The Day In Review: Abraxis BioScience, Inc. Signs Deal With AstraZeneca PLC (AZN)

4/27/2006 5:47:22 PM

April 27, 2006 -- Abraxis signed a cross-licensing deal with AstraZeneca, trading co-promotion rights to cancer drug Abraxane for anesthetic/analgesic drugs; Bristol-Myers Squibb and Gilead submitted another HIV combination pill to the FDA for approval; Digene touted its HPV test as a way to protect against HPV and cervical cancer; Senesco said cancerous mice injected with a proprietary gene lived 3.5 times as long; Novartis laid off 111 Chiron employees and completed filing for FDA approval of a high blood pressure drug; Ilypsa outlicensed the Japanese rights for a dialysis drug; and Siemens will pay $1.86 billion to acquire Diagnostic Products. The Centient Biotech 200™ traded a big 49 points higher to 3765.76, a rise of 1.31%. More details...

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• ChinaBio Today

• Digene Corporation

• Chiron Corporation (now Novartis Vaccines & Diagnostics)

• Bristol-Myers Squibb Company

• Abraxis BioScience, Inc. (Acquired by Celgene Corporation)

• Gilead Sciences, Inc.

• Novartis Corporation

• AstraZeneca PLC