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Τετάρτη 29 Ιανουαρίου 2014

The top 10 largest pharma layoffs in 2013



Layoffs are always big news in pharma, as they are seen as an indicator of the health of the industry. Companies don't like to have to announce them, but when they decide to, getting plenty of attention becomes important. That is to impress upon investors that their CEOs are making the hard decisions needed to keep costs in line. Of course employees are interested. They know from the inside what is about to happen, and having lived through the awful anticipation, they want to see what the carnage is really going to be.

The patent cliff is often the big culprit. One might think that a one-to-one relationship could be graphed between what is happening with the patent cliff and layoffs, but that is not the case. Pharma analysis company EvaluatePharma has forecast that there

Pharma's Agenda for 2014 by J.P. Morgan



Presenters at the 32nd annual J.P. Morgan Healthcare Conference talked up value-based pricing, emerging market strategies, complex generics and new technology, from bedside devices and genetic sequencers to first-in-class mechanisms of action. Company executives honed in on their chosen therapeutic areas and made the case for aggressive spending in R&D to bring the next generation of products to market.

Hundreds of pharma, biotech, med device/equipment and insurance providers took one of the conferences’ half dozen stages or microphones to discuss last year’s successes and failures, and likely successes in 2014.

Pfizer's slim-down boosts earnings as Lipitor losses put a damper on sales



Pfizer is on a diet, and it shows. The company ($PFE) pumped up 2013 earnings despite a sizable slide in sales, thanks to layoffs and cost cuts, not to mention the successful spinoff of its animal health business, Zoetis. And it's looking for more of the same for 2014.

Pfizer posted adjusted 2013 earnings of $2.22 per share, a 6% increase year-over-year. On a diluted basis, EPS was $3.19, with the Zoetis spinoff accounting for half of that. Sales-wise, the company put up $51.6 billion, down several percentage points from 2012's $54 billion-plus.

The revenue picture is another chapter in Pfizer's patent-cliff story. As CEO Ian Read explained in a statement, the Lipitor hangover