> Allergan more than doubled first-quarter profits to $111 million as strong sales of its eye, skin, and nerve drugs offset lower domestic sales growth of its Botox cosmetic treatment. Report
> Shandong Lunan Pharmaceutical Group wrapped up construction of a new active ingredient plant focused on cephalosporin products, helping push China to the forefront of international 7-ADCA production volume. Report
> FDA asked ZymoGenetics to revise the press release on the launch of its first commercial product, saying that the announcement omitted important facts. Report
> FDA gave the nod to Eli Lilly's Strattera drug for maintenance treatment of ADHD in kids and adolescents. Report
> King Pharmaceuticals posted a year-over-year decline in first quarter revenues from $516 million to $432 million on generic competition for its blood pressure med Altace. Release
> Bentley Pharmaceuticals boosted first-quarter sales by 27 percent to $40 million, with net income of $1.1 million, or 5 cents per share. Release
> Celgene grew revenues by 57 percent in the first quarter, to $461 million, on a 96 percent hike in sales of its Revlimid cancer drug. Release
> Mylan got final FDA approval for its copycat form of the restless legs drug Requip, made by GlaxoSmithKline. Report
> IDM Pharma reported a net loss of $12.1 million on $2.4 million in first-quarter revenues. Report
> Enzon Pharmaceuticals has decided to spin off its biotech operations into a new company, adopting a suggestion floated by none other than Carl Icahn. Enzon report
> Wilex and GPC Biotech are preparing to merge, according to a prominent German newspaper. Report
> Novartis execs are discussing the company's plans in China. China report
And Finally... The first $271 million in facilities grant is just about ready to be doled out by the California stem cell institute. It will trigger more than three-quarters of a billion dollars worth of new construction for the laboratories that are being designed to develop stem cell therapies. Report