The inevitable has happened for Bayer's fast-selling anticoagulant blockbuster, Xarelto. Someone in the U.S. has filed a lawsuit over its safety concerns. In fact, a number of lawsuits have been filed, according to reports in a German newspaper.
Bayer's pharma division has a new president with a big task ahead of him. A week after the company announced its current leader, Andreas Fibig, would jump ship, Bayer says it's chosen an Otsuka Pharmaceutical executive to take the post.
Marijn Dekkers has set his own expiration date as Bayer CEO. The German conglomerate said Dekkers would leave at the end of 2016, giving him 7 years in the top slot. It's the latest in a series of executive moves at Bayer, whose HealthCare division has been outperforming the rest of the company.
Iran has big plans for its own drug industry, and a domestic company has started commercial production of veterinary drugs at a plant that will eventually make human treatments as well.
Bayer is beefing up its cancer drug pipeline again. The German pharma company has bought in to an androgen receptor inhibitor therapy being developed at Finland's Orion, paying €50 million in an upfront payment and committing itself to a slate of unspecified milestones.
In this week's EuroBiotech Report, Bayer became the most recent biopharma to tap Dutch biotech arGEN-X for its llama-based antibody discovery platform; Eli Lilly made its first-ever investment in a British venture fund; and British biotech Oxford BioMedica hopes to raise £25.7 million to finance its gene therapy pipeline. And more.
The Netherlands' arGEN-X has paired up with Bayer, agreeing to share its proprietary antibody technology with the drug giant to fuel some early-stage R&D.
Bayer and Boehringer Ingelheim outlined plans to increase access to their clinical trial data.
The company announced on May 15 that it is acquiring Bayer AG's interventional division for $415 million to bulk up on devices for the treatment of peripheral vascular disease.
It turns out that Boehringer Ingelheim's popular anticoagulant Pradaxa is safer than many people think. That is the finding of the FDA after taking another look at the side effects of the drug compared to the old standard warfarin and this time looking at a much larger and older patient base.