> Gentiae Clinical Research has gained $16 million in venture funds. The round was led by Bay City Capital. Report
> Alexion appears to have killed the development program for the anti-inflammatory pexelizumab due to discouraging Phase III data. Alexion had already released the data. Report
> Gentium has agreed to acquire the Italian marketing authorizations for Defibrotide and related trademarks, as well as certain other related assets, from Crinos S.p.A. for EUR 16 million in cash and other considerations. Release
> The FDA has approved the expanded use of Lilly's Byetta. Report
> Aerovance has announced positive top-line results from a Phase IIa trial of inhaled Aerovant in asthma patients. Release
> Tripos is selling its Discovery Research business in the U.K. to Provid Pharmaceuticals for $2 million. Report
And Finally... New research indicates that a moderate amount of alcohol can reduce the risk of heart attacks among men with high blood pressure. Article