Tag: privately-held
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Allergan to buy Tobira in push for fatty liver disease drugs
Just hours later on Tuesday, Allergan announced it would also pay $50 million upfront and make future milestone payments for Akarna Therapeutics Ltd, a privately held company that is planning early-stage studies of a treatment for NASH. There are no approved treatments for the disease affecting more than 15 million Americans, which involves accumulation of…
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Large Guardant Health study backs use of ‘liquid biopsies’
By Julie Steenhuysen CHICAGO (Reuters) – A large study sponsored by privately held Guardant Health Inc of California showed that its Guardant360 liquid biopsy test, which looks at bits of tumor DNA in blood samples, closely mirrored the cancer genes taken from traditional tissue biopsies. The findings, presented on Saturday at the American Society of…
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AstraZeneca buys most of Acerta for $4 billion to add cancer drug
By Ben Hirschler LONDON (Reuters) – AstraZeneca said on Thursday it had agreed to buy 55 percent stake of privately held biotech firm Acerta Pharma for $4 billion to give it access to a new kind of drug for fighting blood cancers. AstraZeneca will pay $2.5 billion upfront, with a further $1.5 billion paid either…
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High schools listening to scientists, letting teens sleep
SEATTLE (AP) — More school districts around the U.S. are heeding the advice of scientists who have long said that expecting teens to show up to class before 8 a.m. isn't good for their health or their report cards.
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APNewsbreak: VA to provide robotic legs to paralyzed vets
The Department of Veterans Affairs has agreed to pay for robotic legs that could allow scores of paralyzed veterans with spinal cord injuries to walk again.
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Chipotle Will Use Central Kitchen for Some Ingredients After E. Coli Outbreak
An E. coli outbreak linked to the Chipotle restaurant chain has already led to major changes in the company's food production as it works to regain customers' trust. At least 52 people have been sickened in the multi-state outbreak that officials from the U.S. Centers for Disease Control and Prevention linked to eating at Chipotle.…
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French drug developer Pharnext to take rare approach to pricing
A privately held French drug developer is taking a rare approach to pricing its drug intended to treat a rare disease. Pharnext SAS, whose drug is the only treatment in a late-stage trial for treating a rare inherited disorder called Charcot-Marie-Tooth (CMT), sees potential to earn a healthy profit by selling the yet-to-be approved drug…
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General Mills meets sodium-reduction goal in seven of ten product categories
By Anjali Athavaley NEW YORK (Reuters) – General Mills Inc said on Tuesday that it had reduced sodium by at least 20 percent in seven product categories, fewer than it had targeted, as part of the food industry’s effort to cut back on an ingredient said to increase the risk of serious illnesses. The maker…