-
Bristol-Myers Squibb to acquire Inhibitex
NEW YORK — Bristol-Myers Squibb is buying Inhibitex for $2.5 billion, the companies said.
In a $26-per-share tender offer, Bristol will acquire the Alpharetta, Ga.-based developer of treatments for hepatitis C. Inhibitex's lead product is INX-189, an orally administered drug currently in phase-2 clinical trials.
-
Diplomat gains distribution rights for Eylea
FLINT, Mich. — Diplomat Specialty Pharmacy has received limited distribution rights for a neovascular age-related macular degeneration treatment.
The specialty pharmacy chain said it has received distribution of Eylea (aflibercept) injection from Regeneron Pharmaceuticals, the drug's manufacturer. Macular degeneration is diagnosed as either nonvascular (dry) or vascular (wet) and is a leading cause of blindness in older adults. The vascular AMD usually leads to more serious vision loss, Diplomat said.