(ShareCast News) - GlaxoSmithKline has sold all the rights to its ofatumumab drug to Novartis for up to £1.03bn, extending a previous disposal agreement. GSK previously agreed to divest the drug's oncology indications and has now agreed to include its rights in ofatumumab for auto-immune indications
Read more(ShareCast News) - City sources predict the FTSE 100 will open 142 points lower than Thursday's close of 6,367.89. "European equities are set to plunge on the open as China goes off the rails," London Capital Group night dealer Jonathan Sudaria said. Sudaria said bulls were already slowed by a barr
Read more* Will make initial $300 mln payment to buy compound * Further $200 mln after start of a phase III study * Up to $534 mln to be paid if milestones met * Will pay royalties of up to 12 pct on future net sales (Adds comment from head of Novartis Pharmaceuticals, detail) ZU
Read moreZURICH, Aug 21 (Reuters) - Swiss drugmaker Novartis said on Friday it had agreed to buy all remaining rights to Ofatumumab, which is being developed for relapsing remitting multiple sclerosis and other autoimmune indications, from Britain's GlaxoSmithKline. Basel-based Novartis will make a
Read moreBRUSSELS, Aug 18 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS none NEW LISTINGS -- Pfizer to acquire British drugmaker GlaxoSmithKline's menACWY meningitis vaccine busine
Read more* Results of SUMMIT trial with Breo due as early as Sept * Drug could be first to extend lives in COPD * Billions of dollars riding on positive outcome * U.S. partner Theravance eligible for royalties on sales By Ben Hirschler LONDON, Aug 13 (Reuters) - GlaxoSmithKli
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