Archive for the ‘Abbott Labs’ Category

13 Big Pharmas to collaborate on $785M fight against neglected diseases

Top executives from a slate of the world’s biggest pharma companies will be rubbing shoulders with Bill Gates today as they roll out an ambitious plan to join hands on a $785 million effort to develop new drugs and distribute therapies designed to erad…

JPM kicks off with fevered focus on the next big biotech deal

The news of the Bristol-Myers/Inhibitex deal couldn’t have been better timed. With the biotech world converging on San Francisco today for the annual JP Morgan confab, there’s nothing like a 10-figure deal to get everyone whipped up about the potential…

Abbott nixes cancer drug alliance with Emergent BioSolutions

Emergent BioSolutions ($EBS) has suffered a setback in its campaign to expand into cancer drug development. Abbott Labs ($ABT) has decided to dump a partnership with Emergent on the development of the protein therapeutic TRU-016 against B-cell mal…

UPDATED: Abbott bets $400M on mega-blockbuster future for Reata program

Abbott ($ABT) has essentially doubled down on its high-stakes gamble that Reata Pharmaceuticals has the inside track on improving renal function in patients with chronic kidney disease, agreeing to plunk down $400 million in cash to gain an equal stake…