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GlaxoSmithKline has scaled back its development agreement for the gastrointestinal drug Entereg. (GSK)

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  • Introgen Therapeutics Inc.’s stock plummeted Tuesday after the company announced that the U.S. Food and Drug Administration has refused to accept its application to begin marketing its flagship cancer drug.

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  • Histogenics raises $9 million

    Cartilage regeneration company Histogenics Corp. has raised $9 million in a second round of venture financing that will help fuel clinical trials for its signature products.

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  • The Burnham Institute for Medical Research has been awarded a six-year, $97.9 million grant from the National Institutes of Health.

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  • Vanderbilt University Medical Center diabetes researchers have launched a study examining whether a commonly prescribed blood pressure medication for treating high might help prevent or delay the onset of Type 2 diabetes.

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  • Oncothyroen Inc. said it plans to sell 5.1 million shares of its stock in an effort to raise approximately $12 million. (ONTY)

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  • The University of New Mexico has been selected by the National Institutes of Health as one of only nine national molecular discovery centers in the U.S., and awarded a six-year, $15.5 million grant.

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  • Novacea Inc. of South San Francisco and privately held Transcept Pharmaceuticals Inc. of Richmond will merge, blending a company with a recently failed Big Pharma collaboration with one on the verge of seeking FDA approval for its first drug. (NOVC) (SGP) (SNY) (HTGC) (DNA)

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  • Scientists at the Cardiovascular Innovation Institute and Louisville bioservices company SCR Inc. have received a $1.4 million federal grant to help develop and bring to market a new device to treat congestive heart failure.

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  • Group acquires Ivax Diagnostics

    Ivax Diagnostics announced Tuesday that a group, controlled by entrepreneurs Paul Kennedy and Patrice Debregeas, purchased all of the nearly 72 percent of the outstanding shares of Ivax Diagnostics from Teva Pharmaceutical Industries Ltd. for $14 million, or 70 cents a share.

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