Patents, Genes and the Future of Biotech

The decision yesterday rendered by Federal District Court Judge Robert W. Sweet that invalidated the patents issued to Myriad Genetics for the breast cancer marker genes BRCA1 and BRCA2 is analogous to the “shot heard round the world” that kicked off the American Revolution in 1775. While it isn’t clear whether or not the decision will stand (Myriad has appealed the ruling), it does have the potential to change the way in which life sciences companies may operate in the future.

Patents are the lifeblood of the biotechnology industry. Because of this, scientists, university technology transfer offices and many would be entrepreneurs have sought to patent any and all ideas, inventions and potential products that may serve as the basis for a life sciences community. This has resulted in the issuance of a surfeit of composition of matter patents for many human and non-human DNA sequences that encode potential industrial and therapeutic proteins.

Prior to the sequencing of the human genome, many scientists and entrepreneurs had compelling and legitimate arguments to patent newly discovered DNA sequences. While these sequences existed in nature prior to their discovery, their commercial potential could not be fully realized until the genes and their products were isolated and fully characterized which generally required many years of scientific study. In contrast, however, the advent of whole genome sequencing allows scientists, to easily identify genes and their products that are likely to have future commercial potential and value. Because this renders inventions that make use of the genes or proteins themselves obvious, composition of matter patents are no longer feasible or warranted. Also, while composition of matter patents may have been lucrative in the past, it is usually secondary process patents that extend the commercial lifecycle of protein-based drugs. For example, the composition of matter patent for recombinant erythropoietin (held by Amgen) expired in 2004. However, Amgen has recombinant erythropoietin process and production patents that preclude competition in the US until 2017.

While composition of matter patents may be important for therapeutic proteins, the same isn’t true for diagnostic products. In fact, composition of matter patents in this case (like Myriad Genetics patents for BRAC1 and BRACA2) tend to stifle innovation and create monopolies for the companies that own them. The elimination of composition of matter patents for DNA sequences will give scientists the requisite freedom to operate and necessary creativity to develop new tests and uses for novel genes and their products.

To that end, the diagnostic industry would be well served if it adopted the open source business model pioneered by the software industry. This has resulted in the creation and development of new products, commercial applications and business opportunities that have exceeded the expectations of the companies that developed the original code. I see no reason why the same approach couldn’t be used in the diagnostic and personalized medicine industries as they continue to mature.  After all, the human genome is the ultimate source code and allowing free and unfettered access to its contents will undoubtedly result in many innovative, useful and previously unimagined commercial scientific and healthcare advances in the future.

Until next time…

Good Luck and Good Job Hunting!!!!!!!!!

 

Generic Drug Approvals Outpace New Prescription Medications in Europe

As reported in the March issue of Pharmaceutical Technology Europe, figures published by the European Medicines Agency (EMA) showed that the approval rate for new drugs (branded, generics, biosimilars and orphan) increased between 2007 and 2009; however most of the approvals were for generic drugs not new ones.

According to the published figures there were 58 new drug approvals in 2007, 66 in 2008 and 117 in 2009. However, the number of approvals for branded products decreased during this period; 35 in 2009 compared with 41 in 2008 and 59 in 2007. On the other hand, the approval rate for generics skyrocketed with more than 50 in 2009 as compared with 4 in 2008 and 5 in 2007.

Interestingly, biosimilar products didn’t fare as well as small molecule generic drugs with the number of applications and approvals decreasing during the period. For example, in 2007 10 new biosimilar applications were filed as compared with 3 in 2008 and 1 in 2009. Likewise, the number of approved biosimilar products decreased with 5 in 2007, 6 in 2008 and 0 in 2009. This trend suggests that biosimilars, mainly therapeutic proteins are not faring well in the European market. However, this is likely to change as patents begin to expire for monoclonal antibody-based drugs which are increasingly becoming the new drugs of choice for many indications including oncology, inflammation and metabolic diseases. Nevertheless, there is a growing emphasis and trend on developing generic medications as compared with new ones. Expect this trend to continue as patent expiry for many small and large molecule continues to draw near.

Until next time…

Good Luck and Good Job Hunting!!!!!

 

Another Pharma List: Does Size Really Matter?

Ed Silverman who runs the outstanding Pharmalot Blog, today posted a 2009 list of the world’s top 20 pharmaceutical companies. The list was compiled by IMS Health and placement was based on revenues generated from 2009 prescription drug sales.  The numbers in parentheses represent the percent change from the previous year.

FYI, the Pfizer-Wyeth and Merck-Schering Plough acquisitions weren’t included whereas the Roche-Genentech acquisition was. Also, it is interesting to note that Teva, the world’s largest generic drug manufacturer came in at number 11and exhibited the greatest increase in sales in 2009. Expect the Israeli drug giant to move into the top ten next year as generic drug sales continue to out pace those of branded products.

  1. Pfizer - $41.7 billion - (0.8)
  2. Novartis - $36.7 billion - 7.0
  3. Sanofi-Aventis - $35.1 billion - (3.3)
  4. GlaxoSmithKline - $34.3 billion - (3.4)
  5. AstraZeneca - $33.2 billion - (7.8)
  6. Roche - $31.3 billion - (8.6)
  7. Johnson & Johnson - $26.9 billion - (6.6)
  8. Merck - $25.0 billion - (4.1)
  9. Eli Lilly - $19.6 billion - (8.3)
  10. Abbott - $19.4 billion - (5.5)
  11. Teva - $15.7 billion - (12.3)
  12. Bayer - $15.4 billion - (3.9)
  13. Wyeth - $14.8 billion - (2.3)
  14. Amgen - $14.8 billion - (3.1)
  15. Boehringer - $14.6 billion - (10.4)
  16. Takeda - $14.4 billion - (2.1)
  17. Bristol-Myers - $14.2 billion - (5.8)
  18. Schering-Plough - $13.1 billion - (4.3)
  19. Daiichi Sankyo - $8.5 billion - (3.1)
  20. Novo Nordisk - $8.2 billion (11.6)

Hat tip to Pharmalot

Until next time…

Good Luck and Good Job Hunting!!!!!!!

 

Roche Will Cut 600 Jobs in New Jersey

Roche disclosed in a regulatory filing that it will plans to eliminate 500 positions in New Jersey by the end of this month, related to last year's acquisition of Genentech Inc., and plans to cut another 100 jobs in the state by June. While the cuts were expected after Roche acquired Genentech last year and announced it would move its US headquarters from Nutley, NJ to South San Francisco, it wasn’t clear how extensive the job loses would be. The company is closing down all manufacturing operations at the aging Nutley site.

This is more bad news for the State of New Jersey which has borne the brunt of the pharma downsizing trend that began in earnest about 4 years ago. As many of you may know, New Jersey has the highest concentration of pharmaceutical employees in the US. The loss of pharmaceutical jobs coupled with an enormous budget deficit suggests that it will be many years before New Jersey is able to recover from the economic downturn.

Roche, which had 2009 revenue of about $45.9 billion, employs more than 80,000 people worldwide.

Until next time…

Good Luck and Good Job Hunting (forget New Jersey)

 

AstraZeneca to Freeze Salaries of Its CEO and Other Executives

AstraZeneca today announced that its Chief Executive David Brennan will receive no increase to his base salary this year, as the drug maker continues a freeze for top executives imposed last year due to weak economic conditions.

Brennan's 2010 salary will remain at $1.4 million, the same level since 2008. However, Brennan’s overall compensation has been on the rise for the past few years. His total remuneration, which includes bonus, shares and other items, rose 5% to $4.9 million for 2009, versus $4.7 million for 2008, according to documents recently filed with the Securities and Exchange Commission.

AstraZeneca said the base-salary freeze for 2010 also applies to other senior executives whose responsibilities are unchanged. 

While it is laudable that the company is freezing the base salary of its executives, most of their annual compensation is derived from bonuses, stock grants and options and other perks and benefits. I am certain that the hundreds of thousands of pharmaceutical employees who lost their jobs over the past three years can sleep better at night knowing that pharmaceutical executives are finally feeling the pain and sharing the pain of a down economy.

Hat tip to Ed at Pharmalot!

Until next time…

Good Luck and Good Job Hunting!!!!!!!!!!

 

FDA to Impose Regulatory Sanctions on Genzyme

Orphan drug manufacturer Genzyme today issued a press release that the US Food and Drug Administration (FDA) notified the company that it intends to take enforcement action to ensure that products manufactured at its troubled biomanufacturing facility in Allston Landing, MA are made in compliance with good manufacturing practice regulations.

The agency’s enforcement action will likely result in a consent decree under which a third party would inspect and review the plant’s operation for an extended period and certify compliance with FDA regulations. Under a consent decree, Genzyme also would be required to make payments to the government and could incur other costs.

The Allston Landing facility was experiencing product quality problems for some time before FDA intervened and threatened regulatory action and sanctions against the orphan drug producer. According to the press release Genzyme will:

work cooperatively with the FDA to restore the agency’s confidence in its ability to operate the Allston plant at the highest standards, building on the progress it has made over the past year to address the manufacturing deficiencies at the Allston plant. This progress includes:

  • Retaining a leading quality assurance advisory firm to help develop a comprehensive strategy and risk mitigation plan. More than 30 expert consultants from this firm are currently working at the Allston plant or at other Genzyme manufacturing facilities.
  • Naming a new site head and reorganizing and strengthening the management team at the facility.
  • Hiring two highly regarded industry veterans to serve as President of Global Manufacturing and Corporate Operations and Senior Vice President of Global Product Quality.

While this is not good news for Genzyme, it is great news for patients who rely on Genzyme’s medicines to manage their oft times devastating and potentially life threatening genetically-inherited diseases.

Until next time…

Good Luck and Good Job Hunting!!!!!!!

 

The Top Ten Fastest-Growing Career Options for Life Scientists

Onlinecolleges.net sent me a list of the  ten fastest growing jobs expected in the US from 2008 to 2018. While career options like skin care specialists (vocational training), physician assistants (MS), athletic trainers (BS), financial examiners (BS), dental hygienists (associate degree) and physical therapist aides (associate degree) appear on the list, the fastest growth and greatest need is for biomedical engineers (#1), network system and data communication analysts (#3), medical scientists (#5) and biochemists and biophysicists (#7).

 The Ten Fastest-Growing Jobs You Should Go To School For Today

With the exception of medical scientists (which require a PhD degree), bachelor degrees are required for entry level biomedical engineers, systems analysts and biochemists and biophysicists. While I am not convinced that there is a growing demand for more PhD life scientists, I think the other options listed are viable career choices especially in the area of health information technology.

Until next time…

Good Luck and Good Job Hunting!!!!

 

50 Useful Science Career Sites

Samantha Miller of the Medical Small Business blog sent me a list of 50 websites that may be useful for students interested in a career in science or scientists looking for jobs. The list is very comprehensive and worth a look for folks who, against all odds, are still considering careers or seeking gainful employment in the sciences.

 Science Job Sites

1. New Scientist Jobs : Register for free here to begin uploading your CV, get job alerts, and apply for them online. You can also search the database which has tons of jobs in science. There are also useful items such as career advice and who’s recruiting.

2. Nature Jobs : This science site stands out for its ability to let you search for jobs overseas. You can also search by employer, discipline, and title. There is also a career toolkit and information on fairs.

3. Job Science : If you feel like spending a little money to find a job, check out this site. It has loads of resources for science workers and students to find a job. You can view a demo, or try it out for free for 30 days.

4. Career Builder : A leading career site, it also has a special section for science and biotech jobs. You can search by type and/or location. There are also tons of other useful tools on Career Builder.

5. The Vault : With useful resources such as the top 25 firms, this site is worth a look. Here, you can choose from different science industries such as biotechnology, environment, and technology. They also have loads of blogs, videos, and much more.

6. Research Jobs : If your scientific expertise is in research, click here. This is a networking and job site dedicated to researchers and companies in the industry. You can register, search jobs, and more.

7. Career Cast : Although anyone in any profession can utilize this site, science workers can view jobs in life, physical, or social sciences. There are also tools, news, a blog, and more. They recently listed biologist as the top number four job in the nation and you can read why.

8. Glassdoor : Thinking of working for a specific company? Then visit here to see what actual employees have to say about it. You can also get salary, bonus, and other important information.

9. Dice : If technology is your area of scientific expertise, visit here. The site is a career hub for tech insiders and lets you browse jobs in the hottest cities for technology. You can also upload your resume, search agencies, get tips for resume writing, and more.

10. ChemJobs.net : If you are looking for a job in the chemistry industry, visit here. Categories include graduate, sales, clinical, and more. There is also a directory and more information.

11. Photonics Jobs : This science site is for those looking for work in optical, laser, and fiber optics employment. The latest jobs are featured on the homepage. You can also search by date or category.

12. Working for NASA : You don’t have to live in Texas or Florida to work for this science giant. They have thirteen facilities in states such as California, Ohio, and D.C. See what jobs are open and what they are looking for by visiting.

13. Engineer.info : This site searches through millions of jobs from many leaders to bring you solely jobs for engineers. With everything from entry level to advanced, this site is a one stop shop for engineers looking for a career. You can also search by type or location.

14. Think Resources : Get several sites for scientists looking to go into the energy field here. There is Energy Group, Power Plant Jobs, and others. There is also help with resumes and employment management services.

15. Just Windows Jobs : If you have knowledge of MS, developing, or related field, this is the science job site for you. It contains jobs featuring solely IT’s best in Windows. With over 15 million users getting jobs from 120 tech websites, it is a good choice.

16. Computer Jobs: Like the above, this science job site is for technology professionals. Choose jobs requiring skills such as Python, Cisco, Java, and many others. You can also do a simple Google like search.

17. Med Hunting : Get science jobs for the medical field by visiting here. Science orientated jobs include research, technology, and others. You can also post your resume or get salary information.

Career Development Sites

These sites can be used to help write a resume, prepare for an interview, and much more.

18. My Science Career : Provided by AAAS and the journal “Science,” get tons of tools specifically for science workers and students seeking a career. There is a how-to series with loads of advice, along with the other usual tools. You can also download “The Informed Job Search.”

19. Career One Stop : Sponsored by the U.S. Department of Labor, the site provides tools to help job seekers, students, and all professionals. Choose from exploring careers, education, or even find services near you. There is also help for those in the military making the transition to civilian life.

20. Monster : This gigantic career site is full of advice for workers, students, and everyone in between. Choose from helpful resources such as resumes, interviewing, and negotiating salary. They also feature employers and have regular interviews with industry professionals.

21. WSJ Careers : Although meant for business professionals, the scientist can still get expert advice from “The Wall Street Journal.” They have news & trends, career strategies, columns on different careers, and the usual job search. You can also get information on different schools.

22. Free Resume Critique : If the first word of the title didn’t sell you the provider will: “The Wall Street Journal.” Simply enter your information and upload your resume to get started. If you choose to go with their services, they guarantee an interview within 30 days.

23. Career Mag : In addition to the usual tools, there is also a self-assessment section that most others don’t have. Other tools are on continuing education, an online portfolio, and reputation defender. There is even a mobile app with more.

24. The Riley Guide : In operation since 1994, they offer free career advice and employment information. Choose from subjects such as tips on the job search, cover letters, salary guides, and more.

25. Interview Smart : Is the interview the scariest part of getting a science career or into the school of your dreams? Then stop by this site to sharpen your skills and ace the interview. There is a free trial and they feature 35 different topics on every step of the process.

Science Majors and Post Baccalaureate Sites

Science students can use these sites to find an internship, entry level job, and more.

26. College Grad : Stop here to get jobs specifically for college graduates. You can find jobs in a variety of fields, including science. There is also help for paying off debts, top employers, videos, and more.

27. Campus Career Center : Stop here for a massive site with entry level jobs and internships specifically for both college students and graduates. They have an expert blog with tips on everything from resume building to advancing an existing career. Best of all, employers such as Shell, the CIA, and many others regularly hire from here.

28. College Center : Get a network just for college job seekers here. They have centers for students, alumni, and employers. There is also a job search kit to give you more help.

29. After College : Search over 200,000 jobs specifically for college graduates here. Popular jobs include teaching, pharmacy, imaging, and others. There is also help for scholarships.

30. Monster College : With a section for just about everything, Monster also has this resource to help you transition from the classroom to the workplace. You can learn, network, and share on the one site. There is also help with portfolios and finance.

31. Entry Level Jobs : Choose the scientific category here to get entry level jobs. You can also choose by locations across the country. Other categories include education, engineering, technology, and more.

32. Employment Guide : If you are a science student who needs to work from home, visit here. They have listings of legitimate business opportunities at many levels. There are also tools for other job seekers.

33. Diversity Working : If you are a science student and a minority, stop here. It offers over 500,000 jobs in diversity. Simply post your resume, choose from a community, or search for your dream job.

34. College Recruiter : If you need just a simple search engine for entry level jobs and internships, this is it. Simply type what and where to get your answer.

Science News

Don’t get scooped by a co-worker or other student by staying on top of the latest scientific breakthroughs.

35. Science Daily : Get nothing but science headlines by stopping here. They are updated every 90 minutes and include just about every topic imaginable. You can also choose by specialty, news videos, and book reviews.

36. Live Science : With sections like Cool Science and Tech News You Can Use, this site is worth a visit. You can also choose by specific topic or even the strangest in headlines. Be sure not to miss the videos with even more.

37. New Scientist : Stop here for in-depth articles for the serious scientist. They also offer the Last Word and opinions on many controversial scientific topics. You can also use the site to look for science jobs.

38. Scientific American : You don’t need a subscription to this leading publication to get science news. Online sections include fact vs. fiction, extreme tech, and ask the experts. Be sure not to miss the 60 Second Science Podcasts with loads more.

39. Science Blogs : Similar to Alltop, this site gathers all the headlines from science blogs onto one convenient place. Choose from life science, environment, medicine, and more. There is also a section for job seekers.

40. POPSCI : Also known as “Popular Science,” they cover gadgets and cars in addition to science. Get the latest on robots and other popular pieces of science with a visit. There are also galleries and videos.

41. Science Mag : Both scientific research and career information is listed here. There is also a community for networking and blogs. You can also get a science podcast.

42. EurekAlert! : Get the latest news by scientific subject here. Choose subjects from agriculture to technology. There is also information on grants, awards, and books.

Science Reference Sites

Whether writing a paper, report, or other scientific issue, use these sites as references and tools for the latest in science.

43. National Science Foundation : The NSF is a must visit site for all science students and workers. You can get the latest discoveries, info on awards, and statistics. You can also use the site to find funding opportunities in your area.

44. Research.gov : Led by the NSF, Research.gov is a partnership of federal research-oriented grant making agencies with a shared vision of increasing customer service for the research community, while streamlining and standardizing business processes amongst partner agencies. Scientists can use the policy library, apply for grants, and get the latest news. Be sure not to miss opportunities funded by the Recovery Act.

45. Library of Congress : One of the largest libraries in the world, the LOC has tons of free resources for all visitors. Click on Researchers to get more tools for scientists. Others can view massive collections on history, art, and much more.

46. NOAA : The National Oceanic and Atmospheric Administration is charged with all sorts of environmental watches and reports. See what they are up to, read reports, or join forces by visiting. You can also get resources for students.

47. NASA : Explore the final frontier with the help of this massive site. Get mission updates, reports, live videos, and even interviews with top officials. With tons of resources, be sure and make time for this science site.

48. Discovery Channel : With shows like “Mythbusters” and “Man vs. Wild,” there are numerous scientific resources to utilize here. Get videos, interviews with hosts, and much more. There is also a health, science, and animal channel to choose from.

49. Nature.com : Get the world’s latest science and medicine reports on your desktop here. Choose from research, blogs, and special features. You can even submit your own manuscript.

50. PhysOrg : Similar to the above, this site focuses on physics, technology, and Nano science. Spotlight stories are featured on the home page. You can also see the top stories, choose by subject, or submit your own idea. 

Until next time

Good Luck and Good Job Hunting!!!

 

FDA Asks GlaxoSmithKline to Suspend Sale of Its Rotavirus Vaccine

The US Food and Drug Administration (FDA) has advised GlaxoSmithKline (GSK) to suspend sale of Rotarix, its rotavirus vaccine, because it may contain porcine circovirus type 1 (PCV-1) DNA sequences. The FDA and the company both found traces of PCV-1 DNA in the vaccine. It is not clear whether whole virus is in the vaccine or just pieces of its DNA. Luckily, PCV-1 isn’t known to cause disease in humans and infants vaccinated with the vaccine are not likely to experience any health or medical issues..

The agency insists that this is a temporary and cautionary suspension of Rotarix sales. FDA officials are advising physicians to use Merck’s RotaTeq rotavirus vaccine instead, which is made using a different method and which shows no evidence of PCV-1 contamination. Merck and GSK have been vigorously competing for market share in the US vaccine marketplace.

Unfortunately, things haven’t been going well for the highly regarded GSK vaccines division in the past few years. First, the company had trouble getting its anti-cervical cancer vaccine, Cervarix approved in the US. And the company just recently announced that it may not seek regulatory approval for Synflorix, a new pneumococcal disease vaccine that was suppose to compete with Pfizer’s  (formerly Wyeth’s) second generation 13-valent pneumococcal vaccine called Prevnar.

This isn’t the first time that animal DNA sequences have been found in human biotechnology products. Last June, Genzyme was forced to shut down one of its biomanufacturing facilities to clean up viral contamination that had been slowing down production of two of its main products, Cerezyme and Fabrazyme. The virus, Vesivirus 2117, is known to interfere with the growth of Chinese hamster ovary (CHO) cells and is believed to have been introduced through a cell culture nutrient. The virus doesn’t infect humans, but the shutdown cost the company millions in revenue and caused shortages of Cerezyme and Fabrazyme.

Because many vaccine and biotechnology products are manufactured in mammalian tissue culture cell lines, detection of non-human viruses these products are neither uncommon nor unprecedented. However, the recent spate of high profile, virally-contaminated vaccines and biologics suggests that biomanufacturers must be more vigilant when it comes to virus removal and microbiological testing from these products.

Until next time…

Good Luck and Good Job Hunting!!!!!!

 

Social Networking for Biocareer Development

By now, most of you have heard at some point or another that networking is critical when it come to trying to land a job. Unfortunately, networking is not an inherited genetic trait and it takes a fair amount of skill (some say art) to develop and excel at it! To make matters worse, most scientists are told and frequently reminded that networking for career advancement is equivalent to shameless self promotion and that “good scientists” generally refrain from doing it. Consequently, most scientists are not good at networking and in some cases shamefully inept.

The advent of social networking sites like BioCrowd, Facebook and others provides an opportunity for scientists to overcome their fear or guilt about networking. More importantly it provides a “safe haven” for scientists who want to avoid the anxiety and pressures of face-to-face networking at live events. While online networking may be a surrogate or substitute for the real thing, if leveraged correctly, it can be used to find and land a job or advance a career. 

Surprisingly, the use of social networking by life scientists lags behind that of the general public. After all, many life scientists pride themselves as being on the cutting edge or part of the vanguard pushing new technologies that can be used to “push back the frontiers of science.” Nevertheless, social media and online networking sites have become routine parts of most job searches and both are used by employers and prospective employees alike. To that end, I crafted a Powerpoint presentations that describes the “dos and don’ts” of social media for job searches and career advancement. 

social media, life sciences, career development
View more presentations from cliffmz.
While the presentation is a start, I strongly urge life scientists and other jobseekers to attend locally-sponsored social media seminars and workshops to hone your social media and networking skills. Like it or not, social media is here to stay and those who fail to harness its potential will likely remain in the ranks of the unemployed for the foreseeable future!.

Until next time…

Good Luck and Good Job Hunting

 

Biogen Idec Caves to Icahn's Demands

Biogen Idec today announced that Dr. Eric K. Rowinsky and Dr. Stephen A. Sherwin have been appointed to its Board of Directors pursuant to an agreement with Icahn Partners. Dr. Rowinsky was proposed as a nominee to the Board by Icahn Partners and Dr. Sherwin was selected by the Company as part of its process to identify new directors.

"Under the terms of the agreement, Icahn Partners has agreed to vote its shares at the 2010 Annual Meeting for Biogen Idec's nominees, who will include current directors Nancy L. Leaming and Brian S. Posner as well as Drs. Rowinsky and Sherwin. In addition, under the terms of the agreement, Icahn Partners will withdraw its notice of nomination of persons for election as directors and its proposal to amend Biogen Idec's Bylaws to limit the size of the Board."

As you may recall, Icahn tried to wrest control of the company from its current management team in an attempt to force the company to sell itself because Icahn believed that its stock price was undervalued. Since that time, it appears that Biogen Idec executives are seeking to appease Icahn rather than publicly fight with him over the value of the company. Don’t be surprised if Biogen Idec is sold to a large pharmaceutical company by the end of this year.

Until next time…

Good Luck and Good Job Hunting!!!!!!

 

Healthcare Reform Legislation's Biggest Winners: The Pharmaceutical and Biotechnology Industries

While I was pleased that President Obama and the Democrats were finally able to deliver much needed reform to an ailing American healthcare system, the compromises that were made to pass the bill are troubling. First, language allowing reimportation of lower cost drugs from Canada and other developed nations was eliminated from the bill. Second, the provisions allowing the contentious 12 year data exclusivity provision for generic versions of biologic and biotechnology drugs remained in the final bill. Finally, and perhaps most importantly, any language alluding to or implying that the US government, may, in the future, be able to negotiate or regulate drug prices was obliterated. In short, the pharmaceutical and biotechnology industries received all of the assurances and guarantees that were in the deal brokered by Billy Tauzin, the former head of the lobbying group PhRMA, between the White House and PhRMA over a year ago. Surprisingly, Tauzin was fired by PhRMA several weeks ago because its leadership mistakenly thought that Tauzin conceded “too much” to the Obama Administration when he brokered the original health reform package with the White House. (At the time that Tauzin was fired, health care reform legislation appeared to be on life support and all but dead).

In the final analysis, big pharma and biotech will give back $85 billion over ten years —largely by agreeing to give back some of the profits it was allowed to collected from the egregiously flawed Medicare Part D legislation passed during the odious Bush Administration. While $85 billion may seem like a lot (to the average American citizen) to give back, it is important to note, that the size of the global pharmaceutical and biotechnology markets is over $600 billion per year. Although growth in these markets is beginning to slow in developed nations like the US and Japan (to high single digits), it is beginning to explode in heavily populated developing nations like China, India and Brazil where it is roughly $12-18%. Put simply, despite assertions to the contrary, business in the biotechnology and pharmaceutical markets is booming and likely to continue for the foreseeable future. In other words, the newly passed healthcare reform legislation is a “sweetheart deal” for the US life sciences industry.

Ironically, while the healthcare reform bill insures that almost all Americans will be entitled to healthcare coverage and that insurance companies cannot deny healthcare benefits to persons with pre-existing medical conditions, the legislation may actually limit the access of Americans to potentially life-saving biotechnology drugs. This is because the 12 year data exclusivity period for generic versions of branded, biotechnology drugs (otherwise know as follow-on biologics or biosimilars) remained in the final version of the healthcare reform bill.

As I previously mentioned, this provision disallows approval of follow-on biologics for a period of 12 years from the data that the original biologic received US regulatory approval. For example, if a branded biologic or biotechnology product garners US regulatory approval in 2010, the earliest date that a generic version of this product would be able to appear on the US market would be 2022. Moreover, in some instances, the 12 year data exclusivity provision may extend the so-called patent life of a product. Using the example above, if the patents protecting the product happen to expire in 2019, the innovator company is guaranteed an additional three years of marketing exclusivity before generic versions of the product can appear on the US market. Finally, the 12 year data exclusivity provision effectively prevents foreign biosimilar manufacturers from competing in the US biotechnology market until about 2018; a strategy designed to allow the US to maintain its dominance of the global biotechnology market. Interestingly, despite the approval of six or more biosimilars in Europe, these products have failed to catch on and are not able to compete with their branded, innovator counterparts.

In conclusion, I laud President Obama’s persistence and give him props for his ability to deliver (as promised) health reform to the American public. I have no doubt that the legislation will help to improve the delivery of healthcare in the US and hopefully improve the overall health of Americans. However, while the new healthcare reform legislation is a first, positive step, the American healthcare system will never entirely be “fixed’ until US drug prices are regulated—like they are in the rest of the world. Then, and only then, will the US government be able to control and contain healthcare costs in America.

Until next time…

Good Luck and Good Job Hunting!!!!!!!!

 

The Bidding War is Over: TEVA to Acquire Ratiopharm

After months of speculation and a nine month-long bidding war, Teva not Pfizer has emerged as the winner to purchase Ratiopharm; the financially-troubled, German generics manufacturer. Ratiopharm was Germany’s second largest generics manufacturer.

Teva Pharmaceutical Industries Ltd announced today that it has entered into a definitive agreement to acquire Ratiopharm, Germany's second largest generics producer (Novartis AG’s Hexal unit is first and Stada Arzneimittel AG is third) and the sixth largest generic drug company worldwide, for €3.625 billion ($ 5.0 billion). Teva expects to complete the transaction by year-end 2010.

The acquisition will position Teva as the leading generic pharmaceutical company in Europe. Ratiopharm's extensive product portfolio includes 500 molecules in over 10,000 presentation forms covering all major therapeutic areas marketed in 26 countries. Also, Ratiopharm has valuable know-how in biosimilars (a market that Teva has entered and is extremely bullish on) which consists number of products in advanced stages of development and a well-established sales and marketing team. The combined company will have 40,000 employees worldwide, of which 18,000 will be based in Europe. The purchase will bolster Teva’s visibility and standing in European markets.

Late last month, Ratiopharm board members implored Pfizer to enter a new bid, after it had rejected an earlier offer by the company. Apparently, the new bid was not sufficient to prevent Teva from acquiring the highly sought after generics manufacturer. Iceland-based generics manufacturer Actavis also put in a failed bid to acquire Ratiopharm.

 

BioCrowd New MultiMedia Upload Feature Is Up and Running

We previously announced that BioCrowd, an online bioprofessional networking site, was going to launch a new feature which allows members to upload any type of multimedia files ranging from videos to podcasts to poster presentations to their profile page and the BioCrowd network. Also, members can view  videos or listen to podcasts, comment on them and  let others know whether or not you liked them. Like most other websites that support videos, we offer an embed feature that allows you to copy the code of videos that you like and post them to other website, blogs or YouTube.

We hope to run contests for best video, podcast, PowerPoint or poster presentation in the very near future. If you are already a BioCrowd member, please visit the site and upload your favorite multimedia files to the network.  For those of you who are not members yet, please drop by, check us out and join if you like!  If you have any problems or identify any bugs with the new upload feature please e-mail me.

I hope to see you at the BioCrowd!!!!

Until next time.... 

Good Luck and Good Job Hunting!!!!!!!!!

The Job Interview: The Top 50 Questions Asked and 50 Behaviors You Must Avoid

The two most popular and well-attended career development seminars that I offer are about resume writing and face-to-face interviewing strategies. Because many of the participants are first time jobseekers, interest is largely and rightfully focused on resume writing. After all, a well crafted resume is an essential first step in any job search. However, if you are lucky enough to advance to the interview stage, you must be aware of the rules, regulations and terms of engagement of the interviewing process.

First, as many veteran jobseekers know, you will be asked a lot of seemingly irrelevant and whacky questions. Second, people who are interviewing for a job are expected to behave in professional and socially accepted manner. In other words, there are certain attitudes and behaviors that must be avoided at all costs if you want to get a job offer from a prospective employer. To that end, I found a couple of lists on the Internet—“The Top 50 Interview Questions that Employers Ask” and “50 Worst of the Worst (and Most Common) Job Interview Mistakes"—that are likely to be helpful to persons who may be preparing for an upcoming face-to-face job interview.

While many of the recommended behaviors to avoid may be fairly obvious to most of you, crafting appropriate answers to some of the questions on the Top 50 list may not be. By now, some of you may have googled “answers to the top 50 interview questions” and found a variety of lists that supply answers to some of the questions. However, while it may be helpful to look at those lists for guidance, I strongly advise that you come up with your own personalized responses. This is because prospective interviewers, like you may have found the same lists!

Until next time…

Good Luck and Good Job Hunting!!!!!!

 

A Troubling Trend: Genital Herpes Infections are on the Rise

While studying the pathogenesis of Neisseria gonorrhoeae in Portland, OR in the early 1980s, genital herpes had replace gonorrhea as the scourge of the sexually transmitted disease community. To help to combat the spread of genital herpes, my labmates and I joined the Portland Venereal Disease Action Committee, a grass roots organization that provided public outreach and education about sexually transmitted diseases (STDs). A few years later, the Regan Administration finally admitted to the American public that HIV/AIDS was real and that HIV infections were likely to reach epidemic proportions. While genital herpes can be painful, uncomfortable and often emotionally debilitating, the unprecedented morbidity and mortality of HIV/AIDS almost pushed genital herpes into infectious diseases obscurity. Now that HIV/AIDS is more treatable than ever before, epidemiologists and sexually transmitted diseases experts have begun to reexamine the infection rates and incidence of other STDs (including herpes, gonorrhea, Chlamydia and syphilis) among Americans. To that end, I read today a very troubling article about the infection rates and incidence of genital herpes among sexually active Americans. Here are some of the facts gleaned from a recent CDC report on genital herpes:

  1. One in six Americans aged 14 to 49 are infected with genital herpes, making the virus — herpes simplex 2 — one of the most common sexually transmitted diseases in the United States
  2. Research shows that people with genital herpes are two to three times as likely to acquire H.I.V. as those without herpes
  3. H.I.V.-infected individuals also infected with genital herpes are more likely to transmit H.I.V. to others
  4. Infection rates for women are almost twice the rate of men
  5. Blacks are three times as likely to be infected as whites
  6. Black women have the highest rates of infection, with almost half infected

Looking back, it is understandable why HIV/AIDS took precedent over genital herpes infections. After all, most people usually don’t die from genital herpes. However, the rising infection rates of the disease suggest that the American public needs to be better educated the spread and prevention of genital herpes infections. There is no question that discussions about STDs are embarrassing and often difficult. However, these days, they can be the difference between live and death!

Until next time…

Good Luck and Good Job Hunting!!!!!!!!!!!

 

A Eureka Moment...Of Sorts

Most scientists fantasize about that so-called eureka moment when, after years of hard work, academic challenges and mental anguish, it all makes sense. While I have experienced these moments from time to time during my career as a scientist, it has happened less frequently as a lay person. This morning, while reading a Science Times article on Thomas R. Friedan , former New York City health commissioner and current head of the Centers for Disease Control in Atlanta, GA, I had one of those moments.

After reading the passage:

campaigns to ban trans fats, post calorie counts in chain restaurants, reduce salt in processed food and tax high-calorie sodas. He had a supportive boss in Mayor Michael R. Bloomberg and a receptive populace in New York, but if he were to try anything similar at the C.D.C., tough Congressional hearings could be in his future because conservative lawmakers on Capitol Hill often oppose such measures

it finally dawned on me that conservatives, in general, don’t give a damn or care about human health. Or perhaps, the underlying message may be: “don’t tell me how to eat or take care of myself; it’s my life and I know what is best for my health and me.” Unfortunately, since over half of the American population is obese or overweight and the incidences of diabetes and hypertension among younger and older adults has reached unprecedented epidemic proportion it is becoming increasingly evident that most Americans, regardless of their political affiliations, don’t know how to adequately manage their health.  And, to make matters worse, the inability or unwillingness of these individuals to maintain their health increases the cost and may block access of otherwise healthy Americans to adequate healthcare.

As an American, I strongly believe in individuals’ rights and freedom of expression. However, I also believe that summarily opposing unobtrusive measures to improve human health—based almost exclusively on political philosophy or personal financial gain—is morally bankrupt and overtly un-American!

Until next time…

Good Luck and Good Eating!!!!

 

Direct-to-Consumer Advertising: Have We Got a Deal for You!

Medicis Pharmaceutical, the maker of Dysport a drug approved by the US Food and Drug Administration (FDA) to smooth skin furrows between the eyebrows, recently introduced a marketing campaign that offers people who use Dysport drug discounts and a patient satisfaction rebate guarantee. The campaign, which runs through April 30, was intentionally designed to elevate Dysport’s image and cannibalize market share in the anti wrinkle market from Allergan the maker of Botox and the market leader.

The Dysport promotion, running on the product’s Web site and in a few glossy magazines like Us Weekly, offers a $75 rebate check on an initial Dysport treatment for wrinkles between the eyebrows, a procedure that can cost consumers $300 to $500. Satisfied customers can receive a $75 rebate on a follow-up Dysport treatment, while dissatisfied customers who want to switch can receive a $75 rebate on a Botox treatment.

While this is an unprecedented and novel campaign, it demonstrates the lengths that Medicis is willing to go through to garner market share from Botox which enjoyed a monopoly on injectable toxins in the US until the introduction of Dysport last year. Last year, worldwide sales of Botox were roughly $1.3 billion. Industry analysts estimate that Medicis may be able to capture a 20 to 25 percent share of the US market.  

While the marketing campaign may seem a bit odd and brash, Medicis isn’t the first pharmaceutical company to use rebates and drug discounts to inspire patient brand loyalty. For example, Sepracor offers a seven-day free trial of its popular sleeping pill Lunesta. Merck is running a print ad with a voucher for a free 30-day supply of its Januvia tablets for Type 2 diabetes. Another Merck ad carries a $20 coupon for the allergy and asthma drug Singulair. However, the use of product rebates and drug discounts is mostly used to market so-called vanity medicine drugs (like Latisse, Botox and Dysport) which have been approved by FDA for clinical use but are not covered by medical insurance. Patients who use these drugs are paying out of pocket and, in essence, are buying from physicians. Many worry that this practice may induce doctors and patients to make medical decisions based on money not safety or efficacy. 

In the case of Botox and Dysport neither product is entirely risk free. For those of you who may not know, both are purified forms of botulinum toxin — a toxin produced by Clostridium botulinum that interferes with nerve transmission and involuntary muscle contractions. The injections cause temporary cosmetic problems like droopy eyelids or uneven eyebrows. And these drugs now carry federally mandated “black box” warnings on their labels stating that botulinum toxins have been associated with rare but potentially life-threatening health problems.

Although promotional programs like the one being offered by Medicis may be inappropriate or seemingly reckless, it—like those of Sepracor and Merck—are permissible under current direct-to-consumer (DTC) advertising regulations. Isn’t it time to reevaluate regulations that allow powerful, potentially-dangerous prescription drugs to be treated as consumer goods where price, not medical need, safety or efficacy, promotes their acceptance and use?

Until next time...

Good Luck and Good Looking!!!!!!!!!!

Astra Zeneca Jumps on the Generic Drug Bandwagon

Astra Zeneca announced today that it has agreed to market 18 of Torrent Pharmaceuticals Ltd.’s branded generic drugs in 9 emerging markets, marking the U.K. drugmaker’s first generic-drug partnership.

Unlike some its competitors, Astra Zeneca is very vulnerable to generic competition as many of its best selling products such as Nexium for ulcers, the antipsychotic Seroquel and Crestor for cholesterol. are near patent expiry. Industry analysts expect the company to lose as much as 25% of its sales revenue to generic encroachment by 2014.

The company joins a growing list of big pharma companies including Pfizer, Sanofi-Aventis and GlaxoSmithKline that view generics as a viable replacement for revenues lost to generic competition for it top selling brands.

Last year, GlaxoSmithKline entered into joint ventures with the generic manufacturers Dr. Reddy’s Laboratories (India) and Aspen Pharmacare Ltd (South Africa). Also, the company paid $246.5 million for Bristol-Myers Squibb’s Pakistan and Egypt drug units and acquired UCB’s drug portfolio in Africa, the Middle East, Asia Pacific and Latin America for $702 million; clearing signaling its intention to more aggressively pursue emerging global markets.

Likewise, Sanofi-Aventis bought Zentiva NV of the Czech Republic, Helvepharm AG of Switzerland, Medley SA of Brazil and Laboratorios Kendrick SA of Mexico to bolster its branded generics portfolio. The company also took control of the Indian vaccine and biologics manufacturer Shantha Biotechnics which suggest that Sanofi may be looking to biotech in the future.

Finally, Pfizer continues its pursuit of the financially-troubled German, generics giant Ratiopharm. Actavis of Iceland and the Israeli generics manufacturer Teva have also put in bids to purchase Ratiopharm. However, there are signs that Ratiopharm's board would prefer to be purchased by Pfizer rather than Teva or Actavis.

Look for other big pharma companies to enter into deals with or purchase branded or conventional generics manufacturers.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!

 

The Life Sciences Industry: China Begins to Turn Up the Heat

Until recently, there was little or no mention of business activity within the emerging Chinese life sciences industry. However, as the Chinese middle class continues to grow, the need and demand for pharmaceutical and biotechnology drugs (including vaccines and other biologics continues) to grow at a frenetic pace. Further, a growing abundance of US-trained scientists has allowed the Chinese life science industry to develop much more quickly than anticipated. Also, many major pharmaceutical companies like Merck, Roche and Novartis have invested hundreds of millions of dollars in China and have already established world class Chinese R&D facilities. Finally, unlike in most Western countries, the Chinese government controls roughly 80% of the pharmaceutical and biologics manufacturing that takes place in China. Together, this suggests that China has quietly established itself as a life sciences power to be reckoned with! To that end, there were two reports that came across the transom this morning that piqued my interest. 

The first report was about a company called Lotus Pharmaceuticals, Inc.

"Lotus Pharmaceuticals, Inc., a growing developer and producer of prescription drugs and licensed national seller of pharmaceutical products in the People's Republic of China ("PRC"), reported the groundbreaking ceremony on March 9 to construct a new building complex on the grounds of its production facility in Beijing.

Officials of Beijing municipal and Chaoyang district governments, officers of the China State Food & Drug, and representatives of both state-owned and private pharmaceutical companies attended the ceremony. CEO, Zhongyi Liu, welcomed the guests. "After a year of planning, we are pleased to start the construction of the new building complex and expect to finish the construction by July, interior decoration by September and GMP certification by December of this year," he said. "This is a new page for Lotus' development and it will provide important impetus to profitable growth, which is anticipated to reach $150 million in annual sales during the first year after the facility, is fully operational."

The second reported on plans to build a venture-back, “private” contract manufacturing facility that specializes in biomanufacturing in metropolitan Beijing.

"AutekBio, Inc., SUMA Ventures and Beijing E-Town Harvest International Capital Management Corporation, a venture capital group from Beijing Municipal Government announced a joint investment of more than US$100m to develop a new contract manufacturing organization (CMO) for biopharmaceutical industry in China. This joint effort led by AutekBio represents strong interests from both private investment sector and government to establish world quality capability and capacity in biopharmaceutical manufacturing in China.

The new joint venture will build up a world class R&D and manufacturing center in southern Beijing to service international biologic developments, with combined volumes of bioreactors up to 20,000 liters in multiple production lines (trains). The firm will also benefit from financial, regulatory and other supports from the Chinese government for the biotech industry." 

It is becoming increasingly apparent that China has clearly set its sights on establishing itself as player on the global life sciences stage. After spending a week in China during the country’s preparation for the Beijing Games, I discovered that China can achieve any goal that it sets for itself in very short order.  

Until next time...  

Good Luck and Good Job Hunting (try China)!!!!!! 

 

Another Biotech Company Bites the Dust

Abbott Laboratories yesterday announced that it will buy Facet Biotech Corp. for about $450 million in cash. Facet, along with its development partner Biogen Idec, had planned on moving a potential monoclonal antibody (MAb) treatment for multiple sclerosis called daclizumab into late stage clinical development in the second quarter of this year. The company is also developing several different cancer treatments with other pharmaceutical partners.

Abbott’s purchase of Facet signals Abbott Laboratories’ ongoing commitment to biotechnology or protein-based drugs. The company launched Humira (a fully human MAb treatment for rheumatoid arthritis and other inflammatory diseases) several years ago and it has managed to glean market share from older competitor’s products including Remicade (Johnson & Johnson) and Enbrel (Amgen/Pfizer) to become a blockbuster drug. MAbs are viewed by many as the “drugs of the future.” At present, there are over 350 MAb-based products in various stages of discovery and clinical development.

Earlier in the year, Biogen Idec offered to purchase Facet for $17.50 per share. Company executives and shareholders rejected the offer citing that they thought it was too low. Abbott offered $27 per share which represented a 67 percent premium to Facet’s closing stock price of $16.21 on Tuesday.  Both companies’ boards of directors have already approved the deal which is expected to close some time in the second quarter. It is not clear how the purchase will affect Facet employees but expect to see layoffs and a mass exodus by company executives.

Look for more cash purchases of biotech firms by pharmaceutical companies as debt continues to accrue and venture money remains scarce and difficult to come by.

Until next time...

Good Luck and Good Job Hunting!!!

 

Downsizing: Biotech Companies Are Catching Up to Big Pharma

For the past year or so, I have been focusing on the downsizing and layoffs taking place at big pharmaceutical companies. The unprecedented size and scope of these massive layoffs have overshadowed the downsizing and job loss taking place at small to mid-size public and private biopharmaceutical companies. In contrast with most fully-integrated vertical pharmaceutical companies that are flush with cash, most biotech companies—even the likes of Amgen, Genentech, Gilead and others—don’t have the cash reserves to maintain operations in a down economy or when a drug candidate fails in clinical development. This coupled with the lack of venture and private equity capital has been causing biopharmaceutical employees to lose sleep in recent months.

Over the past few days, two CA-based biopharmaceutical companies announced major layoffs. The first, San Jose-based Xenoport, announced that it plans on cutting its 222 person workforce by 50% over the next few months. According to company executives, the layoffs are necessary because the US Food and Drug Administration (FDA) failed to grant approval to its lead drug candidate Horizant, a treatment for restless leg syndrome. This will allow the company to annually save about $15.6 million and focus its development efforts on other products that are in Phase II clinical development. 

San Francisco-based Exelixis today announced that it would cut about 40% of its workforce or 270 employees to focus on development of its late stage drug candidates. The biotechnology company, which expects to reduce its 2011 cash expenditures by about $90 million, said it would focus on the development of its anti-cancer drugs XL184, XL147 and XL765. These layoffs are occurring less than a year after the company announced a potential $1.0 billion deal with Sanofi-Aventis in which Sanofi invested $140 million upfront to license two of its oncology drug candidates.

Things are also not going well for the numerous small to midsize biotechnology companies in the Seattle area. According to Xconomy, a company that tracks layoffs in and around Seattle, the region has shed 4,500 biopharmaceutical industry jobs since 2008.

Finally, BNET compiled a top biotech layoff list for 2009. The notables that made the list are shown below.

  1. Sepracor (530). The layoffs represented 20 percent of Sepracor’s workforce, and another 410 contract sales reps also got the axe. The restructuring apparently worked and Dainippon Sumitomo Pharma the company later in 2009.
  2. Allergan (460). This represented a five percent reduction in the company’s workforce.
  3. Genmab (300).  Arzerra (ofatumumab) the company’s leukemia drug won FDA approval a week before layoffs were announced (go figure). But Genmab wanted to cut manufacturing and late-stage clinical work to refocus on antibody discovery.
  4. Oscient Pharmaceuticals (280). Oscient cut about 100 jobs in February, 2009 to entice acquisition partners. When that didn’t work, the firm cut another 180 in June as it dumped the sales force for its two marketed products. Cornerstone Therapeutics later picked up Oscient’s antibiotic Factive during bankruptcy.
  5. Amylin Pharmaceuticals (200). After cutting 340 jobs at the end of 2008 amid declining diabetes drug sales and regulatory delays, Amylin eliminated 200 sales reps in mid-2009.

While these represent the largest layoffs that occurred in 2009, thousands of other biopharmaceutical employees also lost their jobs.  If the life sciences sector is the part of the economy that has been relatively unscathed during the economic downturn, imagine what life must be like for employees in other sectors that have been hard hit!

Until next time...

Good Luck and Good Job Hunting ????

 

Why Five Years of Data Exclusivity Makes Sense for US Follow-on Biologics Legislation

In case you did not know, the 12 years of market exclusivity proposed for follow-on biologics by supporters and lobbyists for the pharmaceutical and biotechnology industries is part of the impending US healthcare reform legislation currently pending in Congress. While President Obama has publicly announced that he supports a five year period of data exclusivity for biologics (the same as the exclusivity period for generic small molecule drugs, it is unlikely that the President will be able to convince or coerce legislators to reconsider the 12 year data exclusivity provision. However, there was a brilliant Op-Ed piece in today’s New York Times written by Anthony So and Samuel Katz at Duke University which offers a plethora of financial and business reasons why the five year period makes a lot of sense!

  1. Generic small molecule drugs have been estimated to save the American healthcare system as much as $734 billion over the past 25 year or so since the inception of the Hatch Waxman Act.
  2. Biologics cost on average 22 times more than equivalent brand name prescription small molecule drugs
  3. In 2008, 28% of sales of the life science industry’s top 100 products came from biologics and biotechnology products: by 2014 that share is expect to rise to about 50%
  4. The Medicare Payment Advisory Commission found that the top six selling biologics which include Epogen (Amgen) Avastin (Genentech) and Remicade (Centocor) accounted for $7.0 billion (43%) of Part B drug spending in 2007 (Part B covers the cost of doctor spending and outpatient visits)
  5. Between 2006 and 2007, Medicare Part D (prescription drug coverage) spending on biologics increased by 36% as compared with a 22% increase in spending for small molecule drugs
  6. Prices for biologics and biotechnology products have increased more rapidly than those for small molecule drugs
  7. While industry leaders and their lobbyist contend that it costs more and takes longer to develop biologics and biotechnology products than small molecule drugs, based on reports by various industry trade groups it costs about $1.2 billion to develop biologics and roughly $1.318 billion for small molecule drugs
  8. The US Federal Trade Commission, the independent federal agency whose main goals are to protect consumers and to ensure a strong competitive market by enforcing a variety of consumer protection and antitrust laws, recommended that the data exclusivity period for follow-on biologics should not exceed six years.

Despite the likelihood that follow-on biologics will substantially reduce prescription drug costs and healthcare spending, Congress has chosen to support questionable legislation that will delay access of Americans to less costly, efficacious follow-on biologics until at least 2020.

Until next time...

Good Luck and Good Job Hunting

 

BioCrowd, An Online Network for Bioprofessionals, Unveils New Features

 It's official; BioCrowd was one year old on Monday. During the past year,Vincent and I have been surveying the bioscience social media space to come up with ideas to keep BioCrowd fresh and relevant. To that end, we redesigned the BioCrunch section of our home page to include a bulletin board feature, a weekly video pick and RSS-driven news, video and podcast feeds. Also, we created a feature called the Career Corner that will showcase the interests, careers and lives of featured BioCrowd members. The inaugural career vignette is about me. So, those of you who want to learn more or can’t get enough of me, check it out!

Next week, we hope to launch a new user-generated, multimedia file upload capability. The new functionality will allow members to up load any type of multimedia file (videos, podcasts, PowerPoint presentations, poster etc) to website. Uploaded files can be read, viewed or listened to at the website and members can rate the content (like vs. dislike). Finally, multimedia files will be aggregated according to type and linked to the profiles of members who generated and uploaded the content.

We hope that BioCrowd members enjoy the new features and continue to visit the site. Also, please tell your friends, colleagues, mentors or other bioprofessionals about the site.  

Both Vincent and I look forward to seeing and chatting with you at the BioCrowd.

Until next time...

Good Luck and Good Networking!!!!!!!!!!

 

Online Biotechnology Training

In case you haven’t heard by now, biotechnology is no longer one of the best kept secrets of the pharmaceutical industry. Because small molecule blockbuster drugs are few and far between, every major pharmaceutical company in the world has announced plans to increase the percentage of protein-based drugs in their development pipeline. 

As strange as this may sound, most people working at pharmaceutical companies have little or no understanding of the science behind the biotechnology industry, its products and the skill sets required to compete in the industry. I learned this while working as a contract writer at a pharmaceutical company that was trying to transition from an emphasis on small molecules to biotechnology drugs. Shortly after management publicly announced its intention, signs began appearing in the building where I worked with messages like “Are you biotech to the core” or “Got biotech.” Not surprisingly, I found myself explaining the different between small molecules and biotechnology products to large numbers of colleagues during group lunches. Their lack of understanding about biotechnology was both surprising and troubling. I mean where have these people been for the past 35 years? 

While I thought that this phenomenon was unique to the company where I was working, it turns out —based on many conversations with employees at other companies—that it is pervasive in the pharmaceutical industry! Put simply, there are large numbers of pharmaceutical employees (and aspiring students for that matter) who know little about biotechnology and must quickly learn about an industry that they are being forced to work in so that they can keep their jobs! This presents time and logistical issues for many full time pharmaceutical employees—they simply don’t have the time or where-with-all to learn about biotechnology via traditional bricks and mortar training opportunities, e.g. undergraduate, graduate or certificate programs.

Recognizing a growing need, several academic institutions now offer online biotechnology courses and degree programs for undergraduate and graduate students. While these programs may not enable participants to work as bench scientists at life sciences companies (this requires hands-on wet laboratory training), they certainly provide students with the fundamental scientific and business underpinnings of the biotechnology industry.

Below you will find descriptions of a couple of online degree biotechnology programs and links to online undergraduate and graduate level biotechnology courses.

Online Biotechnology Degree Programs

The Johns Hopkins University – a prestigious brick-and-mortar research university – offers three online degree programs in advanced biotechnology: the M.S. in Bioinformatics, the M.S. in Bioscience Regulatory Affairs, and the M.S. in Biotechnology. (The M.S. in Biotech may involve a limited amount of on-campus instruction in Baltimore.) Students have up to five years to complete their degrees, but those who enroll for full-time study typically finish in two years.

The University of Maryland University College (UMUC) is among America’s largest providers of distance education. UMUC's Biotechnology Studies Program has been designated a “Professional Science Master’s Degree Program” by the Council of Graduate Schools. The program’s three specialization areas include: bioinformatics, biotechnology management, and biosecurity/biodefense. A dual online degree option is also available: students can earn an MBA in addition to the Master’s in Biotechnology by completing just a few additional courses.

Online Biotechnology Courses

Purdue University’s Department of Continuing Education frequently features online courses in horticulture and related fields that can help students prepare for careers in biotechnology. New choices are offered every semester.

MiraCosta College, a community college in Southern California, offers a number of online courses in biotechnology. The school’s website includes a five-year projection of course offerings.

While the current list of online biotechnology offerings is short, expect the number of online courses and degree programs to continue to grow in the future. If you are aware of or participate in other online biotechnology courses and degree programs, please feel free contact me about them.

Hat tip and thanks to Chesca and her colleagues at OnlineDegreeReviews.org for research and writing of this post!

Until next time,

Good luck and Good learning!

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Input on Social Media Regulatory Guidelines Continues to Trickle in from Life Sciences Companies and Trade Groups

Mark Senak, author of the incisive EyeonFDA blog and de facto watchdog of all things social media in the life sciences, has assiduously been tracking company and trade organization input to the docket for the Part 15 meeting on medical product promotion and the internet and social media. To date, according to Mark, the following companies and trade groups have officially submitted their comments and viewpoints to the docket                                                                                              

  1. Covidien
  2. Johnson & Johnson
  3. Bayer Healthcare
  4. Sanofi Aventis
  5. AstraZeneca
  6. Eli Lilly
  7. Medtronic
  8. Pfizer
  9. Abbott
  10. Novartis
  11. Genentech
  12. Sepracor
  13. Merck
  14. Medtronic
  15. Biotechnology Industry Organization (BIO)
  16. PhRMA
  17. National Organization for Rare Disorders (NORD)

As you may recall, industry input was lacking and surprisingly absent from the public hearings held by FDA on the topic earlier this year. While news analysts and bloggers were incredulous that companies didn’t actively participate in the earlier public hearings, this behavior is typical of life sciences companies that like to do things quietly and, when possible, behind closed doors. Ironically, this lack of transparency and inclination to secrecy is the antithesis of social media. Is it any wonder then, that life sciences companies are suspicious and wary of the impact that social media may have on their ability to conduct business?

Until next time...

Good Luck and Good Job Hunting!!!!!!!!

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AstraZeneca Offers New Details About Its Global Layoff Plans

Ed Silverman, who runs the Pharmalot blog,reported today that AstraZeneca provided more details about its plan to layoff 8,000 employees or 12% of its workforce by 2014. 

According to the post, the company will R&D programs in thrombosis; acid reflux; ovarian and bladder cancers; systemic scleroderma; schizophrenia, bipolar disorder, depression and anxiety; hepatitis C and vaccines (other than respiratory syncytial virus and influenza).

The company will shutter research facilities throughout the UK and Sweden and shed about 3,500 R&D jobs. About 550 jobs will be eliminated at AstraZeneca’s US headquarters in Wilmington, Delaware; adding to the massive numbers of unemployed pharmaceutical workers in the Pennsylvania, New Jersey and Delaware region. The company is also looking for a buyer for its Arrow Therapeutics business.

AstraZeneca joins a growing number of big pharma companies that are jettisoning internal R& D programs in favor of licensing and merger and acquisition deals to sure up drug discovery pipelines. The lack of innovation in small molecule drug discovery and the loss in 2011 of patent protection for some of the industry’s largest blockbuster drug franchises is forcing big pharma companies to eliminate or outsource most of their R&D functions and capabilities to cut costs.  

I wish I could say that things will get better. But, the shift in the business model that has guided big pharma for close to 100 years is likely to be a permanent one. Now is the time to begin to consider alternative career paths!

Until next time...

Good Luck and Good Job Hunting (“Go West young man/man!”)

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BioJobBlog Makes a Top 50 Biotech Blog List

Emily Johnston of Medicareer sent me a message last night to inform me that BioJobBlog made its top 50 biotech blog list. While I don’t know much about Medicareer (nor does BioJobBlog have a business or financial relationship with the organization) this is a first for the blog and it is quite an honor to be included on the list. I guess spending hundreds of hours over the past three years writing blog posts is actually beginning to pay off!

A quick perusal of the list reveals some very interesting and useful biotechnology blogs that are worth reading. And, surprisingly, there are a couple of blogs on the list that I previously didn’t know about.

Hat tip to Medicareer!

Until next time...

Good Luck and Good Blogging

 

100 Useful Career Development and Job Seeking Sites

Kitty Holman over at sent over a fairly comprehensive list that first time and experienced jobseekers may find useful. A quick perusal of the list revealed a few online career development and job board sites and services that I didn’t know about.

Having said that, the list is worth a quick read. 

General

These sites cover a lot of ground when it comes to networking and finding a job, so they’re a great place to start.

  1. Jobster: Sign up through this site to create a free career profile, allowing you to search for jobs and for employers to find you.
  2. JobFox: JobFox is a bit like a dating site, but for jobs, not singles. Create a profile and it will match you up with the job listings you’re best suited for.
  3. Monster: As one of the largest job sites on the web, Monster is a great place to start seeing what kind of work is out there.
  4. CareerBuilder: Sign up with this site to create and share your resume, search for jobs, and get help and tips with your search.
  5. Ning: With Ning, you can search for social networks that meet your interests or if you don’t find one, create your own.
  6. FD Career: With this site you’ll create a profile, learn about companies, find helpful articles and join a lively community of professionals.
  7. SimplyHired: This site lets you search for jobs from all over the web, then quickly and easily send your stored information to listings that you find interesting.
  8. Beyond.com: Find loads of niche career communities on this site, as well as a powerful job search tool.
  9. BrightCircles: Stay in touch with your coworkers and business connections using this social network.
  10. Koda: Use this site to contact employers you’re interested in working with, look through listings and meet others looking for work.
  11. Jobirn: This insider referral network helps give you a leg up in the job search by hooking you up with someone who can actually put in a good word for you and get you job interviews.
  12. indeed: Search for jobs worldwide on this site and use it to share and store your work information.
  13. Climber.com: If you’re already doing well at work, check out this website that will put you in touch with recruiters and companies looking to hire.

College Grads

These sites cater to those who have their degrees, connecting them with alumni and setting up helpful recruiting connections.

  1. Alumwire: Join this online community for information about jobs and career fairs as well as useful tools for getting in touch with alumni in your field.
  2. MyWorkster: Go through your college community to find out about job and networking opportunities in your area using this site.
  3. Doostang: Those with an Ivy League education can make a variety of useful alumni and business connections through this grad-focused site.
  4. Alumni.net: Connect or reconnect with those you knew in school to turn acquaintances into business opportunities through this social network.
  5. Brazen Careerist: Young professionals can create a profile, find jobs, network and meet potential collaborators through this site.
  6. Zumeo: Join this online network to get connected with internships and find loads of networking opportunities.
  7. iHipo: This site is a great place to search for work near home or even a bit more far flung, with networks connecting you with internships and jobs alike.
  8. AfterCollege: Sign up for this site to get access to listings and networks for loads of entry level positions.

Resume Help

Make sure your resume is in top shape and accessible to potential employers with help from these social sites.

  1. Razume: Upload your resume to this community site and you’ll get access to help and criticism from others who can help you create a better resume.
  2. VisualCV: Join this site to make a better, more technologically savvy resume you can send and share with anyone.
  3. Emurse: Use this social site to create, store and share your resume as well as enjoy networking and job search opportunities.
  4. ResumeBucket: Need a place to store your resume online? This site does just that and more.
  5. ResumeSocial: Post your resume to this community and you’ll be able to get free, and hopefully helpful, feedback on improving how you look on paper.
  6. Ziggs: This site lets you take control of your online presence, from how you appear in searches to the state of your resume.
  7. YaaZe: Create a resume using this site, publish it, and you’ll get updates when jobs that meet your needs become available.

Job Prep and Research

Learn more about companies, job search sites, pay and more through these helpful sites.

  1. InterActive Applicant: Join this site to get access to recruitment that lets you not only show off your resume but who you really are as well.
  2. InterviewBest: Use this great site to make sure you’re prepped and ready for your next interview.
  3. JibberJobber: This site lets you easily manage your job search, with great online tools and opportunities for networking.
  4. Job Board Reviews: Find out if the job board you’re visiting is legit with reviews found on this site.
  5. Salary.com: Are you being paid what you deserve? Find out from this site.
  6. VirtualJobCoach: Job seekers can join this site and get help organizing and managing their job search.

Networking

Why not use social networking for what it was designed to do–network? These sites make it easy to connect with colleagues, fellow workers and potential employers.

  1. LinkedIn: This business networking site is a must for those trying to connect with others in their field or just make it easy for people to find out what they do.
  2. Facebook: Facebook can be fun for talking to friends, playing games and posting funny pictures but it can also work for business if you create a serious, professional profile.
  3. Twitter: Send out daily updates and follow those in your field or who have job openings using this tool.
  4. iMantri: Need a mentor to get you on the path to success? This networking site will hook you up with someone who can show you the ropes.
  5. Company of Friends: As one of the oldest business social networks, this site has an extensive network of contacts for you to use.
  6. Ecademy: With this site you can make connections, share what you know and build your personal brand as you go.
  7. Meetup: Find out about professional events, networking opportunities and more through this great social tool.
  8. Plaxo: Create a listing of contacts on this site so you can carry your business connections with you everywhere.
  9. Xing: Manage your existing business contacts and make new ones through this site.
  10. Networking for Professionals: If you’re a professional looking to expand your immediate circle of contacts, give this great networking site a try.
  11. WorkNT: Find jobs and employers, post your information, and talk with others on this great networking site.
  12. Cofoundr: If you’re more of the type who wants to start their own business, consider using this site as a way to make a myriad of great, useful connections.

Freelancing

If you feel like freelancing is a direction you’d like to go, then check out these sites to find great opportunities and connections.

  1. Elance: Find employers looking to hire freelancers for a variety of different projects through this helpful social site.
  2. Guru.com: This site is not only a good place to find a job but a great place to get answers to all your freelancing questions as well.
  3. Sologig: If you’ve been working in your field for quite some time, you can use this site to find great job listings that require your level of experience.
  4. Go Freelance: Through this site you can find work, read articles and promote your skills as a freelancer.
  5. MeetingWave: With this online tool you can find people who are interested in your business and decide whether or not you want to meet them in person.
  6. iFreelance: Create a portfolio on this site and use it to find employers who are looking for freelancers with your skills.
  7. FreshWebJobs: Those who freelance on the web can find programming, development and design jobs on this site.
  8. Freelancer.com: Join this site and browse through the listings to find a job that suits your needs.
  9. ContractedWork: There’s all kind of short term work to be found through this site, just register and start searching.
  10. PowerLance: This freelancer-focused site allows you to search for projects and bid on ones that you’re interesting in pursuing.

Creative

Those working in a creative field can find art- and writing-focused jobs and communities on these sites.

  1. Coroflot: Post your portfolio on this design site to showcase your work and help you find jobs.
  2. Media Bistro: Connect with others in the content development and media industries on this site, as well as get updates about jobs.
  3. Krop: With blogs, a database, and job listings on this site, it’s a great resource for designers looking for work.
  4. PoeWar: The Writing Career Center is a great place to find career advice and also find jobs that will advance your career.
  5. DesignCrowd: If you want to gain some recognition and even earn a few cash prizes, use this site to find and enter design contests from around the globe.
  6. WriterLance: Writers out there who love what they do but also want to make a living can use this site to hook up with and work with potential buyers.
  7. Authentic Jobs: Find both full-time and freelance creative jobs on this site or just read what the blog has to say.
  8. AltPick: Promote your creative talents and find those looking to pay for them on this community-based site.
  9. FreelanceWriting.com: Find links to contests, events, jobs and more on this writing site.
  10. CreativeHeads: From animation to programming, you’ll find a wealth of creative-oriented jobs through this site.

Business

Get your foot in the door to the corporate and entrepreneurship world with these resources.

  1. Jigsaw: Find a huge collection of B2B contacts on this site that you can use to find work and promote your business.
  2. Ryze: Create your own homepage and start networking with other business professionals on this site.
  3. Fast Pitch: Got a great business idea? Pitch it to potential investors on this site.
  4. Meet the Boss: Those in upper management can make great business connections that can be useful in working collaboratively or changing jobs.
  5. Spoke: Using this site you can share your professional info and get hooked up with people that might be good to know in your line of work.
  6. NetParty: Those who are young and want to make valuable business connections should consider using this site. It lets you know where and when networking events are being held.
  7. InboundMarketing: Find marketing news, training and an online community on this helpful site.
  8. JaseZone: Try out this site to create your own personal profile and share your business expertise with others.

Technology

Put your IT, programming and computer knowledge to good use through the job offers found on these sites.

  1. Dice: This site lets you search for all kinds of tech jobs and engage in discussions in an online community to boot.
  2. 37Signals: Use this job board to find computer related work that fits your needs.
  3. ITLance: If you prefer to freelance, advertise yourself or find existing projects through this site.
  4. CoderCaste: Find out about jobs, read articles and join in techie talk in the forums on this site.
  5. ScriptLance: This site will help you to connect with companies that are looking for programmers.
  6. LimeExchange: Ideal for web developers and programmers, this site is full of great job opportunities.
  7. nPost: Find tech-related jobs on this site’s job feed and keep up with the latest news on the blog.

Small Jobs

Whether you need part time work, want to work from home or just need a little extra cash, these social sites will help you find it.

  1. Care.com: Find work as a nanny, tutor, housekeeper, special needs caretaker and more through this site.
  2. HireaHelper: If you’ve got some skills that can help someone out around the house, you can use this network to find a job in your area.
  3. Sitters.com: With availabilities for sitters of all kinds–from pets to houses–this site is a great place to find some part-time work.
  4. Book a Lesson: Those who want to share their skills and make a little profit at the same time can use this site to book music, sports and arts lessons.
  5. TutorLinker: If you’ve got the skills and expertise to tutor students, why not do it in your spare time? This site offers a wealth of networking opportunities to find you a job.
  6. TutorNation: Connect with students in need of a little help in their studies through this site.
  7. NannyAvailable: Those looking for a more long-term commitment can find a wide variety of nanny and au pair jobs on this network.
  8. OneHourTranslation: If you know more than one language, don’t let your skills go unused. Check back with this site frequently to find quick translation gigs.

Miscellaneous

From niche job sites to helpful job search tools, these sites are well worth a visit.

  1. Inovahire: Prefer to interview online? This innovative site gives you the option of meeting with employers right on the web.
  2. LayoffSpace.com: Out of work? You’re not alone. This site lets you talk to and network with others who are in the same boat.
  3. SkillWho: Show off what you can do with this online community designed to let professionals showcase their years of experience, education or whatever else lets them stand out.
  4. TalentSpring: Enter your skills and expertise into this network and it will match you up with employers looking for those qualities and abilities.
  5. TwitHire: This site proves that Twitter can be a valuable tool in finding a job, letting you track job listings sent out through the site.
  6. WhotoTalkto: Want to work for a particular company but aren’t sure who’s important enough to get you a job? This site will show you the way.
  7. FindLaw: Use this site to find law jobs aplenty and learn about lawyers and firms in your area.
  8. LatPro: Hispanic job hunters who are bilingual can put their skills to use through the postings found on this site.
  9. YourOnRamp: Designed with moms in mind, this social network helps women who want to return to the workforce do it in style.
  10. MedHunting: Use this site to connect and search for medical jobs in a wide range of fields.
  11. PoliceOne: Not finding police work in your area? Try out this search tool to find where the best law enforcement jobs are and to read more about the field in general.

I hope that some of you found the list helpful.

Until next time....

Good Luck and Good Job Seeking!!!!!!!!

 

Merger Mania Continues in the Life Sciences Sector

Merck of Germany announced on Sunday that it had agreed to purchase Millipore, an American supplier of laboratory products and reagents for biotechnology companies for $7.2 billion. The offer comes in the wake of the $6.0 billion offer made last week by Thermo Fisher Scientific one of the largest supplier in the world of laboratory reagents, supplies and equipment. While somewhat of an unconventional move for a healthcare company, Merck executives hailed the acquisition as a strategic move for customers, stakeholders and share holders of both companies.

In other news, Astellas Pharmaceuticals, Japan’s second largest pharmaceutical company said today that it tendered an offer to acquire all outstanding shares of Long Island, NY-based OSI Pharmaceuticals for $52.00 per share or approximately $3.5 billion in cash. OSI, which manufactures and sells Tarceva (erlontinib) a treatment for non-small cell lung and pancreatic cancer (which it co-markets by Genentech in the US and globally with Roche), has a strong oncology pipeline and is also developing treatments for diabetes and obesity. Despite early success with Tarceva, cash-starved OSI has been struggling of late. The acquisition of OSI provides Astellas with a strong pipeline and entrée into the growing US oncology market. OSI would also complement Astellas’ existing strength and franchises in urology and immunology.

While mergers and acquisitions were largely anticipated in the US biopharmaceutical sector over the past few years, the acquisition of American companies like Millipore and OSI Pharmaceuticals by foreign companies suggests that there may be chinks in the armor of once dominant US biotechnology companies. The economic crisis coupled with America’s waning innovation in the life sciences sector suggests that other US-based biopharmaceutical companies may be at risk. Although most foreign governments stumbled when attempting to develop the own internal biotechnology expertise, many cash-rich foreign companies recognize that purchasing US companies with marketed products offers them an opportunity to quickly and strategically gain a foothold in the ever-expanding biotechnology market.

Until next time....

Good Luck and Good Buying!!!!!!!!!