Week in Review: WuXi PharmaTech Co., Ltd. and PRA International, Inc. Form Clinical CRO JV

by Richard Daverman, PhD

December 22, 2012 -- WuXi PharmaTech is forming a JV with PRA, a US-based clinical-stage CRO, that will offer Phase I-IV clinical trial services in China; ShangPharma agreed to a go-private offer from its Founder and TPG group that values the CRO at $173 million; Guangzhou Techpool Bio-Pharma in-licensed the China rights to Bondronat, an oncology drug from Roche; AstraZeneca will collaborate with Fudan University to discover the mechanism behind a TCM product used to treat cardiovascular problems; and Omega Diagnostics, a Scottish test-maker, won approval from the SFDA to market its food allergy test in China. More details….

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