Supplement company merging certain business operations with Zuellig Botanical Extracts in a deal worth $66 mil., the companies announce Dec. 9. In addition to Zuellig, the deal includes Wilcox Drug (Wilcox Natural Products) and ZetaPharm, and creates what the companies call the "leading U.S. supplier of herbal extracts, botanical raw materials and related products." Long Beach, Calif.-based Zuellig markets and distributes herbal extracts and other products, Wilcox cultivates and sources wild-crafted botanical raw materials and ZetaPharm "imports and distributes bulk vitamins, nutritional supplements, pharmaceutical ingredients and food additives." To "focus corporate resources...Hauser will discontinue its paclitaxel business and at the end of the current fiscal quarter will incur a one-time charge of approximately $25 mil.-$30 mil.," the companies note
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Advanz Pharma would have had to show that the European Commission’s decision to revoke Ocaliva’s conditional marketing approval risked causing serious and irreparable harm, according to lawyers from Van Bael & Bellis.
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A new pilot aims to take Brazil closer to ‘digital transformation.’
Acadia’s Nuplazid for hallucinations and delusions associated with Parkinson’s disease psychosis appears safe from generic competition until well into the next decade, following a favorable infringement and validity decision by a US district court.
The US FDA ended efforts to regulate lab-developed tests as medical devices for now when it did not appeal a decision from the Eastern District of Texas that tossed out the agency's final rule.
A potential MFN drug pricing policy in the US could also lead to a greater push for collaborative action in the EU, such as joint procurement among the member states, says one European industry expert.
