We can do the basic research either way: we want the market as that is what gets the new drugs, the new treatments, the new spiffiness, into the hands of people who use it to do interesting and useful things.
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But there is more to running a successful pharmaceutical company than just the number of products being approved by the FDA. What value do these new drugs generate?
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What investors want to see are some new drugs to replace Zyprexa and the others.
What correlated most with the number of new drugs approved was the total number of companies in the industry.
On July 1, the Food and Drug Administration will be convening a two-day panel about what kind of cardiovascular data it needs on new diabetes drugs.
New drugs have to prove themselves better than what's already out there in expensive clinical trials.
She said the Department of Health should publish details of the new system - and what would happen to the Cancer Drugs Fund - "as a priority".
What is clear is that the cost of creating maybe 100 new drugs dwarfs anything yet mentioned in America or anywhere else.
What a difference a few months--and a few new drugs--can make.
Now, however, Lilly is turning to what it knows best: It has an arsenal of new neurological drugs on the way, narrowing the company's focus and hopefully bringing some big sellers in the process.
With a study released this morning, Vertex Pharmaceuticals cemented a key advantage in what is expected to be a booming new market for hepatitis C drugs this morning, increasing its edge over Merck, its main competitor.
What is the harm in giving the FDA the power to exclude new drugs until they have proved effective?
That's what drives drug companies to spend massive amounts of money looking for new drugs: They need new blockbusters to replace drugs whose patents are running out.
What's more, pharmaceutical companies tend to prefer investing in new drugs to treat chronic illnesses like diabetes, because patients take them for a long time, making them much more lucrative than antibiotics.
The DEA is heading up a new strike force focusing on what Riley calls "choke points": where the drugs and money change hands between the cartel operatives and Chicago gangs.
It was supposed to evaluate new drugs and treatments, giving clear and authoritative advice to NHS Doctors about what they should and should not be prescribing to their patients.
The FDA will take new steps to track exactly what kinds of mistakes happen and will commission new studies to get a clear picture of which drugs are most involved in errors.
What are needed are clear rules about how to balance the need for cheap generic drugs against the need for new medicines.
And once personalised medicines do become routine, new challenges will emerge, including how the health service will manage their provision and how data on what drugs work for which people, the report adds.
Here's what is known: Prexige is a new drug in the same class as Celebrex and Vioxx, the blockbuster arthritis drugs developed by Pharmacia (nyse: PHA - news - people ) and Merck (nyse: MRK - news - people ).
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