article thumbnail

STAT+: Pharmalittle: We’re reading about a weight loss pill, the FDA warning a compounder, and more

STAT

pharmaceutical company AstraZeneca has become the largest multinational drugmaker in China, drawing 13% of its $5.8 The acquisition, announced in February, underscores Novo Nordisk’s push to boost output of its popular obesity drug Wegovy.

article thumbnail

Opinion: How to stop the shift of drug discovery from the U.S. to China

STAT

pharmaceutical companies didn’t license any new drugs from China. By 2024, one-third of their new compounds were coming from Chinese biotechnology firms. Five years ago, U.S. Why are U.S. drugmakers sending their business to China?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

STAT+: ‘Learning each other’s language’: FDA, patent office seek to work together to lower drug prices

STAT

But like any pharmaceutical company with an eye toward the future, Celgene continued to seek other ways to wring profits from its development work. Not long after the patent was awarded, the company leveraged federally funded research and began investigating different forms of the compound, called Revlimid.

article thumbnail

STAT+: Pharmalittle: We’re reading about the FDA listing Novo drugs as ‘available,’ pharma layoffs, and more

STAT

Food and Drug Administration drug shortage list as of Wednesday , raising the possibility that the medications could soon be taken off the list entirely, a development that could affect compounding pharmacies and patients relying on compounded drugs, STAT reports. Continue to STAT+ to read the full story…

article thumbnail

Pharmacognosy and Drug Patents: Unveiling Nature’s Medicinal Treasures

Drug Patent Watch

Scientists in this field analyze the chemical compounds in plants, animals, and microorganisms to discover potential new drugs. “Pharmacognosy is the bridge between traditional medicine and modern pharmaceutical science, offering a treasure trove of potential new drugs waiting to be discovered.”

article thumbnail

Heart failure market to grow at 9.6 per cent CAGR in 7MM during 2022-32

Express Pharma

per cent compound annual growth rate (CAGR) from $13.5 Kajal Jaddoo, Senior Pharma Analyst at GlobalData, comments, The pressure for pharmaceutical companies to be more innovative with their therapies and tackle unmet needs is increasing. billion in 2022 to $33.7

article thumbnail

The Benefits of Integrated CDMO Services: Streamlining Drug Development and Manufacturing

Drug Patent Watch

The Rise of Integrated CDMOs The global biotechnology and pharmaceutical services outsourcing market size was valued at $70.48 billion in 2022 and is expected to grow at a compound annual growth rate of 5.3% from 2023 to 2030.