News, Money and Drugs for Tuesday, May 5, 2009

May 5, 2009 at 8:56 pm EST | Tags:

News, Money and Drugs for Tuesday, May 5, 2009

  • Amylin Pharmaceuticals submitted an NDA for exanatide (Byetta) LAR and saw its stock price rise about 6%. The submission comes one day after the company said it was axing 200 reps. [WSJ]

  • A Pfizer employee has contracted Swine flu!! [NBC Connecticut]

  • The recent axes at Amylin are somewhat of a 180 from what the company told Carl Icahn last month. [BNET Pharma]

  • Abbott is suing Johnson & Johnson over new Simponi drug. [Bloomberg]

  • Sanofi is setting up a $265M biotech plant, seeks partnerships. [Reuters]

  • India’s Jubilant Biosys has inked a new R&D alliance with AstraZeneca, deal valued at $220M. [FierceBiotech]

  • Roche wins approval for Avastin to treat brain cancer (glioblastoma multiforme). [Bloomberg]

  • Finally, 23andMe has raised $11M of an anticipated $24.26M second round of financing. The company was cofounded by Anne Wojcicki, wife of Google co-founder Sergey Brin. [VentureBeat]

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