> The Canadian pharma market has slowed to a growth level of 6 percent to 6.5 percent, down from a five-year average of 8.4 percent. Report [1]
> GlaxoSmithKline submitted an NDA for Promacta, a platelet growth factor designed to treat thrombocytopenic purpura. Report [2]
> Valeant Pharmaceuticals says it will sell its hepatitis C drug Infergen to Three Rivers Pharmaceuticals doe about $91.3 million. Report [3]
> Par Pharmaceutical says its year-end profits will be at least $1.45 per share; previously, the generics maker had said it expected earnings of $1.35 to $1.50. Report [4]
> Idera is pocketing a $40 million up front fee from Merck KGaA and hopes to make an additional $381 million in milestones from licensing its technology for cancer therapies. Report [5]
> In a deal that starts small but has a big upside, Santaris Pharma has forged a $700 million development pact with GlaxoSmithKline to develop new antiviral meds. Report [6]
> Boston-based venture capitalist Roger Kitterman has been able to coax investors to back badly needed therapies with none of the big upside that most would demand. Report [7]
> The Wall Street Journal health blog pokes fun at Bystolic, the newly-approved beta blocker [8]from Forest Laboratories and Mylan, as the ultimate "me-too" drug. Report [9]
And Finally… Harvard Business School researchers have identified four types of healthcare consumers, each of which responds to entirely different marketing approaches. Report [10]
Links:
[1] http://www.pharmatimes.com/WorldNews/article.aspx?id=12512
[2] http://philadelphia.bizjournals.com/philadelphia/stories/2007/12/17/daily31.html?jst=b_ln_hl
[3] http://www.chron.com/disp/story.mpl/ap/fn/5393620.html
[4] http://www.businessweek.com/ap/financialnews/D8TL6OFG0.htm
[5] http://www.fiercebiotech.com/story/idera-shares-surge-merck-kgaa-pact/2007-12-19
[6] http://www.fiercebiotech.com/story/gsk-santaris-ink-700m-development-deal/2007-12-19
[7] http://www.fiercebiotech.com/story/vc-model-raises-cash-rare-disease-drugs/2007-12-19
[8] http://www.fiercebiotech.com/press-releases/bystolic-tm-novel-beta-blocker-now-approved-fda-treatment-hypertension?utm_medium=nl&utm_source=internal
[9] http://www.fiercebiotech.com/story/new-me-too-beta-blocker-dissed-experts/2007-12-19
[10] http://harvardbusinessonline.hbsp.harvard.edu/hbsp/hbr/articles/article.jsp?ml_action=get-article&articleID=F0712A&ml_issueid=BR0712&ml_subscriber=true&pageNumber=1&_requestid=24815