Learn more: Broomfield-based ARCA Biopharma on verge of patent approval
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The treatment is MONOVISC, a single injection viscosupplement for the treatment of osteoarthritis of the knee, Bedford-based Anika said in a press release.
"MONOVISC has been broadly available in the European Union since the second quarter of 2008," said the Anika press release, which noted that the company is moving forward on its goal to receive approval for MONOVISC in the United States.|
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Cumberland's revenue grew 25% in 2008. It has another product coming to market soon that could redouble that growth. But 70 times earnings is a dizzying valuation all the same.
Cumberland's product portfolio makes the rich multiple all the more impressive. Its biggest current product, Acetadote, is an intravenous version of a drug treating Tylenol overdoses. The oral form of the drug is generically available. According to the prospectus, protection from competition comes not from patents, but from "trade secrets and proprietary know-how" as well as marketing exclusivity, granted by the U.S. Food and Drug Administration, that expires in 2011.
Will we see Cumberland's offerings pick up for the remainder of 2009 and early 2010?
Biopharma IPO Is a Healthy Sign
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The Food and Drug Administration approved Tyvaso inhalation solution for the treatment of pulmonary arterial hypertension (PAH) using the Tyvaso inhalation system, the company said.
Even though the drug, Tyvaso, had faced a couple of delays on its way to approval, analysts were expecting a regulatory nod by Thursday's action date as it was mostly the drug's delivery device that had faced a close scrutiny than the drug itself.
Another win for biopharma? We'd like to hear your thoughts.
This is the global drug delivery partnerships meeting place, focusing on bringing together professionals seeking the latest strategies, industry updates, and networking opportunities to help position your company for a successful partnership/collaboration. Join us today!|
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Posted on Carbon Offsets Daily, Climate Counts recently released a scorecard for pharma. Great news, pharma outscored media on a one-to-100 scale, with higher scores indicating greater commitment to the environment, top drugmaker AstraZeneca tallied a 76, with Johnson & Johnson on its heels at 75. Twelve more pharma companies scored 50 or higher. By contrast, top-scoring media firm General Electric (which owns NBC) boasted a 71, and second-placer News Corp. got a 63. In third place, Disney came in with a measly 25.
Because AstraZeneca scored so highly, do you think other organizations in Big Pharma will follow?
The Green Pharma Summit is about how Pharma is going green. Pharmaceutical companies are discovering that going green is not just for altruistic reasons, but that going green actually has benefits to the bottom line. Going green saves and makes money. If you'd like to network with other professionals who are working in the Green Pharma field, join our Green Pharma LinkedIn Group!
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