LONDON (Reuters) – How many people does it take to run a successful biotech company? Just two, judging by the sale of XO1, a one-drug British firm snapped up last month by Johnson & Johnson.
Ten years on from pioneering an ultra-lean business model focused on investing in “virtual” companies with a single experimental medicine, XO1′s backer Index Ventures is chalking up some notable wins.
LONDON, April 10 (Reuters) – How many people does it take to
run a successful biotech company? Just two, judging by the sale
of XO1, a one-drug British firm snapped up last month by Johnson
Ten years on from pioneering an ultra-lean business model
focused on investing in “virtual” companies with a single
experimental medicine, XO1′s backer Index Ventures is chalking
up some notable wins.
STRATFORD-UPON-AVON, England (Reuters) – Arthur Miller’s quintessentially American work “Death of a Salesman” has been parachuted into Shakespeare’s hometown and given the unique honor of playing on the Bard’s birthday this year.
The portrait of a broken American dream is lauded as “the greatest American play of the 20th century” by director Gregory Doran, whose new production in Stratford-upon-Avon has subtle Shakespearean overtones.
LONDON, April 1 (Reuters) – A European project to streamline
drug approvals moves up a gear next week when regulators sit
down with the first company to have an experimental product
assessed under a new flexible pilot scheme.
Patients are impatient to access novel treatments and
regulators on both sides of Atlantic are trying to evaluate
promising medicines more swiftly than in the past.
LONDON (Reuters) – A hot new class of drugs designed to help the body’s own immune system fend off cancer by blocking a protein called PD-1 is going to be big – but not nearly as big as investors think, according to a new analysis.
Former top Nomura analyst Amit Roy, who now runs independent research firm Foveal, thinks sales of drugs inhibiting Programmed Death receptor (PD-1), or a related target PD-L1, will sell much less than expected.
LONDON, March 29 (Reuters) – GlaxoSmithKline has
reached a deal with the British government to supply a new
meningitis B vaccine, following a lengthy stand-off over price
with the product’s previous owner Novartis.
Health minister Jeremy Hunt announced the deal on Sunday,
which he said would make Britain the first country in the world
to have a nationwide vaccination programme for the potentially
deadly childhood disease.
(Reuters) – Denmark’s Novo Nordisk is to resubmit its new insulin Tresiba to U.S. regulators based on interim analysis data from a clinical trial, bringing its biggest new drug hope closer to the world’s top market.
Shares in the company leapt 13 percent to an all-time high in early trade in Copenhagen on Friday after it said it would file with the U.S. Food and Drugs Administration (FDA) within the next month. The drug was rebuffed by the FDA two years ago.
LONDON, March 26 (Reuters) – European governments need to be
better at sharing expertise about the cost-effectiveness of new
medicines to counter the budget strains posed by the arrival of
a wave of costly drugs, according to the World Health
Only a few countries across Europe have robust systems in
place to evaluate whether drugs are worth using at the prices
asked by manufacturers, the WHO said.
LONDON (Reuters) – An experimental drug that caused appalling side effects in a clinical trial nine years ago is back in tests for rheumatoid arthritis and is showing promise when given at a fraction of the original dose.
The small German-Russian biotech firm which now owns the drug hopes to confirm its benefits in a mid-stage trial, starting in June, and then bring in a major pharmaceutical company as a strategic investor, its chief executive told Reuters.
LONDON, March 23 (Reuters) – Bristol-Myers Squibb,
Sanofi and Novartis have the three top new
drugs set to reach the market in 2015, among 11 products each
with $1 billion-plus sales potential, according to a Thomson
More potential blockbusters are expected to be launched this
year than last, in an encouraging sign for the pharmaceutical
industry, which relies on new products to replenish sales as
older medicines go off patent.