Once again, Big Pharma's bad rep goes viral. Fair or not fair?
17 February 2015
Here are two more pieces of evidence that the pharma industry's rep is more Johnny Rotten than Pope Francis. A new Harris poll confirms that pharma gets a big thumbs-down from most of the general public, with only 37% of respondents saying "positive" things about the industry--even fewer than last year. That puts the drug business about on par with the airlines, and we all know how much love they get.
Cutting-edge Russian solutions for mobile medicine
17 February 2015
The Russian government has named pharma and biomed as a priority sector for innovation, and set a fairly ambitious strategic goal of increasing the share of domestic medical equipment products in the Russian market to at least 40%.
Biotech boom drives blockbuster VC investments in Boston, San Francisco
17 February 2015
The venture boom that funneled billions of dollars into life sciences companies last year included a big surge in first-time deals, according to a fresh analysis of the numbers for 2014. And the boom in venture investing looks set to continue well into 2015, according to the analysts at PricewaterhouseCoopers and the National Venture Capital Association, working with data provided by Thomson Reuters to put out the MoneyTree report.
Budget 2015: Medical device makers seek duty sops
17 February 2015
The Economic Times reported that the Association of Indian Medical Device Industry (AIMED) are seeking import duty concessions and a blanket ban on 100 percent foreign direct investment (FDI) in brown-field projects during the next budget.
Significant Changes Ahead for the Chinese Biologics and Biosimilars Industry
16 February 2015
In the absence of a Chinese regulatory definition of “biosimilarity” there are no marketed biosimilars of recombinant protein biotherapeutics in that country. Unlike the US and Europe, China does not have a regulatory path for the development of biosimilars and all biotherapeutics must follow the same path to approval whether they are novel drugs or new versions of existing ones.
Canadian government to require drug shortage notice
16 February 2015
The Canadian government will require pharmaceutical companies to post public notices when drugs are not available or face fines, Health Minister Rona Ambrose said.
Rusnano to aid Moscow in innovation cluster development
16 February 2015
The City of Moscow and Rusnano, Russia’s nanotech giant, have inked a five-year agreement on interaction in the development of local innovation clusters in the Russian capital.
Biotechs welcome spotlight on precision medicine By Brian Orelli
16 February 2015
"We shouldn't just celebrate innovation. We have to invest in innovation. We have to nurture innovation. We have to encourage it and make sure that we're channeling it in ways that are most productive," Obama said in a press conference announcing the initiative.
New studies show that devices, not just drugs, can help treat strokes
13 February 2015
Groundbreaking studies that resulted in standing ovations at the International Stroke Conference in Nashville, TN, offered more evidence that revascularization devices that physically remove blood clots from the brain are a valuable and potentially lifesaving addition to pharmaceutical therapy in stroke patients.
Report: 'Carrot and stick' needed to deal with drug shortages
13 February 2015
Shortages of essential, often lifesaving, drugs continue to plague countries globally, and they are looking at different ways to combat them. Canada will now require drugmakers to report shortages, a practice that has been voluntary.
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