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Feb. 16, 2005

Vol. 2 No. 33

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GSK Gets Warning Letter for Misleading Coreg Promotional Aid

GlaxoSmithKline (GSK) was recently hit with an FDA warning letter for presenting a misleading promotional panel for its cardiovascular drug Coreg at an industry conference last June.

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Maine PBM Disclosure Law Recommended by Judge

More light may soon shine on the financial deals made between drugmakers and pharmaceutical benefit managers (PBMs), as Maine moves closer to implementing its PBM disclosure law.

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GSK to Pay $65 Million for Paxil Antitrust Suit

GlaxoSmithKline (GSK) has agreed to pay $65 million to settle a class action antitrust lawsuit filed over its antidepressant Paxil.

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FDA Faces Barr Lawsuit Over Exclusivity for Generic Allegra-D

Barr Laboratories has filed a lawsuit against the FDA in federal court to obtain 180 days of marketing exclusivity for its generic version of Aventis' Allegra-D allergy drug.

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Seattle Genetics and CuraGen Expand Antibody-Drug Conjugate Collaboration

Seattle Genetics has announced that CuraGen has exercised its option to designate a second antigen target under the parties' existing antibody-drug conjugate (ADC) collaboration, triggering a $1 million payment to Seattle Genetics.

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Cellular Genomics Achieves Key Milestone in Joint Kinase Discovery Program

Cellular Genomics (CGI), a chemical genetics based drug discovery and development company, has announced the completion of a key performance milestone in its joint kinase discovery program with Serono.

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Mesoblast Signs Adult Stem Cells Agreement

Australia's adult stem cell company, Mesoblast, has announced that it had signed an agreement for production of specialized adult stem cells, known as Mesenchymal Precursor Cells (MPCs), to be used in human pilot clinical trials in patients with orthopedic and cardiovascular diseases.

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SIGA and TransTech Pharma Announce Receipt of $2.7 Million in NIH Funding

Scientists at SIGA Technologies and privately held TransTech Pharma (TTP) announced the receipt of a $2.7 million challenge grant from the National Institutes of Health (NIH) to support the development of protease inhibitors to treat orthopoxvirus infections, such as smallpox and monkeypox.

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India's Drug Sector Tackles New Patent Regime

The Indian pharmaceutical sector has begun its seismic shake-up following the introduction of new laws granting patent protection to medicines on Jan. 1.

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Vertex Licenses VX-944 to Avalon for Development and Commercialization

Vertex Pharmaceuticals and Avalon Pharmaceuticals have announced that they have entered into a licensing agreement for the development of the investigational agent VX-944 in oncology indications.

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Fuso, HuBit genomix to Co-develop Therapeutic, In-Vitro Diagnostic Drugs

Fuso Pharmaceutical Industries has announced that it has concluded a collaborative research agreement with HuBit genomix, a Tokyo-based biotech firm.

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Novartis Eyes Generic-Medicines Firm

Swiss pharmaceuticals giant Novartis is in talks to buy German generic-drugs maker Hexal and two of its subsidiaries for up to €4.5 billion (R35.6 billion), the daily Die Welt reported on Tuesday.

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CoTherix Announces Partial Exercise of Over-Allotment Option

CoTherix has announced that the underwriters of its follow-on offering have exercised their over-allotment option to purchase an additional 250,000 shares of common stock from CoTherix to be offered at the public offering price of $8.90 per share.

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