PHARMACY

Addrenex acquired by Sciele Pharma

BY Alaric DeArment

DURHAM, N.C. The U.S. subsidiary of a Japanese drug maker has acquired a company that develops drugs for medical conditions related to the body’s adrenergic system.

Addrenex Pharmaceuticals announced Monday its acquisition by Sciele Pharma, the Atlanta-based subsidiary of Shionogi & Co., one of Japan’s largest drug companies, for $29 million. Sciele already held stock in Addrenex and licensed drugs from the Durham, N.C.-based company.

“Sciele has been a valuable partner and catalyst for the success of Addrenex,” Addrenex CEO Moise Khayrallah said in a statement. “Our initial business plan called for bringing innovative drugs to market and enabling our investors to achieve a positive return.”

Sciele had licensed Addrenex’s attention-deficit hyperactivity disorder drug Clonicel (clonidine) and the hypertention drug Jenloga XR (once-daily clonidine). Addrenex has four drugs in clinical trials and more than 400 possible drug candidates.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
PHARMACY

CDC encourages diabetics to get H1N1 vaccines as part of American Diabetes Month

BY Michael Johnsen

ATLANTA In recognition that November is American Diabetes Month, the Centers for Disease Control and Prevention on Thursday reminded the public that diabetics have an increased risk of severe illness from any flu. And when people with diabetes get the flu, it can be more difficult for them to manage their blood sugar.

“People with diabetes account for about 12% of all of the hospitalizations we’ve seen from the H1N1 influenza virus,” said Anne Schuchat, director of the National Center for Immunization and Respiratory Diseases at CDC. “If we focus in on adults, 19% of those people who have been hospitalized have diabetes. … One-in-4 hospitalized patients with diabetes did require intensive care unit management.”

Schuchat recommended that people with diabetes get vaccinated with H1N1 influenza vaccine as soon as they are able, and that they should receive the shot, not the nasal spray. “In this American Diabetes Month, we really remind people to take care of themselves with diabetes and get those two vaccines [H1N1 and seasonal flu], [and] to get care promptly to get antiviral medicines should they have symptoms.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
PHARMACY

Lilly Research Labs president set to retire in 2010

BY Alaric DeArment

INDIANAPOLIS A top executive of Eli Lilly & Co. plans to retire, the drug maker announced Friday.

EVP science and technology and president of Lilly Research Labs Steven Paul will retire from the company, effective Feb. 28, 2010. AstraZeneca EVP and head of global discovery research Jan Lundberg will replace him.

Paul began working for Eli Lilly as VP central nervous system discovery research and decision-phase medical research in 1993. The company promoted him to group VP therapeutic area discovery research and clinical investigation in 1998, and to his current position in 2003. Before working for Eli Lilly, Paul was scientific director of the National Institute of Mental Health.

“Under Steve’s leadership, we now have the most robust pipeline in Lilly’s history, including approximately 60 unique potential medicines – both small molecules and biologics – in human testing,” Eli Lilly chairman and CEO John Lechleiter stated. “Additionally, Steve has helped to recruit many of the top leaders we have in [Lilly Research Labs] today.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?