> Merck donated an investigational malaria drug to the Medicines for Malaria Venture for use in the developing world; under the agreement, MMV gets an exclusive, royalty-free license to develop the experimental med in malaria-endemic countries. Release [1]
> AstraZeneca cut 120 jobs in Germany, or about 9 percent of its workforce of 1,300 there; the layoffs are part of AstraZeneca's previously announced job cuts. Report [2]
> Medtronic said the number of deaths in which its fractured defibrillator wires may have been a "possible or likely contributing factor" has risen to 13. Report [3]
> Drugmaker Warner Chilcott said the FDA will not delay rulings on two generic versions of the antibiotic Doryx. Report [4]
> Abbott Laboratories accused rival Mylan Inc. of infringing two U.S. patents for the AIDS drug Kaletra. Report [5]
> Teva Pharmaceutical Indusries won FDA approval for its version of the Medicis acne treatment Solodyn; the company has already started shipping the copycat meds despite ongoing patent litigation. Release [6]
> Johnson & Johnson said it's going to test its Nevo stent against Abbott's popular Xience stent in a 2,000 patient, head-to-head trial. Report [7]
> Federal health officials say a Johnson & Johnson drug helps prevent deadly blood clots in patients getting hip or knee replacement, but it also carries a risk of serious internal bleeding. Report [8]
> Galashiels, Scotland-based ProStrakan said 2008 had been an "excellent year" for the company with product sales rising 32 percent and total revenue up 23 percent. Report [9]
> Shares of Bayer AG were badly dented this morning after the FDA released staffers' critical remarks on Xarelto, a blood clot drug that will be reviewed by an expert committee on Thursday. Report [10]
> Facing the need to raise new operating capital, Seattle-based Cell Therapeutics has hired on a financial adviser to counsel the company on its strategic alternatives. Report [11]
> MannKind is determined to push into the commercial market for inhaled insulin--an ambitious move that Pfizer has already tried and failed [12]. Report [13]
> Shares of Switzerland's Cytos Biotechnology tanked after the developer said its high blood pressure vaccine failed a mid-stage trial. Cytos now says it will hand out pink slips to 42 percent of its work force--eliminating 57 jobs. The company's shares slid 33.5 percent on the news. Report [14]
> With its R&D expenses shooting up and its lead program in clinical trials, South San Francisco-based Poniard Pharmaceuticals was handed a going-concern warning by its auditors. Poniard lost about $14 million in the fourth quarter, but says it has enough cash to fund operations at least into the first quarter of 2010. Report [15]
> Roche has several big challenges waiting for it at Genentech. One example: Its $47 billion takeover of the biotech giant will make many of the California biotech's scientists rich. Very, very rich. Report [16]
And Finally... Researchers have identified a master switch that might prevent cancer cells from metastasizing from a primary tumor to other organs. Release [17]
Links:
[1] http://www.fiercebiotech.com/press-releases/merck-co-inc-donates-antimalarial-candidate-medicines-malaria-venture-use-developing-
[2] http://www.iguanabio.com/astrazeneca-next-round-of-employees-shown-the-exit/
[3] http://online.wsj.com/article/SB123697437188922919.html
[4] http://finance.yahoo.com/news/Warner-Chilcott-denied-stay-apf-14674170.html
[5] http://www.chicagotribune.com/business/chi-tue-brf1-abbott-mar17,0,1573016.story?track=rss
[6] http://www.fiercebiotech.com/press-releases/teva-announces-approval-and-launch-generic-solodyn-extended-release-tablets
[7] http://blogs.wsj.com/health/2009/03/16/jj-to-go-up-against-abbott-in-stent-trial/
[8] http://www.chicagotribune.com/business/sns-ap-fda-review-jj-drug,0,7116102.story
[9] http://news.bbc.co.uk/2/hi/uk_news/scotland/south_of_scotland/7950117.stm
[10] http://www.fiercebiotech.com/story/bayer-shares-sink-fda-staffs-xarelto-review/2009-03-17
[11] http://www.fiercebiotech.com/story/cash-hungry-cell-therapeutics-starts-strategic-review/2009-03-17
[12] http://www.fiercepharma.com/story/pfizer-kills-exubera-hunts-deals/2007-10-18
[13] http://www.fiercebiotech.com/story/mannkind-seeks-fda-approval-inhaled-insulin/2009-03-17
[14] http://www.fiercebiotech.com/story/cytos-slashes-staff-after-vaccine-fails-key-trial/2009-03-17
[15] http://www.fiercebiotech.com/story/poniard-slapped-going-concern-warning/2009-03-17
[16] http://www.fiercebiotech.com/story/genentechs-newly-rich-scientists-could-pose-challenge/2009-03-17
[17] http://www.fiercebiotech.com/press-releases/master-molecular-switch-may-prevent-spread-cancer-cells-distant-sites-body