Vertex Cystic-Fibrosis Drug Slated For FDA Advisory Panel Consideration
A Food and Drug Administration advisory panel is scheduled this week to consider whether to recommend this new drug for approval. Also in the news, GlaxoSmithKline joins with American researchers in the push to find a cure for AIDS.
The Wall Street Journal:
Vertex’s Cystic-Fibrosis Drug Faces Big Test
Vertex Pharmaceuticals Inc., one of biotechnology’s most richly valued companies, faces a big test Tuesday in proving it can become consistently profitable and live up to its $30 billion market capitalization. A Food and Drug Administration advisory committee will consider whether to recommend approval of Vertex’s experimental cystic-fibrosis drug, Orkambi, which analysts predict could help the company earn more than $8 billion in net profit over the next four years if it reaches the market. (Walker, 5/9)
Hunt For AIDS Cure Accelerates As GSK And U.S. Experts Link Up
Britain's GlaxoSmithKline, which decided last week to retain rather than float off its HIV drugs business, is to collaborate with U.S. scientists in developing a cure for AIDS. Until recently, many researchers were reluctant to even discuss the possibility of curing the disease caused by HIV, which infects 35 million people worldwide, since the obstacles seemed insurmountable. (Hirschler, 5/10)