News

Oil-rich Azerbaijan “very attractive” for pharma

The oil-rich and rapidly-growing nation of Azerbaijan is presenting itself as a very attractive ground for global healthcare investors, and the nation’s pharmaceutical market is particularly promising, according to new research.

China starts probe into pharma pricing

Days after beginning an investigation into price-fixing of infant milk by foreign companies, China has turned its attention to the pharmaceutical industry, both domestic and international.

Fresh EU approval for Novartis’ Lucentis

The European Commission has granted Novartis a fourth approval for its eye drug Lucentis, this time to treat patients with visual impairment due to choroidal neovascularisation secondary to pathologic myopia.

GSK tests ofatumumab in rare skin disorder

GlaxoSmithKline is to start a new Phase III study of ofatumumab as a treatment for pemphigus vulgaris, a rare autoimmune disorder of the skin, according to partner Genmab.

New problems for NHS 111 as NHS Direct drops contracts

Embattled urgent care telephone triage line NHS 111 has been dealt a further blow after NHS Direct confirmed it has pulled out of two contracts to provide the service, with the future of others in doubt.

Single shot of Biogen’s haemophilia drug controls 87% of bleeds

Biogen Idec and Swedish Orphan Biovitrum (Sobi) have unveiled late-stage clinical data that seem to support the clinical and safety profile of their long-lasting recombinant factor VIII candidate Eloctate, which is currently under review for haemophilia A.

Canada’s Rx drug coverage system “unsustainable”

Canada’s current “patchwork” system of prescription drug coverage is pushing up costs, creates massive confusion and results in significant financial hardship for some Canadians, insurance leaders have warned.

CFR of Chile in talks to buy South Africa’s Adcock Ingram

Chilean branded generics major CFR Pharmaceuticals (Corporacion Farmaceutica Recalcine) is making a cash and shares offer to buy South African group Adcock Ingram in a deal valued at 12.90 billion rand, around $1.30 billion.