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Latest From Grace Montgomery
Several Eastern European generics companies achieved sales growth in 2018. Looking ahead, Grindeks plans to strengthen its presence in Russia and other CIS countries, Alkaloid is set to continue investing in production facilities and technologies, while Olainfarm looks to upgrade its product dossiers.
Zentiva has signed its first acquisition after it was carved out from Sanofi last year to become an independent company, entering into a shared purchase agreement with Siyiara to acquire Romania-based food supplement and OTC medicines producer Solacium.
Quality issues and inconsistencies with laser-drilled tablet manufacturing processes at Teva’s Actavis have been flagged up by the FDA following an audit last July at the firm’s plant in Florida, US. The agency noted that similar cGMP observations were found during inspections in 2013, 2016 and 2017.
Biocon believes its new biologics chief in India will lead the firm to become a “major global player”, Glenmark names Riva to lead its recently spun-off innovation business, and Recipharm bolsters its management team by adding Chouhan to lead sales activity in North America.
The AAM says that it supports drug plans that automatically include generics and biosimilars on generic formulary tiers immediately after launch, in response to a CMS 2020 call letter. To support its position, the association is citing a report from Avalere that quantifies potential savings from revising Part D generics tiering.