By Bill Berkrot
(Reuters) – First Manhattan Company (FMC) stepped up the pressure in its proxy fight with obesity drug maker Vivus Inc (VVUS.O: Quote, Profile, Research, Stock Buzz), saying it was in advanced discussions with potential chief executive candidates to replace the current CEO should it prevail in gaining control of the Vivus board.
In a filing with U.S. securities regulators, FMC said it had gone as far as hiring recruiters with experience in the pharmaceutical industry to identify top CEO candidates.
WASHINGTON/NEW YORK (Reuters) – The U.S. Supreme Court ruled on Monday that generic drugmakers cannot be sued under state law for adverse reactions to their products, a decision that consumer advocates called a blow to patient safety.
In a 5-4 vote, the court ruled for Mutual Pharmaceutical Co, owned by Sun Pharmaceutical Industries Ltd, overturning a multimillion-dollar jury award to a badly injured patient in New Hampshire who alleged a generic drug she had taken was unsafe based on its chemical design.
WASHINGTON/NEW YORK, June 24 (Reuters) – The U.S. Supreme
Court ruled on Monday that generic drugmakers cannot be sued
under state law for adverse reactions to their products, a
decision that consumer advocates called a blow to patient
In a 5-4 vote, the court ruled for Mutual Pharmaceutical Co,
owned by Sun Pharmaceutical Industries Ltd,
overturning a multimillion-dollar jury award to a badly injured
patient in New Hampshire who alleged a generic drug she had
taken was unsafe based on its chemical design.
By Bill Berkrot
(Reuters) – A once-weekly drug for type 2 diabetes developed by Eli Lilly and Co worked better at controlling blood sugar than three other widely used medicines, according to data from late- stage clinical trials.
The data, presented on Saturday at the American Diabetes Association (ADA) meeting in Chicago, also showed that the Lilly shot helped patients lose twice as much weight as those taking Merck & Co’s $4 billion-a-year drug, Januvia.
NEW YORK (Reuters) – Global drugmakers said on Wednesday they would cooperate with an independent review to address concerns of a potential link between widely used diabetes medicines and pancreatic cancer and other safety problems.
The American Diabetes Association (ADA) this week called for a new evaluation of clinical data on drugs used to control blood sugar for patients with type 2 diabetes. They include Merck & Co’s $4 billion a year Januvia franchise, Novo Nordisk’s Victoza, and Byetta and Onglyza from Bristol-Myers Squibb Co and AstraZeneca Plc, among others.
June 11 (Reuters) – Celgene Corp’s experimental
drug for psoriatic arthritis maintained its ability to
significantly reduce painful symptoms through 52 weeks of
treatment, according to data from a late stage study being
presented this week at a medical meeting.
The U.S. biotechnology company had previously released
positive data from the 500-patient Phase III trial called
Palace-1 that compared its drug, apremilast, to a placebo
through 16 weeks of treatment.
June 11 (Reuters) – Johnson & Johnson’s Stelara
produced significant improvement in signs and symptoms of
psoriatic arthritis through 52 weeks of treatment in a late
stage study, according to data being presented at a medical
meeting in Europe.
The Phase III trial tested Stelara at two doses against a
placebo in 312 patients with active psoriatic arthritis, and
included both subjects who had previously been treated with
widely used biotech drugs from a class known as anti-TNF
medicines and those who had not.
(Reuters) – Forest Laboratories Inc is trying to avert yet another bitter proxy battle with billionaire investor Carl Icahn ahead of its annual investor meeting this summer, according to two sources familiar with the situation.
Icahn, Forest’s second-largest shareholder, and the company have been in discussions over the course of the year and talks are ongoing to avoid a third proxy fight in as many years, the sources said.
June 2 (Reuters) – The widely used Roche Holding AG
cancer drug Avastin failed to prolong survival when added to
chemo-radiation therapy for glioblastoma – a fast-growing type
of brain tumor – according to data presented on Sunday.
Those who received Avastin in the late-stage study of 637
previously untreated patients also experienced more side
effects, such as low platelet counts, blood clots and elevated
blood pressure. Researchers said the toxicity was not severe
enough to preclude use of Avastin, or bevacizumab, had it helped
patients live longer.
June 2 (Reuters) – Roche Holding AG’s drug Avastin
helped prolong the lives of women with advanced cervical cancer
when added to chemotherapy in a late-stage clinical trial,
likely paving the way to another major use for the
This marked the first study to demonstrate that a drug which
blocks blood vessel formation in the tumor can prolong the lives
of women with gynecologic cancers, researchers said.