But it may have done some things to help doctors pay for what is essentially an expensive biotech drug.
Farming is not like medicine, with a biotech drug that cures in Peoria having the same effect in Paris.
The psoriasis market is enticing to drugmakers, and most big biotech drug companies are testing medicines that treat the disease.
"This probably has the broadest potential of any biotech drug, " Fritzky says.
's fast-growing biotech drug, a treatment for patients with dangerously weak hearts, may increase the risk of death by 80%, according to a study.
Wyeth also co-markets Amgen's Enbrel biotech drug for rheumatoid arthritis.
In fact, there is an argument that it is better to be short a promising biotech drug ahead of the FDA decision, given the way stocks tend to plummet when the FDA decision goes the wrong way.
These include cancer and immune-inflammatory biotech drug company Celgene ( CELG), pharmacy benefits manager and health information systems supplier SXC Health Solutions ( SXCI), economic, financial, and political researcher IHS Inc ( IHS), and shale oil and gas producer Continental Resources ( CLR).
For biotech drug maker Biogen Idec ( BIIB), the last couple years have been a bit unsettling, what with activist investor Carl Icahn dropping broad hints about a breakup or sale, ongoing problems with its most promising drug, and the arrival last summer of a new CEO with his own ideas about how the company should be run.
Between 1988 and 1997 San Diego clocked a 19% growth rate in biotech and drug patents awarded, the fastest growth among biotech hubs.
One idea is that the two companies wanted to avoid being takeover bait for a biotech or drug giant.
The financial industry will get an overhaul in any case, but telecom, biotech and drug makers, among many others, can expect to be investigated and face new, more onerous rules.
Worries that Byetta might harm the pancreas have dogged the drug's makers, biotech Amylin Pharmaceuticals and drug giant Eli Lilly, for more than two years.
Biotech fueled a drug revolution but now has a new role: industrial superhero.
"We want to bring more drugs, faster, " says Kenneth Kupfer , a technology manager for biotech at German drug giant Bayer .
Then they invariably overlook the strengths of also-ran firms, which field large sales forces and often buy or strike alliances with biotech and other drug outfits that lack marketing muscle but create potential breakthrough products.
The Food and Drug Administration has been emphatic about its preference for centralized cardiograph monitoring, and drug and biotech companies, in effect, are forced to utilize this technology to streamline new drug approvals.
One place where this may play out is in a likely battle for market share in kidney cancer between Sutent and Sorafenib, a drug developed by biotech Onyx (nasdaq: ONXX - news - people ) and drug giant Bayer (nyse: BAY - news - people ).
Typically a research institute must rely on a drug or biotech firm to produce experimental therapies for testing.
But drug and biotech companies have been slow to use genetic and biochemical information to create new drugs.
It is one of a new wave of ultratargeted treatments moving through human testing at drug and biotech companies.
Bapineuzumab is one of the most-watched experimental treatments among drug and biotech investors.
Some of the world's biggest drug and biotech firms are entering the once-neglected field, including Novartis, Biogen Idec and Merck.
And last month the Global Alliance for TB Drug Development, another fledgling nonprofit, licensed a promising TB drug from biotech firm Chiron.
To supplement the company's pipeline, Hassan might buy a biotech or specialty-drug company, or a Japanese firm to help gain traction in the big market opening up there.
Hungry entrepreneurialism has turned PPD into one of the largest and leanest providers of clinical trial services to the drug and biotech industries (Covance and private Quintiles are the biggest overall).
The number of joint ventures and other alliances between small biotech companies and large drug houses has grown from 58 in 1993 to 327 in 1996, says Mark Leschly, a venture capitalist with Princeton, N.
In 16 years as manager, Edward Owens has skillfully negotiated his way among the subsectors of drug, biotech and health care services like testing facilities, which move independently of--and often in opposition to--one another.
DeCode's Stefansson says he hopes the deal will help the company market its services to other drug and biotech companies in the future, by establishing DeCode's software as the standard method for analyzing gene data.
Hungry entrepreneurialism has turned PPD into one of the largest and leanest providers of clinical trial services to the drug and biotech industries ( Covance (nyse: CVD - news - people ) and private Quintiles are the biggest overall).
应用推荐