BMS sees year-on-year earnings increase of nearly $60 million in Q2
NEW YORK The anti-blood clot drug Plavix and the schizophrenia drug Abilify helped boost Bristol-Myers Squibb profits, Bristol announced Thursday.
The company earned $764 million in the second quarter of this year, compared with last year’s $706 million. Bristol expects to save $1.5 billion by 2010, hoping to offset the loss of sales when its patent for Plavix expires in 2012, opening it to generic competition.
Global sales of Plavix jumped to $1.39 billion—17 percent—in Q2, after generic supplies of the medicine that had competed with it for about a year in the United States became exhausted.
Plavix (clopidogrel bisulfate) had sales of $4.755 billion in 2007, according to Bristol financial data.
Expert panel recommends lifestyle changes for pre-diabetics
NEW YORK A panel of experts from the American Association of Clinical Endocrinologists has recommended two approaches for treating patients with pre-diabetes.
In a statement released Wednesday morning, the panel recommended significant management of lifestyle to prevent the onset of diabetes. It also recommended preventing cardiovascular complications from developing.
Pre-diabetes is a condition in which patients have high levels of glucose or low tolerance to sugar, but don’t have high enough levels to be diabetic. The condition puts patients at high risk of developing Type 2 diabetes. Pre-diabetes affects 56 million Americans, according to the Centers for Disease Control and Prevention.
SF pharmacy tobacco ban up for vote
SAN FRANCISCO A San Francisco Board of Supervisors committee sent a proposed amendment to the city’s health code that would ban tobacco sales at pharmacies to the full board Thursday for a vote.
After the City Operations and Neighborhood Services Committee heard testimony from city government officials, industry representatives, anti-tobacco activists and pharmacy workers, Supervisor Carmen Chu, who chairs the committee, allowed it to go forward.
Proponents of the amendment say that pharmacies send a mixed message by selling cigarettes and medicines. Opponents call the proposed ban unfair because it exempts supermarkets and big-box stores that operate pharmacies.
The Board of Supervisors, the legislative body for the consolidated city and county of San Francisco, will vote on the amendment Tuesday.