Soon after we confirmed what we had already suspected: that developing a new pharmaceutical product is extremely complicated.
Pfizer will no longer aggressively market Lipitor (atorvastatin), its former crown jewel and the most lucrative pharmaceutical product ever.
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Maybe, but how many of us get through a day without taking a pharmaceutical product, such as statins, antidepressants, painkillers and so on?
WebMD added that it expects an increase in the number of new branded pharmaceutical product introductions as a result of regulatory approvals expected during 2012.
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If the product proves to be effective and successful, one of the large pharmaceutical companies may license the product, which would then be more broadly distributed.
They should be pleased, because the meeting showed Dendreon has begun the difficult transition from a research firm developing a much-hyped experimental drug to a pharmaceutical company with a product to sell.
And equipment from Keller Technology enables cosmetics and pharmaceutical manufacturers to produce more product with less people.
It said it would acquire Guangzhou Bioseal Biotechnology Co Ltd, a bio-pharmaceutical company developing a biologic product for controlling bleeding during surgery.
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Currently, many of the scientific advances which eventually lead to effective treatments are developed within universities or by researchers working for charities, but that 'intellectual property' is then sold to pharmaceutical companies who bring the product to market.
Because it requires the seller to have the imagination, creativity, and work rate to, for example, know what a product recall means day-to-day to a pharmaceutical company.
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For any at-risk industry, not just the food and pharmaceutical industries, the data confirms that we have already entered an era in which product recalls are nearly business-as-usual propositions.
This approach to managing product life-cycles is arguably more effective than the desperate machinations of some pharmaceutical companies to spin out patents on their ageing stars.
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Rather than excluding an entire pharmaceutical giant for example, which many say is impractical, limit the exclusion to the product or business unit that was the locus of the fraud.
Amarin investors have been hoping that the company would nab a big pharmaceutical partner to give it access to the kind of partner that made Lovaza such a big product.
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