Posts Tagged ‘pharmaceutical’

State to receive $35M from settlement with Pfizer

JACKSON — Mississippi will receive $532,675 part of a $35 million settlement with a Pfizer Inc. subsidiary over the marketing of an organ-transplant drug. Mississippi and 41 other states are involved in the settlement with Pfizer, the parent company of Wyeth Pharmaceuticals Inc. The deal resolves allegations Wyeth misrepresented the uses of the drug Rapamune. […] [...]

Pharma Pac lays off rest of workers; could end up owing state

DEKALB — A Kemper County drugmaker has laid off most of its remaining employees, making it likely that it will shut down while owing the state economic development money. A notice filed with the Mississippi Department of Employment Security reports Pharma Pac laid off 84 employees from its DeKalb facility on March 7. Kemper County […] [...]

MSU names drug company year’s best start-up

STARKVILLE — Sano Chemical, the company launched to develop an antifungal drug discovered at Mississippi State University, has received the university’s Faculty Start-up Company of the Year. Dr. Stephen Pruett, basic sciences department head at MSU’s College of Veterinary Medicine, said the award was given by the Office of Entrepreneurship and Technology Transfer at the […] [...]

Pharmaceutical companies to be acquired for $101M

MADISON — Pernix Therapeutics Holdings Inc., a specialty pharmaceutical company based in Texas, has entered into a definitive agreement to acquire Cypress Pharmaceuticals Inc., a privately owned generic pharmaceutical company, and Hawthorn Pharmaceuticals, Inc. (“Hawthorn”), a privately owned branded pharmaceutical company, both based in Madison. Under the terms of the agreement, Pernix will pay approximately […] [...]

Pharmacy school gets $10M biomedical research grant

OXFORD — The University of Mississippi and its School of Pharmacy have received a five-year, $10-million Centers of Biomedical Research Excellence, or COBRE, grant from the National Institutes of Health. COBRE is one of the main components for NIH’s Institutional Development Award program, which is designed to broaden funding for biomedical and behavioral research. The […] [...]

Late alumna Sciacca endows scholarship at UM School of Pharmacy

OXFORD — The University of Mississippi School of Pharmacy is offering a new scholarship thanks to the generosity of the late Madeline O. Sciacca of Slidell, La., who remembered her alma mater in her will. Sciacca, who obtained her pharmacy degree from UM in 1953, left $400,000 to the Ole Miss School of Pharmacy to […] [...]

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