> NitroMed is raising more than $58 million through the sale of 6.1 million shares in order to launch its first product. Report
> PharmaGap has released the first animal efficacy data for its novel lead drug compound, PhGalpha1, a selective inhibitor of Protein Kinase C-alpha. Release
> NexMed of Robbinsville, NJ, has raised more than $8 million through the sale of securities. Release
> Akzo Nobel's chemicals subsidiary is closing a facility in The Netherlands and laying off 300 workers. Report
> Shares of Cozart surged after the medical diagnostics company announced a new deal with Philips Electronics to develop a new biosensor system. Report
And Finally… Writing in the Journal of the American Medical Association, a group of doctors maintains that the flow of freebies from drug companies and medical device makers undermines medical care in the United States. Article