Navigation Links
Synovics Pharmaceuticals forms a Strategic Joint Venture with Maneesh Pharmaceuticals
Date:6/12/2008

FT. LAUDERDALE, Fla., June 12 /PRNewswire-FirstCall/ -- Synovics Pharmaceuticals, Inc., (OTC Bulletin Board: SYVC) a specialty pharmaceutical company, announced today that on June 6, 2008, it formalized a strategic partnership with Maneesh Pharmaceuticals, LTD ("Maneesh") through the formation of a joint venture ("JV"). The JV between the companies is intended to be used as a vehicle for Synovics to have access to assets of Maneesh including personnel, drug development, operating and management systems and manufacturing. The terms of the JV provide that the Company will pay Maneesh a modest monthly fee beginning in six months and reimbursement for certain costs. There is no anticipated sharing or other distribution of Synovics' profits with Maneesh in the JV, although the parties may agree to certain fees for products or technology licensed in the future. The Company announced on May 15, 2008 that Maneesh had completed a second financing of $5 million bringing Maneesh's investment in the Company to a total of $12 million. In addition to the new capital, Maneesh assumed a guarantee that the Company has with the Bank of India in the amount of $6.55 million, allowing the Company to fully release the previous guarantors of Nirmal Mulye and Nostrum Pharmaceuticals, Inc. Maneesh has three representatives on Synovics' board of five directors.

"The strategic JV with Maneesh, together with the previously announced partnership with Harcharan ("Harry") Singh, represents a new beginning for Synovics. The Maneesh/Singh alliances completes our goal of establishing a foundation in India for our "Front-End" strategy -- a strategy of sourcing lowest cost, highly competitive generic drug products from India, marketed to our US customers through our Ft Lauderdale operations," stated Ronald Howard Lane, Ph.D., Synovics' Chairman and Chief Executive Officer. "Maneesh provides a critical high quality competitive manufacturing technology as a cornerstone of this strategy. In
'/>"/>

SOURCE Synovics Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6

Related medicine news :

1. Arena Pharmaceuticals to Present at the NewsMakers in the Biotech Industry Conference
2. Schering-Plough/Merck Pharmaceuticals Announce FDA Filing Acceptance of New Drug Application for Loratadine/Montelukast Tablet
3. Provectus Pharmaceuticals, Inc. Begins Phase 2 Clinical Trial for Metastatic Melanoma
4. Idenix Pharmaceuticals to Present at Two Upcoming Investor Conferences
5. Vista Partners Updates Coverage on Tapestry Pharmaceuticals
6. Transcept Pharmaceuticals, Inc. to Present at UBS 2007 Global Life Sciences Conference
7. Crystal Research Associates, LLC Issues Executive Informational Overview(R) (EIO(R)) on Tapestry Pharmaceuticals, Inc.
8. Amylin Pharmaceuticals to Webcast Corporate Overview During 43rd Annual Meeting of the European Association for the Study of Diabetes
9. Major Pharma Clinical Case Studies From Amgen, AstraZeneca, GSK, Intermune, Cephalon Inc, Sunesis Pharmaceuticals and Dartmouth Medical School During Fall Clinical Focused Programs
10. Provectus Pharmaceuticals, Inc. releases summary results of phase 1 metastatic melanoma study
11. Class Settlement Could Result in Considerable Savings for Certain Consumers of Prescription Pharmaceuticals
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/27/2015)... 2015 CRN International, the radio marketing ... new Chief Financial Officer. , Prinner most recently was ... that held financial/operational executive positions at telecom and technology ... Communications, Utilicom, and SNET. His accounting and consulting ... CRN, Prinner will be able to tap into his ...
(Date:5/27/2015)... (PRWEB) May 27, 2015 Danish scientists ... line” biomarkers that have the potential to help in ... to read the full story that has just ... University in Aalborg, Denmark say new biomarkers found in ... outlook for patients with malignant mesothelioma . ...
(Date:5/27/2015)... Widely regarded as being Arizona’s ... adults ages 18 to 40, Scottsdale Recovery Center ... Joint Commission. The announcement follows SRC’s recent ... entailing a number of added clinical services, among ... treatment program in lieu of a growing national ...
(Date:5/27/2015)... MA (PRWEB) May 27, 2015 Join us ... . This family-friendly event seeks to spread awareness of brain ... promoting an overall appreciation for life. , The 3rd ... off from the Braham Area Community Center located at 655 ... Registration opens at 8:00am, while the 5K Walk/Run kicks off ...
(Date:5/27/2015)... (PRWEB) May 27, 2015 This year, ... health awareness campaign and encouraging those affected to seek assistance ... Mental Health (NAMI), one in five children, ages 13 ... illness. Additionally, 50% of all cases of mental illness within ... suggesting, it is essential to seek help before reaching a ...
Breaking Medicine News(10 mins):Health News:CRN International Names New Chief Financial Officer 2Health News:New Report Highlights Current and Emerging Biomarkers for Mesothelioma, According to Surviving Mesothelioma 2Health News:Arizona Drug Treatment Center SRC Announces JCAHO Accreditation 2Health News:Renowned Brain Aneurysm Foundation to Benefit from 3rd Annual Appreciation for Life 5K Walk/Run in Braham, MN Being Held on June 6th 2Health News:The Glenholme School Observes Mental Health Awareness Month 2Health News:The Glenholme School Observes Mental Health Awareness Month 3
... similar ailment experienced these subtle attacks, scientists say , , ... genetically altered to develop an Alzheimer,s-like illness undergo "silent" ... College of Medicine, the seizures may explain why some ... The seizures observed in the mice would not be ...
... Tenn., Sept. 5 NFL great Eddie George,believes there,s ... 40 to stay fit and,prevent disease -- and more ... to,undertake a six month experiment to see if he,s ... such stars as Donovan McNabb, Jerome Bettis,Reggie Wayne and ...
... 5 Your child has been,playing outside. His hands are ... a nightly ritual in millions of homes all over the ... washing isn,t just about dirt. The U.S. Centers for Disease,Control ... important,things children can do to help stay healthy. According ...
... Shipcom Wireless, Inc., a leading,global provider of ... mobility and RFID solutions, announced,today that it will ... second,generation Electronic Product Code (EPC Gen. 2) RFID ... Group,s Future Store Initiative. The Future Store ...
... Fitness Systems,based in Gaithersburg, Maryland, has been named ... which just released its,2007 Inc. 5000 ranking of ... be found on Inc. magazine,s website at ... Heartline achieved a 65.6% growth rate in ...
... Close Up TV News recognizes Dr.,David Cohen of ... and patient care. To view the Multimedia News ... and highly respected cardiologist for over 20 years,Dr. Cohen ... wide variety of new,catheter-based therapies for vascular diseases. Circulatory ...
Cached Medicine News:Health News:Alzheimer's Patients May Suffer 'Silent' Seizures 2Health News:Mothers Know Best: NFL Moms Team With Eddie George to Showcase a Better Way to a Healthier Lifestyle 2Health News:When Should Children Wash Their Hands? 2Health News:Shipcom Partners With DOKUMENTA for METRO's Future Store Initiative 2Health News:Shipcom Partners With DOKUMENTA for METRO's Future Store Initiative 3Health News:Heartline(R) Fitness Systems Named to Inc. Magazine's Inaugural List of the 5000 Fastest Growing Private Companies in U.S.... 2Health News:Video: Circulatory Care of New Jersey 2
(Date:5/27/2015)... , May 25, 2015 Research and Markets ... of the "Research and Future Development Trend Forecast ... offering. At present, there are 35,600 dialysis ... concentration ratio are large due to the different regional ... dialysis centers in other Asian countries are operated by ...
(Date:5/27/2015)... 2015  Relmada Therapeutics, Inc. (OTCQB: RLMD), a clinical-stage ... pain, announced today that it will present at the ... 2015 at the Luxe Sunset Hotel in ... presentation by Michael Becker , Relmada,s senior vice ... begin at 2:00 p.m. PT/5:00 p.m. ET. A live ...
(Date:5/27/2015)... , May 27, 2015  Halozyme Therapeutics, Inc. ... (Ventana), a member of the Roche Group, announced today ... and for Ventana to ultimately commercialize, a companion diagnostic ... The Ventana assay will be used ... a glycosaminoglycan – a chain of natural sugars distributed throughout ...
Breaking Medicine Technology:China Dialysis Market Report: Research and Future Development Trends and Forecasts 2015-2020 2Relmada Therapeutics to Present at the 2015 LD Micro Invitational Conference 2Relmada Therapeutics to Present at the 2015 LD Micro Invitational Conference 3Halozyme, Ventana Enter Into Global Agreement To Collaboratively Develop Companion Diagnostic For Cancer Treatment 2Halozyme, Ventana Enter Into Global Agreement To Collaboratively Develop Companion Diagnostic For Cancer Treatment 3Halozyme, Ventana Enter Into Global Agreement To Collaboratively Develop Companion Diagnostic For Cancer Treatment 4Halozyme, Ventana Enter Into Global Agreement To Collaboratively Develop Companion Diagnostic For Cancer Treatment 5
... SAN DIEGO , Jan. 20, 2010 Amylin Pharmaceuticals, ... for the fourth quarter and full year 2009 on Wednesday, January ... . Daniel M. Bradbury , Amylin,s president and chief executive officer, ... financial results for the fourth quarter and year ended December 31, ...
... 20 Roper Industries, Inc.   (NYSE: ... of 2009, ended December 31, 2009 , will be released before ... call to discuss these results has been scheduled for 8:30 AM ... be accessed via webcast or by dialing +1 888-539-3679 (US/ Canada ) ...
Cached Medicine Technology:Amylin Pharmaceuticals to Webcast Year-End Financial Results 2
The SJM Sguin annuloplasty ring, a semi-rigid ring, is constructed of a one-piece solid core of ultra-high-weight polyethylene enclosed in a knitted polyester sewing cuff....
Diagnostic and laboratory test reference. Get help with test preparation, interpretation, follow-up, and reimbursement....
... HIPAA-compliant wireless technology that makes fully ... and personnel a reality. This advance ... or levels means a ... shorter hospital stays and improved outcomes. ...
... Focus from Thermo Labsystems was designed specifically ... Advanced features such as the new fast ... on microvolumes help to define this as ... The new interchangeable handle plate offers a ...
Medicine Products: