Experimental Drug Burns Fat Even on a High-Fat Diet

A team of French scientists has said that they have discovered a fat burning drug that "tricks the body into burning off fat," even while on a high fat diet. The drug, called SRT1720 has so far only been successfully tested on mice by a team of scientists at the University of Louis Pasteur.

Mylan gets nod to market UCB’s epilepsy drug

Mylan Inc., the biggest US maker of generic drugs, has informed that it has received approval to market a generic version of Levetiracetam Tablets.

The company said that Food and Drug Administration has approved its application to market generic versions of the drug, also called Levetiracetam, in 250 milligram, 500 mg and 750 mg tablets.

Levetiracetam Tablets are the generic version of UCB Pharma's Keppra, which is indicated as adjunctive therapy in the treatment of partial onset seizures in adults and children 4 years of age and older with epilepsy.

Cardiovascular System to merge with Replidyne

Cardiovascular Systems Inc. (CSI) has entered into a definitive merger agreement under which CSI will merge with Struggling biotech company Replidyne Inc in an all-stock merger valued at up to $40 million.

CSI is a medical device company focused on developing and commercializing interventional treatment systems for vascular disease.

Genzye Corp inks alliance with Orisis Therapeutics

Genzye Corp. has signed a stem cell treatment development and sales deal with stem cell company Orisis Therapeutics to develop two new treatments.

Under the deal, Genzyme will make an upfront $130 million payment to Osiris for rights to the company's developing Prochymal and Chondrogen treatments.

An official release stated that Osiris would commercialize both drugs in the U.S. and Canada, while Genzyme would have sales rights in all other countries.

Apart from this, Osiris could receive up to $1.25 billion in milestone payments, based on the drugs' development and eventual sales.

Bayside Capital acquires Flight Express

Bayside Capital, Inc. has notified that its affiliate has acquired Flight Express, Inc.

Florida-based Flight Express is a premier provider of high-security, same-day air courier services to banking and life sciences customers in the South and Midwest region.

The company is the world's largest operator of Cessna 210 aircraft and operates 84 aircraft from facilities in eight states. The firm provides value-added, time-critical aviation services to a diverse set of customers in the most service-intensive, cost-effective manner possible.

Pages

News in Focus

Porsche unveils final production version of ‘Taycan’ all-electric car

German automaker Porsche officially unveiled the final production version its first all-electric car -- the ‘Taycan’ -- on Wednesday, September 4, 2019.

BMW to discontinue hybrid i8 production by April 2020

In a recent press release, German automaker BMW has indicated that it will stop producing its i8 plug-in hybrid sports car from April 2020.

Fraunhofer ISE develops EV solar roof with highly efficient solar cells

Germany-based Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE) has developed solar roofing for electric vehicles (EVs), in an apparent effort to increase their driving range.

CNH Industrial invests $250M in e-truck start-up Nikola

In a recent statement, UK-headquartered capital goods company CNH Industrial has revealed that it is making a $250-million investment in US startup Nikola, which specializes in the production of el

Evergrande cooperates with Benteler and FEV to advance its EV plans

According to Chinese media reports, the country’s renowned real estate group Evergrande is cooperating with two German companies to advance its ambitious electric vehicle (EV) plans.

Virginia plans Electrification of Public School Buses

In a recent announcement underscoring an environment-friendly move, the US state of Virginia has said that it is planning the electrification its public school bus fleets.

Charter Plane Start-up Quantum Air will purchase 26 small electric aircraft

In a recent announcement, Los Angeles-based charter start-up Quantum Air has revealed that it has signed an agreement with Denver-based Bye Aerospace, for the purchase of 26 small electrically-powe