharmaceuticals raised $108 million in its IPO as it sold shares well under its forecasted range. Release [2]
> Accu-Break Pharmaceuticals has raised a $5.65 million in a new round of venture capital led by S.A.C. Capital Associates and funds managed by Pequot Capital Management. Report [3]
> The FDA has approved Novo Nordisk's Norditropin, a growth hormone, for children of short stature who suffer from Noonan syndrome. Report [4]
> Indigo Pharmaceuticals has signed a license agreement for INDI-702 (previously NM-702; current development code in Japan: NT-702) with Tokyo-based Nissan Chemical Industries and Taisho Pharmaceutical. Nissan Chemical and Taisho have been jointly developing INDI-702 for arteriosclerosis obliterans. Release [5]
> Shares of Amicus Therapeutics slipped 3.8 percent during their opening day on Nasdaq. Report [6]
> AstraZeneca today announced a ruling by the US District Court for the Southern District of New York that found two Prilosec formulation patents valid and infringed by Impax Laboratories and Apotex Corp. Release [7]
> Nventa Biopharmaceuticals has consolidated its offices in its San Diego facility, closing operations in Canada. Release [8]
> VGX Pharmaceuticals has formed a wholly owned subsidiary, VGX Animal Health. Release [9]
And Finally…The recent case of an Atlanta man who traveled around the world with a case of extremely drug-resistant TB is highlighting fears that the disease could kill millions if it breaks out into the general population. Report [10]
Links:
[1] http://www.forbes.com/feeds/ap/2007/06/01/ap3778843.html
[2] http://www.fiercebiotech.com/node/7094
[3] http://www.techjournalsouth.com/news/article.html?item_id=3235
[4] http://www.forbes.com/business/feeds/afx/2007/06/01/afx3778852.html
[5] http://www.pharmalive.com/News/index.cfm?articleid=447391&categoryid=21
[6] http://www.reuters.com/article/health-SP/idUSN3124554720070531
[7] http://www.fiercebiotech.com/node/7100
[8] http://www.fiercebiotech.com/node/7099
[9] http://www.fiercebiotech.com/node/7098
[10] http://www.ajc.com/opinion/content/opinion/stories/2007/06/01/0601edtb.html