Business

Avanir Pharmaceuticals, which just received a complete response letter from the FDA for its AVP-825 intranasal sumatriptan powder, has announced that it will be acquired by Otsuka Pharmaceutical for approximately $3.5 billion. Avanir will become an independent subsidiary of Otsuka America. Otsuka Pharmaceutical President and Representative Director Taro Iwamoto … [Read more...] about Otsuka Pharmaceuticals to acquire Avanir

Endo International has acquired exclusive US and Mexican rights to Trimel BioPharma's Natesto testosterone nasal gel, which was approved by the the FDA in May 2014 as a replacement treatment for men with low levels of endogenous testosterone. Endo is paying $25 million up front plus potential milestone payments. In addition, Endo will manufacture and supply the … [Read more...] about Endo acquires rights to Trimel’s intranasal testosterone

GSK Australia has announced that it plans to invest AUD31 million in blow-fill-seal equipment for the manufacture of Venolin salbutamol nebules at its facility in Boronia, a suburb of Melbourne. The company cited increasing demand for asthma treatments from Turkey, Brazil, and China as the reason for the retrofit. The Boronia site is GSK's largest liquid product … [Read more...] about GSK Australia to add Ventolin nebules production capacity

As AstraZeneca completes the acquisition of Almirall's respiratory drug franchise, which was first announced in July 2014, Almirall says that 719 employees will transfer to AstraZeneca. The deal includes the inhalation R&D company Almirall Sofotec as well as a number of inhalers, including the Eklira/Bretaris/Tudorza aclidinium DPI, the Duaklir Genuair … [Read more...] about Over 700 employees transfered from Almirall to AstraZeneca as part of respiratory drug deal

Impax Laboratories has reported a 19.1% increase in total revenues for the quarter ended September 30, 2014 compared to the third quarter of the prior year. The company attributes a portion of the increase in revenues to a 54% increase in sales of Zomig zolmitriptan nasal spray, which it markets in the US for the treatment of migraine. Impax acquired the rights to … [Read more...] about Sales of Zomig nasal spray increase 54%

Bristol-Myers Squibb could pay a total of up to $444 million to acquire Galecto Biotech and its TD139 inhaled galectin-3 inhibitor for the treatment of idiopathic pulmonary fibrosis (IPF), plus potential milestones. The newly announced deal includes an option to acquire the company that must be exercised no later than 60 days after completion of a Phase 1b trial of … [Read more...] about BMS makes deal for inhaled galectin-3 inhibitor for idiopathic pulmonary fibrosis

Grupo Ferrer Internacional, which markets Alexza Pharmaceuticals' Adasuve inhaled loxapine in the EU, Latin America, and the CIS countries, will acquire 2 million shares of Alexza common stock at $4 per share, the companies have announced. The amendment to the two companies' agreement on Adasuve will make Ferrer the largest shareholder in Alexza and includes … [Read more...] about Ferrer to become Alexza Pharmaceuticals’ largest shareholder

Ferring Pharmaceuticals has announced that it has reacquired desmopressin acetate (DDAVP), which is approved as a nasal spray and a number of other formulations, from Sanofi. Ferring originally developed desmopressin, which is a synthetic form of vasopressin and is used to reduce frequent urination among other conditions. In 2007, the FDA announced that the … [Read more...] about Ferring reacquires rights to desmopressin nasal spray