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.
Not exact matches
While trafficking routes have changed
over time, in recent
years narco subs and other vessels leaving southwest Colombia or northwest Ecuador laden with
drug cargos often head out in the Pacific, even around the Galapagos Islands, before turning north in an effort to skirt law enforcement closer to home — which may include underwater sensors in Colombian waters — as well as US - led interdiction efforts.
Striking advances in hepatitis C
drug development
over the past five
years have made the infectious, liver - wasting viral disease a curable one — if you can afford the
drugs.
Miller, chief investment officer at LMM, said he thinks the embattled drugmaker is «a completely different company» than the one that was under severe fire for jacking up
drug prices, and could see returns of 25 percent to 30 percent per
year over the next five
years.
Mark Merritt, CEO of the Pharmaceutical Care Management Association (PCMA), a trade group representing the 10 largest traditional PBMs, says that while «
drug prices have gone up more than we'd like»
over the
years, his members have saved employers 25 %.
Sarepta Therapeutics, which won a pioneering Food and
Drug Administration approval for its Duchenne muscular dystrophy drug last year, has settled a patent dispute with rival BioMarin over the «exon - skipping» technology at heart of the companies» muscular dystrophy treatme
Drug Administration approval for its Duchenne muscular dystrophy
drug last year, has settled a patent dispute with rival BioMarin over the «exon - skipping» technology at heart of the companies» muscular dystrophy treatme
drug last
year, has settled a patent dispute with rival BioMarin
over the «exon - skipping» technology at heart of the companies» muscular dystrophy treatments.
The Tories are committing $ 44.9 million
over five
years to expand the focus of the National Anti-
Drug Strategy from illicit street
drugs to prescription
drug abuse as well.
The
drug lobby has spent nearly $ 17 million in just
over two and a half
years to oppose new regulation in California.
According to Industry Canada, Big Pharma spends more than $ 1.3 billion a
year on R&D — and many global
drug makers are increasingly looking at Canada for top talent and a cost - competitive advantage
over the United States.
He added that the media focuses on examples of individual
drug price hikes, it has overlooked the fact that expense of
drugs as a proportion of healthcare spending has remained «remarkably constant»
over the
years.
Walmsley, who took
over a
year ago, is focusing on rebuilding GSK's
drug pipeline by overhauling research and appointing heavyweight outsiders, such as veteran Roche scientist Hal Barron.
And for 27
years, before he was elected sheriff, he presided
over court cases — ones that increasingly involved the stories of lives undone by
drugs and poverty, and of an opioid epidemic taking root.
Despite this threat, and looming competition from a new Gilead Sciences HIV
drug, GSK sees growth strengthening
over the next few
years, helped by the roll - out of newer medicines.
Half a million people develop
drug - resistant TB each
year; a UK parliamentary group in 2015 projected it will kill 75 million and cost the world $ 16.7 trillion
over the next 35
years.
Last
year the
drug industry spent
over $ 100 million on those ubiquitous adverts featuring Moose et al..
A month earlier drugmaker ICN Pharmaceuticals actually pleaded guilty to one count of criminal fraud for intentionally misleading investors —
over many
years, it now seems — about the FDA approval status of its flagship
drug, ribavirin.
In attacking Berkshire, Ackman was striking back after Buffett's business partner Charlie Munger last
year called Valeant «deeply immoral» for its practice of raising
drug prices, sparking a sort of long - distance feud
over whose favorite stock was better.
The 32 -
year - old CEO of Turing Pharmaceuticals became a target of widespread ire in September when he boosted the price of the toxoplasmosis treatment Daraprim by
over 5,000 % after acquiring the
drug in August.
While there is no precise data about how heroin production in Mexico has changed in recent
years, evidence suggests the
drug's cultivation, and competition between gangs
over it, has risen in Mexico, and in Guerrero in particular.
S&P Capital IQ analyst Jeffrey Loo estimates that there are 10 to 12
drugs in development today that could each yield at least US$ 1 billion in sales
over the next few
years.
Big pharma has been a persistent villain in the public's consciousness
over the past
year in the wake of exorbitant
drug price hikes, including on ancient medications.
The number of
drug arrests has nearly tripled
over the past 30 or so
years.
With more than 250,000
drug - and alcohol - related deaths a
year nationwide, our society's battle against substance abuse is far from
over.
The copycat therapy, Erelzi, won't be able to hit the market for at least another
year thanks to the ongoing patent spat between Novartis and Amgen
over the
drug (Amgen claims that Enbrel has IP protection through 2029).
Count all the money Valeant has spent on acquisitions as
drug research, and suddenly it has spent 200 % of its revenue
over the past five
years on R&D.
The investors are frustrated that shares in Jazz, a $ 9 billion pharmaceutical company known for its narcolepsy
drug Xyrem, have remained essentially flat
over the past
year.
JERUSALEM — Israeli generic
drug maker Teva Pharmaceutical Industries on Thursday said first - quarter earnings surged
over 80 percent and raised its outlook for the rest of the
year, citing progress in an aggressive restructuring plan.
To illustrate the issue,
over the past 20
years, the cost of a new
drug per
year of a patient's life has risen from $ 50,000 to $ 250,000 after adjusting for inflation, according to Peter Bach, director of the Center for Health Policy and Outcomes at Memorial Sloan Kettering, who also spoke at the conference.
Nearly a
year after it clashed with the Food and
Drug Administration
over labeling on its dried fruit and nut bars, KIND has received approval to use the word «healthy» as part of its marketing.
These risks and uncertainties include: Gilead's ability to achieve its anticipated full
year 2018 financial results; Gilead's ability to sustain growth in revenues for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures in European countries that may increase the amount of discount required on Gilead's products; an increase in discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and government payers; a larger than anticipated shift in payer mix to more highly discounted payer segments and geographic regions and decreases in treatment duration; availability of funding for state AIDS
Drug Assistance Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the S
Drug Assistance Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new
drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the S
drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products
over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
This is quite a big deal as Valeant bought Sprout Pharmaceuticals, the company behind the
drug for a whopping $ 1 billion just
over two
years ago.
Since Marathon won an approval to treat a condition that afflicts fewer than 200,000 Americans per
year and has a dearth of treatment options (rather than trying to become an also - ran in the saturated steroid therapy field), it has carte blanche
over the
drug's pricing.
Further, I showed that Pharma's IRR has followed a rapid and steady linear decline
over 20
years, which is consistent with recent estimates from BCG and Deloitte, and can be fully explained by the Law of Diminishing Returns as a natural and unavoidable consequence of prioritizing a limited set of investment opportunities while each new
drug raises the bar for the next.
He told a Senate committee last
year that the cost of the two
drugs alone drove a nearly $ 12 million increase in Ascension's spending
over one
year.
Meanwhile, Pfizer's Essential Health segment, which sells older, mostly off - patent
drugs, saw its sales decline 10 %
year over year, to $ 5.36 billion.
Looking at the portfolio, the company's Innovative Health segment, which sells newer, patent - protected
drugs, contributed sales of $ 7.42 billion, representing growth of 5 %
year over year.
Over the
years, a number of anonymous websites have sprung up to allow users to use bitcoins to purchase
drugs and other illicit products.
The
drug raked in just
over $ 16 billion last
year.
New patients must take their daily dose at a dedicated clinic, racking up single «take - home» doses
over months and
years of satisfactory urinalysis results that signify they aren't taking other
drugs.
Drug overdose deaths — originally from prescription opioids but increasingly now from heroin and fentanyl — have emerged as an increasingly grave social issue, steadily worsening
over the past few
years even as the economy improves.
Specialty pharmaceuticals have contributed substantially to the rise in the nation's
drug costs
over the last several
years, and these costs are projected to increase by more than 65 % by the end of 2017.
Over the past three decades, the Tufts Center for the Study of
Drug Development has estimated both the cost and the
years it takes for companies to develop new medicines.
DOJ investigates more than a dozen generic
drug companies
over alleged price fixation for two - dozen
drugs, based on two
year long investigation
(Reuters)- Eli Lilly and Co (LLY.N) said on Thursday it would lay off about 8 percent of its employees as the drugmaker, which has suffered setbacks
over the past
year in the development of two potential blockbuster
drugs, works to cut costs.
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).
Conservative foundations, multinational oil companies and a prescription
drug maker were the most frequent sponsors of more than 100 expense - paid educational seminars attended by federal judges
over a 4 1/2 -
year period, according to a Center for Public Integrity investigation.
Generally understood as a provision permitting companies to test or experiment with patented inventions prior to an FDA submission - such as a generic
drug maker prior to submission of an ANDA - the provision's scope has expanded
over the
years.
The latter is particularly important as regulatory approval for new
drugs hinges on accurate data, and public trust in the pharma industry has ebbed and flowed
over the
years as stories of fabricated results make headlines.
The analyst their cites the generic
drug maker «s diversified business model and its ability to grow profit and sales
over the next several
years.
For instance, pharmaceutical giant Roche's recently introduced HIV - inhibitor
drug, Fuzeon, costs just
over $ 20,000 per
year.