> In a Delaware court, attorneys for drug maker AstraZeneca are challenging the findings of expert witnesses who claim the company's anti-psychotic drug Seroquel causes diabetes. Report [1]
> Sepracor agreed to allow Teva Pharmaceutical to launch generic versions of its respiratory drug Xopenex in 2013 under terms of a patent lawsuit settlement. Report [2]
> Reflecting recent rapid growth of off-label prescribing, 75 percent of U.S. health plans now reimburse patients for such treatments, according to a study by the Tufts Center for the Study of Drug Development. Release [3]
> The FDA said it would allow patients with Amyotrophic Lateral Sclerosis, or ALS, access to Insmed's experimental drug Iplex. Report [4]
> GlaxoSmithKline tapped generics marketing Prasco Laboratories to sell and distribute copycat versions of its products, the first of which will be a Prasco/GSK-labeled generic of Flonase nasal spray. Release [5]
> Hong Kong's health department has instructed Marching Pharmaceutical to recall 216 products because their labelled expiration dates were not substantiated by laboratory data. Report [6]
> Pharmaceutical and health care market research firm IMS Health elected Bradley Sheares to its board of directors. Report [7]
> Novozymes Biopharma inked a deal with GE Healthcare to use the latter's technology in producing native, animal-free protein A. Report [8]
> Treating peripheral arterial disease with drug-eluting stents may save lives and limbs in people with severely obstructed arteries, Greek researchers have found. Report [9]
> As small and large drug developers continue to cut costs and jobs [10], there are a growing number of out-of-work biotech types looking for their next job. And on Monday morning over 1,000 of those jobless biotech workers packed a South San Francisco Life Science Career Fair looking for new careers to replace those they've lost. Report [11]
> With Genentech and Roche seen moving closer to a deal [12] and the Schering-Plough tie-up [13] with Merck commanding the attention of the drug industry's analysts, the Wall Street Journal lays out a consensus that the consolidation underway now will soon force more M&A activity in biotechnology. Report [14]
> Progen shareholders have turned a cold shoulder to management's proposal to merge the cash-rich, product-poor company with Avexa. Most of the proxy votes went against the merger. Report [15]
> The credit crunch has caused a number of biotech investors to demand that struggling biotech companies should shut down and distribute any remaining funds rather than try and find a new way forward. Report [16]
And Finally... The National Institute for Health and Clinical Excellence (NICE) will go head-to-head with GlaxoSmithKline on the issue of drug pricing at the 2009 Bupa Health Debate on March 25, at a time when they are arguing heatedly over the cost of breast cancer treatment Tyverb. Report [17]
Links:
[1] http://www.philly.com/philly/business/breaking/20090310_Astra_challenges_witnesses_in_Seroquel_suit.html
[2] http://www.boston.com/business/healthcare/articles/2009/03/11/sepracor_teva_settle_drug_patent_suit/
[3] http://www.fiercebiotech.com/press-releases/three-quarters-u-s-health-plans-reimburse-label-uses-prescription-drugs-according-tuf
[4] http://www.easybourse.com/bourse-actualite/marches/update-fda-allows-use-of-insmed-drug-for-als-patients-631370
[5] http://www.fiercebiotech.com/press-releases/prasco-selected-gsks-generics-marketing-and-distribution-agent-0
[6] http://www.news.gov.hk/en/category/healthandcommunity/090311/txt/090311en05002.htm
[7] http://www.cnbc.com/id/29617728/for/cnbc/
[8] http://www.manufacturingchemist.com/story.asp?sectioncode=72&storycode=55264&c=1
[9] http://health.usnews.com/articles/health/healthday/2009/03/10/drug-eluting-stents-show-promise-for-leg-arteries.html
[10] http://www.fiercebiotech.com/tags/layoffs
[11] http://www.fiercebiotech.com/story/bay-area-job-fair-attracts-1-000-people/2009-03-10k
[12] http://www.fiercepharma.com/story/roche-genentech-agree-95-price/2009-03-10
[13] http://www.fiercepharma.com/story/merck-nabs-schering-41-1b-deal/2009-03-09-0
[14] http://www.fiercebiotech.com/story/industry-shakeout-will-lead-new-round-m-deals/2009-03-10
[15] http://www.fiercebiotech.com/story/angry-progen-investors-scuttle-avexa-merger/2009-03-10
[16] http://www.fiercebiotech.com/story/barbarian-investors-are-biotechs-gates/2009-03-10
[17] http://pharmagossip.blogspot.com/2009/03/lets-have-heated-debate.html