Latest Headlines

Latest Headlines

Britain's BTG scoops up pulmonology outfit PneumRx for up to $475M

British healthcare group BTG is snatching up interventional pulmonology outfit PneumRx in a deal worth up to $475 million, getting its hands on the company's device for severe emphysema and diversifying its product offerings.

BTG wins FDA OK for varicose vein treatment, projects $500M peak

Ten years after BTG weathered a tempest as the FDA erected a barrier to its new treatment for varicose veins, the British biotech company has finally gained U.S. approval for its product and confidently predicts it can register peak sales of $500 million a year.

UPDATED: BTG unit gets FDA warning letter for Connecticut plant

In an earnings note today, BTG said its Biocompatibles unit had received an FDA warning letter sometime in the last three months for its plant in Oxford, CT. It said it had voluntarily halted production of brachytherapy products.

Nordion sells off drug unit for $200M, focuses on contracting

Nordion's constantly evolving business will soon be without proprietary pharma, as the company has agreed to ship out its targeted therapies business for $200 million.

BTG snaps up new technologies in $420M deal splurge

In a bid to join the billion-dollar sales club, the UK's BTG has snapped up a pair of operations with new delivery tech and a treatment for deep vein thrombosis for up to $420 million—most of that in cash. And it's selling a chunk of shares to help pay for it all.

AstraZeneca pulls the plug on sepsis drug after trial tanks

Add another failure in AstraZeneca's pipeline. The London-based drug giant and partner BTG have scrapped development of an experimental antibody for sepsis and septic shock after mid-stage study bombed, BTG announced today.

BTG wins FDA approval for new drug that fights toxicity

The U.K.'s BTG has won FDA approval for Voraxaze, a new treatment designed to lower methotrexate levels. Methotrexate is a commonly used chemo treatment. This new drug is expected to reap about $15

BTG buys rival for $242M

The UK's BTG has announced plans to acquire Biocompatibles for £177 million, or about $242 million. With the acquisition, BTG gains access to Biocompatibles' oncology products, which include

Onyx, BTG ink $320M licensing deal

In another pipeline-building move, California's Onyx Pharmaceuticals has shelled out $320 million for BTG's preclinical anticancer compound, BGC 945. BTG gets $13 million up front and could receive

Protherics buyout creates UK's biggest biotech

BTG is buying out Protherics for $388 million in a merger deal that will create the UK's biggest biotech company. In the all-stock buyout, Protherics' shareholders will receive 0.291 new BTG shares