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Pharmaceuticals News

Big Pharma wants governments to pay for new antibiotics

Human society needs a new generation of antimicrobials to overcome the problem of multi-drug resistance. A key question stemming from this is who should pick up the bill?

Johnson and Johnson hit by shares drop

U.S. healthcare colossus Johnson and Johnson saw a drop in its share value by 6 percent during 2015, according to the company’s latest financial statement.

FDA takes legal action against pharmaceutical company

Washington - A consent decree has been opened against Downing Labs LLC, of Dallas, Texas, together with the holding company. The action has been initiated by U.S. District Judge Sam A. Lindsay.

Major pharmaceutical companies announce big layoffs

We are only into the early days of 2016 but this hasn’t slowed the actions of companies doing anything to protect their share prices. Two big pharmaceutical companies have already announced plant closures and layoffs.

Most clinical trials today are funded by Big Pharma

Concerns have been expressed over the past few years about the independence of clinical trials, due to the funding of some trials by corporations with vested interests. New data suggests this is now the norm rather than the exception.

Pharmaceutical boss arrested in securities fraud

The former, and controversial, CEO of Turing Pharmaceuticals and KaloBios Pharmaceuticals Inc., Martin Shkreli, has been detained for securities fraud.

Global drug spending set to rise to $1.4 trillion

In news that will no doubt please the shareholders of pharmaceutical companies, the global spend on drug products is set to rise by 30 percent by the year 2020. This means an annual pay-out of $1.4 trillion.

Many pharma companies failing the clinical trials test

London - The Good Pharma Scorecard is a system that ranks drugs based on their transparency and ethical practices. A review of some big pharma companies reveals several inconsistencies.

FDA blocks imports from Megafine Pharma

The U.S. Food and Drug Administration (FDA) has placed an import ban on the drug maker Megafine Pharma's Nashik site in Maharashtra, India.

Time to get clean on pharma pollution?

Most countries do not have any legal limits for the control of pollution from drugs during their manufacture, use and disposal. Some people are now calling for urgent action.

Has Turing Pharmaceuticals violated antitrust rules?

An investigation has been initiated in New York to see whether Turing Pharmaceuticals has contravened antitrust rules by restricting distribution of the drug Daraprim, as a means to block generic competition.

Roche in $580 pharma acquisition

Swiss drug giant Roche is to acquire rival company Adheron Therapeutics for $580 million. Adheron Therapeutics are based in the U.S.

Pharma company criticized over pigeons in process area

Mumbai - Pan Drugs Limited of Nandesari, India has been cited by the U.S. FDA for evidence of pigeons in an area of a drug manufacturing facility used to process medications.

Polydrug Laboratories banned from importing to U.S.

Mumbai - The company Polydrug Laboratories is no longer able to import medicinal products into the U.S. following a series of concerns about manufacturing standards.

Research companies pair up to tackle antibiotic resistance

London - As part of the growing action against the progressive rise in antibiotic resistant bacteria, two R&D organizations are to work together with the aim of creating new antibiotics.

Op-Ed: Global drug imports from India need better standards

Mumbai - The Indian pharmaceutical sector is beset with compliance problems. This is demonstrated via a series of import bans into the U.S. imposed by the U.S. Food and Drug Administration (FDA).

Pharmaceutical industry news round-up

Digital Journal delves into the key pharmaceutical sector business news. This week we bring updates from Novartis, Bayer, Boehringer and Lilly.

Amgen fined in the U.S. over 'improper advertising'

The pharmaceutical company Amgen has been fined by U.S. authorities in relation to the advertising of its products. The settlement is $71 million.

Is pharmaceutical waste triggering antibiotic resistance?

Several pharmaceutical companies have been accused by a campaign organization of contributing to the rise of antibiotic resistance among types of pathogenic bacteria, the so-termed "super bugs."

Big Pharma: Teva bids $40 billion for Mylan

Israel-based pharmaceutical company Teva makes an unsolicited offer for a smaller, Netherlands-based rival called Mylan, as its main product faces competition from generics.

AbbVie in major pharma acquisition

The pharmaceutical company AbbVie beat out a range of other major pharmaceutical firms, including global giant Johnson & Johnson, to reach a $21 billion deal with cancer drug specialist Pharmacyclics.

Pfizer to acquire Hospira in big pharma sale

The pharmaceutical Pfizer giant is purchasing the injectable drugmaker Hospira for a reported $15 billion. This represents a new area for Pfizer.

Merck buys Cubist Pharmaceuticals

Major pharmaceutical company Merck has splashed out $8 billion on a smaller company called Cubist Pharmaceuticals. This is related to the search for new antibiotics.

Drug companies hacked by FIN4

Cyberspies have reportedly hacked into the emails of a number of publicly traded companies. Most of these operate in health care and pharmaceuticals.

GlaxoSmithKline continues restructuring, cuts 900 jobs

GlaxoSmithKline (GSK) is eliminating 900 U.S. jobs. Most of these losses are in R&D. Furthermore, some employees may be relocated to other facilities.

Typical drug development costs $2.6 billion

How much does it cost to produce a pharmaceutical product these days? According to a new study, the typical cost has rocketed to $2.6 billion. The $ figure is up from an estimated price tag of $1 billion from an analysis published in 2003.

Merck buys Sigma-Aldrich for $17 billion

The German drug maker Merck has acquired the U.S.-based science supply company Sigma-Aldrich in a multi-billion-dollar deal. Merck has been growing its laboratory supply side and it has now become one of the biggest companies in the business.

Glaxo receives record fine in China

Changsha - The Chinese government has fined U.K. pharmaceuticals giant GlaxoSmithKline $490 million (3 billion yuan) after a court found the firm guilty of bribery.

Leading pharmacists debate hospital infections Special

Warwick - This week the leading pharmacists in the U.K. congregated in Warwick for the NHS QA Symposium. A number of measures to protect patients from infection were discussed, and Digital Journal was in attendance.

New cardiac drug shows real, life-saving promise

Basel - A new drug developed by Swiss pharmaceutical giant Novartis could turn the world of cardiovascular medicine on its head in less than 12 months.
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