What with all the job-cuts news this week, we weren't able to get to hit much more than the high points of Big Pharma's latest earnings reports. Here's a roundup of related news for your reading pleasure this weekend.
- Like several of its rivals, Sanofi-Aventis is expected to post a 3.5 percent rise in fourth-quarter adjusted net profit next week but give a prudent forecast for 2010 when battles with generic rivals will intensify. Story
- Surging sales in emerging markets helped GlaxoSmithKline compensate for declining revenues in the U.S.; CEO Andrew Witty, the architect of GSK's emerging-markets focus, said the growth shows that strategy is working. Report
- Glaxo also said it will stop research into new antidepressants and focus on diseases for which it believes it can develop more valuable drugs--a major shift for a company that developed some of the biggest-selling antidepressants of the past 20 years. Report | Item
- Two and a half years after the papers were signed and the letterhead changed--and at the beginning of a year when the combined company had planned to deliver on some of its first milestones--some analysts say MedImmune has not measured up to the purchase price AstraZeneca paid. Story
- During the Pfizer analyst call, executives talked about their strategies for winning market share in China--strategies that look a lot like its U.S. tactics back when it was fielding an enormous sales force, the Health Blog notes. Story
That should keep you going for a couple days. Check back with us Monday for more.
Links:
[1] http://www.reuters.com/article/idUSLDE61214520100205
[2] http://www.ft.com/cms/s/0/d104345c-1184-11df-9195-00144feab49a.html
[3] http://www.fiercebiotech.com/story/glaxo-shutter-neurological-programs-creates-new-unit-rare-diseases/2010-02-04
[4] http://online.wsj.com/article/SB10001424052748704041504575044901266169316.html
[5] http://washington.bizjournals.com/washington/stories/2010/02/08/focus1.html?b=1265605200%5E2836071
[6] http://blogs.wsj.com/health/2010/02/03/pfizers-china-strategy-feet-on-the-street-key-opinion-leaders/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Fhealth%2Ffeed+%28WSJ.com%3A+Health+Blog%29&mod=smallbusiness