SonoSite Takes Over CardioDynamics
SonoSite has acquired CardioDynamics. Under the terms of the agreement, CardioDynamics will become a wholly-owned subsidiary of SonoSite and CardioDynamics’ shareholders will receive $1.35 per share in cash.
Swedish Orphan Biovitrum (Sobi) has received a complete response letter from the US Food and Drug Administration (FDA) regarding its biologics licence application for nanoencapsulated sirolimus plus pegadricase (NASP), an investigational therapy intended for adults with uncontrolled gout.
Labopharm has commented on the outcome of patent-infringement litigation initiated by Purdue Pharma Products against Par Pharmaceutical, relating to Ultram ER (tramadol hydrochloride extended-release tablets). The patents-in-suit are