AstraZeneca (AZN) Tops Q1 EPS by 2c; Offers FY16 Outlook

Novartis (NVS) Announces Receipt of Positive EMA CHMP Opinion for Afinitor as Grade 1, 2 NET Treatment

April 29, 2016 8:38 AM EDT

Novartis (NYSE: NVS) announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) adopted a positive opinion for Afinitor (everolimus) tablets for the treatment of unresectable or metastatic, well-differentiated (Grade 1 or Grade 2) nonfunctional neuroendocrine tumors (NET) of gastrointestinal (GI) or lung origin in adults with progressive disease. If approved by the European Commission (EC), Afinitor would address an unmet need as there are currently few or no treatment options in Europe for patients with these diseases.

"This important milestone reinforces our long-standing commitment to the NET... More

AstraZeneca (AZN) Receives Positive EMA CHMP Opinion on Zavicefta as cIAI, cUTI, and HAP Treatment

April 29, 2016 7:53 AM EDT

On 28 April 2016 the Committee for Medicinal Products for Human Use (CHMP) adopted a positive opinion, recommending the granting of a marketing authorisation for the medicinal product Zavicefta, intended for the treatment of complicated intra-abdominal and urinary tract infections, hospital-acquired pneumonia and infections due to aerobic Gram-negative organisms where treatment options are limited. The applicant for this medicinal product is AstraZeneca AB (NYSE: AZN).

Zavicefta is a fixed dose combination of two active substances, ceftazidime and avibactam, and will be available as a powder for... More

Sanofi, Medivation dig in for big biotech takeover battle

April 29, 2016 4:11 AM EDT

By Matthias Blamont

PARIS (Reuters) - Sanofi and its takeover target Medivation (NASDAQ: MDVN) dug in for trench warfare on Friday, with the French drugmaker confident of winning over investors and the U.S. cancer firm insisting it was better off staying independent.

Sanofi, which has a track record of winning hostile fights in the biotech sector, said it was ready to speak directly to Medivation shareholders about its spurned $9.3 billion offer.

"While to date Medivation has chosen not to enter into discussions regarding this value-creating transaction, Sanofi remains committed to... More