RediClinic’s Kersey named as partner at Camden
BALTIMORE Camden Partners, an independent private equity firm based here, has named former RediClinic executive Christopher Kersey as a partner.
Prior to joining Camden Partners, Kersey served as a managing director of Cogene Ventures, a health care and life science venture capital fund in the South.
Kersey gained operational experience as the chief development officer and chief medical officer of retail clinic operator RediClinic LLC. His clinical research background includes fellowships at the National Institutes of Health (NIH) and the Emory University School of Medicine, where he focused on molecular biology and cardiovascular surgery, respectively.
Lannett’s generic antibiotic receives FDA approval
PHILADELPHIA The Food and Drug Administration has approved Lannett Company’s application for a generic version of Par Pharmaceutical’s Adoxa, Lannett announced Friday.
The drug, known generically as doxycycline tablets, will be available in doses of 75 mg and 150 mg.
Combined sales of generic doxycycline tablets in those doses were $25.8 million in 2007, according to Wolters Kluwer. The drug is an antibiotic used for urinary-tract infections, sexually transmitted infections, acne and others.
Pfizer to shift some biotech workers to California
SAN FRANCISCO Pfizer is planning on moving about 100 of its employees, including the headquarters of its new Biotherapeutics and Bioinnovation Center, to San Francisco, according to the San Francisco Business Times. The new location will be used to help develop Pfizer’s biotech pipeline.
Pfizer agreed Friday to a long-term lease of almost the entire five-story, 105,000-square-foot west wing of Alexandria Real Estate Equities planned office/laboratory complex in Mission Bay.
Pfizer will move to the complex starting in early 2010, according to a company spokeswoman. Biotech industry veteran Corey Goodman, who was hired last year when the BBC was created, will head the new BBC location.
According to Goodman, “as much as 25 percent of Pfizer’s pipeline could be in biotherapeutics, and one in five drugs on the market would be a biotherapeutic.”