http://www.pharmabiz.com/images/pharm_logo.gif  Pharmabiz Today News News Headline from Pharmabiz.com http://www.pharmabiz.com/ Abbott to acquire Facet Biotech for about US$ 450 mn Abbott and Facet Biotech Corporation announced a definitive agreement for Abbott to acquire Facet, enhancing Abbott's early- and mid-stage pharmaceutical pipeline. http://www.pharmabiz.com/article/detnews.asp?articleid=54465 Thu, 11 Mar 2010 11:00:00 US FDA approves Botox to treat upper limb spasticity in adults Allergan, Inc announced that the United States Food and Drug Administration (FDA) has approved Botox (onabotulinumtoxinA) for the treatment of increased muscle stiffness in the elbow, wrist and fingers in adults with upper limb spasticity. http://www.pharmabiz.com/article/detnews.asp?articleid=54464 Thu, 11 Mar 2010 10:00:00 Cellzome enters second strategic drug discovery pact with GSK in inflammatory disease Cellzome announced that it has formed a second strategic alliance with GlaxoSmithKline (GSK). http://www.pharmabiz.com/article/detnews.asp?articleid=54463 Thu, 11 Mar 2010 09:00:00 State drug authorities start taking action against ads of ayurvedic products under Magic Remedies Act With the government getting tougher on the implementation of the Drugs and Magic Remedies (objectionable advertisement) Act, the drug control authorities have cancelled the licence of an ayurvedic product http://www.pharmabiz.com/article/detnews.asp?articleid=54462 Thu, 11 Mar 2010 08:00:05 Commerce ministry to embark on 'Brand India Promotion' in Africa from Mar 28 As part of a series of measures to counter the multinational companies'(MNCs) propaganda against the Indian generic drugs in the African countries, the Union Commerce Ministry will soon embark on yet another http://www.pharmabiz.com/article/detnews.asp?articleid=54461 Thu, 11 Mar 2010 08:00:04 SSIs urge DoP to extend PTUAS scheme to small pharma units too Ahead of the department of pharmaceuticals' (DoP) crucial meeting on Mar 11 to formulate the nitty-gritties of the proposed Pharmaceutical Technology Upgradation Assistance Scheme (PTUAS) http://www.pharmabiz.com/article/detnews.asp?articleid=54460 Thu, 11 Mar 2010 08:00:03 XCyton scouts for funding support for marketing its novel DNA macro chips India's start-up immunodiagnostic and molecular diagnostic major XCyton Diagnostic Pvt Limited is now on the look out for its next round of funds to market its novel DNA macro chips to detect virus http://www.pharmabiz.com/article/detnews.asp?articleid=54459 Thu, 11 Mar 2010 08:00:02 Union minister launches herbal drug, Ayusrem for swine flu, influenza viruses The Union minister of state for planning and parliamentary affairs, V Narayanasamy, has officially released the new ayurvedic drug 'Ayusrem', for swine flu and influenza viruses, invented by two Chennai based scientists, in Delhi on Mar 9. http://www.pharmabiz.com/article/detnews.asp?articleid=54458 Thu, 11 Mar 2010 08:00:01