The FDA approved its first radioactive diagnostic dye designed to map out the characteristic tau protein tangles found in the brains of people with Alzheimer’s disease—information that previously required an autopsy.
As Jan Lundberg exits as president of Lilly Research Laboratories, the incoming boss, Dan Skovronsky, discussed the changes in direction he plans for Eli Lilly’s research business with analysts with Bernstein.
Eli Lilly and Co. Inc. has acquired two experimental products under development for use in diagnosing Alzheimer’s, and put its Philadelphia subsidiary in charge of further developing and validating them.
Avid Radiopharmaceuticals, Inc., a molecular imaging company, today announced the closing of a $26 million Series C financing. This financing was co-led by AllianceBernstein LP and Safeguard Scientifics, Inc. (NYSE: SFE), with additional funding provided by previous Avid investors, including Pfizer Strategic Investments Group (investment group of Pfizer, NYSE: PFE) Lilly Ventures (venture arm of Eli Lilly, NYSE: LLY), RK Venture Group, and BioAdvance (Biotechnology Greenhouse of Southeastern Pennsylvania).
Avid Radiopharmaceuticals, Inc., a leader in the development of molecular imaging products, today announced it completed the first closing of a $34.5 million Series D financing led by Alta Partners, a leading life sciences venture capital firm. Also participating in the financing were existing investors AllianceBernstein, Safeguard Scientifics (NYSE:SFE), Pfizer Venture Investments (investor group of Pfizer, NYSE:PFE), Lilly Ventures (venture arm of Eli Lilly, NYSE:LLY), RK Ventures Group, LLC and BioAdvance (Biotechnology Greenhouse of Southeastern Pennsylvania).
Eli Lilly and Company, the giant American drug company, agreed to pay nearly $1.5 billion in fines for marketing one of its medicines for uses not approved by the Food and Drug Administration, the Justice Department announced Thursday.