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Cytos Biotechnology AG (Schlieren, Switzerland) has entered into an exclusive global research, option, and license agreement with Pfizer Vaccines LLC (Pfizer, New York, NY) to research, develop, manufacture, and commercialize novel vaccines for a defined number of human diseases.

Genentech, Inc., (South San Francisco, CA) has formed a special committee of its Board of Directors to assess the proposal from the Swiss drug-maker Roche (Basel, Switzerland) to take over the remaining shares of the American biotech giant.

Enough Republicans sided with Democrats last month to approve legislation canceling a scheduled 10.6% cut in Medicare fees for physicians. In doing so, the legislators tacked on dozens of provisions pleasing to beneficiaries and providers alike.