Generics to drive worldwide pharmaceutical growth
SAN JOSE, Calif. Growth in various sectors of the pharmaceutical industry is expected to come from Brazil, Russia, India and China the so-called B.R.I.C. countries according to a new report by Global Industry Analysts.
In the Asia-Pacific region in particular, government restrictions on healthcare spending and low discretionary spending power among the population is increasing sales of low-cost generic drugs, while China has emerged as a region with potentially vast opportunities for global marketplace majors.
Across various countries, the generic drugs market is seeing rapid growth thanks to the need for drugs that can save lives while remaining cost-effective. This is attracting multinational companies into production and marketing of generic versions of branded drugs. Many consumers in developing countries are gaining access to drugs previously out of bounds for them, though many of the drugs violate patents, according to the report, titled “Pharmaceuticals: A Growing Outlook.”
Judge orders Ely Lilly to unseal Zyprexa documents
NEW YORK A judge in the United States District Court for the Eastern District of New York said Friday he would unseal documents concerning Zyprexa, Eli Lilly’s schizophrenia drug.
Judge Jack Weinstein’s ruling was related to his granting of class-action status to a group of unions, pension funds and insurance companies alleging that the Indianapolis-based drug maker failed to disclose some of the drug’s side effects and marketed it for uses for which regulators had not approved it.
The documents date back to 2004, when several patients sued Lilly, alleging that Zyprexa (olanzapine) caused them to develop diabetes and gain excessive weight.
New York legislation: pharmacists can administer vaccinations
ALBANY, N.Y. Starting Dec. 4, pharmacists can apply to New York’s state government for certification to administer vaccinations, under legislation signed Friday by Gov. David Paterson.
The certifications will cost $100 every three years and require training. The shots will still require prescriptions.
The purpose of the bill, supporters said, was to increase the number of vaccinations in the state; in New York City, this could mean an additional 50,000 elderly.
“Allowing pharmacists to immunize would increase access to vaccinations, as pharmacies are open long hours, on weekends and most holidays,” said Sen. Charles Fuschillo Jr., a Long Island Republican who sponsored the bill.