The purging of the old guard installed by former chief exec Chris Viehbacher continued at French drugmaker Sanofi (SNY) Monday, when the firm’s global head for prostate cancer drug Jevtana, Zhen Su, left to find work outside the company. The company did not issue a release on Su’s departure but the press learned about it […]
The return on R&D investment for leading biopharmaceutical manufacturers fell to a nine-year low while the U.S. FDA approved a record-breaking amount of novel medicines during 2018.
In seeking innovative players that could change pharma and healthcare, Med Ad News found the developer of an app that helps people determine what illnesses are in their neighborhoods; the creator of a wearable injector that allows patients on biologics to receive these drugs outside the clinic; and a designer of a deep learning network aimed at giving pharma and healthcare companies a handle on their data.
The top performers of the launch class of 2016 have very little in common – aside from the fact that none of them came from a “classic” big pharma house.
Despite sagging stock prices, major investors in U.K.-based GlaxoSmithKline (GSK) indicated yesterday they are willing to give company CEO Andrew Witty time to turn the company’s fortunes around—but probably not too much time. GSK did not respond to a request for a statement in time for deadline. The Financial Times reported that shareholders have decided […]
THOUSAND OAKS, Calif., May 22, 2015 /PRNewswire/ — Amgen (NASDAQ:AMGN) today announced the Company has commenced termination of its participation in the co-development and commercialization of brodalumab with AstraZeneca (LON:AZN, STO:AZN and NYSE:AZN). Brodalumab, an investigational IL-17 inhibitor, is in development for patients with moderate-to-severe plaque psoriasis, psoriatic arthritis, and axial spondyloarthritis. The decision was […]
When drugs cost $1,000 a pill or $25,000 for a year of injections, insurers and employers want to make sure these prescriptions are being taken at the right place and at the right time and have the right outcome for the patient. After all, trends in insurance payment from private insurers as well as government […]
May 22, 2015By Mark Terry, BioSpace.com Breaking News Staff On Thursday May 21, Genentech (RHHBY) had a ribbon-cutting ceremony for the opening of Building 35, a 255,000-square-foot that will be the site for the company’s product development and bioinformatics units. Genentech did not respond to a request for an interview in time for deadline. Genentech […]
Amgen Inc said it will terminate a collaboration with AstraZeneca Plc to develop a psoriasis drug after it observed suicidal thoughts in the subjects of a trial. Amgen said such safety concerns would likely result in a restrictive label that could limit the number of patients using the late-stage experimental drug, brodalumab. The company […]
The speculation surrounding which big deal Pfizer Inc. (PFE) is likely to do in this white hot market reached another level Friday, after Mylan Executive Chairman Robert Coury said he viewed Pittsburgh, Penn.-based Mylan Inc. as a good fit for Pfizer if his company is successful in buying smaller generic drugmaker Perrigo Company (PRGO). Pfizer […]
Booming biotech Gilead Sciences, Inc. (GILD) is looking for “value-added” deals as opposed to ones that create synergies, the company’s chief financial officer told attendees at the UBS 2015 Global Healthcare Conference in New York this week, renewing speculation that Gilead may be looking to buy a large pharmaceutical operation with an existing research and […]
Indian drugmaker Strides Arcolab Limited is widening its portfolio of generics, saying Thursday it will buy Aspen Pharmacare Ltd.’s Australian unit for around $300 million. Strides said the deal is slated to close by the end of the second quarter. Aspen is a South African pharmaceutical company and the sale today pushes Strides and its […]
bluebird bio to Present LentiGlobin Clinical Data at 20th Congress of European Hematology Association Presenting new and updated data from HGB-205 study in beta-thalassemia major and severe sickle cell disease, including first patient with sickle cell disease ever treated with gene therapy Company to host investor call on Monday, June 15, 2015 at 8:00 […]