FTC, Justice Examine Patent Protection and Abuse
March 1st 2002Washington DC-As part of its continuing investigation into competition and intellectual property rights, the US Federal Trade Commission and the Antitrust Division of the Department of Justice recently kicked off a series of hearings.
Budget Winners: FDA, Research, and Rx Coverage
March 1st 2002Athough the Bush administration's $2 trillion budget proposal for fiscal year 2003 reduces spending on domestic programs overall, initiatives falling under the bioterrorism-preparedness umbrella escaped the axe. The result is more funding for biomedical research conducted by the National Institutes of Health and for FDA efforts to spur development and approval of new medicines and vaccines.
OxyContin Marketing Tactics Under Attack
March 1st 2002Even though FDA officials and company executives maintain that Purdue Pharma hasn't violated any rules governing pharma advertising, critics who want to ban the sale of the painkiller OxyContin complain about the company's promotional excesses. At a hearing before the Senate Health, Education, Labor and Pensions (HELP) Committee in February, patient advocates blamed soaring abuse of the medication on company sales and advertising activities.
Fast Track Fallout: ImClone Stumbles, Takes BMS With It
March 1st 2002Executives at Enron aren't the only ones feeling the heat. ImClone's CEO and COO-brothers Samuel and Harlan Waksal-recently got an ultimatum from Bristol-Myers Squibb: Step aside and let BMS take Erbitux (IMC 225) through the approval process, or it will terminate their agreement. The Waksals refused, and BMS backed down-for now.
Money Can't Buy Love: Annual Sales and Marketing Employment Survey
March 1st 2002Last year's average turnover among general physician sales reps was 19 percent-up 2 percent from 2000-making retention the number one human resource issue for pharmaceutical companies today. Industry employers are discovering that despite all the resources
The Freedom To Ask, "What If?"
March 1st 2002Product developers - working in everything from discovery to quality control - have become so proficient at generating information that they're drowning in data. At the same time, the race to bring innovative pharmaceuticals to market is intensifying.