Daiichi Sankyo nabs 52.5% of Ranbaxy; J&J cutting 154 Belgian plant jobs

> Daiichi Sankyo has wrapped up a 52.5 percent stake in India's Ranbaxy Laboratories, making Ranbaxy a subsidiary of the Japanese firm. Release l Report

> Some much-needed good news for the UK: MedImmune has opened a new biologics R&D facility in Cambridge that it says will boost the number of candidate drugs that it can develop each year. Report

> Johnson & Johnson will scrap 154 positions at its Belgian subsidiary, Janssen Pharmaceutica, following a reorganization of its pharmaceutical production; the company expects to move staffers to other positions within the company. Report

> With help from Aisling Capital, L Capital Partners and Pappas Ventures, CeNeRx BioPharma raised $15 million in a second round of financing. The company is developing and commercializing treatments for diseases of the central nervous system. Report

> Desperate to regain its edge in the cholesterol market, Merck is adding another 5,000 patients to a key clinical trial for its Cordaptive drug in hopes obtaining regulatory approval as soon as possible. Report

> Novo Nordisk has released more data on its much-watched diabetes drug liraglutide. In a head-to-head trial against exenatide (Byetta), liraglutide, a human GLP-1 analog, was more effective at improving blood glucose control than Byetta. Report

> Cadila Healthcare got the FDA nod to market Risperidone tablets in six strengths, becoming the latest generics maker to compete with Johnson & Johnson's branded antipsychotic drug Risperdal. Report

> Synthetic biology--a relatively new field which joins biology and engineering to create or change life forms--is catching the attention of venture capitalists looking for the next big thing. Report

> The Chinese manufacturer of a ginseng injection that killed three people has recalled all its injection products, the country's drug safety watchdog said Saturday. Report

> Schering-Plough tapped Raul E. Kohan to take over its animal health unit from Ruurd Stolp. Report

Emerging Drug Developer: Intradigm

And Finally... Adding corticosteroids to traditional antimicrobial therapy might help people with pneumonia recover more quickly than with antibiotics alone. Report

Suggested Articles

Hengrui's Sun Piaoyang is stepping down as chairman, but he'll retain control of the pharma major he's headed for 30 years—and made a fortune…

Astellas tapped Adaptimmune to develop T-cell therapies. Ireland hit Takeda with an unexpected Shire tax bill. PD-1 med Tyvyt hit its goal in NSCLC.

AbbVie and Allergan's merger may create the fourth-largest drugmaker in the world, but it could also create opportunities for other drugmakers.