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A recent report by European Union (EU) media portal EuroActiv.com
places the value of the EU's generics market at EUR7bn (US$8.80mn), and notes
that generic prescribing remains well below that in the US.
Vietnam's National Assembly has approved the much-anticipated Pharmaceutical
Law, which is set to enforce heavy restrictions on drug price rises and impose
new regulatory mechanisms.
Hybridon has entered into definitive agreements with investors in connection
with a private financing of $5 million to help fund the company's cancer programs.
India is set to be the next arena for global battle between two of the world's
fastest selling erectile dysfunction drugs -- Pfizer's Viagra and Eli Lilly's
Cialis.
Tercica announced that the High Court of Justice (Chancery Division Patent Court)
in London issued rulings in the patent infringement litigation case of Tercica,
Inc. vs. Insmed and Avecia Limited, and in the related patent revocation action
of Insmed and Avecia Limited vs. Genentech.
MultiCell Technologies a leading supplier of immortalized non-tumorigenic human
hepatocytes as pharmaceutical candidate optimization tools announced that its
licensee, XenoTech, executed a three-year use and propagation agreement with
pharmaceutical company Bristol-Myers Squibb.
BioWa, Inc. and Medarex, Inc. announced that BioWa has granted a second license
to Medarex to use BioWa's Potelligent Technology for the enhancement of antibody-dependent
cellular cytotoxicity (ADCC).
Amid growing reports that African HIV/AIDS pandemic areas are at the centre of a lucrative re-export trade, drug major GlaxoSmithKline (GSK) has expressed confidence in its own measures to halt the illegal activity.
According to new studies by IMS Health, Mexico is currently
the world's ninth largest drug market, although the fast-growing Chinese market
is expected to occupy this position by the end of 2005.