Hello, everyone, and how are you today? We are doing just fine, thank you, now that another wintry storm has come and gone. A warm sun is now enveloping the Pharmalot campus, where the short person is leaving for the local schoolhouse and the officials mascots are enjoying diving about in the snow and slush. As for us, we are embarking on our usual daily journey of foraging for interesting items. And so, it is time to get cracking. Hope your day goes well and do drop us a line when something interesting develops …
Biosimilar versions of Roche’s (RHHBY) Rituxan blood cancer treatment have taken 80 percent of the U.K. market since launching last year, saving the health care system $113 million a year, Reuters writes. The rapid adoption of two biosimilars from Celltrion and Novartis has been accompanied by discounts of 50 percent to 60 percent as the U.K’s National Health Service has used bidding to bring down costs. The NHS has estimated that biosimilars could save it up to $420 million a year.
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May I observe that the last time Pfizer sold their Consumer Division, it was a great deal for J&J (the subsequent issues at Fort Washington not withstanding). Now it appears they will improve the lot of GSK. It seems Pfizer’s role is to enrich it’s competition – save the collateral damage to TEVA via Allergan, but “that’s just a coincidence.”