Business

Lightlake Therapeutics has agreed to license its intranasal naloxone for opioid overdose reversal to Adapt Pharma for possible development and sales milestones of more than $55 million, plus royalties, the company said. Lightlake recently announced that it started a new trial of the product with funding from the National Institute on Drug Abuse (NIDA). According to … [Read more...] about Adapt Pharma to develop Lightlake’s intranasal naloxone for opioid overdose reversal

Cystic Fibrosis Foundation Therapeutics (CFFT), a nonprofit associated with the Cystic Fibrosis Foundation, has announced that it will provide Shire with up to $15 million for development of an aerosol messenger RNA therapy designed to produce working CFTR protein in the lungs of CF patients. Gene mutations in CF patients disrupt normal CFTR protein production, … [Read more...] about Shire gets $15 million from CFFT for development of aerosolized mRNA therapy

Pfizer has launched Novartis’ Ultibro Breezhaler indacaterol/glycopyrronium DPI for the treatment of COPD in the UK, the company said. Ultibro Breezhaler was approved in Europe in September 2013. In September 2014, Pfizer announced that it had entered into an agreement with Novartis to market both Ultibro Breezhaler and the Seebri Breezhaler glycopyrronium DPI in … [Read more...] about Pfizer launches Ultibro Breezhaler in the UK

Avanir Pharmaceuticals, which just received a complete response letter from the FDA for its AVP-825 intranasal sumatriptan powder, has announced that it will be acquired by Otsuka Pharmaceutical for approximately $3.5 billion. Avanir will become an independent subsidiary of Otsuka America. Otsuka Pharmaceutical President and Representative Director Taro Iwamoto … [Read more...] about Otsuka Pharmaceuticals to acquire Avanir

Endo International has acquired exclusive US and Mexican rights to Trimel BioPharma's Natesto testosterone nasal gel, which was approved by the the FDA in May 2014 as a replacement treatment for men with low levels of endogenous testosterone. Endo is paying $25 million up front plus potential milestone payments. In addition, Endo will manufacture and supply the … [Read more...] about Endo acquires rights to Trimel’s intranasal testosterone

GSK Australia has announced that it plans to invest AUD31 million in blow-fill-seal equipment for the manufacture of Venolin salbutamol nebules at its facility in Boronia, a suburb of Melbourne. The company cited increasing demand for asthma treatments from Turkey, Brazil, and China as the reason for the retrofit. The Boronia site is GSK's largest liquid product … [Read more...] about GSK Australia to add Ventolin nebules production capacity