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The Burrill Features
Measuring Returns from Innovation PDF Print E-mail
Saturday, 15 December 2012 05:28

The top pharmaceutical companies brought 30 percent more drugs to market in the past two years than the previous two, but at the same time saw a 30 percent drop in the total value of newly commercialized drugs, according to a new report from Deloitte and Thompson Reuters. But there’s reason for optimism because of a significant increase to both the value and volume of late-stage pipelines. We spoke to Julian Remnant, principal in life sciences R&D Strategy for Deloitte in Europe, and Neil Lesser Principal for Deloitte, about the new report, how pricing pressures and new development strategies may be affecting value of drugs in development, and what the future of R&D looks like for the industry.

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Gilead to Buy YM BioSciences for $510 Million PDF Print E-mail
Saturday, 15 December 2012 05:22

Deal strengthens Gilead's cancer pipeline.

Gilead is branching out from its lead position in anti-virals into cancer therapeutics with the acquisition of Canadian biotech YM BioSciences.

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Antisense Gets Respect PDF Print E-mail
Saturday, 15 December 2012 05:18

Biogen Idec takes a third option to license Isis’ antisense candidates, this time in neurology.

Biogen Idec entered a collaboration and option agreement worth up to $630 million with Isis Pharmaceuticals to discover and develop antisense drugs against three undisclosed targets to treat neurological or neuromuscular disorders. It is their third such collaboration in less than a year.

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Amgen to Acquire deCODE Genetics for $415 Million PDF Print E-mail
Saturday, 15 December 2012 05:10

Biotech giant hopes to use pioneering genetics work to drive drug development.

Amgen said it would acquire the pioneering genetics company deCODE Genetics for $415 million in hopes of improving its drug development efforts by starting with better validated targets.

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FDA Touts Its Record on Approvals PDF Print E-mail
Sunday, 09 December 2012 20:47

The U.S. Food and Drug Administration approved 35 new drugs in fiscal 2012, according to a report from the agency that finds all but one of those were approved within their target dates for action. What’s more, about one-third of those drugs were approved under the agency’s Fast Track designation. We spoke to Peter Pitts, president of the Center for Medicine in the Public Interest and a former FDA associate commissioner, about the new report, challenges the agency faces, and whether the improved performance reflects changes at the FDA, or better quality submissions from the industry.

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Device Makers Partner with FDA to Speed Reviews PDF Print E-mail
Sunday, 09 December 2012 20:40

New public-private partnership focuses on developing regulatory science to assess new technologies.

The U.S. Food and Drug Administration has formed the first public-private partnership to promote regulatory science to speed the development, assessment, and review of new medical devices.

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Baxter to Acquire Gambro for $4 Billion PDF Print E-mail
Sunday, 09 December 2012 20:12

Deal will enhance the drugmaker’s dialysis portfolio and global reach.

Baxter International has agreed to acquire Sweden’s Gambro, a privately held maker of dialysis products and therapies for $4 billion (26.5 billion SEK) including assumption of Gambro’s debt. The deal will likely make Baxter the world’s largest maker of kidney dialysis products, as it vaults past market leader Fresenius Medical Care, and give it a comprehensive dialysis product portfolio.

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New Estimate of Drug Development Costs Pegs Total at $1.5 Billion PDF Print E-mail
Sunday, 09 December 2012 20:07

Office of Health Economics suggest more flexibility and better alignment needed between stakeholders and innovators is needed.

The cost of drug development has been a matter of controversy, particularly because the high cost and long time to bring a drug from discovery to market is used to justify high prices for innovative drugs. Now a new report that examines a wide range of previous studies pegs the total at $1.5 billion.

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$700,000 in Gold Dust Goes Missing from Pfizer Lab PDF Print E-mail
Sunday, 09 December 2012 20:00

The weekly round-up of failed trials, missed targets, and other business mishaps.

Nearly $700,000 in gold dust has gone missing from a Pfizer lab in Chesterfield, Missouri. Pfizer and local authorities are unsure how it disappeared. Police were called in after a Pfizer employee who was conducting inventory failed to find the gold dust. According to The St. Louis Post-Dispatch, depending on the purity of the gold dust, the amount that went missing could weigh from 30 to 70 pounds.

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Big Pharma Expands Access to Medicines PDF Print E-mail
Sunday, 02 December 2012 19:54

Despite progress, oversight of clinical trials outsourcing leaves room for improvement, says non-profit's review.

The top pharmaceutical companies have improved access to their products in developing countries, according to the Access to Medicine Foundation’s latest ratings.

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FDA Approves Ariad’s Cancer Drug Iclusig PDF Print E-mail
Saturday, 15 December 2012 05:25

Treatment for rare leukemias gets early OK through accelerated approval program.

The U.S. Food and Drug Administration has approved Ariad’s new targeted leukemia therapy Iclusig three months ahead of schedule.

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National Health Service to Map DNA of Up to 100,000 Patients PDF Print E-mail
Saturday, 15 December 2012 05:20

Effort to focus on cancer in hopes of accelerating diagnosis, improving treatment, and sparking innovation.

The United Kingdom’s National Health Service says it will map the DNA of up to 100,000 patients with cancer and other rare diseases over the next three to five years at a cost of $162 million (£100 million).

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Teva Looks for $2 Billion in Savings PDF Print E-mail
Saturday, 15 December 2012 05:15

Generic drug giant's long-term strategy will include manufacturing revamp, move toward higher-value medicines.

Teva Pharmaceutical says it will divest non-core assets, trim its procurement costs, and shift its production to low-cost nations to save between $1.5 billion and $2 billion during the next three to five years.

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India’s Patent Office Revocations Continue PDF Print E-mail
Saturday, 15 December 2012 05:05

The weekly round-up of failed trials, missed targets, and other business mishaps.

The Indian Patent Office has revoked Merck’s patent for an asthma drug following a challenge from domestic pharmaceutical company Cipla. In an order issued by the patent office, the drug’s patent was revoked on the grounds that it lacked invention. The decision is the latest in a string of patent revocations by Indian officials.

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AliveCor Launches iPhone Heart Monitor PDF Print E-mail
Sunday, 09 December 2012 20:44

With FDA approval in hand, company begins taking orders for smartphone-linked device.

AliveCor has received FDA clearance for its mobile heart monitor, allowing it to open pre-sales for the device in the United States.

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Geron Favors Telomerase Target over Blood-Brain-Barrier in Company Restructuring PDF Print E-mail
Sunday, 09 December 2012 20:28

Limited results from a mid-stage clinical trial again force tough decisions in Menlo Park.

Geron will quit development of the experimental brain cancer therapy, GRN1005, and cut 43 related jobs as it shifts its focus to testing another drug candidate, imetelstat, as a treatment for blood cancers and some types of solid tumors. 

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Drugmakers and Academia Unite to Create iPS Stem Cell Bank PDF Print E-mail
Sunday, 09 December 2012 20:09

Biorepository will accelerate the use of the technology to enhance drug development.

Roche and Oxford University are leading an effort that brings together ten pharmaceutical companies and 23 academic institutions to launch Stembancc, which will focus on generating 1,500 induced pluripotent stem cell lines for use in drug development.

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Congressman Sees Jobs in Health Tech Boom PDF Print E-mail
Sunday, 09 December 2012 20:03

Proposed act would create new Office of Wireless Health Technology within the FDA.

Congressman Mike Honda is calling for the formation of a new Office of Wireless Health Technology to be created within the U.S. Food and Drug Administration as part of a package of financial incentives, grants, and workforce development programs to advance the health information technology sector. 

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Fiscal Cliff Threatens PDF Print E-mail
Sunday, 02 December 2012 19:57

As the U.S. government races toward the fiscal cliff, the lame duck Congress must reach an agreement on spending reductions and tax increases or face the trigger of $1.2 trillion in across the board budget cuts. The battle underway could have significant consequences for the life sciences industry. We spoke to David Gollaher, CEO of the California Healthcare Institute, about how sequestration will impact everything from the National Institutes of Health to the U.S. Food and Drug Administration, the likelihood of a resolution before year end, and what’s at stake for the life sciences industry.

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Selecta Biosciences Strikes Vaccine Partnership with Sanofi PDF Print E-mail
Sunday, 02 December 2012 19:51

Russian nanotech fund will invest up to $25 million as Selecta sets up Russian research center.

Selecta Biosciences and Sanofi will work together to discover highly targeted, antigen-specific immunotherapies for life-threatening allergies.

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