Pfiz­er reshuf­fles, split­ting in­to three busi­ness units

Just one day af­ter Pres­i­dent Don­ald Trump ha­rangued Pfiz­er CEO Ian Read in­to de­lay­ing its drug pric­ing hikes, the phar­ma gi­ant has an­nounced it’s split­ting up in­to three busi­ness units: in­no­v­a­tive med­i­cines, es­tab­lished med­i­cines, and con­sumer health­care.

John Young

Un­der the in­no­v­a­tive meds group fall Pfiz­er’s biosim­i­lars and the hos­pi­tal busi­ness unit, which in­cludes an­ti-in­fec­tives and ster­ile in­jecta­bles. Es­tab­lished med­i­cines will in­clude the ma­jor­i­ty of Pfiz­er’s off-patent brands, like Vi­a­gra and Lyri­ca. Then there’s the con­sumer health­care unit, which will in­clude the com­pa­ny’s over-the-counter med­i­cines. But that one may soon be on the chop­ping block.

Back in Oc­to­ber, Pfiz­er said it was look­ing at strate­gic al­ter­na­tives for the con­sumer health­care unit, and they still are. They plan to make a de­ci­sion on that unit’s fate some­time this year.

Ian Read

“This new struc­ture rep­re­sents a nat­ur­al evo­lu­tion of these busi­ness­es giv­en the on­go­ing strength of our in-mar­ket prod­ucts and our late-stage pipeline and the ex­pect­ed sig­nif­i­cant re­duc­tion in the im­pact of patent pro­tec­tion loss­es post-2020 fol­low­ing the loss of ex­clu­siv­i­ty for Lyri­ca in the US which is ex­pect­ed to oc­cur in or af­ter De­cem­ber 2018,” Read said in a state­ment. “As we tran­si­tion to a pe­ri­od post-2020 where we ex­pect a high­er and more sus­tained rev­enue growth pro­file we see this new struc­ture bet­ter po­si­tion­ing each busi­ness to achieve its growth po­ten­tial.”

An­gela Hwang

John Young, the cur­rent group pres­i­dent of Pfiz­er’s in­no­v­a­tive health unit, will lead the new in­no­v­a­tive meds group along­side An­gela Hwang, who used to man­age the es­sen­tial health group. Young has a spe­cial man­date over in­ter­nal med­i­cine, on­col­o­gy (in­clud­ing biosim­i­lars), and rare dis­ease, while Hwang is tasked with the in­flam­ma­tion and im­munol­o­gy (in­clud­ing biosim­i­lars), vac­cines, and hos­pi­tal meds busi­ness.

The change­up at Pfiz­er comes hours af­ter Read rolled back his plans to hike prices on 100 drugs. Pfiz­er, you may re­call, deeply em­bar­rassed the pres­i­dent re­cent­ly when the com­pa­ny hiked its prices on a range of prod­ucts — af­ter Trump had claimed that drug prices would soon be falling dra­mat­i­cal­ly.

Pfiz­er is back­ing it up, say­ing that it will de­fer any price in­creas­es that went in­to ef­fect at the be­gin­ning of the month un­til the end of this year or un­til the pres­i­dent’s drug pric­ing blue­print goes in­to ef­fect – whichev­er is soon­er. It plans to roll back prices as soon as it can — and any price cuts it in­sti­tut­ed will re­main in ef­fect.

Martin Shkreli [via Getty]

Pris­on­er #87850-053 does not get to add drug de­vel­op­er to his list of cred­its

Just days after Retrophin shed its last ties to founder Martin Shkreli, the biotech is reporting that the lead drug he co-invented flopped in a pivotal trial. Fosmetpantotenate flunked both the primary and key secondary endpoints in a placebo-controlled trial for a rare disease called pantothenate kinase-associated neurodegeneration, or PKAN.

Endpoints News

Basic subscription required

Unlock this story instantly and join 58,000+ biopharma pros reading Endpoints daily — and it's free.

We­bi­nar: Re­al World End­points — the brave new world com­ing in build­ing fran­chise ther­a­pies

Several biopharma companies have been working on expanding drug labels through the use of real world endpoints, combing through the data to find evidence of a drug’s efficacy for particular indications. But we’ve just begun. Real World Evidence is becoming an important part of every clinical development plan, in the soup-through-nuts approach used in building franchises.

I’ve recruited a panel of 3 top experts in the field — the first in a series of premium webinars — to look at the practical realities governing what can be done today, and where this is headed over the next few years, at the prodding of the FDA.

ZHEN SU — Merck Serono’s Senior Vice President and Global Head of Oncology
ELLIOTT LEVY — Amgen’s Senior Vice President of Global Development
CHRIS BOSHOFF — Pfizer Oncology’s Chief Development Officer

A premium subscription to Endpoints News is required to attend this webinar. Please upgrade to either an Insider or Enterprise plan for access. Already have Endpoints Premium? Please sign-in below. You can contact our Subscriptions team at help@endpointsnews.com with any issues.

Endpoints Premium

Premium subscription required

Unlock this article along with other benefits by subscribing to one of our paid plans.

Hal Barron. GSK

GSK's Hal Bar­ron her­alds their sec­ond pos­i­tive piv­otal for cru­cial an­ti-BC­MA ther­a­py, point­ing to a push for quick OKs in a crowd­ed field

Hal Barron has his second positive round of Phase III data in hand for his anti-BCMA antibody drug conjugate belantamab mafodotin (GSK2857916). And GSK’s research chief says the data paves the way for their drive in search of an FDA approval for treating multiple myeloma.

It’s hard to overestimate the importance of this drug for GSK, a cornerstone of Barron’s campaign to make a dramatic impact on the oncology market and provide some long-lost excitement for the pharma giant’s pipeline. They’re putting this BCMA program at the front of that charge — looking to lead a host of rivals all aimed at the same target.

We don’t know what the data are yet, but DREAMM-2 falls on the heels of a promising set of data delivered 5 months ago for DREAMM-1. There investigators noted that complete responses among treatment-resistant patients rose to 15% in the extra year’s worth of data to look over, with a median progression-free survival rate of 12 months, up from 7.9 months reported earlier. The median duration of response was 14.3 months.

Endpoints News

Basic subscription required

Unlock this story instantly and join 58,000+ biopharma pros reading Endpoints daily — and it's free.

Brian Kaspar. AveXis via Twitter

AveX­is sci­en­tif­ic founder fires back at No­var­tis CEO Vas Narasimhan, 'cat­e­gor­i­cal­ly de­nies any wrong­do­ing'

Brian Kaspar’s head was among the first to roll at Novartis after company execs became aware of the fact that manipulated data had been included in its application for Zolgensma, now the world’s most expensive therapy.

But in his first public response, the scientific founder at AveXis — acquired by Novartis for $8.7 billion — is firing back. And he says that not only was he not involved in any wrongdoing, he’s ready to defend his name as needed.

I reached out to Brian Kaspar after Novartis put out word that he and his brother Allen had been axed in mid-May, two months after the company became aware of the allegations related to manipulated data. His response came back through his attorneys.

Endpoints News

Basic subscription required

Unlock this story instantly and join 58,000+ biopharma pros reading Endpoints daily — and it's free.

Why would Am­gen want to buy Alex­ion? An­a­lysts call hot­ly ru­mored takeover un­like­ly, but seize the mo­ment

A rumor that Amgen is closing in on buyout deal for Alexion has sparked a guessing game on just what kind of M&A strategy Amgen is pursuing and how much Alexion is worth.

Mizuho analyst Salim Syed first lent credence to the report out of the Spanish news outlet Intereconomía, which said Amgen is bidding as much as $200 per share. While the source may be questionable, “the concept of this happening doesn’t sound too crazy to me,” he wrote.

FDA asks why No­var­tis took two months to launch for­mal in­ter­nal probe, af­ter AveX­is flagged da­ta ma­nip­u­la­tion

And the plot thickens. Novartis $NVS officials are reportedly now scrambling to explain to the FDA why it took them two months to open an internal investigation into data discrepancies for their $2.1 million gene-therapy for spinal muscular dystrophy — the world’s most expensive drug.

Endpoints News

Basic subscription required

Unlock this story instantly and join 58,000+ biopharma pros reading Endpoints daily — and it's free.

Build­ing on suc­cess­ful PD-1 pact, Eli Lil­ly li­cens­es di­a­betes drug to Chi­nese part­ners at In­novent

Eli Lilly is expanding its partnership with China’s Innovent in a deal involving a diabetes drug sitting in its Phase I reserves.

The two companies had jointly developed one of China’s first homegrown PD-1 agents, scoring an approval for Tyvyt (sintilimab) late last year for relapsed/refractory classical Hodgkin’s lymphoma. This time around, Lilly is out-licensing a piece of its diabetes pipeline, a leading franchise that has historically produced the top-selling Trulicity and Humalog.

Am­gen, Al­ler­gan biosim­i­lar of Roche's block­buster Rit­ux­an clears an­oth­er US piv­otal study 

Novartis $NVS may have given up, but Amgen $AMGN and Allergan $AGN are plowing ahead with their knockoff of Roche’s blockbuster biologic Rituxan in the United States.

Their copycat, ABP 798, was found to have a clinically equivalent impact as Rituxan — meeting the main goal of the study involving CD20-positive B-cell non-Hodgkin’s lymphoma patients. This is the second trial supporting the profile of the biosimilar. In January, it came through with positive PK results in patients with rheumatoid arthritis.

Trump ad­min­is­tra­tion re­vives bid to get drug list prices on TV ads

The Trump administration is not giving up just yet. On Wednesday, the HHS filed an appeal against a judge’s decision in July to overturn a ruling obligating drug manufacturers to disclose the list price of their therapies in television adverts — hours before it was stipulated to go into effect.

In May, the HHS published a final ruling requiring drugmakers to divulge the wholesale acquisition cost— of a 30-day supply of the drug — in tv ads in a bid to enhance price transparency in the United States. The pharmaceutical industry has vehemently opposed the rule, asserting that list prices are not what a typical patient in the United States pays for treatment — that number is typically determined by the type of (or lack thereof) insurance coverage, deductibles and out-of-pocket costs. Although there is truth to that claim, the move was considered symbolic in the Trump administration’s healthcare agenda to hold drugmakers accountable in a climate where skyrocketing drug prices have incensed Americans on both sides of the aisle.