Keyword: Biotechnology

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Italy's Philogen Signs Drug License Deal with Pfizer

04.01.2013 - Italian biopharmaceutical company Philogen has signed a worldwide license agreement with drug firm Pfizer for the development of Dekavil, an experimental treatment for autoimmune...

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Entering the Age of the $1 Million Medicine

03.01.2013 - The Western world's first drug to fix faulty genes promises to transform the lives of patients with an ultra-rare disease that clogs their blood with fat. The only snag is the...

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Roche, PSS Team Up to Automate Gene Sample Preparation

21.12.2012 - Roche is to join forces with Japan's PSS to improve its gene sequencing process, raising investment in its own technology after dropping a $6.8 billion bid for sequencing market...

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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...