But the company Essner inherits looks healthy in many ways, possessing a strong franchise in vaccines and a growing presence in biotechnology and conventional medicines.
This month, we have added seven new experimental drugs to our watch list of New Drugs to Watch, a sampling of the most interesting medicines in development at pharmaceutical and biotechnology companies.
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.