Clusterstock  Jun 6  Comment 
WASHINGTON (Reuters) - Pharmaceutical companies Genentech and OSI Pharmaceuticals LLC will pay $67 million to resolve allegations they made misleading statements about the effectiveness of the drug Tarceva to treat lung cancer, the U.S. Justice...
FierceBiotech  May 14  Comment 
Tokyo-based Astellas Pharma is rolling out a major R&D restructuring effort, shuttering facilities at its OSI Pharmaceuticals and Perseid Therapeutics subsidiaries and cutting back its work at the Astellas Research Institute of America to focus...
FierceBiotech  Jan 10  Comment 
Astellas may offload some of the assets it acquired in its $4 billion buyout of OSI Pharmaceuticals. In a release, the company said it's mulling the strategic alternatives for subsidiary Prosidion, which it acquired in the course of its OSI deal....
FiercePharma  Oct 6  Comment 
Astellas has confirmed that it will keep 90 of the 240 employees at OSI Pharmaceuticals' operations in Farmingdale, NY. "By providing OSI employees with more clarity regarding the plans for the integration and organizational decisions, we hope to...
FiercePharma  Jul 30  Comment 
Astellas Pharma is the latest drugmaker to plan a shutdown of U.S. facilities. The Japanese company will shutter operations in Ardsley and Melville, NY, both of which it acquired in the $4 billion buyout of OSI Pharmaceuticals, Dow Jones...
StreetInsider.com  Jun 18  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/OSI+Pharma+%28OSIP%29+Updates+Conversion+Date+on+2%25+Convertible+Senior+Notes+Due+2025/5743188.html for the full story.
Japan Today  Jun 4  Comment 
Astellas Pharma Inc said Thursday its buyout bid for U.S. cancer drugmaker OSI Pharmaceuticals Inc has succeeded, as it has secured OSI shareholders' consent to…
New York Times  Jun 3  Comment 
Astellas Pharma of Japan said Thursday that it had wrapped up its initial tender offer for shares in OSI Pharmaceuticals, coming one step closer to wrapping up the $4 billion all-cash deal that will drive Astellas's growth in oncology treatments.
StreetInsider.com  May 26  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/S%26P+Announces+Changes+to+US+Indices%3A+TSCO+for+OSIP+in+S%26P+MidCap+400%2C+HITK+for+TSCO+in+SmallCap+600/5678089.html for the full story.
Penny Stock DD  May 18  Comment 
I have mentioned this stock many times prior to now as one to Watch. Well here is the news and I was "dead on" . Japan's Astellas Pharma Is the Latest Company to Go Global to Dodge Patent Problems By Kerri Shannon, Associate Editor, Money...


OSI Pharmaceuticals, Inc. (OSIP) is a biotechnology company focused on the discovery, development and commercialization of high-quality, next-generation oncology products that both extend and improve the quality of life for patients worldwide. The company's leading drug is Tarceva, which it has developed in collaboration with Genentech (DNA) and Roche Holdings. Tarceva (erlotinib HCl), a small molecule inhibitor of the epidermal growth factor receptor (EGFR), is designed to specifically block the activity of the HER1/EGFR protein, which is often over-expressed or mutated in many solid cancerous tumors. OSI Pharmaceuticals believes the drug may be useful in treating a wide range of cancer patients. During the fourth quarter of 2005, OSI Pharmaceuticals completed its planned acquisition of Eyetech Pharmaceuticals. Since that time the eye business and sales of Macugen have tanked. The acquisition of Eyetech has been a complete failure and significant shareholder value has been destroyed. Just over a year after the deal closed, OSI now records the Eyetech business as discontinued operations. Management plans to exit the eye business altogether in 2008.


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