President Donald J. Trump has nominated Alex Michael Azar II, a former executive of Eli Lilly and Company, to be the Secretary of the US Department of Health & Human Services (HHS).
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Janssen Biotech, one of the pharmaceutical companies of Johnson & Johnson, has signed a license agreement worth up to $1.4 billion with Zymeworks, a clinical-stage biopharmaceutical company, to develop up to six bispecific antibodies.
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Bayer has signed an agreement with Loxo Oncology, a biopharmaceutical company, to develop two investigational drugs for treating patients with cancers harboring tropomyosin receptor kinase gene fusions in a deal worth up to $1.55 billion.
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Sanofi has partnered with Principia Biopharma, a clinical-stage biopharmaceutical company, to develop an experimental oral treatment for multiple sclerosis (MS) and potentially other central nervous system (CNS) diseases in a deal worth up to $805 million.
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Pfizer has sold its 49% equity share in its joint venture, Hisun-Pfizer Pharmaceuticals, to Sapphire I Holdings. Pfizer and Zhejiang Hisun Pharmaceuticals launched the joint venture in 2012 to commercialize generic products in China and global markets.
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The European Commission has approved Boehringer Ingelheim’s (BI’s) Cyltezo (adalimumab), a biosimilar to AbbVie’s Humira (adalimumab), for treating multiple chronic inflammatory diseases in adults and children. Humira is AbbVie’s top-selling drug with 2016 sales of $16 billion.
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Five US Senators have sent a letter to Allergan’s chairman, president, and chief executive officer, Brenton Saunders, seeking information about the company’s recent transfer of patents covering one of its top-selling drugs, Restasis (cyclosporine ophthalmic emulsion), a drug to treat dry eyes, to the Saint Regis Mohawk Tribe, a sovereign tribal government.
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Pfizer has promoted Albert Bourla, Group President of Pfizer’s Innovative Health Business, to the newly created position of chief operating officer, effective January 1, 2018.
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Bill Gates plans to invest $50 million in the Dementia Discovery Fund, a private fund working to diversify the clinical pipeline and identify new targets for treating Alzheimer’s disease. Gates is making the investment through his personal funds.
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Recipharm, a CDMO, plans to discontinue manufacturing operations at its solid-dosage manufacturing facilities in Stockholm and Höganäs, Sweden.
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Due to the Thanksgiving holiday, there will not be an issue of
DCAT Value Chain Insights
on Wednesday, Nov. 22 or
Top Industry News
on Friday, Nov. 24. Our next issues will be Nov. 29 and Dec. 1, respectively.
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Top Industry News is published and distributed by the
Drug, Chemical & Associated Technologies Association
(DCAT). The DCAT organization recognizes its members have minimal time to keep up with the continuous flow of news covering this dynamic industry. To help ensure our members never miss the most important stories impacting the global pharmaceutical manufacturing industry, we will deliver each Friday, the week's Top Industry News, as selected by DCAT Editorial Director Patricia Van Arnum. For more information, visit
www.dcat.org
.
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