Business

Generex has received a patent from the Canadian Intellectual Property Office for its aerosol drug delivery platform, its 162nd patent for the technology. Although the company announcement emphasizes its buccal delivery platform, the patent is… Read more . . .

The board of Cypress Bioscience has agreed to be acquired by investment companies Ramius and Royalty Pharma for $6.50 per share, a total value of more than $250 million. In August 2010, Cypress acquired two… Read more . . .

CRO Aptuit is planning to close two facilities where it conducts early stage development work on inhalation products. According to a spokesperson, all work currently in progress at the Livingston and Riccarton sites, both in… Read more . . .

Daiichi Sankyo subsidiary Luitpold Pharmaceuticals has acquired Roxro Pharma, which specializes in intranasal delivery of analgesics. Roxro’s lead product is Sprix ketorolac tromethamine nasal spray for short-term pain management. Sprix received FDA approval in May… Read more . . .

According to a study by Decision Resources, primary care physicians prefer Boehringer Ingelheim’s Spiriva to other first-line COPD treatments, with 44% surveyed saying they would increase their use of the drug in the next few… Read more . . .

Richmond, Virginia biopharmaceutical company Insmed Incorporated has announced a "business combination" with Transave, making Transave a wholly-owned subsidiary. The company also announced plans for Phase 3 trials of Arikace inhalation solution for the treatment of… Read more . . .

University of Michigan spin-off NanoBio Corporation has received its second grant for vaccine development from the Bill and Melinda Gates Foundation. The new $6 million grant is for development of an intranasal vaccine for respiratory… Read more . . .

GlaxoSmithKline has increased its share of Theravance, with which it is developing Relovair fluticasone/vilanterol COPD product, to approximately 19%. In addition, GSK is crediting a UK "patent box" proposal to encourage R&D investments with in… Read more . . .