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May 7, 2008
Hospira
1Q Revenues: $888.7 million (+14%)
1Q Earnings: $65.4 million (loss of $29.4 million 1Q07)
Comments: In the Americas, pharmaceuticals revenues grew was 11% to $462.6 million. However, the "Other Pharmaceuticals" unit, which…
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May 7, 2008
Patricia Williams has been appointed to the position of vice
president, commercial operations, Kendle. In this newly created
position, Ms. Williams will provide leadership for global contract
execution and negotiation with the…
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May 7, 2008
Kendle
1Q Revenues: $158.8 million (+20%)
1Q Earnings: $5.6 million (+33%)
Comments: The company achieved record service revenues of $114.1
million and record new business awards of $180 million, both up 20%.
Total business a…
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May 6, 2008
Merck plans to reduce the size of its U.S. sales force by 15%, firing 1,200 reps. The move comes in the wake of slowing cholesterol drug sales as well as increased generic competition, according to the company.
"Merck is ta…
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May 6, 2008
New Phase III data for Novartis' Menveo show that the vaccine produced a greater immune response against meningococcal serogroups A, C, W-135 and Y in adolescents 11-18 years of age compared to Sanofi Pasteur's Menactra. Infection with any of these f…
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May 6, 2008
Goodwin Biotechnology, Inc. (GBI) has completed the expansion of its cGMP manufacturing space, doubling its capacity. The expansion includes the addition of a 200L and 500L stirred tank bioreactor train to its hollow fiber and perfusion capabilities,…
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May 5, 2008
Bristol-Myers Squibb is selling its therapy and surgical care unit, ConvaTec, to two private equity firms, Nordic Capital and Avista Capital Partners for $4.1 billion. The sale, expected to close in the third quarter, is part of the company's strateg…
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May 5, 2008
AMRI
1Q Revenues: $53.6 million (+11%)
1Q Earnings: $4.7 million (+47%)
Comments: Total contract revenue increased to $45.3 million in the quarter (+10%). Discovery Services revenue was $13.3 million (+34%). Development and Small Scale…
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May 5, 2008
Eisai Corp. of North America has appointed Cynthia Schwalm president of Eisai Inc. In her new role, Ms. Schwalm will have full operating responsibility for leading Eisai Inc., the U.S. commercial operation of Eisai Co., Ltd.
Ms.…
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May 2, 2008
QSV Biologics has been awarded a cGMP manufacturing contract for a recombinant protein under development by Pfizer. The protein, intended for clinical trials, will be manufactured at QSV's Edmonton facility in Canada. The project, to begin immediatel…
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May 2, 2008
Pfizer plans to invest $297 million in a new biotech plant in Ireland for the production of experimental medicines. The facility will develop and produce small-scale quantities of products for Phase II and III trials, and will create approximately 10…
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May 2, 2008
Roche has exercised its option to further develop and commercialize Memory Pharmaceuticals' lead nicotinic alpha-7 agonist drug candidate, MEM 3454, for neurological and psychiatric disorders. This decision triggers a $6 million milestone payment and…
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May 1, 2008
The FDA has issued a warning letter to Merck & Co. regarding several manufacturing deficiencies at its main vaccine plant in West Point, PA. The letter states that the FDA found "significant objectionable conditions" in the manufacture…
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May 1, 2008
GlaxoSmithKline has made several changes to its corporate executive management team. The appointments will take effect on May 22 when Andrew Witty officially assumes the role of chief executive officer.
Mr. Witty remarked, "…
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May 1, 2008
Robert R. Ruffolo, Jr., Ph.D. will retire as president, Wyeth Research and senior vice president, Wyeth, later this year. He will be succeeded by Mikael Dohlsten, M.D., Ph.D.
Dr. Ruffolo joined Wyeth in November 2000 and has bee…
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