Tag Archives: Pharmaceutical industry

20Nov/25

Antibiotics: Falling Prices, Rising Costs, and Shortages in Europe

Findings from a European study highlights the critical economic challenges facing the production of essential off-patent antibiotics, particularly in the context of rising antimicrobial resistance (AMR). Viatris and Medicines for Europe sponsored the independent study, which revealed that between 2020 and 2024, the average price of top-selling off-patent antibiotics dropped by over 10%, while industrial costs such as energy, labour, and overall production surged significantly. This unsustainable dynamic has led to antibiotic shortages and market withdrawals, ultimately threatening patient access across Europe. The organisations urgently call for policy reform, including price indexation, minimum price policies, and procurement changes, to secure the economic viability and long-term availability of these vital medicines and combat the growing threat of AMR. Continue reading

18Aug/23

Heart Failure start-up, Acorai, embarks on the next vital stage towards regulatory approval

Today, Acorai, a start-up medical device manufacturer from Sweden, has announced the initiation of a global clinical trial with the enrollment of its first patient in London, UK. Acorai was designated as a breakthrough device by the US FDA in August 2023 and they aim to submit their heart monitor for regulatory approval to the FDA and CE-marking in 2024. Continue reading

13Mar/23

Pfizer Invests $43 Billion to Battle Cancer

Pfizer to acquire Seagen for $229 per Seagen share in cash, for a total enterprise value of approximately $43 billion
Proposed combination enhances Pfizer’s position as a leading company in Oncology
Seagen’s medicines, late-stage development programs and pioneering expertise in Antibody-Drug Conjugates (ADCs) strongly complement Pfizer’s Oncology portfolio
Seagen expected to contribute more than $10 billion in risk-adjusted revenues in 2030
Pfizer and Seagen to hold analyst and investor call at 8 a.m. EDT today

NEW YORK & BOTHELL, Wash.–(BUSINESS WIRE)–Pfizer Inc. (NYSE: PFE) and Seagen Inc. (Nasdaq: SGEN) today announced that they have entered into a definitive merger agreement under which Pfizer will acquire Seagen, a global biotechnology company that discovers, develops and commercializes transformative cancer medicines, for $229 in cash per Seagen share for a total enterprise value of $43 billion. The Boards of Directors of both companies have unanimously approved the transaction. Continue reading