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Tag: drugs
How funding is coming up short on new drugs for these diseases
2015-02-26 10:43:06| Biotech - Topix.net
While biotech investors and entrepreneurs turned to rare diseases - and the potential for selling drugs targeting those diseases at a high cost - novel treatments in a number of more-prevalent disease areas went wanting. What's more, according to a recent report by the Biotechnology Industry Organization , while biotech drugs now snag half of the total venture funding for all therapeutics, the number of first-time Series A financings in 2013 was off by nearly a third from its 2006 peak.
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Monday Sector Leaders: Drugs, Biotechnology Stocks
2015-02-23 23:17:17| Biotech - Topix.net
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Novartis AG wins approval to buy GSK cancer drugs with conditions
2015-02-23 19:12:54| Biotech - Topix.net
Novartis AG has won U.S. antitrust approval to buy GlaxoSmithKline's oncology drugs, with conditions, the U.S. Federal Trade Commission said on Monday. To win U.S. approval for the $16 billion deal, Novartis agreed to divest assets related to its BRAF and MEK inhibitor drugs, now in development to fight melanoma, the FTC said.
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CVS warns new cholesterol drugs could break the health care bank
2015-02-18 19:43:30| Biotech - Topix.net
CVS Health on Monday warned that costs of a potent new class of cholesterol treatments and other specialty drugs in development could eclipse those of expensive new medicines and overwhelm the health care system "if rigid cost control mechanisms are not put in place." CVS, the second largest U.S. pharmacy benefit manager which negotiates drug prices for 65 million people through contracts with employers and health plans, noted that two of the new injectable cholesterol fighters - called PCSK9 inhibitors - could be approved by mid-2015 and likely each cost $7,000 to $12,000 a year.
Tiny robotic hands could deliver drugs, assist surgeons
2015-02-13 15:21:52| Extremetech
Scientists have created microscopic robotic grippers that could travel the body to release drugs and remove tumors that would otherwise be inaccessible.
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