With more M&A, product development and restructuring on the horizon, med tech CEOs have their work cut out for them in the coming year. But for now, here's the breakdown of what they took home in 2013.
Just a year after J&J swooped in to buy up Aragon's game-changing work on prostate cancer in a billion-dollar deal, Roche's Genentech has followed up to buy what remained: a closely-related breast cancer program that promises to change the way that disease is treated.
Back in April, a study conducted by the nonprofit Cochrane Group suggested that the $2 billion worth of Roche's Tamiflu and other flu fighters stockpiled by the U.S. and the U.K. has essentially amounted to money thrown down the drain. Now Roche is fighting back, claiming the Cochrane researchers failed to include all the relevant data and furthermore didn't seem to understand how Tamiflu works.
Roche inked a savvy new agreement with a New Zealand University focused on developing new medical tests and training students how to use the company's molecular diagnostic tools.
The EU Committee for Medicinal Products for Human Use (CHMP) handed down a positive ruling on Roche's blockbuster Avastin, recommending that the European Commission approve the drug for use in women with ovarian cancer that's resistant to platinum-based chemotherapy.
Roche is lending its diagnostic technology to Ferring Pharmaceuticals to develop a personalized treatment for female infertility.
The salary differences between top executives and the lowest-paid employees widened at 18 large Swiss companies last year, with pharma giants Roche and Novartis ranking high on the list of top offenders. That's the conclusion of a new report from Travail Suisse, an organization of trade unions.
Roche has turned to its incubation partners at Versant Venture's Inception Sciences to create a virtual biotech which will set out to spawn new therapies that can repair the damaged nerves of patients with multiple sclerosis.
Manufacturing snafus have delayed copycat versions of Novartis' blood pressure drug Diovan, AstraZeneca's stomach-acid remedy Nexium and Roche's antiviral drug Valcyte.
Roche and Cipla are writing a new chapter in the bitter battles that have been fought by Western drugmakers over their patents in India. They are in mediation over the patent for Roche's blockbuster cancer fighter Tarceva, in what may be the first case to take this route.