Article Listing - Pharmaceutical

Merck KGaA adjusted 1st-qtr earnings leap 19%, beating forecasts

14 May 2013

Shares of Germany's Merck KGaA out on 1.9% to 124.52 euros this morning (May 14), after the company reported first-quarter 2013 results showing a 4% increase in sales to 2.7 billion euros ($3.5 billion), driven by 3.5% growth in its pharma unit Merck Serono to 1.55 billion euros, a 9.0% rise in Performance materials to 421 million euros, 2.5% growth in Millipore sales to 669 million euros, and 7.9% growth in consumer health to 108 million euros.

IQWiG re-assessments come up with same view for saxagliptin and different for crizotinib

14 May 2013

Under the rules of the German Act on the Reform of the Market for Medicinal Products (AMNOG), the Institute for Quality and Efficiency in Health Care (IQWiG) has now assessed additional information to studies for two drugs, US pharma behemoth Pfizer's (NYSE: PFE) Xalkori (crizotinib) and Drug major Bristol-Myers Squibb (NYSE: BMY) and AstraZeneca's (LSE: AZN) Onglyza/Komboglyze (saxagliptin).

Shire's ADHA drug Elvanse accepted for NHS use in Scotland; UK guidance on fidaxomicin

14 May 2013

Ireland-headquartered Shire plc (LSE: SHP) said yesterday (May 13) that its single-daily dose long-acting prodrug stimulant, Elvanse (lisdexamfetamine dimesylate), is accepted for use within the National Health Service (NHS) in Scotland as part of a comprehensive treatment program for attention-deficit hyperactivity disorder (ADHD) in children aged six years of age and over when response to previous methylphenidate treatment is considered clinically inadequate.

US FDA grants priority review for Janssen's simeprevir, accepts Biogen Idec's Eloctate and Actavis' progestin-only patch filing

13 May 2013

The US Food and Drug Administration has granted Priority Review to the New Drug Application for simeprevir (TMC435), an investigational NS3/4A protease inhibitor administered as a 150mg capsule once daily with pegylated interferon and ribavirin for the treatment of genotype 1 chronic hepatitis C in adult patients with compensated liver disease under development at Johnson & Johnson (NYSE: JNJ) subsidiary Janssen Research & Development.

Brazilian pharma exports to GCC up 73% to reach over $7.4 million in 2012

13 May 2013

Brazil exported $7.48 million worth of pharmaceutical products to the Gulf Cooperation Council (GCC) region in 2012, increasing by over 73% compared to $4.31 million in 2011, according to figures released by the Arab Brazilian Chamber of Commerce (ABCC). The Kingdom of Saudi Arabia and the United Arab Emirates (UAE) accounted for the biggest share of the Brazilian pharmaceutical exports at 57.02% and 41.61%, respectively.

Elan pays $1 billion for a 21% share of Theravance royalties on four respiratory programs

13 May 2013

US biotech firm Theravance (Nasdaq: THRX) has entered into a royalty participation agreement wherein Ireland-based Elan (NYSE: ELN) will purchase a participation interest in potential future royalty payments related to four respiratory programs partnered with UK pharma giant GlaxoSmithKline (LSE: GSK).

Vectura sets up JV, Kinnovata, for new respiratory business in China

13 May 2013

UK-based developer of inhaled therapies Vectura (LSE: VEC) saw its shares rise 4.8% to 96.93 pence in morning trading (May 13), after it revealed that it has established Tianjin Kinnovata Pharmaceutical Company in China with two partners; Tianjin KingYork Group Company, a leading Chinese pharmaceutical company and specialist manufacturer of corticosteroid based products, and Zendex Bio Strategy, a private equity investor based in Hong Kong.

Africa's pharmaceutical industry faces numerous challenges, VoA reports

13 May 2013

Providing Africans with affordable health care could be realized if pharmaceutical products were produced on the African continent, writes Marthe van der Wolf for Voice of America. The continent faces many challenges before it will be able produce its own medicines.

FDA approves Theravance and GSK's Breo Ellipta to treat COPD

13 May 2013

The US Food and Drug Administration on Friday (May 10) approved Breo Ellipta (fluticasone furoate, an inhaled corticosteroid, and vilanterol inhalation powder, a long-acting beta2-adrenergic agonist), from UK pharma giant GlaxoSmithKline (LSE: GSK) and US biotech firm Theravance (Nasdaq: THRX).

Actavis and Warner Chilcott leap on merger talks; possible bid for Adcock Ingram

13 May 2013

US generics major Actavis NYSE: ACT) confirmed on Friday (May 10) that it has entered into early stage discussions with Ireland-based Warner Chilcott (Nasdaq: WCRX) regarding a potential combination of the two companies. Actavis further stated that no agreement has been reached and it does not intend to issue further comment regarding its business development initiatives. A similar statement was issued by Warner Chilcott.

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