News

Daiichi shells out $200M-plus to help AstraZeneca launch Movantik

AstraZeneca has decided not to go it alone on marketing Movantik. Daiichi Sankyo has signed on to help launch the constipation pill--and it's paying a pretty penny for the opportunity.

Bristol-Myers chief's last 'paycheck' as CEO is a doozy at $27M

Bristol-Myers Squibb CEO Lamberto Andreotti has had a nice run at the drugmaker, paywise. And as he prepares to move upstairs to the chairman's office--and eventually out the door--he's going out with a bang. Apparently, a $27 million bang.

Actavis job-cutting drive hits 400-plus on Long Island

New-look Actavis--soon to be Allergan--has been undergoing plenty of changes since it agreed in November to shell out $66 billion for the Botox maker. And as it continues to integrate Allergan's ops, it's shaving away at the workforce it inherited from its prior pickup, Forest Labs.

Pernix figures 1 + 1 + 1 equals more than three with new Zohydro salesforce

Pernix Therapeutics is looking for a sales trifecta from the 100 new Zohydro reps it's acquiring along with that pain drug franchise.

Novartis faces more gender-bias claims with $110M Alcon suit

Several years ago, Novartis agreed to pay $175 million to settle a high-profile gender discrimination lawsuit focused on its U.S. sales operations. Now, the Swiss drugmaker faces a new discrimination fight at its Texas-based Alcon unit.

England's Cancer Drugs Fund changes its tune, holds onto Novartis' Afinitor

England's Cancer Drugs Fund is backtracking in its decision to remove certain treatments from its list of covered drugs, agreeing to keep Novartis' cancer med Afinitor for two of the three indications for which it was supposed to be removed.

Gilead to require proof of citizenship to buy Sovaldi in poor countries

Not long after Gilead Sciences' high-priced hep C super drugs Sovaldi, and then combo drug Harvoni, hit the market, the California drugmaker struck deals with 11 generic drugmakers to make cut-rate versions available, and affordable, in 91 developing countries. But Gilead is not as generous as it might seem, Doctors Without Borders claims.

The top 15 pharma companies by 2014 revenue

The names at the very top of our yearly list of biggest pharma companies are no surprise. Johnson & Johnson, Novartis, Roche and Pfizer have headed up the rankings for a couple of years now, albeit in varying order. But toward the bottom of the top 10, there's been a changing of the guard.

Japanese doc testifies about inflating placebo counts in Diovan trial

A Japanese physician testified in a case involving Novartis Pharma K.K. and its Diovan (valsartan) drug for high blood pressure that he falsified a report while participating in clinical trials for marketing approval, sources said.

Old Allergan CEO Pyott won't join New Allergan's board

Allergan Chairman and CEO David Pyott fought long and hard to keep Valeant Pharmaceuticals from taking over his company. He engineered a $66 billion sale to ambitious Actavis instead, and the Allergan name now lives on as the merged company's moniker. But Pyott won't be sticking around to enjoy the results.

Novartis to pay record $12.6M to settle HHS price-reporting claims

Novartis has agreed to pay the largest-ever settlement over allegations of inaccurate or outdated drug-price reporting to the federal government, HHS officials say. That's not saying much, however: This record-breaking settlement amounts to $12.64 million.

Endo's shown it's willing to spend. But with Salix gone, what's left worth buying?

As Endo showed last week with its failed $10 billion bid for North Carolina's Salix, it's willing to shell out some serious dough if the right target comes along. The question is, what's left?

Hep C meds cost-effective, but affordable? With new 46% discounts, maybe

When hepatitis C drugmakers started wooing payers with discounts, the cost cuts made the difference between an overwhelming burden and cost-effective spending. So say two new studies looking at the cost of treating the disease with a new generation of quite effective--but very expensive--treatments.

Imbruvica cocktail stalls CLL in new trial, raising hopes for bigger market

After agreeing to shell out a pretty penny for Imbruvica-maker Pharmacyclics earlier this month, AbbVie chief Richard Gonzalez assured investors that the drug had plenty of market growth ahead--and that much of that growth would come from moving into earlier lines of treatment in its approved indications, including CLL. Now, new Phase III results suggest the med is on the right track in that department.

All clear for Actavis to become Allergan as EU watchdogs approve $66B merger

Actavis and Allergan can finally celebrate: They've cleared the last hurdle to closing their $66 billion merger agreement.

Another strike against Merck's sugammadex as FDA nixes advisory panel confab

Merck & Co. says it's expecting yet another rejection from the FDA for its anesthesia drug sugammadex, as the agency scrapped an advisory panel's review of the drug slated for next week. The FDA told the company it plans additional site inspections before it hands the info over to an advisory committee.

Pfizer chief gets a pay boost, but two underlings get bigger ones

Pfizer CEO Ian Read got a nice pay bump for 2015, with a total package of $23.3 million--more than one-quarter bigger than the previous year's total. But a big chunk of that increase came in the value of his pension. Back that out, and Read's compensation only grew by $280,000.

Teva buy Mylan? It's not happening, BMO analyst says

Heard the Teva-Mylan takeover rumors? Forget them, one analyst says.

Can AstraZeneca expect big things from long-awaited Brilinta data? Maybe not, analysts say

Much-anticipated data on AstraZeneca's clot-fighting drug Brilinta, unveiled over the weekend at the American College of Cardiology meeting, showed that Brilinta did stave off serious cardiovascular problems, when used long term alongside aspirin. But the numbers were small enough--and the bleeding risks high enough--to put a damper on new sales hopes.

UPDATED: Sorry, Endo. Valeant's back on top with $173-per-share Salix bid

So you thought you could wrestle Salix away from Valeant, Endo? The Canadian pharma has a message for you: Think again.