After a recent failed FDA lab test, Sun Pharma has issued a recall for its generic for high blood pressure. The pills were made in its Halol manufacturing plant in Gujarat, India. The pills were distributed nationwide within the US.
Most Sought-After Biopharma Employers in 2023
BioSpace has revealed the top life sciences organizations that have been selected as Best Places to Work in 2023.
Items most important to responders include workplace flexibility (namely remote work options), work-home balance awareness, cultures of inclusion and progressive diversity, and equity and inclusion (DEI) policies.
Top 2022 biopharma Mergers and Acquisitions
FDA clears Wandercraft's exoskeleton for stroke patient rehab
Abbott partners with Blood Centers of America to boost blood donations
In an effort to improve the blood donation rates of people under the age of 30, Abbott has teamed with the Blood Centers of America to unveil a mixed-reality, VR-like experience for blood donation. The mixed reality setup allows participants to visit gardens full of trees and flowers while listening to soothing music during the blood donation experience.
Epinephrine Recall
Thea Pharma received FDA approval
Thea Pharma, the U.S. subsidiary of France’s Laboratoires Théa, has received FDA approval for a preservative-free version of latanoprost formulations used to lower elevated intraocular pressure in the eyes.
Many companies currently sell latanoprost eye drops in the US but the existing options contain preservatives such as benzalkonium chloride that studies have shown to be potentially damaging to the eye surface.
Roche’s Pharma CEO is leaving
Bill Anderson, Roche’s current pharma CEO and former Genentech CEO will be leaving Roche at the end of 2022. Anderson has been in his current role since 2019 and is leaving to “pursue other opportunities.”
Thomas Schinecker, who is slated to become Roche’s new CEO in March will take over as Pharma CEO until a replacement is found.
Pfizer to invest in one of its largest manufacturing plants
Pfizer has announced a projected $750 million upgrade to its manufacturing plant in Kalamazoo, MI. This plant was responsible for producing some of the earliest US COVID-19 vaccines. This comes just years after expanding the site with a $150 million investment in 2017. The project will focus on injectable medicines and is expected to create around 300 new jobs.
PA to invest in New Biotech Innovation Zone
2022's Life Sciences Fiercest Women
After receiving more than 400 nominations for this year’s Women in Life Sciences FiercePharma has put together this year’s list of 20 of the best. The women on their list are driven by a goal of developing medicines and technologies that could save millions of lives around the world—and redrawing the image of leadership in the process.
Positive Phase 3 results for Neurotech
Neurotech, a company dedicated to delivering biological therapeutics, has announced positive results from two Phase 3 studies of NT-501, a cell therapy implant to treat Type 2 macular telangiectasia. In Type 2 macular telangiectasia, the blood vessels dilate and leak, causing swelling of the macula.
FDA approval for Abiomed
Abiomed, a publicly-traded medical device technology company that develops and manufactures temporary external and implantable mechanical circulatory support devices, has received FDA approval for a new model of its minimally invasive cardiac pump targeting the right side of the heart. This new model allows for a new approach that will make it easier for patients to walk while implanted with the device.
New AI platform could save millions of dollars
Exela to recall 49 lots of metabolic acidosis injection
Two more companies reporting Adderall shortage
According to the University of Utah Pharmacy Services website, which tracks drug shortages in the US, Camber Pharmaceuticals and Sun Pharma are reporting Adderall supply problems. In addition to the recent problems, nine providers of the drug have been having difficulties meeting demand since 2019. To make the problem worse, Adderall is classified as a Schedule 2 controlled substance so companies have limits on how much they can manufacture.
Top 10 most productive biopharma companies
Fierce Pharma has put together a new top 10 most productive biopharma companies list. The last time they put together this list was in 2016. Two things to note since that list was put together are two of that year’s top 10 companies—Celgene and Allergan—are no longer independent firms and secondly, COVID-19 happened.
Why Business Owners Are Flocking to Philadelphia
If you own a business or are planning on starting one soon, you know that location is essential to your success. You want to find a community that’s supportive and a customer base that’s profitable. Many business owners have found both in Philadelphia, Pennsylvania. The former nation’s capital is the 6th-largest city in the country, with over 1.6 million residents enjoying everything eastern Pennsylvania has to offer.
How an MBA Can Help You Start a Successful Business
If you are considering starting your own business in the future, then you need to set yourself up for success, and a great way to do that is by seeking an MBA. An MBA program will help you to build structure and organizational skills and the program you major in can give you the tools you’ll need to help your company thrive. Here, The Bandish Group has some advice on why an MBA could be just what your business needs.
10 Clinical Trials to Watch
The first half of 2022 has brought noteworthy medical advances in breast and lung cancers, CRISPR gene editing, and new drugs were approved for genetic heart disease and diabetes. The second half of the year could bring positive results from clinical trials for Alzheimer’s disease, cancer, and vision loss.