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Abbott India to merge with Solvay Pharma India

The transaction follows Abbott Laboratories global take over of Belgium-based Solvay‘s pharmaceutical business for EUR4.8bn in 2009. Solvay Pharma India has a presence in women’s health, gastroenterology, mental

Immunovaccine Q3 revenues fall

Immunovaccine’s consolidated net loss was $1,499,000 in Q3 Fiscal 2010, compared to a net loss of $404,000 during the three month period ended September 30, 2009. Of this

Nostrum signs licensing agreement with IMTECH

Pursuant to such agreement, Nostrum will in-license thrombolytics from IMTECH for clinical development and worldwide commercialisation. Nostrum president Nirmal Mulye said that the new thrombolytics are clot specific

Genzyme ends Allston plant operations

Genzyme said that all fill/finish activities for Cerezyme (imiglucerase for injection), Myozyme (alglucosidase alfa), Fabrazyme (agalsidase beta) and Thyrogen (thyrotropin alfa for injection) for the US market now

BioSyent sees 14% rise in Q3 sales

The sales in the first nine months of 2010 were $1,216,019 compared to $911,543 in the corresponding previous year period. BioSyent incurred a loss of $31,987 in the

China Yongxin Pharma Q3 revenue falls

The decrease in net revenue was due to a planned reduction in sales to certain distributors with low gross profit margins, as the company made a shift in