U.S. biotech firm SkyePharma has signed a $4 million deal with Sydney-based contract research organization Novotech. According to the deal Novotech will run pediatrics-related clinical trial for SkyePharma. Novotech's...

Reuters - U.S. states squared off against each other on Monday in a battle to capture jobs and revenue generated by the burgeoning biotechnology industry.

Reuters - Swiss biotech firm Serono confirmed on Sunday that it was facing class action in a U.S. court after pleading guilty late last year to illegally promoting its AIDS drug Serostim.

Reuters - Biotech company ImClone Systems Inc. said on Thursday it reached a deal with the U.S. Internal Revenue Service to resolve a dispute over an employment tax audit, in which it will pay $32 million to the IRS.

Reuters - Bayer has acquired Icon Genetics AG, a Munich-based biotech firm, for an undisclosed price, the German chemicals and drug maker said on Wednesday.

Reuters - German biotech company Evotec has signed an exclusive global licensing deal with Swiss drugmaker Roche for two compounds in Phase I clinical development for the treatment of Alzheimer's disease.

Reuters - U.S. stocks were slightly lower on Friday after sales of new U.S. homes fell sharply in November, but the Nasdaq stayed in the black as investors bought up outsourcing companies after talk of a deal in the sector and got some good news in the biotech companies.