FDA approves Ryzneuta by Evive Biotech for reducing febrile neutropenia in cancer patients

FDA approves Ryzneuta by Evive Biotech for reducing febrile neutropenia in cancer patients

Evive Biotech, a global biopharmaceutical company and a subsidiary of Yifan Pharmaceutical Co. Ltd., along with New Jersey-based Acrotech Biopharma, a wholly-owned subsidiary of Aurobindo Pharma USA Inc., announced the U.S. Food and Drug Administration (FDA) approval of Ryzneuta (Efbemalenograstim alfa). The medication is indicated to decrease the incidence of infection as manifested by febrile […]

Spectrum Pharmaceuticals to divest seven oncology drugs in $300m deal with Acrotech Biopharma

Spectrum Pharmaceuticals to divest seven oncology drugs in $300m deal with Acrotech Biopharma

In a major strategic move, Spectrum Pharmaceuticals, a prominent US-based biopharma company, has entered into a deal with Acrotech Biopharma, a subsidiary of Aurobindo Pharma USA, to sell seven FDA-approved oncology and hematology drugs for approximately $300 million. The decision is part of Spectrum’s broader strategy to pivot towards innovative cancer therapies, according to the […]