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Roche to stick with $43.7 billion bid for Genentech: Roche Holding is determined to pursue its $43.7 billion offer to buy out Genentech despite the biotech firm's rejection of the bid, CEO Severin Schwan said, according to this report citing The Wall Street Journal. The company is committed to "make this transaction happen," Schwan said. Reuters
(12/8)
        
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| | Detailed List of 952 VC Firms Investing in Biotech
BioWorld's Biotechnology and Medical Device VC Directory 2009 is the only directory that will help you locate investors that are still investing in the biotech and device industry. Perfect for anyone looking for financing: Seed, Series A-B, Series C-D, Mezzanine, Bridge, and Buyout. Click here for more info or to view sample pages. | |
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- FDA review: Long-acting asthma drugs pose serious risks
The FDA should revoke clearance for asthma drugs known as long-acting beta agonists for children in light of clinical evidence linking them to a higher risk of asthma attacks and death, according to a review from the agency's drug-safety personnel. The FDA plans to gather a panel of outside experts this week to evaluate the safety of AstraZeneca's Symbicort, Novartis AG's Foradil and GlaxoSmithKline's Advair and Serevent. NYTimes.com
(12/5), Reuters
(12/5)        
 | To leverage the full benefits of modern ERP solutions, organizations require automated access to all aspects of their business, including the process laboratory. This integrated solution enables Life Sciences companies to have a 'single window of truth' thus lowering cost & enabling faster time to market. Download the HCL white paper Nuances in ERP (SAP) Integration with LIMS to learn more. |
| Company & Financial News |  |  |
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- FDA analysis raises concerns about Synvisc-One trial
FDA staff expressed concerns about Genzyme's study of Synvisc-One, a single-dose version of its injectable treatment for osteoarthritis of the knee, saying it was conducted in a small population and did not undergo adequate agency evaluation because it took place in Europe. The review, however, said the medicine seems as safe as the older formulation. An advisory committee will meet Tuesday to consider Synvisc-One for approval. Reuters
(12/5)        
- Merck looks to RNAi to enhance conventional treatments
While biotech firms are using RNA interference to suppress genes that make proteins in diseases including cancer and AIDS, Merck & Co. is using the technology to improve the efficacy of drugs in its pipeline. One of Merck's promising programs is a delivery system called lipid nanoparticles, which could aid in treating viral hepatitis or other liver-related disorders. Reuters
(12/7)        
- Studies: Rituxan plus chemotherapy works for leukemia
Two studies found that a combination of chemotherapy and Rituxan, a cancer drug from Genentech and Roche Holding, was better than chemotherapy alone in lowering the risk of death or disease progression in people with chronic lymphocytic leukemia. Genentech will seek FDA approval "as soon as possible" to market the medicine to newly diagnosed CLL patients and those whose symptoms have returned, a company executive said. Yahoo!/Reuters
(12/6), Bloomberg
(12/7)        
- Stanford gets $94M in funding from CIRM
The California Institute for Regenerative Medicine has awarded $94 million in funding to Stanford University, which plans to use part of the money for the construction of the Lorry I. Lokey Stem Cell Research Building. The facility will focus on embryonic and adult stem cells and is expected to be finished by July 2010, a university official said. American City Business Journals/San Jose, Calif.
(12/5)        
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Top five news stories selected by BIO SmartBrief readers in the past week.
- Results based on number of times each story was clicked by readers.
| Industrial & Environmental |  |  |
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- Report: EU sticks to proposed 10% biofuel target
Member countries of the EU, along with the European Parliament and the European Commission, have decided to uphold a January proposal that calls for the use of vehicle fuels mixed with 10% biofuel by 2020, according to a report from Deutsche Welle. The deal also states that only biofuels that can reduce greenhouse-gas emissions by 50% will be included in the 10% goal by 2017, according to the report. United Press International
(12/5)        
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