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ALSO NOTED: Caraco gets FDA nod for GSK seizure drug; Mylan prices offering of stock;

By admin
Created Nov 14 2007 - 7:59am

> Caraco Pharmaceutical got tentative FDA approval for its copycat form of GlaxoSmithKline's Lamictal, a remedy for seizures and bipolar episodes that sold some $1.89 billion in the 12 months ended Sept. 30. Release [1]

> Mylan announced that it has priced its new offering of preferred stock at $1,000 per share and common stock at $14 per share; the company intends to sell 1.86 million shares of the former and 53.5 million of the latter. Release [2]

> Lundbeck reported a 37 percent boost in third-quarter profits to about $170 million, excluding the one-time payment from Takeda Pharmaceutical on the commencement of their co-development deal. Release [3]

> Orion is suing Sun Pharmaceuticals to protect its patent on Stalevo, a treatment for Parkinson's Disease. Report [4]

> OraSure Technologies, which makes diagnostics for HIV and drug use, announced it has settled a patent infringement suit against Schering-Plough. Release [5]

> A recent trial run by BioCryst was negatively impacted by short needles and fat arms. Report [6]

> Sanofi Pasteur is buying into Acambis' program for a novel West Nile vaccine. Report [7]

> Synta Pharmaceuticals' new, $1 billion pact with GlaxoSmithKline for the cancer drug elesclomol (code named STA-4783) is expected to open a spigot of cash for the drug developer. Report [8]

> Nektar Therapeutics got a consolation prize of $135 million from Pfizer--and a fresh shot at signing a new partner--to calm any upset feelings about Pfizer's abandonment of Exubera. Report [9]

And Finally... Book 'em, Danno. A Wyeth sales rep was arrested yesterday for allegedly stealing drug samples and reselling them to pharmacies at a discount. Report [10]


Source URL:
http://www.fiercepharma.com/story/also-noted-caraco-gets-fda-nod-gsk-seizure-drug-mylan-prices-offering-stock/2007-11-14