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Alere shareholders have voted to approve the company’s acquisition by Abbott for $5.8 billion. Alere said that more than 98% of the votes cast at a special meeting voted in favor of the acquisition.
Chicago mayor Rahm Emanuel reportedly is supporting an ordinance that would require pharmaceutical sales representatives to carry a special license to work. The ordinance, purportedly intended to combat opioid abuse, would impose a $750 annual licensing fee per sales rep p and mandate recordkeeping on sales practices. The reps would have to: track the number of health care professionals they contact, note whether the pharmaceutical company pays health care professionals for their time, describe the pharmaceuticals promoted, and disclose whether the reps leave samples with health care providers.
Braeburn Pharmaceuticals and Camurus have expanded their collaboration and license agreement from 2014 to include buprenorphine combination products. The first drug candidate within the expanded scope, (CAM2058), is an extended release injectable combination of buprenorphine and granisetron in the FluidCrystal injection depot technology. CAM2058 has completed formulation development and non-clinical evaluation and is being transferred to clinical development during the fourth quarter of 2016 for preventing and treating postoperative pain, nausea and vomiting.
Isto Technologies, an orthobiologics company working to develop ways to repair and regenerate damaged or injured cartilage and bone, has acquired medical-device company Arteriocyte Medical Systems Inc. Isto Holdings will combine the two companies under the name Isto Biologics and focus on offering evidence-based solutions to expand its spine, orthopedics and functional-medicine product portfolios.