Tag Archives: Big Pharma

Is There Life After Big Pharma?

By Julian Upton | Published: March 11, 2010
Guest blog by Pharm Exec Europe’s Jacky Law. It’s hard to get precise figures of how many people have been taken off the payroll at pharma and biotech companies recently. According to staffing firm, Challender, Gray and Christmas, the combined industries shed 58,969 jobs in the first nine months of 2009, 15,000 more than the whole [...]
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Pharma and Haiti: Can Altruism Backfire?

By Pharm Exec | Published: January 25, 2010
Guest blog by Pharm Exec Europe’s Jacky Law. Pharma companies are responding swiftly to the recent earthquake in Haiti with millions of dollars in cash and drugs. GlaxoSmithKline boasted, for example, that its initial $1.2 million offering of medicines — mainly oral and topical antibiotics — was on the first airlift to the Caribbean island and [...]
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The EU Pharma Switch

By Julian Upton | Published: December 2, 2009
The chair of the first session of the joint meeting between the European Medicines Agency (EMEA) and The Organization for Professionals in Regulatory Affairs (TOPRA) in London this week was quick to point out that the event was not scheduled to coincide with last Friday’s announcement that European Commission (EC) responsibility for EMEA is finally [...]
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Roche and Genentech Seal the Deal
for $46.8 Billion

By George Koroneos | Published: March 12, 2009
After months and months of back and forth over the true value of Genentech, Roche finally got the good news it’s been looking for: Genentech’s board of directors, this morning, approved Roche’s latest offer of $46.8 billion ($95 per share) to acquire all shares of the biotech giant. Roche plans to keep the Genentech site in [...]
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Schering-Plough to Merge with Merck for $41.1 Billion

By George Koroneos | Published: March 9, 2009
Merck’s Richard T. Clark Image via Wikipedia Merck announced, a little over an hour ago, that it had signed an agreement with Schering-Plough’s board of directors to merge the two companies under the Merck name. The stock and cash transaction is worth over $41 billion with Schering shareholders receiving $10.50 per share in cash and 0.5767 of a [...]
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