SangStat wins patent for cyclosporine, setting stage for a battle with Novartis
Article Abstract:
SangStat Medical Corp. won a U.S. patent for a new form of cyclosporine. The drug is used to prevent rejection of transplanted organs. The small Menlo Park, California company is breaking into a market dominated by Swiss pharmaceuticals giant Novartis AG. SangStat's planned market invasion could be complicated by Novartis' huge sales force. SangStat has allied with Eli Lilly and Co. in manufaturing its drug. There are more than 200,000 patients on cyclosporine in the U.S. and Europe.
Comment:
Won a U.S. patent for cyclosporine
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Roche Holding's Xenical helps patients keep the weight off for up to 2 years
Article Abstract:
Swiss pharmaceutical firm Roche Holding Ltd. is having success with sales of its new weight loss pill in Europe, but it is still considered experimental and the FDA in the US asked for more data. The FDA's concerns were with possible increased incidence of breast cancer from using the drug. Xenical works directly on the stomach to keep the body from absorbing fat. Side effects reported have been bloating and cramps.
Comment:
Co. submitted more data to FDA on Xenical
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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SangStat wins FDA approval to market drug for use after organ transplants
Article Abstract:
California-based SangStat Medical Corp. will market the generic drug, SangCya, a cyclosporine that prevents rejection of transplanted organs. The drug has been under FDA review for about two years. SangStat's sales force of only 33 need only target the 100 hospitals where transplants are performed in the U.S. The drug's brand-name counterpart is Neoral from Novartis AG based in Switzerland.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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