GE's decision, along with new move -
ins by drug companies such as Selvita, show the region is becoming an epicenter of the new global life sciences / technology economy, says Mark Stewart, senior vice president and branch manager in the Boston office of real estate services firm Savills Studley.
Not exact matches
Made
by companies like Gilead, AbbVie, Merck, and others,
drugs that treat the disease are listed at tens of thousands of dollars
in the U.S..
That could help curtail a true
drug crisis with devastating economic and social impacts — and which was sparked,
in large part,
by the actions of huge pharmaceutical
companies.
WORK undertaken
by researchers at the University of Western Australia has contributed to a dramatic rise
in interest
in a US
drug company.
The key is to avoid a
company that has only a few
drugs in the pipeline that one day may or may not be approved for use
by the FDA.
Shares of pioneering CRISPR gene - editing firm Editas fell 7 %
in early Tuesday trading after the
company announced that it would delay an initial FDA filing for clinical trials of one of its lead
drugs, LCA10, to the middle of next year (Editas had originally planned to file
by the end of 2017).
Rajiv Malik, president and executive director at EpiPen maker Mylan (essentially the
company's number two exec), has been named
in a wide - ranging civil suit alleging
drug price collusion
by numerous prominent generic
drug makers.
These risks and uncertainties include, among others: the unfavorable outcome of litigation, including so - called «Paragraph IV» litigation and other patent litigation, related to any of our products or products using our proprietary technologies, which may lead to competition from generic
drug manufacturers; data from clinical trials may be interpreted
by the FDA
in different ways than we interpret it; the FDA may not agree with our regulatory approval strategies or components of our filings for our products, including our clinical trial designs, conduct and methodologies and, for ALKS 5461, evidence of efficacy and adequacy of bridging to buprenorphine; clinical development activities may not be completed on time or at all; the results of our clinical development activities may not be positive, or predictive of real - world results or of results
in subsequent clinical trials; regulatory submissions may not occur or be submitted
in a timely manner; the
company and its licensees may not be able to continue to successfully commercialize their products; there may be a reduction
in payment rate or reimbursement for the
company's products or an increase
in the
company's financial obligations to governmental payers; the FDA or regulatory authorities outside the U.S. may make adverse decisions regarding the
company's products; the
company's products may prove difficult to manufacture, be precluded from commercialization
by the proprietary rights of third parties, or have unintended side effects, adverse reactions or incidents of misuse; and those risks and uncertainties described under the heading «Risk Factors»
in the
company's most recent Annual Report on Form 10 - K and
in subsequent filings made
by the
company with the U.S. Securities and Exchange Commission («SEC»), which are available on the SEC's website at www.sec.gov.
Martin Shkreli, unaffectionately known as the «pharma bro» — and infamous for his decision to hike the list price of Daraprim, a
drug used
by HIV / AIDS and cancer patients to combat infections,
by more than 5,000 %
in 2015 under his former
company Turing Pharmaceuticals — was convicted on three criminal securities fraud and conspiracy charges
by a Brooklyn jury on Friday.
That research will be crucial: An earlier effort
by another
company, Pathway Genomics, to create a «liquid biopsy» for cancer was greeted
in September
by a stern letter from the Food and
Drug Administration (FDA) warning that the agency had «not found any published evidence that this test or any similar test has been clinically validated as a screening tool for early detection of cancer
in high risk individuals.»
Prior to Sucampo, he served as Chief Scientific Officer of Ambrx Inc., a clinical - stage biopharmaceutical
company focused on the development of antibody -
drug conjugates (ADCs) that was acquired
by a consortium led
by Fosun Pharmaceutical Group
in 2015.
Fortescue Metals Group's Christmas Creek iron ore mine site has been raided for
drugs by WA Police, working
in cooperation with the
company, as part of a crackdown of mine sites across the state.
The
company is selling a thing (the kit)
by saying it can provide «health reports on 254 diseases and conditions,» including categories such as «carrier status,» «health risks,» and «
drug response,» and specifically as a «first step
in prevention» that enables users to «take steps toward mitigating serious diseases» such as diabetes, coronary heart disease, and breast cancer...» Most of the uses «listed on your website, a list that has grown over time,» the FDA writes, «are medical device uses [for the] Personal Genome Service.»
Celgene's patents likely won't be challenged
by its rivals anytime soon — its three main patents expire
in the 2020s,
by which point the
company will have made a considerable amount of money on the
drugs.
The memory - eating disease, expected to afflict 15 million Americans
by 2060 (and tens of millions more around the world as life expectancy increases), has no cure; a new
drug for the condition hasn't been approved
in well over a decade; initially promising experimental treatments seem to be failing with clockwork regularity; and there's not even a definitive consensus on what, exactly, biopharma
companies should focus on while developing Alzheimer's medicines.
Since it takes several rounds of discussions to understand something as complicated as
drug development, this was a boon to fledgling biopharma
companies, and VC funding
in the space was booming
by 2013.
The article described how an internal investigation conducted
by a
company executive, Dinesh Thakur, who went on to become a whistleblower, reported appalling deceit: Ranbaxy scientists substituted cheaper, lower - quality ingredients
in place of better ingredients, manipulated test parameters, and even bought brand - name
drugs and used them
in place of their own generics to win FDA approval.
There's been a recent trend
in biopharma where some
companies, led
by Allergan (agn) CEO Brent Saunders» new «social contract» with patients, are voluntarily pledging to limit
drug price hikes and being more transparent about which products have seen price increases.
The latest pharma innovation report from Deloitte holds some pretty grim news for pharma: returns on R&D investments
by large cap
companies slid to a mere 3.7 %
in 2016, down from the 10.1 % returns seen
in 2010 (although the cost of bringing a
drug to market is beginning to stabilize).
The
companies have begun to market their «biosimilar» (a generic version of expensive biologic
drugs) of Remicade — a copycat of J&J's best - selling rheumatoid arthritis and immunology treatment (which garnered more than $ 5 billion
in U.S. sales last year) and was approved
by the Food and
Drug Administration (FDA)
in April — at a striking 35 % discount to its list price.
Crawford's death was confirmed
by the Toronto legal firm Osler, Hoskin & Harcourt where Crawford began as a corporate lawyer
in the 1950s before leaving to pursue a career with Imasco Ltd., a
company that, at the time, owned Imperial Tobacco, Canada Trust and Shoppers
Drug Mart.
Solanezumab, a
drug developed
by Eli Lilly that also acts on the amyloid hypothesis, failed some key clinical trials, though the
company is still testing it
in the pre-clinical stages of the disease.
By 2013, Bristol's five diabetes
drugs were bringing
in $ 1.6 billion
in sales — not a huge amount, but enough to account for 10 % of the
company's revenue.
Early
in the decade the
company had been dogged
by R&D failures, most notably of Vanlev, a high - profile hypertension
drug that had been hailed as a can't - miss blockbuster but then fell short of even getting FDA approval.
Drug companies including Purdue Pharma LP and Johnson & Johnson have been fighting lawsuits
by two California counties, the city of Chicago, four counties
in New York and the state of Mississippi over their opioid marketing practices.
In late December of 2001, ImClone founder and CEO Sam Waksal tipped off family and friends that his
company's new cancer
drug, Erbitux, was about to be rejected
by the FDA.
By bringing a
drug that's been well - established as safe
in other markets to the U.S. for the first time
in order to treat a rare disease, the
company doesn't just control its pricing destiny — it will also receive a coveted «priority review voucher» which it can hawk to another firm for tens (or even hundreds) of millions of dollars.
Corcept is a pharmaceutical
company engaged
in the discovery, development and commercialization of
drugs that treat severe metabolic, oncologic and psychiatric disorders
by modulating the effects of cortisol.
CONQUERING FORTRESS BRAIN Personal Wellness Track hosted
by Cigna Manchester Room One pharmaceutical
company after another has failed
in its attempt to develop a
drug against Alzheimer's.
Top - selling
drugs are ranked based on sales or revenue reported for 2014
by biopharma
companies in press announcements, annual reports, investor materials, and / or conference calls.
Similarly, innovation
in collaborative, patient - centric
drug development models that are being promoted
by pharma
companies, regulators and patient groups, have the ability to transform the industry and improve productivity significantly.
Not willing to call Twitter's bluff, the city offered a deal to the
company, which now works out of space
in the gritty but fashionable South of Market district where many Internet start - ups begin: move to a building
in the even more gritty and decidedly less fashionable mid-Market neighborhood — on a section of Market Street that is marred
by drug dealing, homeless encampments and shuttered storefronts — and get a payroll tax exemption.
Two older mainstays among multiple - sclerosis
drugs, made
by other
companies, have increased prices to seven times their 1990s levels to catch up with the prices of newcomers, researchers reported
in April
in the journal Neurology.
By adding a health insurance
company in the form of Aetna, the resulting combination — retailer, clinic operator, pharmacy benefits manager, and insurer — can realize significant efficiencies, negotiate for lower
drug prices with pharmaceutical manufacturers, and capture the growing share of healthcare spend among consumers and employers.
But the
company was hit
by regulatory and political scrutiny
in the past year over its
drug pricing and its relationship to a mail - order pharmacy, and its stock took a beating.
COPENHAGEN, April 10 Genmab plans to own a bigger share of
drugs in its early - stage pipeline as Europe's biggest biotechnology
company prepares to reduce its reliance on a blockbuster cancer
drug, marketed
by partner Johnson & Johnson.
The talks between CVS and Aetna appear to be
in part an attempt to fend off a move
by Amazon into the
drug - selling business — or at least to insulate the
companies in case Amazon does invade.
She co-founded and last served as CEO for Sprout Pharmaceuticals where,
in 2015, the
company broke through with the first ever FDA - approved
drug for low sexual desire
in women — dubbed «female Viagra»
by the media.
Bayer said
in a statement that it doesn't control the cost for patients at the pharmacy, because copays are determined
by insurers and pharmacy - benefit managers — an argument that pharmaceuticals
companies have long made when facing criticism over
drug prices.
He started MSMB Capital, a hedge fund
company,
in his 20s and drew attention for urging the Food and
Drug Administration not to approve certain
drugs made
by companies whose stock he was shorting.
Rare Daily Staff United Therapeutics is strengthening its arsenal
by agreeing to acquire orphan
drug company SteadyMed for $ 141 million and up to an additional $ 75 million
in a milestone.
In just the past 14 months,
drug companies raised the prices of 20 prescription
drugs by 200 percent.
The
company's overall sales jumped 6 %, led
by a ramp up
in its Oncology
drug Keytruda.
Antares Pharma (ATRS)- The
company possesses a strong pipeline of
drug / device combination product candidates which provide better treatment options
in a variety of disease settings - Xyosted could potentially be approved
by September and should see significant adoption due to several advantages over current treatments (keep
in mind global male hypogonadism market to exceed $ 3 billion within 10 years).
A federal judge
in Delaware on Friday struck down key patents held
by Acorda related to Ampyra, opening the doors for generic versions of the
drug by companies including Mylan Inc (MYL.O) and Roxane Laboratories Inc..
By August, the
company, which sells thousands of
drugs and says it fills one
in every 13 American prescriptions, was making mea culpas and renewing its promise to «do what's right, not what's easy,» as the
company's mission statement goes.
ImmuPharma PLC (LON: IMM), specialist
drug discovery and development
company, announced that its chairman Tim McCarthy will be presenting at an investor evening hosted
by Turner Pope Investments, which acted as agent
in the firm's recent # 10mln fundraise.
Before any
company can make and market even a generic pharmaceutical
drug in the United States, it must be granted a special authorization
by the FDA.
Athenex Inc. said Monday it expects its new factory
in Dunkirk to be completed
by the end of March 2019, but the
drug development
company's shares tumbled
by 5 percent after its fourth - quarter loss was far bigger than analysts expected.
A 2017 investigation into lobbying efforts
by «Big Pharma» conducted
by The Washington Post and 60 Minutes found that the
companies spent more than $ 106 million to lobby Congress
in an effort to pass more favorable
drug laws.