Report: Genomics industry contributed $1 trillion to U.S. economy in last 25 years
From the inception of the Human Genome Project in 1988 until 2012, the genomics revolution has had a total impact of nearly $1 trillion on the U.S. economy, according to a new report released Wednesday.
Top 10 Biotech CEO Pay Packages of 2012
It's a great time to helm a large biotech company, generally. Big biotech players overall posted major growth last year, and their CEOs got richer in the process. Most got fat raises while others saw their bundles of pay pale in comparison to 2011 figures.We surveyed the total compensation packages of the 10 largest biotech companies based on market capitalization as of early May, sleuthing mostly proxy statements for the financial details on pay for some of the most powerful people in the industry.
Last year the chief executives of the 10 companies garnered total compensation of $115.93 million, a 16.57% jump from the $99.45 million in total pay the execs got in 2011.
Biopharma's Top R&D Spenders - 2012
Add up the top-line R&D spending for the top 10 pharma companies in the world and you'd think that nothing had changed from 2011 to 2012. But you'd be very wrong. Big Pharma's heavy hitters in R&D have a wildly mixed record in a fast-changing field.The gross research budgets for these companies hit $70.37 billion last year, down ever so slightly from $70.38 billion the year before, when viewed at constant exchange rates. But while most companies carefully stayed on an unchanged budget track--Novartis, Merck, J&J, GlaxoSmithKline, Sanofi, Eli Lilly, AstraZeneca and Abbott--Pfizer registered the big drop in spending that had long ago been forecast. Roche, meanwhile, saw its numbers jump in the face of some big, one-time restructuring costs. And Abbott is making an appearance for the last time as AbbVie has now spun out to forge its own unique path in the biopharma business. Read the report >>
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New drug repairs brain connections lost in Alzheimer's
Researchers at Sanford-Burnham Medical Research Institute in La Jolla, CA, have developed what they say is the first experimental drug meant to restore the synapses--or brain connections--destroyed in Alzheimer's disease.
Scientists identify new compound that kills drug-resistant TB
Incidence rates of tuberculosis have been subsiding worldwide in recent years, but a new challenge has cropped up--the emergence TB strains that are resistant to current drugs.
Inovio says H7N9 bird flu vaccine effective in mice
Another vaccine has shown promise in early-stage studies against the virulent H7N9 avian influenza strain, which has so far infected more than 130 people and caused 39 deaths.
Breast cancer cell growth thwarted by osteoporosis drug in preclinical studies
An osteoporosis drug approved in Europe could have another potential use--treating breast cancer, even cases in which the cancer has become resistant to current therapies.
New genetic mutations found in families with early-onset Alzheimer's
Researchers at the Genetics and Aging Research Unit at Massachusetts General Hospital identified a type of mutation known as copy-number variants (CNVs)--deletions, duplications, or rearrangements of human genomic DNA--in the members of 10 families with early-onset Alzheimer's.
Scientists discover new antibacterial molecules to fight anthrax, TB
As antibiotic resistance rises globally, there is a growing need for new antibiotics to treat a vast array of bacterial conditions and diseases, from anthrax poisoning to tuberculosis.
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Indian researchers have created strings of nanoparticles--called nano-necklaces--that can be programmed to deliver drugs to very specific targets in the body via chemical propulsion.
Capsugel, continuing its recent expansion in the drug capsule manufacturing arena, this week launched its new platform Lipidex, which the company says offers greater stability and potency for oral drugs.
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