The Medicines Company says that it has just taken longer to get things going than it thought.
The Medicines Company provides medical solutions to improve health outcomes for patients in acute and intensive care hospitals worldwide.
The Medicines Company said it was going to start new studies in 2009, but they are not listed on clinicaltrials.gov.
Shares in the Medicines Company were buoyed by a court decision related to the patents on its top-seller Angiomax, making it the best-performing biotechnology stock in August.
Among the largest underlying components of PJP, in trading today Prestige Brands Holdings Incorporated ( NYSE: PBH) is up about 0.6%, Bristol Myers Squibb Company ( NYSE: BMY) is off about 0.9%, and The Medicines Company ( NASD: MDCO) is higher by about 0.3%.
Statements contained in this press release about The Medicines Company that are not purely historical, and all other statements that are not purely historical, may be deemed to be forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995.
Bucking his company's history, Dolan expects in the future to get two-thirds of drug sales from medicines developed in the company's own laboratories.
There are no more big drugs going off-patent through the end of the decade, he wrote, and new medicines more than support the company's valuation.
"The limited period of marketing exclusivity made possible by patents ensures that the costs associated with the research and development of innovative medicines can be recovered, " the company said.
Three other medicines sold by the company treat diseases that occur in just a few thousand people.
Lane , president of Worldwide Medicines, will leave the company.
It's gone so mainstream that even huge health plans, like UnitedHealth Group, are encouraging their members to split pills--offering members free splitter devices. (Check out halftablet.com) The company says 21 common medicines--including Crestor, Lipitor, Lexapro and Zoloft, are ripe for splitting.
Right now there is a lot more dread about drugs that will lose patent protection than there is excitement about the company's experimental medicines, even though Pfizer is now testing 47 midstage compounds, more than at any other time in its history.
UnitedHealth Group ( UNH - news - people ), are encouraging their members to split pills--offering members free splitter devices. (Check out halftablet.com) The company says 21 common medicines--including Crestor, Lipitor, Lexapro and Zoloft, are ripe for splitting.
Following the results, the company filed approval applications with the FDA and the European Medicines Agency.
Baidu shares are coming under selling pressure for the second day in a row after China Central Television aired a report asserting that the China-based Internet search company continues to allow sellers of fake medicines to advertisers on the site.
The Visudyne dye, which is manufactured by drug company CIBA UK, was approved by the European Medicines Evaluation Agency four weeks ago after being tested in two 12-month clinical trials.
The Hong Kong company aims to strike gold by expanding the global appeal of traditional Chinese medicines and by using modern drug development methods to unearth new drugs within Chinese medicinal herbs.
One of these oral medicines, Sensipar, made by the global biopharmaceutical company Amgen, has been singled out in media reports, even though there are up to five other products affected that account for two thirds of the spending in this group of medicines.
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Pfizer has failed to disclose an apparent delay in the approval of a promising new antibiotic, a move that may signal a change in how much the company tells investors about the regulatory status of medicines as they are reviewed by the U.S. Food and Drug Administration.
Moreover, the company has had a string of regulatory disappointments with medicines like indiplon, a sleeping pill, and more recently an antipsychotic that it was developing with Akzo Nobel.
Moreover, the company has had a string of regulatory disappointments with medicines like indiplon, a sleeping pill, and more recently an antipsychotic that it was developing with Akzo Nobel (nasdaq: AKZOY - news - people ).
Still others work on company-funded clinical trials, the main way that medicines are studied for safety and efficacy.
"In September 2000, the company made a major strategic decision to focus its efforts on the medicines and pharmaceuticals business, " says Chief Financial Officer Frederick S. Schiff.
It would be one thing if a particular drug has been antiquated by new medicines that provide a better result, thereby mooting the reason for a drug company to continue manufacturing a drug that is no longer the state of the art.
In a sign of the increasing hunger among drug giants to get in on the potentially lucrative market for copycats of expensive biotechnology drug, Amgen, the largest standalone biotechnology company, and generic firm Watson Pharmaceuticals will collaborate on developing copycate medicines for cancer.
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The company is running human studies containing more than 90, 000 patients to prove these medicines prevent heart attacks strokes and deaths.
The inquiry is focused on whether drug companies (no company has been charged with wrongdoing) have colluded to block generic and new medicines from entering the market.
The new outfit, Transcelerate Biopharma, was created out of a regular meeting of drug company research chiefs and will focus on five areas where the clinical trials that are used to test medicines wastefully duplicate procedures like training physicians, running websites, or creating procedures to document the benefits and side effects of new medicines.
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