Generex Biotechnology has reached an agreement with Amarantus BioSciences regarding Generex's RapidMist buccal aerosol delivery system. The RapidMist device is a modified metered dose inhaler that delivers the aerosol to the lining of the mouth instead of to the lungs. Amarantus, which is paying Generex $10 million for use of the technology, will use it to deliver … [Read more...] about Generex licenses RapidMist technology
News
Rigel raises $130 million in stock offering
Rigel Pharmaceuticals has said that it is raising approximately $130.4 million as the result of a stock offering involving 16.3 million new shares. The company says that it expects the offer to close on or about June 1, 2011. Pfizer recently returned the rights to Rigel's inhaled syk inhibitor, R343. R343 is ready to move into Phase 2 trials, and the money raised … [Read more...] about Rigel raises $130 million in stock offering
MAP Pharmaceuticals submits NDA for Levadex
MAP Pharmaceuticals has submitted a new drug application (NDA) to the US FDA for its Levadex inhaled dihydroergotamine (DHE) for the treatment of migraines. The delivery device used for the product is the company's proprietary breath-activated MDI, the Tempo inhaler. MAP recently published data from its Phase 3 FREEDOM-301 trial, in which Levadex met all 4 primary … [Read more...] about MAP Pharmaceuticals submits NDA for Levadex
CHMP issues negative opinion on Pharmaxis’s Bronchitol
Members of the Committee for Medicinal Products for Human Use (CHMP) have indicated that they would vote against approval of Pharmaxis's marketing application for Bronchitol as a treatment for cystic fibrosis (CF). The CHMP took the trend vote after hearing an oral presentation by Pharmaxis regarding the application at its meeting last week. The official vote to … [Read more...] about CHMP issues negative opinion on Pharmaxis’s Bronchitol
OptiNose wins innovation award for nasal delivery technology
OptiNose has won the Oslo regional competition of the DnB NOR Innovation Award for its nasal drug delivery technology, and the company will compete in the Norwegian national competition in September. The regional award includes a prize of 200,000 NOK (~$36,000), and the national prize is 1 million NOK. The competition is sponsored by the Norwegian bank … [Read more...] about OptiNose wins innovation award for nasal delivery technology
Shortage of acetylcysteine inhalation solution
The FDA has announced a shortage of acetylcysteine inhalation solution in the US due to increased demand and manufacturing delays. Acetylcysteine is a mucolytic agent. According to the FDA web site, two manufacturers, Hospira and Roxanne Laboratories are experiencing shortages of 200 mg/ml vials as a result of increased demand and expect to release new product by … [Read more...] about Shortage of acetylcysteine inhalation solution
New Asian distributors for Freeman Technology powder rheometer
Freeman Technology has appointed two new distributors for its FT4 powder rheometer, a universal powder tester that provides data useful for .the optimization of dry powder formulations The new distributors are Aimil Ltd., which will distribute the FT4 in India, and DKSH, which will handle distribution in Singapore, Malaysia, Thailand, and Taiwan. Freeman … [Read more...] about New Asian distributors for Freeman Technology powder rheometer
Takeda confirms Nycomed acquisition
One day after issuing a denial (for the second time) regarding rumors of a deal for Nycomed, Takeda has confirmed its acquisition of the Swiss company for €9.6 billion (~$13.7 billion). The deal does not include Nycomed's US dermatology business, which will be spun off. Yasuchika Hasegawa, President & CEO of Takeda, said: “Takeda is committed to transforming our … [Read more...] about Takeda confirms Nycomed acquisition
Activaero announces new Chief Business Officer
Activaero has hired Christian Pangratz as its new Chief Business Officer, replacing Henrik Luessen. Pangratz comes to Activaero from Nektar, where he served as Executive Director of Business Development. Luessen will continue to work with the company part time while focusing the majority of his efforts on his consulting firm. Pangratz will be responsible for … [Read more...] about Activaero announces new Chief Business Officer
MeadWestvaco offering customers assistance with filling lines for preservative-free pumps
MWV has announced that it will now provide pharmaceutical customers with assistance in retrofitting filling lines when they make the switch to the company's line of preservative-free nasal spray pumps. According to the company, "Using advanced technologies, MWV engineers model and take packaging and machinery solutions from concept to production. We customize … [Read more...] about MeadWestvaco offering customers assistance with filling lines for preservative-free pumps