Patent reform helps small firms
Kristin Jones’ Nov. 26 column, “Patent reform is mixed bag for life sciences,” offered views on the impact of the new patent law, the America Invents Act, on large and small life sciences companies in Indiana.
Kristin Jones’ Nov. 26 column, “Patent reform is mixed bag for life sciences,” offered views on the impact of the new patent law, the America Invents Act, on large and small life sciences companies in Indiana.
Takeda Pharmaceutical Co. and marketing co-partner Eli Lilly and Co. may face as many as 10,000 lawsuits in U.S. courts over allegations that their Actos diabetes drug causes bladder cancer.
Indianapolis-based Eli Lilly and Co. recently rejected CVS Caremark’s demands for big price discounts on its insulins, leading CVS to kick Lilly’s insulins off its list of recommended drugs.
Indianapolis-based Eli Lilly and Co. is one of several Western pharmaceutical firms that see China as a linchpin of growth in coming years, due to patent expirations and a slowdown in government reimbursements for prescription medicines in the U.S. and European markets.
Samy Meroueh, a professor of biochemistry and molecular biology at the Indiana University School of Medicine, will receive $720,000 over a four-year period from the American Cancer Society to fund his cancer research. Meroueh’s research focuses on uPAR, a cell surface receptor that exists only in cancer cells that metastasize, making it an excellent target for the development of drugs. Metastasis, or the spreading of cancer from one organ to another, is the main reason that more than 90 percent of patients succumb to cancer, according to Meroueh. With earlier funding from the National Institutes of Health, Meroueh’s lab in Indianapolis has identified small molecules that attach to uPAR on the surface of cancer cells in metastatic tumors. He is now concentrating his research on two experimental compounds to examine their ability to block metastasis of breast cancer in mice. Meroueh hopes to later link his compounds to existing chemotherapy agents to deliver them directly to cancer cells, while sparing healthy cells.
Eli Lilly and Co. has joined a race to launch a new class of drugs to lower heart disease risk. An experimental drug under development by Lilly doubled levels of good cholesterol in a Phase 2 clinical trial, according to Bloomberg News. Good cholesterol, or HDL, sweeps the bad form of the fatty substance, called LDL, out of arteries, helping to reduce clogs. Lilly’s drug, called evacetrapib, boosted HDL as much as 129 percent and lowered bad cholesterol as much as 36 percent, the Indianapolis-based drugmaker reported on Nov. 15. Two other companies—New Jersey-based Merck & Co. Inc. and Switzerland-based Roche Holdings AG, have already moved similar drugs to the third and final phase of human trials, according to Bloomberg. Both drugs are predicted to be blockbusters with more than $5 billion in annual sales if they are approved. All three rivals aim to avoid the toxicity seen with a previous good cholesterol drug from New York-based Pfizer Inc. that was abandoned in 2006 after it triggered deaths in a study.
The St. Vincent Heart Center of Indiana was named one of 50 cardiovascular hospitals in the country by market research firm Thomson Reuters. According to the firm, 97 percent of all heart inpatients at U.S. hospitals survive their procedures and 96 percent remain complication free. Still, the top 50 hospitals have even better results, including 23 percent fewer deaths for bypass surgery patients, a 40-percent lower rate of heart failure complications, fewer readmissions, shorter hospital stays and costs that were lower by $4,200 per patient. Thomson Reuters based its analysis on data from the 2009 and 2010 Medicare Provider Analysis and Review, which includes nearly all senior patients. The St. Vincent Heart Center was the only Indianapolis hospital named to the list this year.
Eli Lilly and Co.’s experimental drug doubled levels of good cholesterol in a study, setting up a race with Merck & Co. and Roche Holding AG to develop a new class of medicines to lower heart risk.
Eli Lilly and Co. divorced one diabetes darling in favor of a new flame last week, but no analysts cheered. And a few booed.
A study showing Johnson & Johnson and Bayer AG’s blood-thinner Xarelto succeeded where rival drugs failed could give the companies entry to a $1 billion-plus market where Eli Lilly already competes.
The Indianapolis-based pharmaceutical firm claims an Australian veterinary clinic is infringing on its Comfortis flea medication’s trademark by reselling it to U.S. consumers online.
Endocyte employs 12 people in Indianapolis and plans to add three or four more commercial executives there over the next year and a half as it anticipates approval of its ovarian cancer medication in Europe.
There is integrity and gratification in working hard and receiving my paycheck.
Indianapolis Mayor Greg Ballard won a second term Tuesday, pulling off a solid victory against Democratic challenger Melina Kennedy by claiming more than 51 percent of the vote.
Amylin Pharmaceuticals Inc. and Eli Lilly and Co. have agreed to end a decade-long diabetes partnership to resolve litigation. Amylin will make an upfront payment of $250 million to Lilly and future revenue-sharing payments of $1.2 billion plus interest.
Eli Lilly and Co. and Bristol-Myers Squibb Co. won U.S. approval to expand marketing of the cancer drug Erbitux for late-stage head and neck tumors.
The new head of the Indiana Economic Development Corp. says the agency is turning its focus to smaller companies and getting them to relocate to the state so they can build their roots.
It’s the first verdict in a Zyprexa case since litigation over the antipsychotic drug, the drugmaker’s top seller, began more than eight years ago.
Witham Health Services is constructing a clinic in Lebanon to house a satellite branch of the Indiana University Eugene and Marilyn Glick Eye Institute. The 4,000-square-foot facility, to open in January, will offer a range of vision care, including eye exams, fittings for new glasses and contacts, as well as cataract surgeries. The clinic primarily will be staffed by Dr. Daniel Spitzberg and Dr. Melanie Pickett, both professors at the IU School of Medicine’s department of ophthalmology. They initially will see patients several days a week, but hope to gradually increase to offer daily service. “We believe that receiving treatment close to home has a significant impact on the overall health of a patient—and this will help bolster that,” said Ray Ingham, CEO of Witham Health Services.
The British Supreme Court ruled in favor of Maryland-based Human Genome Sciences Inc. in its dispute with Indianapolis-based Eli Lilly and Co. over the validity of a patent for a gene sequence that could be used to treat people with autoimmune diseases. Lilly has made autoimmune diseases one of its key areas of research. Lilly had persuaded a U.K. judge in a previous hearing to revoke the patent on the basis that Human Genome’s list of potential uses for the gene was too vague. The court decision affects patent rights in the United Kingdom, but necessarily throughout Europe. Lilly maintains the patent is invalid and is “exploring available avenues to make its case,” the company told Bloomberg News in a Nov. 2 e-mailed statement. “Human Genome Sciences seek to foreclose a whole area of research in a way that is not only harmful to the industry, but would ultimately and unjustifiably hinder the future development of new medicines,” it said.
The Indiana Alzheimer Disease Center at the Indiana University School of Medicine will get $9.1 million over the next five years from the National Institutes of Health. The funds mark the fifth consecutive five-year grant the Alzheimer Disease Center has received from NIH to support research to understand the causes and potential treatments for Alzheimer’s and other forms of dementia. It is the center's largest grant to date. The IU center is one of 29 similar centers around the country funded by the NIH. Alzheimer’s and other dementias afflicted 36 million people worldwide in 2010. That number could triple in the next four decades as the size of the world’s elderly population surges, according to a report from Alzheimer’s Disease International. Scientists are unsure what causes Alzheimer’s and there is no effective treatment.
The nation’s shortage of certain drugs is threatening to affect research trials being conducted by Eli Lilly and Co. and Endocyte Inc.
Eli Lilly and Co. hid the diabetes risks of Zyprexa to protect sales, a lawyer for the family of a 20-year-old patient who died while taking the medicine told a jury in the first case to go to trial over the drug. The attorney asked jurors to award the family $40 million in compensatory damages.