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Hiring in Life Sciences Up Globally

Tuesday, November 02, 2010 at 12:00:00 AM


Life sciences hiring in the third quarter was up, according to the ZRG Partners Global Life Science Hiring Index. But unless workers were employed in Europe, Asia or Africa, they probably didn’t notice; the Americas actually saw a decrease in hiring that bucked the otherwise positive global trend.

Asia Pacific drove a 20 percent increase in hiring, while Europe/Middle East/Africa pushed a 10 percent hiring increase in the life sciences industry in Q3. The Americas saw a 2 percent decline in hiring. The index shows the good news in the Americas stemming from a 23 percent increase in hiring in life sciences research and development; all other work roles – sales and marketing, IT, finance, general and executive – saw drops in Q3 hiring.

Pharma, biotechnology and medical device and supply helped push the hiring increases, but outsourcing and services showed flat hiring.

See the entire article at Mass High Tech.

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Pharmaceutical Pipelines Begin to Show Promise

Thursday, October 14, 2010 at 12:00:00 AM


The predicted five percent to seven percent growth of the global pharma industry surpasses the four to five percent pace of increase from 2010.

According to a forecast released last week by IMS Health, the value of the global pharmaceutical market is expected to grow five percent to seven percent next year, reaching $880 billion.The IMS forecast takes into account macroeconomic conditions, changing levels of patient access, availability of drug treatment options, and pricing factors.

As countries recover from the global economic crisis at different rates, there is growing divergence in the pace of pharmaceutical growth among major markets, says the report. The 17 pharmerging countries are forecast to grow at a 15 percent to 17 percent rate in 2011, to $170-180 billion. Many of these markets are benefiting from greater government spending on healthcare and broader public and private healthcare funding, which is driving greater demand and access to medicines. China, which is predicted to grow 25 percent to 27 percent to more than $50 billion next year, is now the world’s third-largest pharmaceutical market.

Among major developed countries, Japan is forecast to grow 5 percent to 7 percent in 2011. The five major European markets (Germany, France, Italy, Spain, and the U.K.) collectively will grow at a 1 percent to 3 percent pace, as will Canada.

The US will remain the single largest pharmaceutical market, with 3 percent to 5 percent growth expected next year. Pharmaceutical sales in the US will reach $320- $330 billion, up from $310 billion forecast for this year, not including the impact of off-invoice discounts or rebates.

See the Posted By Rich Kneece.
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Tags: Drugs  Growth  Industry  Pharmaceuticals  Pipeline  Sales  

Pharma Companies Bring in Big Investments

  Research companies are getting large investments, but are they hiring?

Thursday, August 19, 2010 at 12:00:00 AM


It appears pharma companies in Philadelphia are bringing in big investments...

Last week, TetraLogic Pharmaceuticals Corp., of Malvern, said it raised $32 million in its latest financing, which was led by Clarus Ventures L.L.C., of Cambridge, Mass.

Other investors included Amgen Ventures , of 
San Diego; Hatteras Venture Partners, of Durham, N.C.; HealthCare Ventures L.L.C., of Princeton; Posted By Rich Kneece.
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Tags: Hiring  Investment  Jobs  Pharmaceutical  Research  Trends  

House strikes gift ban in effort to boost business

Thursday, July 08, 2010 at 12:00:00 AM


Reversing course on a new law aimed at diminishing the influence on doctors of pharmaceutical and medical device companies, the House on Wednesday voted to strike the so-called gift ban law, which critics say has hurt commerce in the medical and restaurant industries.

An amendment to preserve the ban attracted 40 votes, with 108 against. The elimination of the gift ban was included in economic development legislation that cleared the House 145-4 and now needs to be reconciled with a Senate bill in a conference committee.

Critics of the ban said it was discouraging out-of-state interests from doing business in Massachusetts and said the ban had not led to demonstrable reductions in health-care costs. Supporters of the ban said the state had already heavily invested itself in implementing it and needed to give the law more time to work itself out. Ban supporters also said other states were pursuing similar bans and predicted the law could help reduce health-care costs and ensure that the interests of patients, not drug and device makers, are the top priority for physicians.

Speaking against the ban were Reps. Garrett Bradley, Brian Dempsey and Barry Finegold. Pushing to preserve the ban were Reps. Alice Wolf, Ruth Provost, Jason Lewis and Elizabeth Malia.

See the entire article at Mass High Tech....

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Have Sunshine Laws Left Companies in the Dark?

  Sunshine Laws Stump Compliance Departments

Thursday, April 29, 2010 at 10:57:00 AM


The federal Physician Payment Sunshine Act. State disclosure laws in Vermont and Massachusetts. More disclosure laws in possibly dozens of other states in the near future. It’s enough to make a compliance department throw up its hands and leave the hassle to a third party—which is exactly what many pharma companies are doing now or plan to do in the future, according to a new study conducted by Cegedim Dendrite.

The respondents—56 professionals working in the compliance departments at their respective pharma/biotech/medical device companies—expect that the farming out of this data collection will increase the cost of aggregate spend reporting and compliance over the next year. But most have little choice, as this wave of legislation seems to have caught them with their pants down.

See entire article at
PharmExec.

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