Singapore, May 27 -- Medical device firm, Biosensors, acquired Spectrum Dynamics, an advanced functional assessment technology company, for $51 million. Biosensors will get potential earn-out payments upon fulfilling certain performance criteria....

Singapore, May 27 -- Inex Innovations Exchange (Inex), a women's health diagnostics company based in Singapore, and BGI Clinical Laboratories, are expanding their Non Invasive Prenatal Test (NIPT) iGeneScreen to include the detection of fetal sex chromosome abnormalities. iGeneScreen currently detects Down's syndrome (trisomy 21 or T21), Edward's syndrome (trisomy 18...

Singapore, May 27 -- Australian infectious disease therapy and vaccine development company, BioDiem, has received allowance of Japanese patent for its novel antimicrobial compound, BDM-I....

India, May 27 -- On May 13, 2013, Indian drug major Ranbaxy pleaded guilty to charges related to drug safety. The company admitted to have sold drugs that did not adhere to the good manufacturing practices (GMP) set by the US FDA. Further, Ranbaxy confessed to have made intentionally false statements to the investigators to boost sales in the US. The fines and...

Singapore, May 27 -- Japan's technology company, Arkray is investing $9.1 million over a five-year period in a research venture and collaboration with A*Star's Institute of Bioengineering and Nanotechnology (IBN), Singapore....

Singapore, May 27 -- Major pharmaceutical companies, including some that are now subsidiaries of giants Pfizer, Bayer and Roche, conducted several shady drug trials in East Germany during 1989-90, according to German weekly news magazine, Der Spiegel....

Singapore, May 27 -- Agilent Technologies, Glyco-MEV laboratory at the University of Rouen, France, and Bioprocessing Technology Institute (BTI) at the Agency for Science, Technology and Research (A*STAR), Singapore, have signed a memorandum of understanding (MoU) to work together in order to develop tools to effectively analyze biologics and vaccines.BTI is currently...

Singapore, May 27 -- Merck, known as Merck Sharp & Dohme (MSD) outside the US and Canada, provided update on its clinical program for preladenant , which is an investigational adenosine A2A receptor antagonist for the treatment of Parkinson's disease (PD). An initial review of data from three separate phase III trials did not provide evidence of efficacy for...

Singapore, May 27 -- The US FDA has sent Indian drugmaker, Wockhardt, an import alert notifying that the import of all drugs manufactured at its Aurangabad production unit in India have been banned. In April 2012, officials from the US FDA had conducted an inspection at one-of-the-three manufacturing units owned by Wockhardt, which is India's ninth biggest...

Singapore, May 27 -- Johnson & Johnson (J&J) is contemplating the thought of treating depression using popular street drug ketamine, in what is being viewed as a major breakthrough in psychiatry....