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Some recent BIO News January 1, 2009

Posted by hiiroki in Biotech News.
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Thought I read up some stuff to keep myself updated once in a while.

Courtesy of Biospectrum Asia.

GE Healthcare to form medical device JV in China

Reports show that Chinese company Shinva Medical Instrument and GE Healthcare will form a medical device JV in China, called Xinhua GE Medical Systems, with a total investment of $25 mn
GSK extends tender offer for Genelabs

British pharma giant GlaxoSmithKline has extended its tender offer to buy Genelabs Technologies to January 6

Indian authority asks pharma companies to reduce prices by 2.84%

All manufacturers and marketing companies of formulations packs are advised to ensure that the benefit of the excise duty reduction by 50% and the reduced rate of abatement is passed on to the consumers through reduced Maximum Retail Price

Transgene to develop first human vax with synthetic antigen

Indian biotechnology company, Transgene Biotek has entered into a commercial and development agreement with Heber Biotec S.A, Havana, Cuba

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FDA approves first nucleic acid test to screen HIV in donated blood

The FDA approved the cobas TaqScreen MPX Test, manufactured by Roche Molecular Systems, the first nucleic acid test that screens for the presence of two divergent types of HIV in donated blood plasma and tissue

Till next time :)

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