PHARMACY

Schering-Plough completes buyout of Organon for more than $14 billion

BY Drew Buono

KENILWORTH, N.J. Schering-Plough has completed its buyout of the biopharmaceutical company Organon BioSciences NV for about $14.43 billion in cash.

This is the completion of a deal first announced on March 12, and now expands Schering-Plough’s late-stage product pipeline and human health business. The deal provides Schering-Plough with five additional Phase III projects and furthers its reach into pharmaceutical franchises for women’s health and the central nervous system. The experimental products include an oral contraceptive, an asthma treatment and an HIV drug.

Schering-Plough’s prescription products will now include Organon’s fertility treatment Follistim, muscle relaxant Zemuron and vaginal contraceptive ring NuvaRing.

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Celgene to acquire Pharmion for $72/share

BY Drew Buono

SUMMIT, N.J. Celgene and Pharmion have announced a merger agreement, under which Celgene has agreed to acquire Pharmion. Celgene will acquire all of Pharmion’s outstanding shares of common stock for $72 per share payable in cash and share of Celgene common stock.

Under the agreement, Celgene will acquire the rights to three popular Pharmion oncology drugs: Revlimid, Thalomid, and Vidaza. Thalmoid and Revlimid are used to treat patients with multiple myeloma. Vidaza is used to treat myelodysplastic syndromes.

“The acquisition of Pharmion is an exceptional strategic fit that will expand our role as a leader in hematology and oncology,” said Sol Barer, chairman and chief executive officer of Celgene Corporation. “Our combined global infrastructure will leverage the therapeutic and commercial potential of Pharmion’s products, particularly Vidaza, which has the potential to become a major global therapy. By bringing together the talents and resources of both companies, we move closer to our vision of becoming a leading hematology and oncology company in the world, expanding our industry leading programs for safety, access and patient support.”

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RxHub introduces Rx 4 Success e-prescribing program

BY Drew Buono

ST. PAUL, Minn. RxHub, a company that keeps track of patient-specific medication history and pharmacy benefit information, has announced a new product for e-prescribing, the Rx 4 Success.

The new program was developed to target four main areas of e-prescribing: utilization of Centers for Medicaid and Medicare Services approved ePrescribing transactions including eligibility, formulary and benefits, and medication history. The program will also integrate true electronic delivery of prescriptions to retail and mail order pharmacies. It will also keep consistent rules-based applications of clinical decision support content and formulate transactional data to support the development of outcomes based on pay-for-performance programs.

“We are extremely proud to be associated with our growing roster of partners which includes many of the healthcare industry’s foremost technology innovators,” stated Doug Johnson, vice president of business development for technology partners at RxHub. “Their collective vision not only helped shape Rx 4 Success but provides the foundation for ongoing market driven performance analysis and improvement.”

Rx 4 Success will become a participation requirement for technology partners connected to the RxHub network as of July 31, 2008.

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