Business

As AstraZeneca completes the acquisition of Almirall's respiratory drug franchise, which was first announced in July 2014, Almirall says that 719 employees will transfer to AstraZeneca. The deal includes the inhalation R&D company Almirall Sofotec as well as a number of inhalers, including the Eklira/Bretaris/Tudorza aclidinium DPI, the Duaklir Genuair … [Read more...] about Over 700 employees transfered from Almirall to AstraZeneca as part of respiratory drug deal

Impax Laboratories has reported a 19.1% increase in total revenues for the quarter ended September 30, 2014 compared to the third quarter of the prior year. The company attributes a portion of the increase in revenues to a 54% increase in sales of Zomig zolmitriptan nasal spray, which it markets in the US for the treatment of migraine. Impax acquired the rights to … [Read more...] about Sales of Zomig nasal spray increase 54%

Bristol-Myers Squibb could pay a total of up to $444 million to acquire Galecto Biotech and its TD139 inhaled galectin-3 inhibitor for the treatment of idiopathic pulmonary fibrosis (IPF), plus potential milestones. The newly announced deal includes an option to acquire the company that must be exercised no later than 60 days after completion of a Phase 1b trial of … [Read more...] about BMS makes deal for inhaled galectin-3 inhibitor for idiopathic pulmonary fibrosis

Grupo Ferrer Internacional, which markets Alexza Pharmaceuticals' Adasuve inhaled loxapine in the EU, Latin America, and the CIS countries, will acquire 2 million shares of Alexza common stock at $4 per share, the companies have announced. The amendment to the two companies' agreement on Adasuve will make Ferrer the largest shareholder in Alexza and includes … [Read more...] about Ferrer to become Alexza Pharmaceuticals’ largest shareholder

Ferring Pharmaceuticals has announced that it has reacquired desmopressin acetate (DDAVP), which is approved as a nasal spray and a number of other formulations, from Sanofi. Ferring originally developed desmopressin, which is a synthetic form of vasopressin and is used to reduce frequent urination among other conditions. In 2007, the FDA announced that the … [Read more...] about Ferring reacquires rights to desmopressin nasal spray

Retrophin has announced that Turing Pharmaceuticals will pay $3 million up front for three of Retrophin's products, including Syntocinon oxytocin nasal spray and ketamine. According to the company, the agreement includes the resignation of Retrophin founder Martin Shkreli. Shkreli's Twitter profile identifies him as the CEO of Turing Pharmaceuticals. The company … [Read more...] about Retrophin divests Syntocinon nasal spray to Turing Pharmaceuticals

Boehringer Ingelheim has announced that the Striverdi Respimat olodaterol soft mist inhaler is now available in the United States. The FDA approved Striverdi Respimat for the treatment of COPD in July 2014. The company said that a savings program will be available, allowing most patients to get the inhaler free for a period of time. The card will provide the … [Read more...] about Striverdi Respimat launched in the US

Teva Pharmaceutical has completed a strategic review of its core therapeutic areas and will focus its development efforts on central nervous system and respiratory drugs, the company has announced. According to the announcement, 14 drug development programs currently underway at Teva in other therapeutic areas will be divested or discontinued, with the $150-200 … [Read more...] about Teva to focus on respiratory, CNS drug businesses