Drugmakers Looking At Creative Ways To Attract Patients To Clinical Trials
Researchers count on about 1.7 million patients to participate in drug trials around the world each year, but they are resorting to new methods of helping consumers find out about the opportunities and participate because they have trouble retaining patients. In other drug developments, Glaxo scientists and federal prosecutors wrestle over access to trade secrets; questions about whether Pfizer will split into two parts; Teva, a generic drug maker, joins the pharmaceutical industry's trade group; and other news.
The Wall Street Journal:
Companies Try New Ways To Attract Patients To Drug Trials
Drug companies are testing new ways to get more people to participate in clinical trials for promising medicines. Some companies sift through laboratory-test records to identify people with certain diseases who might qualify for drug trials. Other firms monitor how patients discuss their diseases in online forums to develop effective recruitment approaches. (Rockoff, 7/18)
Stat:
Former Glaxo Scientists And The Feds Fight Over Reviewing Allegedly Stolen Documents
A pair of former GlaxoSmithKline scientists, who were indicted earlier this year for allegedly stealing trade secrets and funneling the information to a company in China, is fighting with the federal government over their ability to stage a defense. At issue is a protracted tussle over how the former scientists — and two of their compatriots — will be able to review millions of pages of documents and other evidence that will be used at their trials, but remain under government supervision while they do so. And more than mere logistics are at stake, at least according to the feds. (Silverman, 7/18)
Stat:
To Split Or Not To Split? One Wall Street Wag Thinks Pfizer May Remain Intact
After its deal to acquire Allergan fell apart three months ago, Pfizer executives indicated they may split the company into different parts. The idea, which Pfizer first floated five years ago, would presumably unlock, or bolster, shareholder value by creating two different entities to produce older drugs and another that would focus on newer medicines. A decision is expected later this year, but one Wall Street analyst is questioning whether the big drug maker will follow through. (Silverman, 7/18)
Stat:
Teva, One Of The Biggest Generic Makers, Joins The Brand-Name Club
In a move that underscores the changing landscape of the pharmaceutical industry, the chief trade group has officially accepted one of the world’s largest generic drug makers into its ranks. Last Friday, Teva Pharmaceuticals became a member of the Pharmaceutical Research and Manufacturers of America, which has burnished its reputation on Capitol Hill and elsewhere as a staunch defender of brand-name companies. The decision to accept Teva, which had been telegraphed in recent days, came as a surprise to some industry watchers, given the historical rivalry between brand-name and generic manufacturers. (Silverman, 7/18)
The Wall Street Journal:
Novartis Says Profit Could Dip As It Boosts Investment In Heart Drug Entresto
Swiss pharmaceutical company Novartis AG cut its profit guidance for the year as it ramps up investment in its new heart-failure drug to offset falling sales of cancer blockbuster Gleevec. Joe Jimenez, chief executive, said he had made a “hard decision” to boost investment in Entresto by an additional $200 million this year, a move that could cost the company 1-2% of core operating income. (Roland, 7/19)
Reuters:
Novartis, World's Top Drugmaker, Plays Down Brexit Threat
Switzerland's Novartis, the world's biggest maker of prescription drugs, will continue to invest in Britain, despite the country's decision to leave the European Union, its chief executive said on Tuesday. Joe Jimenez also told reporters he expected the European Medicines Agency (EMA), currently based in London, to continue its work on approving new medicines in an "orderly" fashion, even though it is likely to have to move to a new location. (Revill, 7/19)