Raleigh

Pharma

BDSI’s cancer pain product preps for Europe, triggers $2.5M milestone

The breakthrough cancer pain treatment developed by BioDelivery Sciences (NASDAQ:BDSI) International is making progress toward entering the European market, triggering a $2.5 milestone payment from BDSI’s drug partner Meda Pharmaceuticals. The milestone was triggered by registration and pricing approval of the drug Breakyl in Europe. Raleigh, North Carolina-based BDSI is due another $2.5 million upon […]

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Pharma

DARA securities sale nets $9.2M; proceeds to support cancer portfolio

The cancer products portfolio that DARA BioSciences (NASDAQ:DARA) has been building by acquisition now has more than $9 million in fresh capital to help bring those products to market. The pharmaceutical company has completed a securities offering of preferred stock and warrants, according to securities filings. Raleigh, North Carolina-based DARA sold 10,250 shares of preferred […]

Pharma

Patent award to BDSI triggers $15M milestone payment from Endo Pharma

A drug delivery technology patent awarded to BioDelivery Sciences International (NASDAQ:BDSI) has triggered a $15 million milestone payment from drug partner Endo Pharmaceuticals (NASDAQ:ENDP). Raleigh, North Carolina-based BDSI said today that the U.S. Patent and Trademark Office has formally awarded a patent for the company’s “Transmucosal Delivery Devices with Enhanced Uptake,” a patent that covers […]

Pharma

Sprout Pharma takes root raising $5M for sexual dysfunction drug

Could a female Viagra be developed? Sprout Pharmaceuticals wants to find out if it can make a so-called pink Viagra and it’s picking up where German pharmaceutical company Boehringer Ingelheim left off. Sprout acquired flibanserin, a compound that Boehringer pursued as a drug to treat hypoactive sexual desire disorder, or HSDD — essentially, diminished sexual […]

Policy

Wellness programs can put state health plan costs on a diet

Wellness programs that encourage workers to stop smoking or lose weight are showing up in more health insurance plans, state health plans included. But North Carolina’s State Health Plan took a different course this year. A comprehensive wellness plan introduced in 2009 was eliminated. Instead, the more than 664,000 teachers, state employees and retirees in […]

Pharma

Salix Pharmaceuticals prices $600M loan offering

Gastrointestinal treatments firm Salix Pharmaceuticals (NASDAQ:SLXP) aims to raise $600 million in debt financing. The Raleigh, North Carolina company has priced the $600 million offering of convertible senior notes, which is open to qualified institutional investors. Salix could raise up to $90 million more if purchasers exercise overallotment options. Interest on the notes will be […]