Procter & Gamble

Pharma

Venture firms bet $41M more on P&G spinout developing oral anemia drug

Akebia Therapeutics might be a bit behind in the race to develop a safer, oral drug for anemia, but it’s just gotten a big vote of confidence from investors in the form of a $41 million Series C. Novartis Venture Fund, Kearny Venture Partners, Venture Investors LLC, Athenian Venture Partners, Triathlon Medical Ventures, AgeChem Venture […]

News

Akebia begins Phase 2a trial of oral anemia drug

Akebia Therapeutics Inc. has begun a Phase 2a clinical trial of its orally administered anemia drug. The company recently completed a Phase 1b trial of the drug, called AKB-6548, that showed an increase in erythropoietin, immature red blood cells and hemoglobin with “no significant adverse events,” according to a statement from the Cincinnati-area drug developer. […]

News

Ohio drug, therapy companies share limelight at BIO convention

The Biotechnology Industry Organization international convention returns to Chicago this week — a nod to the importance of pharmaceutical and therapeutic companies in Midwestern states like Ohio. Drugmaking has history in Ohio. From Procter & Gamble Pharmaceuticals (NYSE: PG) in Cincinnati (sold last year to Irish drug company Warner Chilcott), to generic drugmakers Ben Venue […]

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Policy

Ohio universities, Procter & Gamble to speed ideas to market

The University System of Ohio’s 14 universities and consumer product giant Procter & Gamble (NYSE: PG) in Cincinnati have agreed to simplify the legal process of negotiating joint research projects with the intent of bringing ideas to market faster. Having a master contract to which a project’s unique terms could be added is expected to […]

Pharma

Warner Chilcott to shut former P&G pharma office; 250 jobs gone

The Irish company that acquired Procter & Gamble Co.‘s pharmaceutical division last year is shutting its Mason, Ohio, office to boost its operational effectiveness, cutting about 250 jobs, according to the Cincinnati Enquirer. Warner Chilcott plc plans to consolidate the work done in Mason at its U.S. headquarters in Rockaway, N. J., according to an […]

Policy

Gov. Ted Strickland: ‘I believe in Ohio’

Ohio Gov. Ted Strickland did not mention the terms "biomedical" or "health care" in his State of the State address at noon today. However, Strickland did announce several business investment, research and worker-training programs that could help companies in these industries grow and create jobs.

Hospitals

Cleveland Clinic gets grants, license agreement, invests in digital medicine — MedCity Evening Read, Dec. 8, 2009

The Cleveland Clinic has received a $2.75 million federal grant to study the use of stem cells in treating multiple sclerosis, received a grant of more than $123,000 from NFL Charities to explore treatments for shoulder instability, licensed a system to replace damaged or severed mitral valve chordae in the heart and invested $100 million in digital record-keeping.