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QT Vascular has submitted an investigational device exemption to FDA to begin the pivotal study of Chocolate Touch, its drug-coated balloon, in the U.S. The company says the balloon has a unique nitinol constraining structure that cause it to open in a controlled uniform fashion compared to conventional PTA balloons.

BD (Becton, Dickinson and Co.) will collaborate with Sight Diagnostics Ltd. to introduce the Parasight Malaria Detection Platform in India. The companies says the platform uses computer vision technology to analyze blood samples for malarial parasites.

Allergan broke ground on a $200 million expansion of its Waco, TX facility to add 322,000 square feet of manufacturing space to the current facility. According to the company, the expansion will upgrade its manufacturing capabilities and capacity by adding a new raw material dispensary, an automated bulk formulation suite and ten new state-of-the-art production lines and warehousing space.

Lannett Company plans to co-develop a generic insulin pharmaceutical product for the U.S. market with Chinese partner YiChang HEC ChangJiang Pharmaceutical. Lannett says it will be responsible for clinical and regulatory steps for the product, currently in late stage development, so that I can be submitted to FDA.

AbbVie and CytomX Therapeutics have entered into a collaboration to co-develop and co-commercialize Probody drug conjugates against CD71 or transferrin receptor 1, which is highly expressed in a number of solid and hematologic cancers and has attractive molecular properties for efficient delivery of cytotoxic payloads to tumor cells. The companies says Probody therapeutics are designed to enhance the tumor-targeting features of an antibody and reduce drug activity in healthy tissues.

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