- Drug execs behind female libido pill have run afoul of FDA (apnews.myway.com)
small drugmaker…may succeed…in winning approval for the first drug to boost women's sexual desire…team that founded Sprout Pharmaceuticals is not new to the..business …previous company, Slate Pharmaceuticals, sold an implantable testosterone pellet.. ran afoul of federal rules,… FDA sent Slate an 11-page warning letter…"I can't remember seeing a warning letter with so many examples of misbranding in it," said Fugh-Berman, who … signed a petition urging the FDA to reject Addyi (flibanserin)
- Drug companies still supplying Greece after ‘No’ vote (ca.news.yahoo.com)
Pharmaceutical companies…continue to supply medicines to Greece for now, despite increased financial uncertainty after Greeks rejected the terms of a rescue package from creditors in a referendum…Drugmakers are owned more than 1.1 billion euros ($1.2 billion) by Greek hospitals and the state-run health insurer, after not being paid since December, but have promised to keep supplying the country on humanitarian grounds.
- A drug company with a conscience? GlaxoSmithKline trying to save 1 million children’s lives (news.com.au)
Dr Bonadonna,…heads a partnership between GSK and Save the Children which aims to save the lives of one million children…Instead of simply donating money, the drug company is donating the expertise of its employees to create cheap and simple solutions to deadly third world problems…"It’s a philosophy that goes beyond volunteering and fundraising, it uses the skills of the company and its employees,"....
- China gets tougher for Western drugmakers (newsdaily.com)
Chinese market is getting tougher for Western pharmaceutical companies ...a rising healthcare bill and prices come under pressure….second largest market for prescription medicines… has drawn major investment from global drugmakers…— but growth rates are now slowing markedly…With the exception of AstraZeneca, none of the big pharma companies reporting second-quarter results have managed to achieve double-digit percentage...growth…