Please login to the form below

Not currently logged in
Email:
Password:

Pharma news in brief

Our weekly round-up of news affecting the industry.

Scrushy evades judgment still

Richard Scrushy, former HealthSouth CEO but renowned more widely today for his alleged part in a $2.7bn fraud at the company, has continued to evade hearing a verdict from the jury, which said it could not reach a unanimous agreement until certain aspects of the case were explained more clearly in layman's terms. The jurors went on to request a meeting with the judge after their fourth day of deliberation over the future of Scrushy, the first business leader to be charged under the Sarbanes-Oxley (S-O) law, who could potentially be staring at a long spell in prison if found guilty. The jury's request for more information increased the likelihood of it becoming a hung jury, thereby forcing the prosecution to seek a second trial. It would be a significant blow to the government if Scrushy is not convicted, as all eyes are on this landmark S-O trial.

GSK steps towards Boots buy

The medicines arms of Boots (Boots Health International), which includes Nurofen, Strepsils and Clearasil and is said to be worth in the region of £1bn, is up for sale and GlaxoSmithKline (GSK) is an interested buyer. GSK has a significant consumer healthcare division already which pushes out big brands such as Panadol, Zovira and Aquafresh in return for around £3bn each year. At the firm's AGM last week, CEO Jean-Pierre Garnier confirmed that GSK would be ìlooking at the Boots opportunity when it becomes availableî - expected to be put on the market in July.

Faster market access for small EU firms

European industry commissioner, G¸nter Verheugen, will take steps to provide accelerated access to market for medicines made by small- and medium-sized companies in Europe in the hope of reviving innovation in the sector. He plans to bring his ideas before the European Commission during the summer, in time for the full handover of power, regarding regulation of the industry, to the European Agency for the Evaluation of Medicinal Products (EMEA) in November. The EMEA will help small- and medium-sized companies to launch their products by involving them earlier in discussions about gaining approval through an accelerated centralised process as well as providing guidance on conducting clinical trials. ìThe aim is to improve innovation and accessibility,î Verheugen told the Financial Times Deutschland.

30th September 2008

Share

Featured jobs

Subscribe to our email news alerts

PMHub

Add my company
CSafe Global

CSafe Global is the only global provider of a full line of cold chain solutions and is the world’s largest...

Latest intelligence

Beyond the event
...
Anthill Agency and Actando partnership to Transform Pharma's Digital Skills
Anthill Agency, a leading life sciences digital agency, today announced the launch of the Anthill Academy™ and partnership with Actando's PharmAcademy....
Is the pharma business model ready for precision medicine?
Precision medicine promises to revolutionise patient outcomes and reduce costs for industry but is pharma ready for it? Blue Latitude Health co-founder Head of Strategy Fred Bassett explores the challenges...

Infographics