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AXM Pharma announced today that it has signed a 2005 distribution agreement
for $604,595 with Shanghai Zhenshan for the Company's line of Whisper feminine
hygiene products for distribution in Shanghai.
Shareholders of the Vadodara-based Sun Pharmaceutical Industries (Sun Pharma)
have approved the scheme of amalgamation of Phlox Pharmaceuticals with Sun Pharma
on Monday.
Lorus Therapeutics, a biopharmaceutical company specializing in the research,
development and commercialization of pharmaceutical products and technologies
for the management of cancer, announced that it has signed a collaboration agreement
with Japan's leading pharmaceutical company, Sumitomo Pharmaceuticals and Koken.
Pharmaceuticals company Jubilant Organosys has signed a memorandum of understanding
(MoU) to acquire a 75% stake in a generic pharmaceutical company in the United
States for US$8.25 million.
The drug sector in the United Arab Emirates (UAE) continues to expand,
and the country has the Arab world's highest per capita drug spending of some
US$130 in 2004.
At a time when calls are growing for global drug firms to reduce
spending on their sales forces, and the industry's marketing practices have
attracted reproach from official sources, including the UK parliament, both
domestic and multinational drugmakers present in Brazil are on a recruitment
drive for sales professionals.
The chairman of Indian generics maker Cipla has reiterated his concerns
over India's new Word Trade Organization-compliant patent law, approved last
month.
A federal appeals court on Monday refused Teva Pharmaceuticals Industries Ltd.'s
request to allow a panel of judges to rehear its patent case concerning its
generic version of Pfizer Inc.'s popular antidepressant Zoloft.