> Eli Lilly said a U.S. district court granted its request to temporarily stop generic drug maker Teva Pharmaceutical Industries from launching a version of the osteoporosis drug Evista. Report [1]
> The U.S. patent office granted a five-year extension for the Merz Pharma patent covering Forest Laboratories' Alzheimer's remedy Namenda, giving Forest ammo for its patent fight against several generics makers seeking to copy the drug. Release [2]
> As merger mania plays out among the pharmaceutical giants, a different sort of financial frenzy has seized some small, struggling drug makers. Investors are demanding that stragglers close up shop and hand over any remaining cash. Report [3]
> Watson Pharmaceuticals has settled a patent fight with Elan over Watson's generic version of Naprelan (naproxen sodium) tablets. Report [4]
> Scientists have discovered that an old antimalaria drug is effective against two fatal viruses that recently jumped from animals to humans. Report [5]
> Roche and Evotec have signed a potential $300 million deal to develop EVT 101, a drug being tested for treatment-resistant depression. EVT-101 was discovered by Roche and developed by Evotec from discovery to the clinic. Roche report [6]
> Inhalable indulin company MannKind has agreed to purchase Pfizer's Frankfurt-based insulin facility for $33 million. Report [7]
> Human Genome Sciences' experimental hepatitis C drug Albuferon met its primary endpoint of non-inferiority to Pegasys in a Phase III trial. HGS release [8]
> Victory Pharma and Surface Logix have raised $45 million and $20 million respectively. Report [9]
> Japanese drugmaker Takeda Pharmaceuticals saw its shares plunge amid concerns that the company's diabetes drug candidate, alogliptin, faces regulatory delays. Takeda report [10]
> A startup company looking to sell reagents and tools to stem cell researchers hauled in $14 million in Series A cash on the same day the field got a big boost from Uncle Sam. Report [11]
> By many measures, the $3 billion California stem cell agency is a remarkable success. Today the agency is a benchmark for stem cell research and is creating alliances as if it were a nation state, drawing in Australia, Canada, the United Kingdom and Spain. But it now confronts a looming cash crisis as the result of the $42 billion budget shortfall in the Golden State. Article [12]
And Finally... Women using depot medroxyprogesterone acetate (DMPA), a birth control shot sold by Pfizer under the name Depo-Provera, gained an average of 11 pounds and increased their body fat by 3.4 percent over three years. Release [13]
Links:
[1] http://www.cnbc.com/id/29612096/for/cnbc/
[2] http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/03-10-2009/0004985627&EDATE=
[3] http://dealbook.blogs.nytimes.com/2009/03/10/drug-investors-lose-patience/
[4] http://www.ag-ip-news.com/GetArticle.asp?Art_ID=6888
[5] http://www.nytimes.com/2009/03/10/health/10glob.html?_r=1&ref=health
[6] http://www.fiercebiotech.com/story/roche-evotec-sign-300m-development-deal/2009-03-09
[7] http://www.fiercebiotech.com/story/mannkind-buys-pfizer-insulin-plant-33m/2009-03-09
[8] http://www.fiercebiotech.com/story/hgs-unveils-positive-hep-c-data/2009-03-09
[9] http://www.fiercebiotech.com/story/victory-pharma-secures-45m-financing/2009-03-09
[10] http://www.fiercebiotech.com/story/takeda-down-13-percent-drug-delay-concerns/2009-03-09
[11] http://www.fiercebioresearcher.com/story/stem-cell-lab-supplier-hauls-14m/2009-03-10
[12] http://www.fiercebioresearcher.com/story/californias-stem-cell-agency-running-out-cash/2009-03-09
[13] http://www.fiercebiotech.com/press-releases/study-finds-injectable-birth-control-causes-significant-weight-gain-and-changes-body-