News

Rigel stock sinks as AZ returns RA drug

Shares in Rigel dropped nearly 20% yesterday in the aftermath of AstraZeneca’s decision not to file its rheumatoid arthritis drug fostamatinib.

STI rates reach half a million in England

A new report shows that rates of sexually transmitted diseases reached nearly 500,000 last year as the UK government urges younger people to have safer sex.

US court places hold on Royalty’s move on Elan

The spat between Elan and Royalty Pharma has taken another turn after the Irish drugmaker won a temporary restraining order against the US-based investment firm, which is pulling out all the stops to acquire it.

US House passes pharma “track and trace” bill

The US House of Representatives has approved legislation to establish a nationwide “track and trace”  system throughout the pharmaceutical supply chain, and its supporters say they hope to have a final bill, reconciled with the Senate version, on President Barack Obama’s desk by the August recess.

Agency to keep closer eye on diagnostics: FDA chief

The US Food and Drug Administration is planning to tighten its scrutiny of companion diagnostics, the agency’s Commissioner Margaret Hamburg has told the assembled throng at the American Society of Clinical Oncology meeting in Chicago.

Bayer completes $1.1bn Conceptus buy

Bayer has been successful in its quest for US birth control specialist Conceptus, completing its tender off with a majority interest of 96.4%.

Campaign to prove value of cancer innovation kicks off

Setting an ambitious goal of “a world free from cancer by 2050”, an initiative has been launched in the USA which calls for more patient-centered innovation and an appreciation of the economic benefits new drugs bring.

Fewer US firms planning to offer retirees Rx plans, survey shows

A new study reveals a sharp drop in the percentage of US employers that intend to continue offering prescription drug plans to people who are eligible for the federal Medicare health programme – ie, seniors and some people with disabilities.

A&E waiting times “at nine-year high”

Nearly 6% of patients were waiting four hours or longer in A&D departments during the final quarter of 2012-13, which is the highest level since 2004, The King’s Fund has reported.

Boehringer NSCLC drug impresses at ASCO

New late-stage data on Boehringer Ingelheim’s lung cancer drug nintedanib and its benefit to overall survival in some patients has caused a stir at the American Society of Clinical Oncology meeting in Chicago.

GSK taps MorphoSys for rheumatoid arthritis candidate

GlaxoSmithKline has signed a licensing agreement worth up to €445.5 million euros ($577 million) for global rights to an experimental rheumatoid arthritis drug developed by German antibody specialist MorphoSys.