> Merck said it would not relinquish its rights to a host of AstraZeneca drugs it markets for the British drug maker in the U.S., including blockbuster heartburn meds Nexium and Prilosec; AstraZeneca had offered to buy back the rights. Report [1]
> AstraZeneca officially asked the FDA to extend approval of its schizophrenia drug Seroquel to cover major depressive disorder as well; the company last month submitted apps for Seroquel use in bipolar disorder. Report [2]
> GlaxoSmithKline will recall its malaria drug Lapdap and halt development of another malaria treatment, after halting a clinical trial that showed both meds increased the risk of anemia. Release [3]
> The FDA gave the nod to AstraZeneca's acid reflux med Nexium for use in kids 1 to 11 years. Report [4]
> The FDA also approved Jazz Pharma's once-a-day version of Luvox, a treatment for social anxiety and obsessive compulsive disorder. Report [5]
> Looking to expand the market for its anti-insomnia pill ramelteon (otherwise known as Rozerem), Takeda Pharmaceutical applied for approval from Japanese regulators. Release [6]
> Generics maker Teva Pharmaceutical plans to appeal a court ruling that upheld a Procter & Gamble patent on the osteoporosis drug Actonel. Report
[7]
And Finally… Researchers have found a gene that can block the spread of HIV. Report [8]
Links:
[1] http://www.forbes.com/markets/2008/02/28/merck-astrazeneca-closer-markets-equity-cx_lal_0228markets36.html?feed=rss_market
[2] http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-23386598.htm
[3] http://www.gsk.com/media/pressreleases/2008/2008_pressrelease_0014.htm
[4] http://www.courant.com/news/health/ats-ap_health13feb28,0,2081195.story
[5] http://money.cnn.com/news/newsfeeds/articles/apwire/2cd45d6b148c41a87ad663233b8d99c9.htm
[6] http://www.takeda.com/press/article_29049.html
[7] http://www.forbes.com/afxnewslimited/feeds/afx/2008/02/29/afx4714389.html
[8] http://www.fiercebiotech.com/press-releases/gene-can-block-spread-hiv-discovered