Biopharma Updates Across the World

This recent post on Biopharmatoday sheds some light on recent biopharma developments from around the world including India, China, Japan, and around the Pacific. Some of the highlights from the article include President Gloria Macapagal-Arroyo from the Philippines signing a new legislation that will transform the nation's top regulatory group. Under the new Act the Bureau of Food and Drugs will replace the Food and Drug Administration. In Europe, Roche became the first multinational pharma company to establish a research and development center in China.

Make sure to take a look at the post for the rest of the updates.

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Countries creating laws to lower drug prices

The Wall Street Journal has an interesting look at how some countries are creating laws to combat the high prices of life saving medications. President Gloria Macapagal Arroyo of the Philippines reduced the drugs prices when the manufactures of several drugs failed to lower their prices to comply with a new law. The article states that drug companies have looked to emerging markets as a place to make up for the falling revenue in places such as the US, Europe and Japan. The Philippines new actions could cost large Pharma companies between $146 million and $208 million. Read the full article here.

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