The U.S. based drugmaker was particularly vulnerable to generic competition, because its Lexapro antidepressant accounted for such an enormous share of its revenues: 52% in 2010, according to FiercePharma research.
His chief interest remains steadfast: Pursuing the development of the drugs already in the pipeline. And don't go banging on his door when a company comes into play.
Merck has touted the performance of one of its late-stage contenders as the drug giant readies an application for U.S. approval of the experimental insomnia drug.
When Lipitor's first copycats were unleashed, Pfizer manned the battlements. As The Wall Street Journal reports, that battle is over.
Since the Indian government yanked its exclusivity on the cancer drug, the German company is fighting back.
Eli Lilly has opened a new building at its Erl Wood R&D center in Surrey, U.K., to house early-stage research.
Lundbeck's CFO Anders Gotzsche emphasized the prospects of drugs such as Selincro for alcohol dependence, the experimental antidepressant Lu AA21004 in late-stage development and a long-lasting formulation of Abilify.
Sanofi had a good first quarter with higher revenues and profits, but executives acknowledge that the next 12 months will be tough.
The ongoing restructuring underway at AstraZeneca claimed one more employee today: The chief architect.
Teva can reap sales of branded Provigil, and it can profit from the generic version.