BioProgress of the UK, which specialises in delivery mechanisms for
the pharmaceutical oral dosage markets, has sold the first two
machines in its line of systems for tablet coating based on its
proprietary coloured cellulose film.
A new report from Datamonitor predicts the end of the
pharmaceutical industry's blockbuster product model, pointing to a
dramatic shortfall in growth rates for billion dollar-plus products
out to 2008.
US antisense specialist Genta has agreed to acquire Salus
Therapeutics, a specialist in small interfering RNA, for up to $30
million in cash and stock. The terms of the agreement call for
Genta to issue $13 million in stock at closing.
Abingworth Management, a UK venture capital group, has raised a
$350 million investment vehicle in a move that lends further weight
to suggestions that the funding crisis hitting the biotechnology
sector may be nearing its end.
The genomics industry is already separating into two tiers; the
winners are those focused on targets and drug development and which
have products in or near the clinic, as well as strong
partnerships, says analyst