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

GSK signs inflammatory disease deal
GlaxoSmithKline (GSK) has signed a licensing deal with US biotechnology group, ChemoCentryx, to discover, develop and market novel oral treatments for inflammatory diseases, including irritable bowel syndrome. ChemoCentryx will receive an upfront payment of $63.5m in both cash and an equity investment. The collaboration covers several projects, including ChemoCentryx's drug, Traficet-EN, which is already in late-stage development for inflammatory bowel disease. The deal, which is potentially worth up to $1.5bn in milestone payments, is the third signed by GSK's Centre of Excellence for External Drug Discovery, set up last year.

High-dosage sales boost Lipitor revenue
Sales of Pfizer's Lipitor rose in the second quarter, on the back of a boost in sales of higher-priced doses of the cholesterol-lowering blockbuster. The number of patients taking the highest doses in June rose by more than 10 per cent compared with May, according to analysts. A 10mg pill costs $2.44, while the 40mg and 80mg doses are $3.33 each. Lipitor revenue in the quarter rose by 2 per cent to $3.1bn, despite the number of patients remaining roughly the same.

OTC morning after pill gets US go-ahead
A lingering ethical debate about whether teenagers in the US will be easily able to procure the `morning after' contraception pill has been resolved with the news that the US Food and Drug Administration has ruled that consumers must show identification that proves they are over 18 in order to buy the OTC version of the drug, Plan B. The drug's manufacturer, Barr Pharmaceuticals, has also committed itself to monitoring whether the age rule is being enforced, including surveying of healthcare professionals and sending `anonymous shoppers' to test whether pharmacies are following rules.

GSK ahead in profit-per-employee poll
The 20 largest quoted companies in the UK make an average of over £96,000 pre-tax profit per employee, according to research carried out by the Observer. Of the two pharmaceutical companies in the FTSE top twenty, GlaxoSmithKline came slightly ahead of AstraZeneca. The study was conducted using the latest full-year profits available, taken from the companies' annual reports or using data supplied by the companies to Reuters.

30th September 2008

Share

Featured jobs

Subscribe to our email news alerts

PMHub

Add my company
Skills in Healthcare

At Skills in Healthcare, we are able to provide our customers with a professional set of sales capabilities. With our...

Latest intelligence

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...
ABPI2018
The NHS and ABPI at 70: inching closer to the triple win
The NHS and UK pharma’s ABPI both turn 70 this year. After years of transactional relationships, there’s a will to work more closely - but friction on prices and value...
What pharma marketers can learn from behavioural science
Pharma behavioural science and traditional emotional marketing create a powerful mix of techniques that have impact on real lives....

Infographics