September 30, 2008 6:02 PM
- Text
Pharma Roundup: Pfizer and Glaxo Confirm Layoffs, Disclosure Mandated for Cephalon, and More
(MoneyWatch) Pfizer and Glaxo confirm layoffs -- The rumored cuts at Pfizer, though still unspecified in number, have been confirmed by the company. Pfizer is suspending R&D in several areas, most notably heart disease, its big profit-maker for decades. Meanwhile, GSK is cutting 850 R&D jobs (six percent of its workforce). [Source: In the Pipeline, PharmaGossip]
Cephalon ordered to disclose doctor payments -- Forced transparency is the cherry on top of Cephalon's big federal punishment sundae for off-label marketing, as the Department of Health and Human Services orders the drug company to prominently display a list of the doctors it employs as speakers or consultants. Cephalon is the first drug-maker to receive such a federal mandate, though the news comes in the wake of voluntary promises from Lilly and Merck, among others. [Source: WSJ Health Blog]
Prasugrel delays not dire for Lilly -- Over at In Vivo, Kate Rawson speculates that the delays plaguing the approval process for Lilly's prasugrel aren't as bad as everyone thinks (Lilly's stock dropped when the news was announced). Rawson points out that most recent drugs which have faced delays at this point in the process have eventually moved forward, and that the FDA probably needs extra time for the drug's complicated application. [Source: In Vivo]
Docs dislike pharma sales reps -- Or at least want to see less of them. According to a survey commissioned by Publicis Selling Solutions Group, 90 percent of doctors want to "see fewer reps in their practices." They also want better-educated reps who can sell with science. [Source: Medical Marketing & Media]
Cephalon ordered to disclose doctor payments -- Forced transparency is the cherry on top of Cephalon's big federal punishment sundae for off-label marketing, as the Department of Health and Human Services orders the drug company to prominently display a list of the doctors it employs as speakers or consultants. Cephalon is the first drug-maker to receive such a federal mandate, though the news comes in the wake of voluntary promises from Lilly and Merck, among others. [Source: WSJ Health Blog]
Prasugrel delays not dire for Lilly -- Over at In Vivo, Kate Rawson speculates that the delays plaguing the approval process for Lilly's prasugrel aren't as bad as everyone thinks (Lilly's stock dropped when the news was announced). Rawson points out that most recent drugs which have faced delays at this point in the process have eventually moved forward, and that the FDA probably needs extra time for the drug's complicated application. [Source: In Vivo]
Docs dislike pharma sales reps -- Or at least want to see less of them. According to a survey commissioned by Publicis Selling Solutions Group, 90 percent of doctors want to "see fewer reps in their practices." They also want better-educated reps who can sell with science. [Source: Medical Marketing & Media]
Latest Now in MoneyWatch
- EU: Greece must cut deeper to get bailout
- Big banks, gov't officials strike $25B deal
- LinkedIn swings back to profit
- LinkedIn doubles revenue, beats growth estimates
- Kodak to stop making digital cameras, frames
- Market cap, schmarket cap, Apple still gets no respect
- Philip Morris Int'l income up nearly 8 percent
- Survey: Small biz plans big hires in 2012
- Freddie Mac: Mortgages inch higher but stay low
- Will the European debt crisis sink Obama's re-election?
- Banks in $25B deal to settle foreclosure abuses
- Joe Coffee: Scaling up without selling your soul
- Greek agreement accomplishes nothing
- 401K plans: New rules make costs clearer
- Are women leaders selling themselves short?
- Ask the Experts: New 401(k) rules
- Mortgage lenders strike a deal
Latest CBS News Headlines
on Facebook
on CBS News
- GM gets environmental OK for new China plant
- German Parliament likely to vote on Greece Feb. 27
- France's Total gets oil price profit boost
- EU: Greece must cut deeper to get bailout
on Facebook
- Tenn. father charged with murdering couple who"unfriended" daughter on Facebook
- Adele opens up about vocal cord surgery
- Mo. teen gets life in prison for murder of 9-year-old girl
on CBS News






