Morning Briefing
Summaries of health policy coverage from major news organizations
Drugmakers Looking At Creative Ways To Attract Patients To Clinical 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)
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 鈥 and two of their compatriots 鈥 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)
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)
In a move that underscores the changing landscape of the pharmaceutical industry, the chief trade group has officially accepted one of the world鈥檚 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)
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 鈥渉ard decision鈥 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)
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)