PharmaGossip

3M Co. today said it bought the manufacturing and marketing rights for an oral rinse known as Peridex from Zilla Inc. for $9.5 million.

Shareholders of up-and-down Dendreon Corp. received good news Thursday when company officials said the Food and Drug Administration provided encouraging news on the drug company's prostate cancer drug Provenge.

Macroflux Corp., an emerging specialty pharmaceutical company, on Thursday named M. Cory Zwerling president and chief executive.

Geoff McKay, CEO of regenerative technology company Organogenesis Inc., said Gov. Deval Patrick's recent $1 billion pledge of support for life sciences was a tipping point in the Canton-based company's decision to stay in the Bay State.

Avalon Pharmaceuticals Inc. has closed on a private placement of its stock that generated gross proceeds of $20 million.