SkyePharma signs key Flutiform marketing deal
SkyePharma has finally signed a US marketing agreement for its key
asthma treatment, Flutiform, with Kos Pharmaceuticals, a deal which
could be worth up to $165m. The UK firm said it had received $25m
in upfront payments, and could receive a total of $165m in
milestone payments on achievement of all regulatory and revenue
targets, plus royalties. It is hoping to secure a European
marketing deal in the next few months. SkyePharma had been pursuing
a Flutiform deal since 2003, a fact that was not lost on
disgruntled investors who succeeded in forcing the firm's former
chairman, Ian Gowrie-Smith, to resign. In March, their proposal to
oust chairman Jerry Karabelas was narrowly defeated in a
shareholder vote.
Roche boosts HDL pipeline
Roche has acquired exclusive rights to Trimeric Apo A-I, an
experimental drug to raise HDL cholesterol, being developed by
privately owned Danish biotech firm, Borean Pharma. The drug is an
early-stage preclinical compound and is a version of the naturally
occurring protein apolipoprotein A-I, the major protein component
of High Density Lipoprotein (HDL) or “good
cholesterolâ€. The HDL market is growing, with some
researchers predicting that such treatments will become very
effective in preventing heart attacks and strokes. Roche licensed
rights to another HDL cholesterol drug from Japan Tobacco in
October 2004.
Elan bullish on Tysabri re-launch
Irish firm, Elan, is bullish about its chances of re-launching
multiple sclerosis drug, Tysabri, in the European Union and the US
in the third quarter of this year. Sales of the drug were suspended
in the US last year, after three patients on combination therapy
including Tysabri, contracted a rare neurological disease called
progressive multifocal leukoencephalopathy (PML). The US Food and
Drug Administration's advisory committee has advised that the
treatment be introduced as a monotherapy in the US; its decision is
due by June 28. The European Medicines Agency's advisory committee
has recommended Tysabri only be used as a treatment for relapsing
MS patients. Elan markets the drug with Biogen in the US.
Sanofi vaccines sales offset generic impact
Growing sales of vaccines at sanofi-aventis have helped to soften
the negative impact of generic competition to some of the company's
biggest-selling drugs. Sanofi reported net income of
€1.51bn ($1.92bn) for the quarter, including
charges of €661m resulting from its takeover of
Aventis in August 2004. Excluding these charges, the company said
profit for the quarter increased 54 per cent from
€1.42bn a year earlier. Total pharmaceutical
sales rose by 3.3 per cent to €6.5bn, with two
top drugs, Allegra and Amaryl were hit by generic competition.
FDA gives warning to Pliva
Croatian firm, Pliva, has been warned by the US Food and Drugs
Administration that it must take 'corrective action' after the
regulator inspected its plant in Zagreb. “The
management is addressing this issue very seriously and is in the
process of implementing a corrective action plan, which was
submitted to the FDA in April,†said Pliva in a
statement. The company added that it would not receive any new
approvals for new treatments “while these issues
are being addressedâ€, but said the management did not
expect any material impact on its 2006 financial outlook.
No results were found
Avalere Health is a leading global commercialization partner for the biopharmaceutical, medical technology, and wellness industries. Working from advisory to...