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Tuesday, July 26, 2011

Fwd: | 07.25.11 | Will pharma fight Express-Medco merger?; Forest taps lobbyist to aid Solomon



-------- Original Message --------
Subject: | 07.25.11 | Will pharma fight Express-Medco merger?; Forest taps lobbyist to aid Solomon
Date: Mon, 25 Jul 2011 12:36:02 -0400 (EDT)
From: FiercePharma <editors@fiercepharma.com>
Reply-To: editors@fiercepharma.com
To: nbrauchitsch@yahoo.com


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July 25, 2011

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This week's sponsors:
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An Expert Briefing: Biotechnology 101

Today's Top Stories:
1. Will pharma fight the Express-Medco deal?
2. Forest taps lobbyist to aid Solomon at HHS
3. Vietnam to test GSK drug for contaminants
4. Roche, Novartis cancer meds win EMA nod
5. J&J's blockbuster hopefuls get EMA rec

Spotlight:
Teva gets a taste of its own patent medicine

Also Noted:
Dr Reddy's to buy Russian drug portfolio; Glenmark to ramp up on Salix HIV drug; Much more...

News From The Fierce Network:
1. Data analysis reveals adverse drug combo
2. Nonprofit to gain from Vertex's CF drug
3. St. Jude to cut 450 Swedish jobs


This week's sponsor is Drexel University Online.

Sponsor:An Expert Briefing: Biotechnology 101

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Today's Top Stories

1. Will pharma fight the Express-Medco deal?

By Tracy Staton Comment | Forward | Twitter | Facebook | LinkedIn

As if drugmakers didn't have enough pressure on sales from the upcoming patent cliff, they're now facing the threat of a pharmacy benefits merger that would turn two 900-pound gorillas into one King Kong of pricing power. As Dow Jones reports, pharma companies aren't cringing in fear just yet--at least not in public--but they might soon grab some burning torches and make a run at antitrust regulators, to see if that can keep the monster away.

Since Express Scripts announced last week that it planned to buy Medco Health Solutions for $29-plus billion, drugmakers have been taciturn about the possible threat to U.S. drug prices. Those who have spoken have tended to downplay the risk. Eli Lilly CFO Derica Rice, for instance, said the company could keep its negotiating power simply through the advantages its products offer over generics. (Never mind that the company's recent earnings clearly suffered from generic competition; that's another story.)

But industry experts and analysts have a different story to tell. BioPharma Alliance's Michael Luby, for instance, told Dow Jones that the Express/Medco combo would offer "extraordinary purchasing power for the combined company to leverage with pharmaceutical companies." And Morningstar analyst Damien Conover said the companies might raise antitrust concerns with regulators; that wouldn't be much of a stretch, given that the word "antitrust" was already all over the media coverage when Express and Medco announced the deal.

Price cuts in European countries such as Germany and Spain have already been dogging Big Pharma. In the U.S., drugmakers have escaped government price negotiation, at least so far, though companies have discounted their drugs for Medicare and are subject to mandatory Medicaid rebates. Pharma has, of course, spent lots of time, money and effort lobbying against U.S. government pricing pressure.

Now, the threat comes from the private sector. Besides the obvious danger of sheer size, the planned PBM merger involves at least one company, Medco, that hasn't been shy about subjecting drugs to its own comparative-effectiveness research--something the federal government has had difficulty embracing for political reasons. Pharma isn't wild about the idea. So, if the FTC doesn't start getting letters from drug CEOs, we'd be surprised.

- read the Dow Jones story

Related Articles:
Express Scripts strikes $29B deal for Medco
Medco digs deeper into diagnostics for drugs
Report: U.S. specialty-med spending on the rise

Read more about: Express Scripts, Medco Health Solutions, drug prices
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An Expert Briefing: Biotechnology 101- An Industry Overview for the Non-Scientist - Tuesday, July 26th, 1 pm ET / 10 am PT

Join us as we define biotechnology and briefly explore the various biotechnology sectors. We will also focus on the healthcare sector and explain how basic science and technology are used during the drug discovery process.
Topics include: DNA, Proteins, Recombinant DNA, Small and Large Molecule Drugs, and more Register today.


2. Forest taps lobbyist to aid Solomon at HHS

By Tracy Staton Comment | Forward | Twitter | Facebook | LinkedIn

Forest Laboratories is stepping up its fight on behalf of CEO Howard Solomon. In the face of threats that Solomon would be barred from doing business with the federal government, the company has tapped former Sen. John Breaux for help. A Democrat from Louisiana, Breaux co-headlines a lobbying firm with former Senate Majority Leader Trent Lott, and one of his specialties is healthcare issues.

Several months ago, the Department of Health and Human Services notified Solomon that he might be excluded from government business, a move that would prevent Forest from capturing Medicare and Veterans Administration sales so long as Solomon is associated with the company. Forest immediately pledged its support in Solomon's fight against exclusion, noting that, while the company had pleaded guilty to marketing an unapproved drug and settled an off-label marketing investigation with the U.S. Justice Department, Solomon himself had never been accused of wrongdoing.

In going after Solomon personally, HHS is making good on threats to hold pharma executives accountable for their companies' misdeeds, perhaps even if those executives weren't directly involved in wrongdoing. In spite of several Justice Department settlements in the hundreds of millions of dollars--as well as a couple in the billions--federal officials have worried that such deals aren't enough to deter bad corporate behavior.

Solomon's problems with HHS have spawned problems for Forest, most notably a proxy fight with Carl Icahn and his investment funds. Icahn's group has nominated new members for the company's board, and it has sued the company for more information about Solomon's status. Clearly, Forest thinks it needs help fighting off the dragons, or it wouldn't have hired Breaux.

- read the news from The Hill
- get more from Pharmalot

Related Articles:
Forest proxy battle heats up as meeting nears
Icahn sues Forest for info on Solomon's woes
Feds target Forest again with Justice subpoena
HHS move to bar Solomon raises pharma fears

Read more about: Forest Laboratories, Howard Solomon
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3. Vietnam to test GSK drug for contaminants

By Tracy Staton Comment | Forward | Twitter | Facebook | LinkedIn

In the wake of a recall in Hong Kong, GlaxoSmithKline's ($GSK) antibiotic Augmentin is now facing testing by regulators in Vietnam. The Drug Administration of Vietnam says it will collect samples of the drug to test for plasticizers, the chemicals found in trace amounts by Hong Kong officials. Vietnam has also asked GSK to work with distributors to collect samples.

Hong Kong has pulled two Augmentin products: a powdered form that's reconstituted into a liquid for dosing and a 375 mg pill version. Authorities there said they had found plasticizers in both products; the pill version contained di-2-ethyl hexyl phthalate (DEHP) and diisodecyl phthalate (DIDP). The 375 mg pill is no longer imported into Vietnam, authorities there said, although other pill strengths and powdered versions are.

At the time of the Hong Kong recall, GSK and health officials there emphasized that the amounts of plasticizer found weren't likely to cause harm to humans if they were taken at the proper doses. But Hong Kong is still mulling legal action against the drugmaker. Meanwhile, GSK is conducting an internal investigation to determine the source of the chemicals, because they are not used to manufacture the antibiotic products.

- read the story in Thanh Nien News

Related Articles
Hong Kong forces second GSK recall
Hong Kong yanks GSK drug on phthalate levels 

Read more about: Augmentin, Vietnam, GlaxoSmithKline, drug recall
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4. Roche, Novartis cancer meds win EMA nod

By Tracy Staton Comment | Forward | Twitter | Facebook | LinkedIn

Roche and Novartis both got a boost from European authorities, who are recommending new uses for their targeted cancer drugs. Roche got the nod from European Medicines Agency to market Tarceva for patients with a particular genetic strain of non-small cell lung cancer, while Novartis' Afinitor won backing for use in patients with advanced pancreatic neuroendocrine tumors.

Both new indications will need a final OK from the European Commission, but as Reuters points out, the EC typically follows through on these recommendations within a couple of months.

Tarceva already is a big seller for Roche, with $1.58 billion in 2010 revenues, but the new use promises to broaden its marketing appeal further. The new indication would cover Tarceva as a first-line treatment for NSCLC that has tested positive for a genetic mutation affecting the advanced epidermal growth factor receptor. It's already approved as a second- and third-line treatment for lung cancer with or without the mutation.

Afinitor, on the other hand, is still a sub-$1 billion drug, but Novartis ($NVS) hopes that building up new indications for the drug will eventually push it into blockbuster territory. As Reuters notes, the drug targets a protein that regulates cell division and metabolism, as well as blood-vessel growth. The new indication would allow Afinitor to be marketed for NET tumors that are inoperable or have metastasized. It's already approved for kidney disesase, and recent data have raised hopes that it could win a nod for use in breast cancer. Novartis plans to file for that indication by year's end.

- read the Reuters news
- get more from InPharm

Related Articles:
Study: Tarceva delays lung cancer twice as long
Another study-data boost for Novartis' Afinitor
Study boosts Roche bid for first-line Tarceva use
Novartis drug gets CHMP nod for new use

Read more about: Novartis, Roche, lung cancer, Tarceva
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5. J&J's blockbuster hopefuls get EMA rec

By Tracy Staton Comment | Forward | Twitter | Facebook | LinkedIn

Johnson & Johnson ($JNJ) saw its stable of new drugs strengthened at last week's meeting of European regulators. The European Medicines Agency's drug-approval panel backed its new prostate cancer drug Zytiga and its new hepatitis C treatment Incivo. As Bloomberg notes, both are presumed blockbusters that could help give J&J sales a multibillion-dollar boost.

Zytiga won approval in the U.S. earlier this year, as did Incivo, which is sold in that market by Vertex Pharmaceuticals ($VRTX) under the brand name Incivek. Citigroup's Matthew Dodds has tagged peak sales of Zytiga at $1.1 billion by 2015, while Incivo could hit $1.4 billion by the same year, Bloomberg notes.

The final European approval will have to come from the European Commission, but J&J is expected to be able to launch the drugs on the continent by the end of this year. In fact, J&J's Janssen Pharmaceutical is raring to go; Incivo medical leader Jim Witek told Bloomberg that Incivo could be on the market within days of the EC's blessing.

- read the Bloomberg story

ALSO: Johnson & Johnson (JNJ)'s Simponi, a treatment for rheumatoid arthritis, wasn't approved by U.S. regulators as a way to inhibit the progression of damage from the disease. Report

Related Articles:
With Incivek approval, hep C drug battle begins
Blockbuster expectations for new J&J prostate drug
Merck gets Roche to sell HCV drug in EU, elsewhere
Novartis, Roche blockbusters shine at ASCO

Read more about: European Medicines Agency, Prostate Cancer, Zytiga, Incivek
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Also Noted

TODAY'S SPOTLIGHT... Teva gets a taste of its own patent medicine

Teva Pharmaceutical Industries, the generic-drug giant that made a business out of challenging the valuable patents of Big Pharma, is getting a taste of its own tactics as generics makers target its multiple sclerosis drug Copaxone. And it's adopting the same defensive tactics that branded drugmakers have employed against it for years. Report

  @FiercePharma: Merck amps up in China with Simcere JV. Report | Follow @FiercePharma

> India's Dr Reddy's Laboratories agreed to buy JB Chemicals & Pharmaceuticals' drug prescription portfolio in Russia and several other countries in an approximately $34.9 million deal. Report

> Salix Pharmaceuticals has updated its supply agreement with India's Glenmark Pharmaceuticals to increase manufacturing of its HIV-associated diarrhea drug, Crofelemer. Article

> According to results from a Japanese study, Bayer's Xarelto blood thinner wasn't associated with a higher risk of bleeding for irregular-heartbeat patients compared to the previous standard of care, warfarin. Item

> GlaxoSmithKline sued Watson Pharmaceuticals to protect the patent on its prostate drug Jalyn, which Watson is seeking FDA permission to copy. News

> Victory Pharma, a specialty pharmaceutical company with operations in Cary, NC, and San Diego, will eliminate 179 positions when the sale of its assets to Shionogi wraps up. Report

> Valeant Pharmaceuticals got Canadian approval for its sleep drug Sublinox, to be marketed in a joint venture with Meda. Release

> Sanofi said it has appointed Greg Irace to the role of senior vice president, global services; he is currently CEO of Sanofi's U.S. operations. Report

Biotech News

@FierceBiotech: Bristol-Myers snapping up Amira Pharma for $325M. Item | Follow @FierceBiotech

@JohnCFierce: Government pledging to overhaul rules on human research. From the NYT. Story | Follow @JohnCFierce

@RyanMFierce: John Halamka has a very lucid explanation for why Harvard Med School needs a full time CIO, NGS demands, storage, etc. Blog post | Follow @RyanMFierce

@MaureenFierce: FDA rejects new use for J&J immune disorder drug Simponi. News | Follow @MaureenFierce

> Government officials try to simplify the rules on human research. Article

> Analysis: Grim stats on CNS drugs demand fresh approach to development. Report

> Medicis inks $58M dermatology pact with India's Lupin. Piece

Biotech IT News

> Harvard Med School CIO Halamka exiting big job. Story

> Biomax Informatics expands deal with Royal DSM. More

> Mayo Clinic eyes future trial recruitment with health data exchanges. Report

> Bioinformatics upstart Intervention Insights secures $7.2M. Article

Medical Device News

> Nevro lands $58M for pain devices. More

> St. Jude to cut 450 Swedish Jobs. Report

> King's College spins out Centron Diagnostics. Story

> Imperial Innovations invests $6.5M in Stanmore Implants. Article

> Drew Medical's Dinkel banned from Medicare business. News

And Finally... Arthrosclerosis, which causes heart disease, can also result in dementia, researchers found. Report

Webinars

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Fwd: | 07.22.11 | Merck amps up in China; J&J board blames woes on middle managers



-------- Original Message --------
Subject: | 07.22.11 | Merck amps up in China; J&J board blames woes on middle managers
Date: Fri, 22 Jul 2011 12:10:32 -0400 (EDT)
From: FiercePharma <editors@fiercepharma.com>
Reply-To: editors@fiercepharma.com
To: nbrauchitsch@yahoo.com


If you are unable to see the message below, click here to view.

July 22, 2011

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This week's sponsors:
Myriad RBM, Inc.
An Expert Briefing: Biotechnology 101

Today's Top Stories:
1. Merck amps up in China with Simcere JV
2. J&J board blames woes on middle managers
3. FDA joins Multaq review, reveals prelim data
4. EMA wants Actos warning, rules on Chantix
5. Lilly eyes vet assets; Pfizer says all or nothing

Spotlight:
AZ: No plans for follow up on Brilinta-aspirin link

Also Noted:
Teva to shutter Montreal plant, cut 340 jobs; Baxter boosts earnings, raises outlook; Much more...

News From The Fierce Network:
1. Pfizer commits $100M to Mission Bay project
2. BMS snapping up Amira Pharma for $325M
3. FDA panel votes in favor of Sapien valve


This week's sponsor is Myriad RBM, Inc.

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> Regional BD Director
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Today's Top Stories

1. Merck amps up in China with Simcere JV

By Tracy Staton Comment | Forward | < a href="http://links.mkt1985.com/ctt?kn=17&ms=MzU1ODYyMwS2&r=MjM2NzI3MjAzMjcS1&b=0&j=MTEyMDc4MDQ1S0&mt=1&rt=0" name="api_addthis_com_oexchange_2jvI6CNyjsOW8y1qOUMovw" >Twitter | Facebook | LinkedIn

Merck is expanding its tent in China with another partnership, this time with Simcere Pharmaceutical Group. It's a drug follow-up to the company's vaccines partnership with Sinopharm, which began with a deal to sell Merck's human papillomavirus vaccine. That link-up was intended to spread to other shots and, possibly, prescription meds.

The Simcere joint venture, still subject to final conditions, will focus at first on branded drugs for cardiovascular and metabolic diseases, with each company contributing existing products for manufacturing and marketing. On the CV side, think Zocor and Cozaar from Merck, and Simcere's Shufutan (Crestor), which it markets under license. In the metabolic area, the partnership will start with the diabetes drug Januvia, aiming to "maximize access" in a country that's facing a growing problem with that disease.

The partnership will also work on the development side of things, but the details on that are sketchy at this point. "This partnership is another step forward in Merck's strategy to grow our business in China and is fully aligned with the Chinese government's goal to increase access to quality products," Adam Schechter, Merck's president of global human health, said in a statement.

China, of course, is one of the world's most promising markets for drugmakers. Pharmaceutical sales there are enjoying double-digit growth, and the market is expected to reach $73 billion by 2013. Merck is aiming to boost its sales in the country by more than 20% per year, but for that, it will have to contend with virtually every Big Pharma competitor. 

- get the release from Merck
- read the RTT News story

Related Articles:
Merck aims for growth in China with Sinopharm
Merck CFO: Don't overestimate emerging market gains
Chinese pharma's a challenge on all sides

Read more about: Merck, Pharma deals, Simcere Pharmaceutical, cardiovascular market
back to top


An Expert Briefing: Biotechnology 101- An Industry Overview for the Non-Scientist - Tuesday, July 26th, 1 pm ET / 10 am PT

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Topics include: DNA, Proteins, Recombinant DNA, Small and Large Molecule Drugs, and more Register today.


2. J&J board blames woes on middle managers

By Tracy Staton Comment | Forward | < a href="http://links.mkt1985.com/ctt?kn=27&ms=MzU1ODYyMwS2&r=MjM2NzI3MjAzMjcS1&b=0&j=MTEyMDc4MDQ1S0&mt=1&rt=0" name="api_addthis_com_oexchange_edN9MSDzwSdsxCKKjM9nw" >Twitter | Facebook | LinkedIn

Johnson & Johnson's quality control problems were caused by mismanagement at McNeil Consumer Healthcare, a board committee investigation found. The report places the blame for a rash of recalls--not only the massive withdrawals of McNeil products, but also substandard prescription drugs, devices and contact lenses--squarely on lower-level execs, letting senior executives off the hook, Bloomberg reports.

McNeil quality-control staff and production folks didn't play well together, and the division suffered from "an emphasis on production volume" rather than on compliance, the panel's report states. J&J's consumer division leadership should have watched McNeil more closely, especially as it worked to integrate Pfizer's consumer health division, the committee said. "[S]ome McNeil employees may have lost focus and commitment to maintain quality standards," Bloomberg quotes.

True, integrating the Pfizer operation was a big job, with thousands of new products to handle. New manufacturing lines were put in at Fort Washington, PA, and Las Piedras, Puerto Rico--both factories that would end up on the FDA's hit list for quality lapses. And McNeil's management suite had a revolving door at the time, the report notes, so company leaders didn't know what was happening at the plant level.

The board committee praised J&J execs for acting quickly once they discovered the manufacturing issues. It also denied any red flags or "systemic failure" overlooked by top management--two allegations raised by shareholder lawsuits attempting to hold executives and board members accountable.

But the report also fingers restructuring at J&J for making the problem worse: Quality and compliance staff were cut by 35%, and the corporate types lost the authority to show up unexpectedly to audit subsidiaries' operations. Plus, a "virtual hiring freeze" hampered McNeil's ability to hire quality-review staff. Someone in J&J's senior management obviously signed off on those decisions. And while top management may not have known the depth of McNeil's problems, one might argue that they should have known. Absolving J&J's leadership of responsibility for the widespread problems may help dispose of shareholder claims, but it won't force them to do the tough soul-searching required to make a company better.

- read the Bloomberg coverage
- get more from Pharmalot

Related Articles:
J&J boosts sales, profits, but analysts wary
Musty smell touches off yet another J&J recall
Finding the source of J&J's river of woe
J&J splits off troubled consumer-drug unit

Read more about: Johnson & Johnson, quality, McNeil
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3. FDA joins Multaq review, reveals prelim data

By Tracy Staton Comment | Forward | < a href="http://links.mkt1985.com/ctt?kn=87&ms=MzU1ODYyMwS2&r=MjM2NzI3MjAzMjcS1&b=0&j=MTEyMDc4MDQ1S0&mt=1&rt=0" name="api_addthis_com_oexchange_UdVqkL6Mp0QmDATnsphNA" >Twitter | Facebook | LinkedIn

FDA has joined the Multaq review effort. The agency said that it is analyzing data from the recently halted trial of Multaq in patients with permanent atrial fibrillation. Sanofi stopped that 3,000-patient study two weeks ago when "a significant increase in cardiovascular events" cropped up in a data analysis.

The FDA, however, revealed some actual, preliminary numbers from that study, known as PALLAS. According to the agency, 16 patients in the Multaq arm died, compared with 7 in the placebo group. The number of patients who died from cardiovascular causes, or had a heart attack, stroke or embolism, was 32 in the Multaq group, versus 14 with placebo. Thirty-four Multaq patients were hospitalized with heart failure, compared with 15 placebo patients.

European regulators are already reviewing the drug; they say they'll release their results in September. In announcing its review, FDA said that a critical question is whether the "unfavorable results of the PALLAS study" apply not only to patients with permanent atrial fibrillation, but also to patients with temporary versions of fibrillation. Multaq is FDA-approved for use in patients with paroxysmal atrial fibrillation and atrial flutter.

Sanofi says "the benefit-risk profile remains positive" for the approved use, the New York Times reports, but advised doctors never to prescribe it for permanent atrial fibrillation. As for FDA's advisory experts, one who voted for Multaq's approval called the PALLAS data "concerning," while Public Citizen's Sidney Wolfe, who voted against, said the drug was "really too dangerous," the Times reports.

- check out the FDA statement
- read the news from Reuters
- get the NYT piece
- see the MedPage story

Related Articles:
EMA broadens safety review on Sanofi's Multaq
Sanofi expects EMA to require Multaq alert
Sanofi's Multaq takes hit from trial failure

Read more about: FDA, Sanofi-Aventis, Multaq
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4. EMA wants Actos warning, rules on Chantix

By Tracy Staton Comment | Forward | Twitter | Facebook | LinkedIn

Regulators on both sides of the Atlantic issued a slew of decrees about drug safety, weighing in on everything from flu vaccine to bone drugs to Pfizer's smoking cessation med Chantix. The biggest decision came from the Europeans, which decided to leave the Takeda diabetes drug Actos on the market, but added strong warnings about possible links to bladder cancer.

France and Germany have both halted sales of Actos, which belongs to the same class of diabetes remedies as the GlaxoSmithKline drug Avandia. While the European Medicines Agency decided to withdraw Avandia on its cardiovascular risks, it won't restrict use of Actos, which has been tagged with increasing the risk of bladder cancer. The risk could be minimized by proper patient selection, the EMA said. FDA recently added new cautionary language to the drug's label about the possible cancer link.

FDA, for its part, reported on an ongoing review of bone drugs known as bisphosphonates; the agency has been looking at some conflicting studies of the drugs' potential links to esophageal cancer. For now, the agency said, the benefits appear to outweigh the risks, but an FDA advisory panel will be discussing their safety at a meeting in September. The class includes such popular meds as Merck's Fosamax and Roche's Boniva.

Meanwhile, an EMA committee said it had determined that Chantix's benefits outweigh its risks. New questions about the drug were raised by a meta-analysis that found an increase in cardiovascular problems, such as heart attack and stroke, in patients using the drug. The EMA's Committee for Medicinal Products for Human Use found some weaknesses in that analysis, including the exclusion of studies in which no patient experienced a cardiovascular event, Pharmalot reports.

Finally, the EMA wants GlaxoSmithKline to update its label on the pandemic flu shot Pandemrix, after finding a link between its use in young people and the rare sleeping disorder narcolepsy. The agency said the CHMP has recommended that people under 20 should avoid Pandemrix unless they have no access to seasonal flu vaccines and they're at high risk of complications from H1N1.

- read the Reuters news
- see the Bloomberg piece
- get more from Pharmalot
- check out the Dow Jones story

Related Articles:
Docs revisit strategies for bone-drug use
French officials force Takeda to pull Actos off market
Study: Pfizer's Chantix raises heart risks 72%
EMA puts off Actos ruling until July
WHO broadens probe of narcolepsy-flu vax link

Read more about: GlaxoSmithKline, Pfizer, Actos, Chantix
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5. Lilly eyes vet assets; Pfizer says all or nothing

By Tracy Staton Comment | Forward | Twitter | Facebook | LinkedIn

Might Eli Lilly ($LLY) emerge as a buyer for Pfizer's animal health business? CFO Derica Rice told Lilly investors that the company is keeping an eye on Pfizer's plans for the unit, which may be sold or spun off. If Lilly likes any of the available assets, it would pursue them, Rice said.

When asked about that pledge, Pfizer said that it doesn't envision selling off the animal health business in pieces. The whole unit would be sold or spun off, spokeswoman Joan Campion told Bloomberg. "While we are evaluating a variety of options including a sale, spin-off or other transaction, we believe we will favor one overall option rather than dividing assets and business operations," Campion told the news service.

Pfizer has tagged its animal health and nutrition units for disposal, so it can return cash to shareholders and focus on pharma development. The units could bring in more than $20 billion; the animal health unit alone had 2010 sales of $3.48 billion, Bloomberg notes. A deal of that size could be beyond Lilly's ken; CEO John Lechleiter has repeatedly said he's not in the market for a big buyout.

Pfizer will be weighing its options for the animal health unit for at least a year, Campion said.

- read the Bloomberg story

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Note to Pfizer: Bayer shopping for vet buys
With Sanofi-Merck deal off, look for animal health M&A

Read more about: Pfizer Animal Health, Animal health, Pfizer, Eli Lilly
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