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Antibiotic Revenues and Antibacterial Drug Discovery Research Are Declining
The loss of patent protection and a decline in revenues for a number of blockbuster brand name antibiotics has caused many big pharmaceutical companies to exit the antibacterial drug discovery market....
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In Case You Haven't Been Paying Attention: The Indian and Chinese Life...
Over the past week or so there have been daily snippets on various media platforms about business deals and opportunities in the Indian and Chinese life sciences market. While it is not news that many...
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Despite Near-Record Recalls, the Price of Prescription Drugs Continues to Rise
Ed Silverman, the intrepid author of the Pharmalot Blog, reported today that the average price of prescription drugs through last month rose 7.2 per cent; which tops the annual price rate increases...
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Abbott Slashes 700 Jobs From Its Medical Devices and Diagnostics Unit
Chicago-based Abbott Laboratories today announced that it would lay off 700 employees from its medical devices and diagnostics division as part of an ongoing restructuring effort. Most of the layoffs...
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Monthly Pharma Layoff Report
Thing have been quiet in the pharma layoff space during 2012. I guess that is not so surprising since we are only one month into 2012. However, there was a post on yesterday’s Pharmalot blog which...
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AstraZeneca Sheds 7,300 Jobs
After announcing its quarterly earnings and a 24 percent increase in 2011 profits, AstraZeneca (AZ) today made public its decision to eliminate another 7,300 jobs. Earlier this week there was...
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New Pharma Magazine to Launch NewPharmaThinkers.com Website
New Pharma Magazine, announced today that it will launch a new website on June 13 called newpharmathinkers.com. According to a press release” “NewPharmaThinkers.com is the new community for big...
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AbbVie to Fire Hundreds of Sales Reps
AbbVie, the prescription drug spinoff of Abbott Laboratories revealed that it will be laying off several hundred cardiovascular sales reps. The fired workers will be a mix of full time sales personnel...
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Even Generics Companies Are Not Immune: Teva to Slash 5,000 Jobs!
Despite the fact that over 80% of the drugs sold in the US are now generic, Teva, the world’s largest generic drug manufacture (based in Israel) announced yesterday that it will eliminate 5,000 jobs...
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The US Trans-Pacific Partnership and Prescription Drug Prices
I am conflicted about the Trans-Pacific Partnership (TPP). On the one hand, I believe it is the right thing for American economy. On the other, it is probably not in the best interests of working...
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