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CommentWire
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GlaxoSmithKline's fifth round of price cuts since 1997 includes 14 HIV drugs reduced by an average of 21%. The biggest reduction is a 40% cut in the price of Ziagen, a first and second line AIDS treatment. With the use of compulsory licenses becoming more frequent among developing countries, GSK will hope that such price cuts appease governments and prevent their patents being bypassed.
Published By Datamonitor
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21 Feb 2008 |
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CommentWire
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US healthcare giant Pfizer has announced that a further 800 jobs are to be terminated from its R&D department, bringing the total number of cuts since restructuring began in January 2007 to 14,600. The move follows the company's September 2008 announcement that it plans to focus its internal R&D capabilities on six core disease areas, and may herald further strategic realignment.
Published By Datamonitor
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14 Jan 2009 |
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Expert View
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The Pfizer-Wyeth merger will create a prescription pharmaceutical company of unprecedented scale. The combined entity would have recorded total company sales in excess of $70 billion and prescription pharmaceutical sales of over $60 billion in 2008. However, the deal is not a solution to the companies' declining sales outlooks, and profit growth will only be achieved through further cost cutting.
Published By Datamonitor
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28 Jan 2009 |
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CommentWire
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Pfizer's $68 billion move to acquire Wyeth has paved the way for further strategic realignments in the industry, as companies prepare for a raft of blockbuster patent expiries. In the wake of Pfizer's deal, Sanofi-Aventis has begun negotiations with banks in preparation for its own M&A activity while GlaxoSmithKline, still staying clear of mega-mergers, is making another round of job cuts.
Published By Datamonitor
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02 Feb 2009 |
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CommentWire
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Sales of Tamiflu, Roche's influenza treatment, have plummeted by 68% compared to 2007, reflecting the waning attention paid to pandemic preparation by governments worldwide and the emerging competition from Relenza and pandemic influenza vaccines. Despite insufficient stockpiles in most countries, Datamonitor believes that the seasonal market will continue to gain importance for Tamiflu's sales.
Published By Datamonitor
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05 Feb 2009 |
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CommentWire
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GlaxoSmithKline and Idenix are to co-develop IDX899 for the treatment of HIV infection. Despite having eight marketed HIV products, GSK lost its position as market leader to Gilead in 2007. The new collaboration with Idenix will, however, help the company to maintain its share in the fiercely competitive HIV market.
Published By Datamonitor
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09 Feb 2009 |
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CommentWire
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Having signed an agreement to jointly develop Unit Dose Budesonide, Map Pharmaceuticals' novel formulation of nebulized budesonide, AstraZeneca had hoped to negate a key competitive threat while adding to its own portfolio. However, recent study results suggest that AstraZeneca's strategy may have been in vain, while the consequences may be more far reaching for MAP.
Published By Datamonitor
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25 Feb 2009 |
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CommentWire
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Following an analysis by independent safety monitors, Synta Pharmaceuticals has been forced to halt a pivotal Phase III trial of elesclomol in advanced melanoma. While this news is particularly disappointing for the melanoma market, where a significant unmet need exists, the setback also presents ominous consequences for Synta.
Published By Datamonitor
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02 Mar 2009 |
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CommentWire
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Pfizer has announced that a Phase III trial of Sutent in advanced pancreatic neuroendocrine tumors has reached its primary endpoint of improved progression-free survival. Given the niche, underserved nature of the advanced pancreatic neuroendocrine market, seeking a line extension in this indication may be a successful strategy for the company.
Published By Datamonitor
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13 Mar 2009 |
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Expert View
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As a standalone company, Merck & Co. faces a tough future of declining sales. Datamonitor forecasts that the merger with Schering-Plough will succeed in returning Merck to positive sales growth and provide a raft of new pipeline and marketed products. However, before this can be achieved, outstanding issues surrounding Schering-Plough's partnership with Johnson & Johnson must be resolved.
Published By Datamonitor
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13 Mar 2009 |
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