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Sanofi to pay Lexicon $260 million for terminated partnership

(Reuters) – Lexicon Pharmaceuticals Inc said on Tuesday France’s Sanofi SA will pay the drugmaker $260 million for the termination of their partnership to develop diabetes drug Zynquista. Shares of Lexicon jumped 37.8% to $2.37 in after hours trading. Under th... More »

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Sanofi ends partnership with Lexicon to develop diabetes drug

(Reuters) – French drugmaker Sanofi SA said on Friday it had terminated its partnership with Lexicon Pharmaceuticals Inc to develop and manufacture a drug for use with insulin in patients with type 1 and type 2 diabetes. Lexicon shares fell nearly 40% in exten... More »

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Teva Pharm CFO says company did not conspire to fix prices

JERUSALEM (Reuters) – Teva Pharmaceutical Industries’ chief financial officer on Sunday reiterated that the company has done nothing wrong in the wake of a price-fixing lawsuit filed by 44 U.S. states. Mike McClellan told a conference in Israel that the suit w... More »

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Israel’s Super-Pharm in talks to buy Teva Pharm plant: source

A tourist poses for a photo with Teva Pharmaceutical Industries employees protesting outside Jerusalem’s Old City December 24, 2017. REUTERS/Amir Cohen TEL AVIV (Reuters) – Israel’s largest pharmacy chain Super-Pharm (Israel) Ltd is in talks to acquire Teva Ph... More »

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FDA approves La Jolla’s low blood pressure drug

(Reuters) – La Jolla Pharmaceutical said on Thursday the U.S. Food and Drug Administration had approved its drug, Giapreza, to treat dangerously low blood pressure. The company said it plans to make Giapreza available for patients in the United States in March... More »

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EU regulators charge Teva over pay-for-delay drug deal

A building belonging to Teva Pharmaceutical Industries, the world’s biggest generic drugmaker and Israel’s largest company, is seen in Jerusalem February 8, 2017. EU antitrust regulators charged Israeli drugmaker Teva (TEVA.TA) (TEVA.N) on Monday with doing an... More »

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Gerresheimer licenses syringe safety solution from West

German drugs packager Gerresheimer has acquired an exclusive license for a syringe-safety solution from U.S.-based West Pharmaceutical Services, completing its portfolio of pre-fillable glass and plastic syringes, it said on Monday. More »