PHARMACY

Conceive Magazine launches social-networking site for women

BY Alaric DeArment

ORLANDO, Fla. A magazine that gives readers advice on fertility and family planning has launched a social-networking site for women to connect, make friends and share experiences about trying to conceive and getting pregnant.

MyConceive, part of Conceive magazine’s recently relaunched Web site www.conceiveonline.com, allows users to create a profile, update their status, upload photos, post comments, create groups and all the other functions common on social-networking sites.

“I am so excited to provide the new MyConceive community to anyone seeking to start a family,” Conceive founder Kim Hahn stated. “We want to educate and celebrate the journey to parenthood, as well as empower women to share their stories and support each other through this experience.”

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GSK to develop inflammatory disease treatments with Chroma Therapeutics

BY Alaric DeArment

LONDON British drug maker GlaxoSmithKline will collaborate with fellow British pharmaceutical company Chroma Therapeutics to develop treatments for such inflammatory diseases as rheumatoid arthritis.

GSK announced Tuesday that it would work with Chroma to use Chroma’s proprietary esterase-sensitive motif technology, which uses amino acid esters to make drugs target cells that cause inflammatory diseases.

Under the terms of the collaboration with GSK’s Center of Excellence for External Drug Discovery, Chroma will seek to discover new pharmaceutical drugs in four discovery and development programs, receiving a “significant” up-front cash payment and an equity financing investment by GSK, as well as potential milestones, royalties and option fees, including possibly more than $1 billion in milestones.

“This agreement marks GSK’s continued efforts to access the best science and technology platforms worldwide,” GSK VP and head of the European CEEDD Shelagh Wilson stated.

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Takeda completes acquisition of IDM Pharma

BY Alaric DeArment

OSAKA, Japan Japanese drug maker Takeda Pharmaceutical Co. completed its tender offer for a company that develops cancer drugs.

Takeda announced Tuesday that it had completed its tender offer to acquire all outstanding shares of IDM Pharma for $2.64 per share, with about 86% of IDM shares tendered.

The two companies originally agreed to the acquisition in May, with Takeda showing particular interest in IDM’s malignant bone cancer drug Mepact (mifamurtide), which European regulators approved in March for marketing in the European Union, Iceland, Liechtenstein and Norway.

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