Keyword: biotech industry

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U.S. Court Approves Amgen's $762 Million Payment in Drug Case

20.12.2012 - A federal judge on Wednesday approved a $762 million payment from Amgen, the final step to resolve nearly a dozen criminal and civil cases stemming from the sale of its once...

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Amgen Pleads Guilty to Misbranding Charges, Will Pay $762 Million

18.12.2012 - Amgen pleaded guilty in a federal court in New York on Tuesday to misbranding its Aranesp anemia drug and agreed to pay $762 million in a civil settlement and criminal fines. The...

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Russian Billionaire Invests in US Genetics Company 23andMe

12.12.2012 - Russian billionaire Yuri Milner, best-known for investments linking consumers to the Internet, is placing a bet on genetics. Milner, who backed companies ranging from Facebook to...

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Amgen Buys Icelandic Gene Pioneer Decode for $415 Million

10.12.2012 - U.S. biotechnology group Amgen has agreed to buy unlisted Decode Genetics, a pioneer in gene research, for $415 million to boost its drive to develop better targeted drugs. Founded...

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U.S. Supreme Court to Decide if Human Genes Patentable

01.12.2012 - The U.S. Supreme Court on Friday agreed to decide whether human genes can be patented, a hotly contested issue with broad practical and ethical consequences for the future of gene...

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German Research Points Way to Faster Flu Vaccines

26.11.2012 - An experimental vaccine based on a molecule related to DNA protects animals against influenza and may one day offer an ultra-rapid way to develop new shots for humans, German...

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Sanofi Lets Genzyme's Biotech Culture Call the Shots

16.11.2012 - When Sanofi boss Chris Viehbacher first met staff at Genzyme, the U.S. biotech he had just acquired after a long takeover battle, he told them he did not want "planeloads of people...

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GeneQuine Biotherapeutics Closes Seed Financing

12.11.2012 - The Hamburg, Germany-based biotech startup GeneQuine Biotherapeutics today announced the completion of a seven-figure seed financing round. Investors are the German seed funds High...