Business

A joint venture of Cipla, Cooper Pharma, and the Pharmaceutical Institute has constructed a new metered dose inhaler manufacturing plant in a suburb of Rabat, Morocco that opened officially as of October 14, 2018. The $6.4 million plant is situated on a 4,000 sq m site and has a capacity of 1.5 million MDIs per year. Eleven of the 15 different SKUs of MDIs … [Read more...] about New MDI manufacturing facility opened in Morocco

Seurat Therapeutics, a start-up biotech based at the University of Chicago, has received a grant of almost $510,000 from the National Institute of Neurological Disorders and Stroke for development of its intranasal IGF-1 for the treatment and prevention of migraines, the company said. In 2016, Seurat, then called Cephalgia, received $250,000 from the University of … [Read more...] about Seurat Therapeutics gets $510,000 grant for development of intranasal migraine therapy

According to Medical Developments International (MVP), Daiichi Sankyo will pay up to $32.5 million for the rights to distribute MVP's Penthrox methoxyflurane inhaler in China, Vietnam, and Thailand. The deal includes $15 million up front plus sales milestones. MVP will pay up to $10 million toward acquiring marketing approval in China, will own the drug import … [Read more...] about Daiichi Sankyo to distribute Penthrox methoxyflurane inhaler in China

United Therapeutics will pay Samumed $10 million up front and up to $340 million in milestones, plus royalties, for North American rights to Samumed's SM04646, a Wnt signaling pathway inhibitor that in in Phase 1 development for the treatment of idiopathic pulmonary fibrosis (IPF). A United Therapeutics subsidiary, Lung Biotechnology PBC, will take over and pay … [Read more...] about United Therapeutics licenses inhaled IPF drug from Samumed

DPI developer TFF Pharmaceuticals has received a communication from the European Patent Office (EPO) in regards to its patent application No. 08771657.7 “Formation of Stable Submicron Peptide or Protein Particles by Thin Film Freezing,” giving notice of the EPO's intention to grant a patent. TFF Pharmaceuticals CEO Glenn Mattes commented, “We are very pleased to … [Read more...] about TFF Pharmaceuticals gets European patent for particle technology

Dance Biopharm announced that the company completed a private equity financing round that raised $24.5 million that included participation by Molex Ventures, an electronics company that is involved in development of the Dance 501 connected soft mist inhaler for delivery of insulin. In December 2017, Dance announced that it had partnered with Phillips-Medisize for … [Read more...] about Dance Biopharm raises $24.5 million for continued development of inhaled insulin

VistaGen Therapeutics has acquired exclusive global rights to PH94B aloradine nasal spray, which Pherin Pharmaceuticals has been developing for the treatment of social anxiety disorder (SAD), the company said. A Phase 3 study of PH94B for SAD is planned for the first half of 2019. Pherin received $2.25 million of unregistered common stock from VistaGen for the … [Read more...] about VistaGen licenses nasal spray for the treatment of social anxiety disorder

Mylan said that the company is paying approximately $463 million to Novartis for worldwide rights to TOBI Podhaler tobramycin DPI and TOBI tobramycin inhalation solution. Approximately $240 million of that amount will be paid in 2018. The company said that its acquisition of the products, which are approved in a number of countries for the treatment of P. … [Read more...] about Mylan acquires TOBI products from Novartis

Vectura has announced that revenues from inhaled drugs rose 7.1% in the first half of 2018, with Flutiform revenues up 3.1% compared to the first half of 2017 and up 6.1% compared to the second half of 2017. Total revenue for the six months was up 1.4%. The company also said that results from Phase 2 studies of VR647 nebulized budesonide inhalation suspension … [Read more...] about Vectura inhaled product revenues up more than 7% in first half of 2018