Business briefs: Mayo Clinic, GSK, Lundbeck, Biogen Idec

Share this article:

According to a Mayo Clinic study—published in Mayo Clinic Proceedings—nearly 70% of Americans are taking at least one prescription drug, and more than half are taking two. Of the drugs surveyed, antidepressants and opioids were the most commonly used treatments among young- and middle-aged adults. Cardiovascular drugs were most common among older adults. Women received more prescriptions than men across several therapeutic categories, especially antidepressants. Nearly a quarter of women age 50-64 are on an antidepressant, the authors said.

British drug maker GlaxoSmithKline is investing $23.5 million into a new venture fund intended to assist companies developing drugs for rare diseases, Reuters reports. The fund, dubbed Kurma Biofund II, has raised €44 million ($58 million) to date. GSK is also co-developing a drug with Prosensa for the rare disease Duchenne muscular dystrophy.

Lundbeck announced a restructuring today it said could lead to a culling of 50-55 positions. The Danish drug maker is dividing its commercial operations into six regions: Europe, USA, Canada, Asia, Latin America, and Middle East & Global Distribution. Lundbeck said the goal for the restructuring is to “reduce complexity, increase organizational efficiency and free up resources to invest in Lundbeck's many new medicines and growth platform.”

Dow Jones reported that Biogen Idec's Tecfidera is on-track to hit $1billion in annual sales its first year on the market, despite shortages and supply woes. The multiple sclerosis treatment isn't out of the woods, though, as it still faces insurance hurdles for patient reimbursement. According to Clyde Markowitz, a neurologist and director of the University of Pennsylvania's MS Center, some insurers require proof that patients have found other treatment options ineffective before approving reimbursement for Tecifidera. Markowitz also pointed out overwhelming patient awareness on the new medication: “I'm just amazed at how patient-driven conversation is going—almost every single patient who comes into my office knows about it.”

Share this article:
You must be a registered member of MMM to post a comment.

Email Newsletters

MM&M Future Leaders


Register now

Early bird $1,950 before 31 October 2014

*Group discounts available on request 

MM&M EBOOK: PATIENT ACCESS

Patient access to pharmaceuticals is a tale of two worlds—affordability has improved for the majority, while the minority is hampered by cost, distribution and red tape. To provide marketers with a well-rounded perspective, MM&M presents this e-book chock full of key insights. Click here to access it.

More in Business Briefs

Novartis said to be stepping out of HCV

Novartis is said to have relinquished rights to an investigational hep. C treatment, signaling its exit from the therapeutic space, according to a former partner's announcement.

Monday Moves: September 15

Hires and promotions for manufacturers, regulatory and agencies

Kantar acquires Evidências, expands Brazilian presence

The company's acquisition signals the growing importance of understanding the Brazilian healthcare market and evidence-based healthcare management services.