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Weblog met nieuws over de pharmaceutische industrie

Archive for October, 2008

Dyax lines up $50M in financing

Dyax Corp. has secured $50 million in financing, shoring up cash options as the company gears up for potential regulatory approval of its lead drug.

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  • Mylan 3Q profits rise

    Mylan Inc. reported Thursday that its third-quarter earnings were up, buoyed by the sale of the rights to blood pressure drug Bystolic. (MYL)

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  • Redwood City’s Genelabs Technologies Inc. has agreed to be bought by GlaxoSmithKline for about $57 million. (GSK) (GNLB)

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  • Unisys loss widens

    Unisys Corp. posted an even larger loss in the third quarter than in the third quarter a year ago, despite the fact that analysts were expecting it to turn a profit. (UIS)

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  • GlaxoSmithKline entered into a definitive agreement Thursday to buy Genelabs Technologies Inc. for $57 million. (GSK) (GNLB)

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  • GlaxoSmithKline will purchase Genelabs Technologies Inc. for about $57 million, or $1.30 per share, the companies said late Wednesday. (GSK) (GNLB) (GILD)

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  • Irish investor ups ACT stake

    Advanced Cell Technology Inc. said Thursday an Irish investor has upped its funding commitment to the company by $500,000.

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  • The F. Dohmen Co. Foundation has announced donations totaling $750,000 to the University of Wisconsin-Madison and the Wisconsin Historical Society.

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  • GlaxoSmithKline, on a quest to strengthen its drug pipeline, on Thursday announced its fourth significant acquisition this month – a $57 million purchase of Redwood City, Calif.-based Genelabs Technologies. (GSK)

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  • Alnara Pharmaceuticals Inc. has landed $20 million in a first round of venture capital financing to accelerate development of new treatments for metabolic and inflammatory diseases.

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