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CytRx to develop obesity and diabetes targets

Decreased insulin activity is known to contribute to type 2 diabetes and other complications such as obesity, and these targets have demonstrated the ability to regulate insulin activity

Amgen to acquire Abgenix for $2.2 billion

The deal provides Amgen with full ownership of panitumumab, a potential blockbuster anticancer compound that the companies have been developing together. Shareholders of Abgenix will receive $22.50 in

CollaGenex to acquire SansRosa

CollaGenex will make an initial payment of $750,000 for 51% of the shares of SansRosa. The remaining shares will be purchased upon the achievement of various milestones. If

FDA advisors say Merck drug appears safe

The recommendation is based on data presented from phase III clinical trials that evaluated the effects of the drug in 70,000 infants. The FDA will now consider the