Five things for pharma marketers to know: Wednesday, June 3
An FDA panel is set to review Eli Lilly's experimental lung-cancer drug, necitumumab, in combination with two chemotherapy agents on July 9. Lilly is seeking an indication in non-small cell lung cancer, the most common form of the disease. If approved, it would mark Lilly's third lung-cancer treatment, according to Reuters.
AstraZeneca CEO Pascal Soriot said the company would consider acquiring a drug developer specializing in cancer immunotherapies. Soriot answered that AstraZeneca “certainly would consider it” when asked if the company would buy a company like Juno Therapeutics—a company it is currently collaborating with. Juno is now developing a highly touted CAR-T cancer treatment, according to Bloomberg Business.
Pharmacy benefit manager Express Scripts was so desperate to find ways to pay for Gilead Sciences' $84,000-per-treatment pill Sovaldi that it considered docking a boat off the coast of Miami and selling discount versions of the drug, according to Bloomberg Business. The PBM stopped covering Sovaldi this year due to its cost.
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Teva is reportedly positioning itself to take over Mylan, Reuters reported. The drugmaker is looking to buy more equity in Mylan in preparation for a possible legal challenge to its spurned takeover bid, unnamed sources told the news service. Mylan's executive chairman recently told investors he would consider a merger with Teva if it was the buyer.
Speaking of hostile takeovers, Perrigo agreed to buy a portfolio of OTC drugs from GlaxoSmithKline in a move that could help it fend off Mylan's unwanted advances. Perrigo purchased cold and flu medicines, nicotine patches and cold-sore treatments sold mainly in European markets for an undisclosed sum, according to Investor's Business Daily.