News, Money and Drugs for Thursday, May 21, 2009 – Genzyme, Plus ASCO Watch
May 21, 2009 at 9:43 pm EST | Tags: News
Presented by OSMOS…
Genzyme (GENZ) has resubmitted its manufacturing documentation to the FDA for Lumizyme. Back in March, the FDA rejected GENZ’s application to produce the Pompe disease drug at a 2,000 L bioreactor scale. The FDA has also begun inspections at GENZ’s manufacturing plant to verify all deficiencies have been addressed. [MassHighTech]
Johnson & Johnson wants out. The drugmaker will ask an arbitrator to dissolve its Remicade partnership with Schering-Plough. [Pharmalive]
Novartis’ new phase 3 drug, QAB149 (indacaterol), for COPD shows blockbuster results. [Genetic Engineering & Biotechnology News]
NeurogesX’s pain patch, Qutenza, gets EMEA approval, but still without a partner. [BizJournals]
Uh-oh!! FDA looking into liver toxicity associated with OTC weight loss drug Orlistat. [Scrip]
Dr. Reddy’s is closing the door at its Atlants research facility, but no word on axes. An email to the company was not immediately returned. [India Infoline]
Vical advances its H1N1 pandemic influenza (Swine Flu) vaccine, shares soar. [Yahoo!Finance]
A $106M payout awaits Schering-Plough execs once the ink dries with Merck. [WSJ]
It’s not just the common folk that have beef with the IRS — GSK owes $1.9B and doesn’t want to pony up. [WSJ]
Finally, Jim Edwards at BNET Pharma is keeping tabs on all the Astra Seroquel documents. He’s even got the real email printouts between execs!! [jimedwardsnrx]
ASCO Watch
Medivation will present Phase 1/2 data on MDV3100, biotech’s next most promising prostate cancer drug (now that Cougar has been scooped up). [Yahoo!Finance]
Roche has a whole bunch of presentations: Tarceva (erlotinib), the famed Avastin study in the CRC adjuvant setting, and trastuzumab-DM1 (T-DM1) [MedicalNewsToday]
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