by emma
9. November 2011 13:48
Revenue was up 10% in Q3 at Lundbeck to DKK 4.9 billion but profit from operations fell nearly a quarter (22%) after restructuring its R&D department.
Growth was driven by an increase in revenue from a number of its key products and milestone payments following the launch of escitalopram in Japan.
Ulf Wiinberg, Lundbeck’s President and CEO, says the company is “very pleased with yet another strong quarter” after its branded products delivered “solid results”.
Sales of Sabril increased by nearly half (47%) to DKK 77 million, compared to the third quarter in 2010, with revenue also up for Xenazine in the US by a fifth, compared with the same period, to DKK 191 million.
Lundbeck’s key products, Cipralex, Ebixa and Azilect, which grew 5%, 18% and 20% respectively, compared to the period last year, helped boost revenue from International Markets up 20% to DKK 901 million.
“We are now entering a new era with many new product launches,” said Ulf Wiinberg. “With the launch of Lexapro in Japan, the continued roll out of Sycrest and the forthcoming launch of OnfiTM in the US, we have expanded on our product diversification and strengthened our long term growth prospects substantially.”
a8773ccf-26d0-446e-9e64-aab684c5e4fa|0|.0
Tags: Lundbeck, revenue, DKK, profit, restructuring, R&D, r and d, research and development, growth, increase, products, payments, launch, escitalopram, Japan, Ulf Wiinberg, President, CEO, company, strong quarter, branded, brand, solid results, sales, Sabril, Xenazine, US, USA, Cipralex, Ebixa, Azilect, markets, international markets, product launches, Lexapro, Sycrest, Onfi
News
by emma
3. November 2011 14:27
Sales increased more than 10% at Sanofi in the third quarter to €8.7 billion, despite the loss of €471 million due to generic competition compared to the same period a year ago.
Total sales grew 10.1% along with an 11% increase in growth platforms after strong performances in its diabetes, vaccines and consumer health divisions.
Christopher A. Viehbacher, Sanofi CEO, says the return to growth in sales and earnings is an “important milestone as the company progressively puts the patent cliff behind it”.
Growth platforms and Genzyme accounted for 68.5% of total sales after the recently acquired business recorded sales up 6.9% to €768 million.
Pharmaceutical net sales were up a tenth to €6.9 billion and helped year-to-date net sales rise 5.5% to €20 billion, despite generic competition to Lovenox, Ambien CR and Taxotere in the US and Plavix (pictured) and Taxotere in the EU plus the impact of US healthcare reform and EU austerity measures.
Its diabetes division was driven by a strong US and Emerging Markets performance which resulted in a 12.4% increase in sales after Lantus recorded growth of 14.6% and 23.4%, in respective markets. Growth in Sanofi’s vaccine division also increased 16.7% after a solid demand for seasonal flu medication in the US.
The Sanofi Group now expects 2011 business net income to be between 2%-5% lower than last year’s total. “We continue to make strong progress in R&D with the submission of five new products and also in the tight control of our costs,” said Mr Viehbacher.
It was reported this week that Sanofi is set to overtake Pfizer as the world’s biggest pharmaceutical company by 2016.
Submissions have been recently filed for Lyxumia (lixisenatide) in the EU, Aubagio (teriflunomide) and Zaltrap (aflibercept) in the US; Visamerin/Mulsevo (semuloparin) in the US and EU; plus Kynamro (mipomersen) in the EU.
The company released its Q3 performance on the day it announced it was cutting jobs in its US R&D and sales divisions.
62421bb1-9cb5-4894-be7e-c2734b8606cb|0|.0
Tags: sales, Sanofi, increase, third quarter, generic competition, total sales, growth, stronge, performance, diabetes, vaccines, consumer health, Christopher Viehbacher, CEO, growth in sales, sales growth, patent, growth platforms, Genzyme, acquired, acquisition, business, pharma, pharmaceuticals, drugs, medicine, medication, treatment, therapy, pharmaceutical nets sales, net sales, Lovenox, Ambien CR, Taxotere, US, USA, Plavix, EU, Europe, US healthcare reform, healthcare, Emerging Markets, increase in sales, Lantus, markets, flu medication, seasonal flu, net income, R&D, r and d, research and development, new products, Lyxumia, Lixisenatide, Aubagio, teriflunomide, Zaltrap, aflibercept, Visamerin, Mulsevo, semuloparin, Kynamro, mipomersen, company
News
by emma
7. October 2011 13:26
The FDA has approved Eli Lilly’s Cialis (tadalafil) to treat men with signs and symptoms of Benign Prostatic Hyperplasia (BPH) and Erectile Dysfunction (ED).
The drug works by inhibiting the phosphodiesterase type 5 enzyme (PDE5), helping to produce vascular relaxation and increase blood flow to the penis. These enzymes are also found in the prostate and bladder, where problems can occur with BPH.
Claus Roehrborn, Chairman of the Department of Urology at The University of Texas Southwestern Medical Centre, said: “Since many men who have ED also experience the signs and symptoms of BPH, a single medication approved to treat both may be a significant therapeutic option for men and physicians.”
The approval totals three indications: both ED and signs and symptoms of BPH separately, as well as for men who have both conditions.
Dave Ricks, Lilly USA President, said: “These additional indications for Cialis reinforce our commitment to providing medical innovation in the area of men's health.”
“We're encouraged that Cialis provides a new treatment option for men affected by both ED and the signs and symptoms of BPH,” commented Mr Ricks.
The FDA clearance was based on clinical research gathered from three placebo-controlled efficacy and safety studies involved 1,989 men.
BPH is a condition where the prostate enlarges, which can cause urinary problems. Approximately 50% of men between 40-70 years old suffer from erectile dysfunction. Several studies have shown that many men with ED also experience the symptoms of BPH.
e60ef084-cdbb-4809-a4a0-f30b7afc9aa6|0|.0
Tags: Lilly, Eli Lilly, Cialis, tadalafil, treatment, therapy, medicine, medication, prescription, FDA, USA, drugs, pharma, pharmaceuticals, men, benign prostatic hyperplasia, BPH, Erectile dysfunction, ED, phosphodiesterase, type 5, enzyme, PDE5, vascular relaxation, blood flow, increase, penis, function, aroused, arousal, prostate, bladder, Claus Roehrborn, chairman, department, urology, Texas, US, Southwestern Medical centre, health, healthc, medical, sales, commercial, marketing, Dave Ricks, therapeutics, doctors, physicians, President, medical innovation, men's health, signs, symptoms, option, treatment option, clearance, approval, approve, clinical research, clinical trials, placebo, efficacy, safety, condition, urinary problems
News
by emma
1. August 2011 16:35
The Government has denied claims that deprived areas of England will lose out to affluent locations under NHS reforms.
The accusations come from Labour, highlighting figures suggesting that funding changes to primary care trusts will result in Manchester suffering cuts of £42million and Liverpool losing £33million.
This was contrasted with Surrey, who will receive an extra £61million, and Hampshire set to receive an increase of £52million.
Health Secretary Andrew Lansley rejected these claims, stating “We’re not taking money away from any parts of England, we’re increasing the budget for the health service in England.
“The average increase in each PCT is 3% compared to the provision the previous year. The minimum increase is 2.5%.”
Shadow Health Secretary John Healey said that the figures reveal that the Tories’ NHS plans will make inequality worse, not better: “The plans will hit services that help people stop smoking, promote healthy eating and exercise and raise awareness about the risks of sexually transmitted diseases.”
The Government stated that the funding changes were based on independent advice and that Labour's figures are misleading.
The DH said that a greater emphasis on the prevention of illness would assist those living in poorer parts of England in the future.
b1babda0-2fd6-401a-965d-3cc566dbb01f|0|.0
Tags: Government, NHS, budget, bias, inequality, location, area, England, deprived areas, affluent, NHS reforms, Labour, funding, primary care, Manchester, Liverpool, Surrey, Hampshire, Health Secretary, Andrew Lansley, health service, PCT, increase, reduction, provision, John Healey, smoking, healthy eating, exercise, sexually transmitted diseases, funding changes
News