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News Breaks
January 24, 2014
08:08 EDTMMM, NVSEMA committee recommends approval for 3M rivastigmine patch
The EMA's Committee for Medicinal Products for Human Use adopted a positive opinion, recommending the granting of a marketing authorization for the medicinal product Rivastigmine transdermal patches intended for symptomatic treatment of mild to moderately severe Alzheimer's dementia. The applicant for this medicinal product is 3M Health Care (MMM). Rivastigmine 3M Health Care Ltd is a generic of Novartis' (NVS) Exelon.
News For MMM;NVS From The Last 14 Days
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August 31, 2014
21:02 EDTMMM3M completes acquisition of Sumitomo Electric Industries interest in Sumitomo 3M
3M announced that it has completed its acquisition, through Sumitomo 3M, of Sumitomo Electric Industriesí 25% interest in Sumitomo 3M for 90B Japanese Yen, approximately $865M at current exchange rates. 3M is now the sole owner and the business will be known as 3M Japan. Sumitomo 3M was established in 1961 as a joint venture between 3M, Sumitomo Electric Industries and NEC. In 2003, 3M acquired NECís 25% stake, which increased 3Mís interest to 75%. On a GAAP-reported basis, 3M estimates the acquisition will add approximately 8c per share to earnings during the first 12 months following closing.
14:04 EDTNVSWorldwide Business Research to hold a conference
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13:47 EDTNVSNovartis heart failure drug LCZ696 shows superiority to enalapril in study
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12:50 EDTNVSEuropean Society of Cardiology to hold a conference
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August 29, 2014
16:21 EDTNVSOn The Fly: Closing Wrap
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12:23 EDTNVSNovartis drug data to be presented this weekend
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12:18 EDTNVSOn The Fly: Midday Wrap
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11:07 EDTNVSHigh option volume stocks
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10:51 EDTNVSUnited Therapeutics jumps after court rules generic will infringe
United Therapeutics (UTHR) alleged patent infringement against Sandoz, a unit of Novartis (NVS), related to the latter's filing for approval of a generic version of United Therapeutics' remodulin drug. A New Jersey court ruled today that Sandoz's proposed ANDA product will infringe the claims of UTC's '117 patent, according to a court filing. Following the court ruling, shares of United Therapeutics are up 15% to $105.39 in morning trading.
10:17 EDTNVSInnoPharma announces FDA approval of generic Dacogen
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10:04 EDTNVSNovartis hematopoietic support for ALL patients granted orphan status
Novartis' hematopoietic stem and progenitor cells expanded ex-vivo with a low molecular weight aryl hydrocarbon receptor antagonist was granted orphan designation as a hematopoietic support in patients with acute lymphoblastic leukemia, or ALL, the FDA stated. Reference Link
08:46 EDTNVSNovartis has a conference call hosted by JPMorgan
JPMorgan Analyst Vosser hosts a conference call with CEO Joe Jimenez on September 5 at 8 am.
August 28, 2014
08:40 EDTNVSPositive data on Novartis LCZ696 could raise sales outlook, says Leerink
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August 26, 2014
09:22 EDTMMM3M reaches group purchasing agreement with Premier, Inc
3M Critical & Chronic Care Solutions announces that it has reached a group purchasing agreement with health care alliance company Premier, Inc. for multiple catheter securement and stability products. In a move aimed at bringing greater economic efficiencies to Premierís more than 100,000 health care provider members, the new agreement allows them to take advantage of special pricing and terms pre-negotiated by Premier. The purchasing contract covers products including Tegaderm CHG Chlorhexidine Gluconate I.V. Securement Dressings and Tegaderm I.V. Advanced Securement Dressings as well as the 3M PICC/ CVC Securement Device + Tegaderm I.V. Advanced Securement Dressing, a sutureless securement system.
August 25, 2014
09:01 EDTMMM3M Company announces investment in Smart Energy Instruments
3M New Ventures Ė the corporate venture arm of 3M Ė announced an equity stake in Toronto-based Smart Energy Instruments, a move that will further accelerate SEIís efforts in developing electronic chipsets with high-precision, real-time monitoring capabilities for smart grids, as well as give 3M a bigger presence in the energy sector. The investment from 3M New Ventures comes as several existing stakeholders also bolstered their equity in SEI, including Venturelink Funds, ArcTern Ventures and the Ontario Capital Growth Corp. Together, the financing round, led by 3M New Ventures, totaled $5M. Other details of the transaction were not disclosed.
August 20, 2014
12:06 EDTNVSNovartis treatment for pigmented villonodular synovitis gets orphan designation
According to a post on the FDA's website, Novartis' recombinant human monoclonal antibody of the IgG1 kappa class against human macrophage colony-stimulating factor received orphan designation. Reference Link
05:17 EDTNVSNovartis provides drug candidate compounds to TB Alliance
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August 19, 2014
05:11 EDTNVSGamida Cell announces investment, option agreement with Novartis
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August 18, 2014
07:35 EDTNVSApricus Biosciences launches topical ED treatment in Germany
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