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The number of domestic field inspections conducted by the FDA's Office of Regulatory
Affairs (ORA) will decline across the board in fiscal 2006, with the biggest
drop coming in good manufacturing practice (GMP) inspections, according to figures
contained in the agency's proposed budget request.
The cost of the Medicare prescription drug benefit is expected to more than
double over a 10-year period to almost $1 trillion dollars, according to a congressional
aide, who laid much of the blame for the increase squarely at the feet of drug
manufacturers.
Voyager Pharmaceutical Corp. announced the completion of its 48-week Phase II
Alzheimer's disease study -- a major clinical achievement for the biopharmaceutical
company focused on diseases of aging and development.
Pfizer Inc's experimental drug for a deadly form of stomach cancer has been
recommended for so-called orphan drug status in the European Union, the European
Medicines Agency said.
Sigma-Aldrich Corporation announced that it has signed a definitive agreement
to acquire the Proligo Group (Proligo) from Degussa AG (Frankfurt: DGXG.DE).
Shares of Encysive Pharmaceuticals have climbed on the news that the Bellaire-based
biotech company reported positive test results for its pulmonary arterial hypertension
drug.
DOR BioPharma announced that it has initiated a rational drug design program
to identify oral, small molecule drugs to counter the deadly effects of Botulinum
toxin exposure.
Santarus said it will receive more than $10 million from Tap Pharmaceutical
after prevailing in a legal dispute with the maker of Prevacid, the nation's
top selling heartburn medicine.
Researchers at the University of Bath have won a grant to help produce a drug
that could stop flu and several other diseases from replicating in humans.
Seeking to lure the state's lucrative biomedical
and biotech industries, Los Angeles city and county officials announced plans
Tuesday to develop a vast tech park to take on the industry's great hubs.