SWITZERLAND > UK based GSK (GlaxoSmithKline) is set to buyout Novartis’ 36.5% stake in the Consumer Healthcare Joint Venture for $13 billion

gsk logo UK based GSK is all set to buyout Switzerland based Novartis stake in the Consumer Healthcare Joint venture for $13 billion. Formed as part of the three part transaction between GSK and Novartis in 2014, Consumer Healthcare Joint Venture’s 100% ownership by GSK enables GSK shareholders to capture full value of future performance. According to Emma Walmsley, Chief Executive Officer, More …

IRELAND > South Korea based SK Biotek acquires Bristol-Myers Squibb API  Swords manufacturing facility in  Dublin, Ireland

SK biotek logo Becoming the first South Korean pharmaceuticals company to invest in Ireland, SK Biotech acquires Dublin based Bristol- Myers Squibb API. SK biotek is owned by SK Group and is a global life sciences company. The acquisition was completed by the end of 2017 and 360 employees of Swords Campus have transitioned to SK biotek employment for 1st January 2018. SK More …

SWITZERLAND > India based Glenmark Pharmaceuticals is set to establish a new discovery center at Biopôle campus in Lausanne, Switzerland

glenmark logo To enhance its translational research capabilities, Glenmark Pharmaceuticals is set to open a new discovery center at the Biopôle campus in Lausanne, Switzerland. Glenmark Pharmaceuticals entered the Swiss market in 2004 and currently, Glenmark Pharmaceuticals employs around 160 people in its R&D center for biologics in the canton of Neuchâtel Glenmark will continue to invest in its existing Swiss site and More …

NEPAL > India based Tizig Pharma is set to invest Rs 351 million ($3.4 million) in cancer drug plant in Bhaktapur, Nepal

Tizig Pharma Pvt. Ltd. is set to invest Rs 351 million ($3.4 million) in Nepal for cancer drug production plant. As the cancer patients have increased in recent years, the India based company is set to invest in Nepal. Venkatesham Ambati, an Indian citizen, is the sole investor of the project. According to Khagendra Basnet, Director of the Department of More …

USA > France based Sanofi is set to acquire Bioverativ Inc. for approximately $11.6 billion

Sanofi logo For $105 per share in cash, Sanofi is set to acquire all the outstanding shares of Bioverativ representing an equity value of approximately $11.6 billion. Both biopharmaceutical companies focus on therapies for hemophilia and other rare blood disorders and the transaction was unanimously approved by Board of Directors of both Sanofi and Bioverativ. According to Olivier Brandicourt, Sanofi’s Chief Executive More …

USA > DanDrit Biotech USA, Inc. is set to acquire Enochian Biopharma Inc.

Dandrit logo Enochian Biopharma Inc. is to be acquired by DanDrit Biotech USA, Inc.  Enochian will enhance DanDrit’s research and development efforts as Enochian is developing an innovative proprietary technology in the field of HIV/AIDS. According to the acquisition terms the stockholders of Enochian shall receive: 50% of the number of shares of DanDrit’s common stock issued and outstanding upon the acquisition, More …

USA > Japan based Astellas Pharma Inc. acquires US based Mitobridge for $225 million (plus additional $225 million contingent on clinical development)

Astellas_Pharma_logo.svg Exercising its exclusive option right to acquire Mitobridge under the amended terms of the October 2013 partnership agreement governing their an R&D collaboration focused on discovering and developing novel drugs that target mitochondrial function, Astellas Pharma Inc. will now wholly own US based Mitobridge. The 2013 partnership agreements between Astellas and Mitobridge were formulated to discover and develop compounds that More …

USA > US based Agena Bioscience and Germany based Molecular Health partner for MassArray Interpretation

agena bioscience Agena Bioscience and Molecular Health have entered into strategic partnership , even though specific terms of the agreement were not disclosed, it is known that Molecular Health will use its MH guide analysis platform to interpret Agena’s MassArray system raw generated data. The firm plan to cooperate and collaborate with their respective customer bases under the partnership and is part More …