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Europe
France-based Sanofi has confirmed it is in negotiations to sell its European generics business Zentiva for €1.9 billion ($2.4 billion) to private equity firm Advent International. 19 April 2018
Asia-Pacific
China’s government has announced a series of measures to increase the country’s importation of drugs, including enhanced IP protection in the pharmaceutical industry. 18 April 2018
Biotechnology
Biotech company Shire has revealed plans to sell its oncology business for $2.4 billion to France-based Servier. 17 April 2018
Americas
The founder of a Canadian online pharmacy has been sentenced to house arrest and his company fined $34 million for importing counterfeit drugs into the US. 16 April 2018
Americas
Vanda Pharmaceuticals, a biopharmaceutical company based in Washington, DC, secured a win late last week when the US Court of Appeals for the Federal Circuit found a patent covering its schizophrenia drug to be patentable. 16 April 2018
Big Pharma
Ireland-based Cosmo Pharmaceuticals has lost a legal battle against Valeant Pharmaceuticals, costing it $3 million. 16 April 2018
Americas
Orchard Therapeutics has acquired GSK’s gene therapy portfolio, in an agreement intended to advance Orchard’s work in the field of rare diseases and allow GSK to focus on oncology. 13 April 2018
Asia
Japan-based Chugai Pharmaceuticals has announced it has withdrawn its patent infringement claim against generic anti-cancer business Nippon Kayaku. 12 April 2018
Americas
The US Federal Trade Commission is to appeal against a court’s decision to dismiss its competition complaint against Shire ViroPharma, a subsidiary of pharmaceutical company Shire. 12 April 2018
Asia
Agriculture company Monsanto suffered a loss in India yesterday when the High Court of Delhi concluded that the company’s patent on genetically modified cotton seeds is not valid. 12 April 2018