FDA DTC advertising survey released
April 1st 2000Results of a new survey detailing the attitudes of consumers toward direct-to-consumer print and television advertising for pharmaceuticals have been released by the Food and Drug Administration's Division of Drug Marketing, Advertising and Communications.
Pfizer, Warner-Lambert agree to merge
April 1st 2000Pfizer Inc., New York, and Warner-Lambert Co., Morris Plains, NJ, announced they have entered into a definitive merger agreement. The combined company will have annual revenues of approximately $28 billion, including $21 billion in prescription pharmaceutical sales.
St. John's wort undermines protease inhibitor
April 1st 2000Results of a study conducted by researchers at the National Institutes of Health Clinical Center show that St. John's wort, an herbal product used to treat depression, could significantly undermine the effectiveness the antiviral drug indinavir, which is often prescribed to treat HIV infection.
Is access possible in tough markets?
March 1st 2000In the 1990s, the promise of healthcare reform and the rise of managed care created unique markets, where the business of selling pharmaceuticals has been at the mercy of often unknown pressures. These market fluctuations have created physician access trouble for the pharmaceutical industry, and tricks of the trade no longer get reps through the door.
Industry on track for 2000, PhRMA says
March 1st 2000According to the Pharmaceutical Research and Manufacturers of America, at its annual state of the industry conference in Washington, pharmaceutical and biotechnology companies had 40 new treatments – 35 drugs and five biologics – approved by the Food and Drug Administration in 1999. The medicines target 36 diseases that affect 545 million patients and cost society an estimated $600 billion a year.
Drug costs on the rise in 2000
March 1st 2000Drug cost increases will exceed 18% for 2000 – leading to a significant increase in total health plan costs - according to a study from the Segal Co., a consultant and actuary firm serving human resources, employee benefits and compensation programs in the U.S., Canada and abroad.
Glaxo and SmithKline agree to merge
March 1st 2000In a merger of equals valued at $75 billion, London-based Glaxo Wellcome Inc., and SmithKline Beecham, also based in London, have agreed to join businesses – forming the largest pharmaceutical company in the world. The new company, which would be known as Glaxo SmithKline, would have an annual research and development budget of approximately $4 billion.
Standout rep took the scenic route
March 1st 2000Christine Garabedian knew, for more than two years, what she wanted to do. She described her experience in physicians' offices: "I'd see the reps talking to doctors and I thought, 'That's what I want to do - how come no one lets me do this?' I knew I'd be good at it."
Scott-Levin releases sales force survey
March 1st 2000"Pharmaceutical Sales Force Structures & Strategies 1999-2000," a survey of U.S. physicians released by Newtown, PA-based pharmaceutical consulting company Scott-Levin, reveals that doctors rank Pfizer Inc.'s sales force as the most valuable. Twenty-eight physician specialty groups in nine core specialty areas – general/family practitioners, internists, pediatricians, orthopedic surgeons, obstetricians/gynecologists, psychiatrists, general surgeons, gastroenterologists and cardiologists – were surveyed for this year's study. 1999 was the fifth consecutive year New York-based Pfizer finished first across the core groups.
Consumers satisfied with health plans
March 1st 2000Healthcare intelligence and Internet content provider Caredata.com, Atlanta, GA, has released the results of their 1999 Commercial Health Plan Survey. The survey reveals that consumer satisfaction with prescription drug plans is higher than satisfaction with overall health plans among the commercial managed care plan members surveyed.
FDA: Stronger warnings for Propulsid
March 1st 2000The Food and Drug Administration is warning patients taking Titusville, NJ-based Janssen Pharmaceutica's heartburn treatment, Propulsid® (cisapride) of new advisories concerning the drug. Propulsid is a treatment for severe nighttime heartburn in patients with gastroesophagal reflux disease who do not adequately respond to other therapies. The new measures are being recommended to help physicians avoid giving Propulsid to patients who are at known risk of rare, but serious, cardiac events associated with the drug.