Gordon Brown plans tonic for pharmaceutical industry - January 2009
"The Government has placed the pharmaceuticals industry at the heart of its economic agenda with the appointment of Lord Mandelson and Alan Johnson to a key health sector group that will report to the Prime Minister.
Gordon Brown has summoned senior industry figures, such as Andrew Witty, chief executive of GlaxoSmithKline, and David Brennan, his opposite number at AstraZeneca, to a meeting at No10 to discuss ways of protecting pharmaceuticals and biotechnology companies, their revenues and their jobs, as the economy deteriorates rapidly"
"The traditional pharmaceuticals companies, for which some key patents will expire in the coming years, are concerned about the increasing cost of bringing new drugs to the market and growing regulatory hurdles.
They hope to persuade the Government to introduce a package of measures, which may include changes to taxation and patent legislation. In return, they may agree to conditions, such as reducing the extent to which the manufacturing process is moved to cheaper developing countries"http://business.timesonline.co.uk/tol/b ... 594350.ece
GSK hopes ‘unprecedented’ order for flu treatment will generate £600m - July
"GlaxoSmithKline hopes to reap the benefit of 18 years of preparation for a flu pandemic by generating £600 million from its Relenza treatment this year.
GSK, which said yesterday that it was in talks to sell a flu vaccine to more than 50 countries, reported that sales of Relenza rose to £60 million in the second quarter, 20 times the volume of the period a year earlier.
It forecast that revenues would hit about £600 million over the year as it fulfilled orders agreed with 60 countries"http://business.timesonline.co.uk/tol/b ... 723892.ece
Britain prepares for 65,000 deaths from swine flu - July
"People will obtain a diagnosis over the telephone or by completing an internet questionnaire. They will then be given a reference number so that a “flu friend” can pick up the antiviral drug from a depot. Scotland, Northern Ireland and Wales have not yet set up such a service but may do so."http://www.timesonline.co.uk/tol/life_a ... 716477.ece
Who is making a profit from swine flu? - August
"In terms of the share price, Roche is rocketing and GSK might as well stand for Great Swine flu Killing. The profits being reaped by these companies in the wake of the pandemic have been rising faster than the mercury in an old-fashioned thermometer"
"Roche expects to have flogged 2 billion Swiss francs (around £1.2 billion) of Tamiflu by the end of this year, but what most people don’t realise is that another company, Gilead, actually made the drug and licensed its use to Roche (this kind of alliance allows smaller, innovative companies to harness the marketing muscle of larger companies).
GlaxoSmithKline (GSK) also expects to report a bumper balance sheet for the first half of the year. It manufactures Relenza, an inhaled alternative, suitable for pregnant women, as well as antiviral masks expected to be used widely by healthcare workers during a predicted autumn resurgence. GSK is also the main force behind the swine flu vaccine, which should be ready for delivery in the autumn and will cost about £6 a shot.
GSK remains rightly unbothered by accusations that it is exploiting the scare, pointing out that it has spent £2.5 billion researching vaccine development"http://www.timesonline.co.uk/tol/news/u ... 737507.ece
Unused swine flu doses leave taxpayers facing a £150m loss April 2010
"Ministers previously signed deals worth £155 million with GSK and another company, Baxter, for enough vaccine to protect the entire population during a pandemic. Originally, 60 million doses were ordered from GSK and 36 million doses from Baxter, but owing to production schedules, this was revised later to 90 million and 9.2 million doses respectively."
"Paul Flynn, a Labour MP who is involved in an investigation by the Council of Europe into the flu pandemic and allegations of drug company influence on government policies, said that Britain had bought “vastly more than any other country we know of
” and called for greater transparency on the cost." http://www.timesonline.co.uk/tol/life_a ... 089601.ece