Analyzing Brand-name and Generic Drug Costs in the U.S. and Eight Other Countries
A new Wharton study comparing average prices for pharmaceuticals in nine countries � the United States, Canada, Chile, France, Germany, Italy, Japan, Mexico and the United Kingdom � shows that average prices are highest in Japan, while prices in other countries are between 6% and 33% lower than prices in the U.S. Canada�s prices are the lowest.
Gene Tests? Not So Fast
The U.S. Food and Drug Administration Monday released draft guidelines regarding how genetic data could be used in new drug applications. Eventually, gene tests could predict exactly which patients might benefit from a particular drug. But this revolution will come slowly. The most telling words in the FDA’s guidance may be ‘draft–not for implementation.’
States flock to biotech like gamblers to lottery tickets
Florida lawmakers last month approved a $310 million biotech research center proposed by Gov. Jeb Bush just three months ago. New York launched a media campaign in September to woo more biotech investors. In the past two years, New Mexico, Kentucky and Arkansas started venture-capital funds to attract and nurture biotech start-ups.
Dozens of other states might be next. A recent Brookings Institution report notes that biotech ranked as the No. 1 or No. 2 target for 83% of 113 state and local economic agencies nationwide.
In Initial Finding, FDA Calls Cloned Animals Safe as Food
Milk and meat from cloned animals are safe to consume, the Food and Drug Administration has tentatively concluded, a finding that could eventually clear the way for such products to reach supermarket shelves and for cloning to be widely used to breed livestock.
Biotech Startups: Take Your Time
Until startups’ products are close to gaining approval, there’s no reason why smart investors would want to share the risks
Has the debate on GM crops been misleading?
More than a hundred scientists have written to Tony Blair, complaining about the handling of the public debate on genetically modified crops.
They say that they feel ‘undermined’ by the government’s failure to correct false claims.
Are Adult Stem Cells a Bust?
Opponents of research on embryonic stem cells have insisted that adult stem cells are a therapeutically superior and ethically more acceptable alternative. However, a new report in Nature finds that adult stem cells may not be the panacea that the bioconservative movement had hoped.
Is the US pharmaceuticals industry losing its way?
The EU generally looks to the US as its model for pharmaceuticals innovation. But US companies are showing signs of vulnerability due to competition from generics and a lack of new ‘blockbuster’ drugs.
U.S. drug companies curb supplies to Canadian exporters
As the political fight over drug imports into the United States intensifies, several top industry executives say that they have been effective in denying supplies to Canadian pharmacies that ship to America.
The next big thing is…
According to the most recent MoneyTree Survey, a report put together by PricewaterhouseCoopers, Thomson Venture Economics and the National Venture Capital Association, which tracks venture capital investments, biotech and medical equipment firms are really the next big thing …
Although overall VC funding in the third quarter dipped 8 percent from the second quarter, investments in so-called life science firms increased 14 percent.