Biotech News

A U.S. lawmaker will pressure the U.S. Securities and Exchange Commission on Thursday to consider a raft of reforms, after William Ackman's aggressive efforts to take over Allergan Inc raised concerns about loose rules governing disclosure and shareholder voting.

Puma Biotechnology' stock soared Wednesday after the company reported positive trial results for its breast cancer drug, positioning the company as a potential takeover target.

Gilead Sciences' $1,000-a-day hepatitis C pill is facing a firestorm of criticism from insurers and lawmakers, but none of those obstacles are likely to stop the Foster City company from reporting blockbuster revenues during the second quarter today.

The head of the government lab which potentially exposed workers to live anthrax has resigned, an agency spokesman said Wednesday.

Biotechnology stocks were among the biggest gainers. KEEPING SCORE: The Dow Jones industrial average fell 10 points, or 0.1 percent, to 17,104 as of 11:21 a.m. Eastern.

Drug maker GlaxoSmithKline has cut its full-year earnings expectations as it says its second-quarter profits were hit by currency moves and a fall in sales of its respiratory drugs.

The Village of Saranac Lake's plan to grow a cluster of biotechnology companies suffered a setback Monday.

Ghana's progress towards setting up robust biotech policy is a an excellent model that other African countries can emulate, Africa Harvest Chief Executive Officer, Dr Florence Wambugu, said at sixth African Nutritional and Epidemiology Conference .

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Biotech investment is the highest in Massachusetts than it has ever been, yet venture capital experts say the type of companies receiving investment could create problems for the industry down the line.

Assuming a multiple of between two and three times those sales, the assets on the block could fetch between $3.5 billion and $5.0 billion , the sources said.

The North Carolina-based retailer announced Tuesday that it would spend about $20 million to buy and equip an office building in a business park on the city's northwest side.

A move is afoot on the City Council to adopt a provision of state law that will allow the city to exempt from local taxation certain equipment used by companies for research and development.

The goal of the five-year grant is to help clinicians attack hidden metastatic tumors and prevent cancer recurrence.

Monsanto is widely recognize as the most hated and most evil corporation on the planet.

Before Ralf Groene helped devise the look and feel of Microsoft's Surface tablet, he designed food - or "food concepts," he says, such as dried noodles that come wrapped around a pair of chopsticks and a fork that squeezes out sauce.

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The head office and sign of Valeant Pharmaceutical are pictured in Montreal on May 27, 2013.

The Irvine, California-based company said earnings increased to $417.2 million, or $1.37 per share, from $359.9 million, or $1.19 per share, in the same quarter a year ago.

The Irvine, California, company also says it will eliminate about 250 vacant positions.