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Alliance for Building Better Medicine receives $1M award
The Alliance for Building Better Medicine — a group of public and private pharmaceutical manufacturers and research organizations in Richmond and Petersburg — will receive a $1 million award from the U.S. National Science Foundation. Richmond-based innovation incubator Activation Capital, which convened the alliance four years ago, announced last week the group would receive an […]
Gov. proposes $90M to launch ‘Va. Research Triangle’
In a preview of his 2024-26 proposed budget, Gov. Glenn Youngkin announced Monday that he is including $90 million in one-time funds to create “Virginia’s Research Triangle,” a network between the University of Virginia, Virginia Commonwealth University and Virginia Tech to build collaboration in biotechnology, life sciences and pharmaceutical manufacturing. Youngkin’s bien[...]
Chesterfield pharma company to pay $30M in Suboxone settlement
Chesterfield County-based pharmaceutical manufacturer Indivior Inc. has reached a $30 million settlement agreement in a federal class-action antitrust lawsuit brought by a group of health plans over the manufacturer’s opioid addiction treatment drug, Suboxone. The global parent company, Indivior PLC, announced the settlement Monday, and the plaintiffs filed a memorandum in support of the set[...]
PharmaVille
A coalition of public and private sector partners is hoping to write a new chapter for Central Virginia — and ultimately the country — in its mission to fight drug shortages and create low-cost medications. Anchored by wet labs and research and development in Richmond and manufacturing in Petersburg, the Alliance for Building Better Medicine aims […]
