Company news: Savient, ArcMesa Educators and Physicians' Education Resource

Share this article:
Biotech firm Savient said first-quarter revenue fell slightly short of expectations ($1.3 million, vs. consensus $2.1 million), due to lower-than-anticipated sales of its gout drug Krystexxa. Sales of the drug, which launched in March, came in at just $300,000, well short of the $1.5 million analysts were predicting. Commenting on a call with analysts, Savient execs cited physician reimbursement concerns and lack of preparedness for the launch, given the firm's prior aspiration to be sold. The fourth quarter should bring accelerated uptake, they said, as Krystexxa is added to more formularies and payer coding is ironed out. Savient also said it submitted the drug for EU approval, which is possible by mid-2012.

Michael J. Hennessy & Associates, through its medical education company, ArcMesa Educators, has acquired Physicians' Education Resource, a CME company that produced oncology and hematology meetings and conferences.
Share this article:
You must be a registered member of MMM to post a comment.
close

Next Article in Business Briefs

Email Newsletters

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

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.

Study says statins not enough for diabetic hearts

Researchers using an experimental test have discovered that the 50% of surveyed diabetics may also have undetected heart muscle damage.