Armstrong Pharmaceuticals is advising customers to stockpile its Primatene Mist epinephrine MDI before the FDA ban on CFC formulations takes effect on December 31, 2011. The company says that it is "actively finalizing its internal development" of an HFA formulation but warns that there is likely to be a period of time after the ban goes into effect before the new … [Read more...] about Armstrong advises customers to stock up on Primatene Mist
Business
US sales of Cayston double
A small portion of Gilead's 11% increase in revenue for the second quarter of 2011 compared to the same quarter in 2010 is attributable to a 105% increase in the US sales of Cayston astreonam inhalation solution over that period. The company's revenues for the quarter totaled $2.14 billion. Sales of Cayston for the treatment of P. aeruginosa infections in cystic … [Read more...] about US sales of Cayston double
Aradigm gets additional funding from existing shareholders
Existing shareholders have agreed to purchase additional Aradigm Corporation common stock for a total of $4.75 million. The three shareholders will pay $0.19 per share for 25 million shares. The net proceeds for Aradigm after fees and expenses should be about $4.4 million. "We are very pleased for the support demonstrated by our shareholders in this private … [Read more...] about Aradigm gets additional funding from existing shareholders
Prosonix obtains additional financing
Particle engineering company Prosonix has secured £11.4M from a group of investors led by French venture company Ventech. Other investors involved in this round of financing include Entrepreneurs Fund, Quest for Growth, and Solon Ventures, all of which are already invested in Prosonix, plus new investor Gilde Healthcare Partners. The company plans to use the money … [Read more...] about Prosonix obtains additional financing
Gerresheimer doubling size of inhaler manufacturing facility
Gerresheimer will spend €12m to add approximately 5,000 sq. meters to the plastics production area at its manufacturing facility in Horsovsky Tyn, Czech Republic. The plant produces medical plastic devices, including insulin pens and inhalers. According to the company, an increase in demand for the products is leading it to double the size of the … [Read more...] about Gerresheimer doubling size of inhaler manufacturing facility
Pfizer reportedly retaining R&D at Sandwich site
According to news reports, Pfizer has reversed its position on the closure of its R&D facility at Sandwich, UK, saving 350 jobs. The company's inhalation R&D group has operated out of Sandwich and had been in limbo after the company announced in February that it would be closing the site. Annette Doherty, the new site director at Sandwich, commented: "Pfizer's … [Read more...] about Pfizer reportedly retaining R&D at Sandwich site
Pearl heading into new Phase 2 studies for COPD combination inhaler
Pearl Therapeutics is advancing its PT003 combination inhaler for COPD, and the products individual components, into a new series of Phase 2 trials in patients with moderate-to-severe COPD. The individual compounds are PT001, glycopyrrolate, and PT005, their formoterol fumarate. The Phase 2 studies include randomized, double-blind studies of PT001 compared to … [Read more...] about Pearl heading into new Phase 2 studies for COPD combination inhaler
Mystic Pharmaceuticals receives patent for intranasal drug packaging technology
The “Deep Draw Container Forming Method” developed by Mystic Pharmaceuticals for packaging of intranasal drugs for use with its VersiDoser and VRx2 intranasal delivery systems has been awarded US Patent No. 7,963,089. Both delivery systems use the proprietary unit dose blister packaging. The VersiDoser uses liquid-filled blisters, while the VRx2 reconstitutes freeze … [Read more...] about Mystic Pharmaceuticals receives patent for intranasal drug packaging technology
Generex reboots buccal insulin spray development program
After receiving written guidance from the FDA in late May, says Generex, it has revised its development program for its Oral-lyn buccal insulin spray. A reorganized medical/regulatory group within the company will focus its efforts on providing information requested by the agency regarding the product's "preclinical, clinical, toxicology, manufacturing, and regulatory … [Read more...] about Generex reboots buccal insulin spray development program
Pfizer puts Sandwich site up for sale
The UK site where Pfizer has performed inhalation R&D is now on the market as "Discovery Park." The company announced the closing of the site, which employed 2400 people, in February 2011. Although a representative said, "The name Discovery Park reflects our hope that the site will continue, in part at least, to be a centre for research and development," the sales … [Read more...] about Pfizer puts Sandwich site up for sale