The top 9 overseas accounts in biopharma hold $133B in M&A firepower
27 April 2017
During Amgen’s Q1 discussion with analysts on Wednesday evening, CEO Bob Bradway repeated one of the key themes in the land of Big Biopharma. Biotech valuations are high, he noted, making it difficult to acquire the kind of drug assets he’d like to lay his hands on.
Growth of Japanese Pharma Market Driven by Biologics and Generic Drugs, Says CPhI Report
26 April 2017
CPhI Japan, organized by UBM EMEA and UBM Asia, returned to Tokyo for its 16th edition on April 19–21, 2017. New research into the Japanese pharmaceutical market was released at the show. More than 90 domestic and international companies who attended the event were surveyed to gauge growth opportunities in Japan. Domestic companies have projected a 17% growth in 2017, citing renewed buoyancy in the Japanese pharmaceutical economy following several years of limited growth.
The top 15 spenders in the global drug R&D business: 2017
25 April 2017
You usually don’t see much annual fluctuation in the overall R&D budgets of the top 15 companies. The trend over the last few years has been to keep the lid on spending, particularly among the giants in Big Pharma. Companies didn’t cut much overall, but there was plenty of realignment going on as the industry refocused pipelines and continued a migration to the big hubs.
Foreign investments in the Russian pharmaceutical industry exceeded 1 billion euros
25 April 2017
Dmitry Kurochkin, Vice-President of the Chamber of Commerce and Industry of the Russian Federation, said that, over the past few years, the Russian pharmaceutical industry showed a steady growth and is a leader compared to the other industries. The year-over-year growth consistently remains above 10%. For example, in 2016, the pharmaceutical industry grew by almost 24%. For 2016, the output of medicinal products reached 285.87 billion rubles. 77% of vital and essential drugs are already produced in Russia.
Partnering to fund clinical trials: A new model for pharma
24 April 2017
The US Department of Health and Human Services estimates suggest the cost of the clinical trial process today is upwards of $100 million, and that does not even take into account the marketing and distribution investment necessary for a pharmaceutical company to ensure new life enhancing therapies reach patients’ hands. The rising costs of drug development mean that despite building a robust pipeline of early stage compounds and indications, drug makers with robust R&D pipelines are losing billions each year in potential revenue as promising new therapies sit on the shelf waiting for their patent to expire.
EMA relocation's possible impact on safety monitoring 'alarming,' EU R&D chiefs say
24 April 2017
As the saga of the EMA's location after Brexit rumbles on, European pharma leaders have drafted an open letter calling for strenuous efforts to avoid disruption at the regulator.
Epic Sciences Announces Completion of $40 Million Series D Financing
24 April 2017
Epic Sciences (Epic) announced today that the company has completed a $40 million Series D financing led by Hermed Capital. Altos Capital Partners, Domain Associates, Genomic Health, Pagoda Investment, Reach Tone Limited, RMI Partners, Sabby Capital and VI Ventures also participated in the financing. Epic is developing a portfolio of blood-based tests that predict drug response in cancer and recently partnered with Genomic Health to commercialize the OncotypeDx® AR-V7 Nucleus Detect™ test to leverage Genomic Health's world-class commercial channel and enterprise systems.
EU crushes U.K. hopes of retaining EMA after Brexit
20 April 2017
The European Commission has again sought to extinguish the United Kingdom’s lingering hopes of keeping the European Medicines Agency (EMA) in London after Brexit. Lead Brexiteer David Davis became the latest politician to claim London could retain the regulator earlier this week, only for a spokesperson for the commission to rubbish the idea.
20 April 2017
Clearside Biomedical, Inc. (Nasdaq:CLSD), a late-stage biopharmaceutical company developing first-in-class drug therapies to treat back-of-the-eye diseases, today announced completion of enrollment of an exploratory clinical trial (the “HULK” trial) of CLS-TA for suprachoroidal administration, its proprietary suspension formulation of the corticosteroid triamcinolone acetonide, with or without intravitreal Eylea® (aflibercept), for the treatment of diabetic macular edema (“DME”).
The New England Journal of Medicine compared FDA and EMA
17 April 2017
The New England Journal of Medicine compared review times for new therapeutic agents that were approved by the The Food and Drug Administration (FDA) or The European Medicines Agency (EMA) between 2011 and 2015.
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