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The Biotechnology Industry
Allergan Inc. Announces Positive Top-Line Results from Phase III BOTOX Headache Program PDF Print E-mail
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Companies - Biotechnology Companies
Written by Allergan   

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Saturday, 13 September 2008 14:17

Irvine, CA, September 12, 2008: Allergan, Inc. [NYSE:AGN] today announced that it has completed a top-line analysis of its two Phase III clinical trials exploring the use of BOTOX® (botulinum toxin type A) for the prophylactic treatment of headache in adults suffering from chronic migraine – i.e., headaches and/or migraines that occur on 15 or more days each month.

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Osmetech Plc Announces Initial Public Offering of American Depositary Shares PDF Print E-mail
Companies - Biotechnology Companies
Written by Osmetech plc   

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Saturday, 13 September 2008 14:12

Pasadena, CA, September 12, 2008: Osmetech plc, a molecular diagnostics company, (proposed NASDAQ Global Market Symbol: OSMH) today announced that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of 5,500,000 American Depositary Shares (“ADSs”) (representing 192,500,000 ordinary shares) and listing of such ADSs on the NASDAQ Global Market through a Level III American Depositary Receipt program. The Company’s ordinary shares are currently admitted to trading on the AIM Market of the London Stock Exchange plc (the “AIM Market”) under the ticker symbol “OMH.”

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CV Therapeutics, Inc. Announces License Agreement for Ranexa in Europe PDF Print E-mail
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Companies - Biotechnology Companies
Written by CV Therapeutics   

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Saturday, 13 September 2008 13:52

Palo Alto, CA, September 12, 2008: CV Therapeutics, Inc. [NASDAQ:CVTX] announced today that it has entered into an agreement granting exclusive rights to Ranexa® (ranolazine prolonged release tablets) in Europe and other countries to the Menarini Group. Menarini, with its significant pan-European presence, makes the most physician calls for cardiovascular products and has the fourth largest pharmaceutical sales team for delivering medical information to physicians in Europe.

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Ariad Pharmaceuticals, Inc. Announces Merger with ARIAD Gene Therapeutics, Inc. PDF Print E-mail
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Companies - Biotechnology Companies
Written by Ariad Pharmaceuticals   

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Saturday, 13 September 2008 13:45

Cambridge, MA, September 12, 2008: ARIAD Pharmaceuticals, Inc. [NASDAQ:ARIA] today announced that its Board of Directors has approved a transaction to merge ARIAD Gene Therapeutics, Inc. (AGTI), an 80 percent-owned subsidiary of ARIAD, with and into ARIAD. The transaction was approved by the unanimous vote of ARIAD’s independent and disinterested Board members, and is effective today. As stockholders of AGTI, Harvey J. Berger, M.D., ARIAD’s chairman and chief executive officer, and Jay R. LaMarche, a member of the ARIAD Board, are not independent and disinterested with regard to this transaction and, therefore, abstained from the vote.

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Biodel Inc. Diabetes Drug VIAject Meets Goals PDF Print E-mail
Companies - Biotechnology Companies
Written by Biodel Inc.   

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Saturday, 13 September 2008 11:00

Danbury CT, September 8, 2008: At the 44th Annual Meeting of the European Association for the Study of Diabetes (EASD) in Rome, Biodel Inc. [NASDAQ:BIOD] today reported results from its two pivotal Phase III clinical trials designed to compare the efficacy and safety of VIAject™ to Humulin® R, a regular human insulin (RHI), in the treatment of patients with Type 1 and Type 2 diabetes. The primary objective of the trials was to determine if VIAject is non- inferior to RHI in the management of blood glucose levels, as measured by the mean change in patients’ glycosylated hemoglobin, or HbA1c, levels from baseline. HbA1c is a measure of average blood glucose level and an indication of how well patients are controlling their blood glucose. Based on the initial analyses, both clinical trials met the primary endpoint of non-inferior mean change in HbA1c over six months of treatment.

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