Novo Nordisk, the world leader in the production of insulin drugs, today reported growth across the board for 2013. But the perennially cautious drugmaker did not raise sales guidance for this year as much as investors were expecting.
Swiss pharma giant Roche has had a few glitches of late, with the loss of its R&D chief to Google and the recent failure of its highly anticipated experimental schizophrenia drug. But it was positive news today as the company reported 2013 growth fueled by strong sales of its cancer drugs.
Eli Lilly's patent cliff has struck again, but some analysts found things weren't as bad as they expected when they surveyed the damage Thursday morning. Higher sales of other drugs offset much of the generic competition to newly off-patent Cymbalta, helping the pharma giant beat Wall Street's revenue forecasts by a long shot.
Hepatitis C drugs like Vertex's Incivek are quickly becoming a thing of the past. A new generation of easier-to-tolerate, interferon-free treatments like Gilead's Sovaldi is moving in, and Vertex's fourth-quarter revenues showed it. But a hefty one-time royalty payment helped the company turn a profit, even despite plummeting sales of Incivek--one of just two drugs it currently has on the market.
What's in a name? In the pharmaceutical world, the answer to this question is no simple matter. Drugmakers, biotechs and their generic rivals are squabbling over the names that will be assigned to biosimilars, in a battle for a marketing edge.
A pair of cross-continent Big Biotechs came up big this week in the revenue department, with hefty sales powering both Biogen Idec and Amgen to double-digit fourth-quarter earnings increases.
Some new data on the prostate cancer drug Xtandi promises to heat up competition with Johnson & Johnson's Zytiga. Medivation and its partner Astellas Pharma unveiled final data from a late-stage trial showing that Xtandi prolonged patients' lives and delayed tumor growth when used before chemotherapy.
Johnson & Johnson persuaded the Louisiana Supreme Court to toss a $257 million verdict against the company in a Risperdal marketing case, a big win in the company's multibillion-dollar fight with state and federal authorities.
2014 looks to be another year of transition for Novartis. It now expects the long-delayed U.S. release of a generic of its blockbuster Diovan to happen in the second quarter and by summer's end hopes to have completed the strategic review that will decide the fate of several of its operating units.
Brace yourselves for the Teva Pharmaceutical Industries marketing blitz. The company won FDA approval Tuesday evening for its new, three-times-a-week Copaxone, and Teva needs to convert as many patients as possible to the new version before the original goes off patent in May.
AstraZeneca notched an antibiotics research deal with a licensing/option set-up with FOB Synthesis, covering combinations of the two companies' experimental drugs.
The Natural Resources Defense Council, a longtime critic of the FDA's oversight of feed additives, analyzed a slew of FDA documents and found that the FDA's own scientists found 18 farm antibiotics posed a "high risk" of spawning antibiotic-resistant bacteria.
It turns out that Germany will not be the only country facing a shortage of GlaxoSmithKline's chickenpox vaccines. While healthcare providers there have already been given a heads up to prepare for rationing, the company says deliveries worldwide will be affected.
When new drugs roll out, they meet the general population for the first time. Patients are no longer hand-picked as they are in clinical trials. And that often translates into a flurry of side-effect reports to the FDA. Last year's crop of new drugs is no exception.
Pfizer is on a diet, and it shows. The company pumped up 2013 earnings despite a sizable slide in sales, thanks to layoffs and cost cuts, not to mention the successful spinoff of its animal health business, Zoetis. And it's looking for more of the same for 2014.
The U.K.'s National Institute for Health and Care Excellence is known to change its mind. But this time, Britain's cost watchdog has set limitations on its recommendation for prostate cancer pill Xtandi--and maker Astellas is none too happy.
Layoffs are always big news in pharma, seen as an indicator of the health of the industry. Of course, the factors that eventually lead to layoffs are not simple. Often the patent cliff is to blame, but--as many of 2013's biggest cuts show--it's not always the culprit. Whatever the reason, pharma cutbacks are closely watched by investors, employees and competitors alike. Here's our report on the largest layoffs of 2013.
When BMS said it would continue its mid-stage instead of diving into a late-stage program testing nivolumab with melanoma hit Yervoy, investors feared it could mean problems with the combo--and sent shares down nearly 6%.
With a quick one-two, Actavis has bailed out of its China ventures. Just 10 days after its CEO promised to move out of a market he deemed "too risky," the Dublin-based generics maker has sold off its second business there.
What is a generic drugmaker going to do when the FDA finds flies filling its analytics laboratory and shuts down a yet another plant key to serving the U.S. market? Start looking for other markets. That is what analysts say India's generics leader Ranbaxy Laboratories is faced with now that it has only one FDA-approved facility to work with and its critical API plant is banned from supplying it.