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Pharmaceutical

Materia Plans Singapore-Based Catalyst Manufacturing Facility

In a press release, Materia announced its plans for opening a catalyst manufacturing and R&D facility in Singapore. The company expects to complete the site selection process in 3Q 2011
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Bafna Pharma to Acquire Raricap from J&J

Pharmaceutical Business Review reports, Bafna Pharmaceuticals, a Chennai, India-based contract research manufacturer, plans to buy Raricap from Johnson & Johnson for INR210m. Raricap, which contains calcium, folic acid and iron,
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Feds Takes Over Three Tylenol Plants

CNNMoney reports, the U.S. Government is taking over three Tylenol plants following a blizzard of drug recalls and a Food and Drug Administration criminal investigation into safety issues at
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Japan Halts Vaccines After Deaths of Four Children

The Associated Press reports, Japan has temporarily stopped using vaccines from U.S. drugmaker Pfizer Inc. and Sanofi-Aventis SA of France while it investigates the deaths of four children who were
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Targacept, GlaxoSmithKline End Partnership

The Associated Press reports, Targacept Inc. and GlaxoSmithKline announced they are ending their partnership to develop treatments for addiction, obesity, and several other conditions. In a statement, Targacept noted that
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Genzyme Expects Writedown for Layoffs, Up to $23 Million

The Associated Press reports, Genzyme Corp. said it expects a new round of layoffs to result in charges of $16 million to $23 million. Genzyme, which is being acquired by
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More Outsourcing Planned for FDA Overseas Inspections

According to Bloomberg, U.S. regulators plan to outsource more inspections of overseas factories within the next decade after criticism from Congress about a lack of oversight for food and drugs
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Pfizer Will Buy European Consumer Health Business

According to the Associated Press, Pfizer Inc. said it will expand its European business by acquiring Ferrosan''s consumer health care business which includes vitamins and skincare products. The drugmaker did
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Pfizer Hires Glaxo Executive as Senior VP

According to the Associated Press, Pfizer Inc. has named Dr. Yvonne Greenstreet as the senior vice president and head of medicine development for the specialty care business unit, effective Tuesday.
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Jury Orders J&J to Pay $482 Million in Patent Lawsuit

The Associated Press reports, a federal jury in Texas has ordered Johnson & Johnson and a subsidiary to pay $482 million in damages to an inventor who claimed the health
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