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Genentech Buys Tanox for $919 Million
November 29th 2006Genentech (South San Francisco, CA, www.gene.com) announced on November 9 that it will acquire Tanox, Inc. (Houston, TX, www.tanox.com), a biotechnology company specializing in the discovery and development of biotherapeutics based on monoclonal antibody technology.
Biotech Development Costs Higher Than Pharmaceuticals
November 29th 2006A recent study by the Tufts Center for the Study of Drug Development (CSDD, http:csdd.tufts.edu) shows that development costs are higher for biotechnology products than previously estimated development costs for traditional pharmaceuticals.
Merck Strengthens Expertise in RNAi Technology
November 29th 2006Merck & Co., Inc. (Whitehouse Station, NJ, www.merck.com) will purchase Sirna Therapeutics (San Francisco, CA, www.sirna.com), a biotechnology company developing a new class of medicines based on RNA interference (RNAi) technology, for $1.1 billion.
Manufacturing Quality-Systems Guidance Spurs Improvement
October 26th 2006The US Food and Drug Administration says the final version of "Quality Systems Approaches to Pharmaceutical Good Manufacturing Practice (cGMP) Regulations," issued September 29, will help manufacturers maintain consistent high quality while allowing them to make technological improvements more easily.
GTC Biotherapeutics Collaborates With LFB Biotechnologies
October 26th 2006GTC Biotherapeutics (Framingham, MA, http://www.gtc-bio.com) and LFB Biotechnologies (France) have signed an agreement to collaborate in the development of selected recombinant plasma proteins and monoclonal antibodies using GTC's transgenic production platform.
Pfizer to License RAGE Modulators from TransTech
September 27th 2006Pfizer (New York, NY, www.pharmtech.com) will license TransTech Pharma's (High Point, NC, www.ttpharma.com) portfolio of large- and small-molecule compounds that target the receptor for advanced glycation end products (RAGE), which have potential use in treating Alzheimer's disease.
Fastest Drug Developers Outperform Peers
September 27th 2006Drugs developed by the fastest companies each gained an average of $1.1 billion in incremental prescription revenue and saved an average of $30 million in out-of-pocket development costs, compared to those of the slowest companies, according to Tufts University's Center for the Study of Drug Development (CSDD).