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Bristol-Myers Squibb completes Amira acquisition
NEW YORK — Bristol-Myers Squibb has completed its previously announced acquisition of another drug maker.
Bristol said it has completed the acquisition of small-molecule pharmaceutical company Amira Pharmaceuticals, based in San Diego, for $325 million. Amira's portfolio focuses on the discovery and early development of new drugs to treat inflammatory and fibrotic diseases.
The transaction was originally announced on July 21.
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FDA accepts new drug application from Vivus
MOUNTAIN VIEW, Calif. — The Food and Drug Administration has accepted a regulatory approval application for a drug made by Vivus for treating erectile dysfunction.
Vivus said it expected the Food and Drug Administration to complete its review of the application for avanafil by April 29, 2012.
"We are pleased with FDA's acceptance of our NDA," Vivus president Peter Tam said. "If approved, avanafil could be a valuable treatment alternative for the 18 million men in the United States that suffer from ED."