PHARMACY

Watson launches generic painkiller

BY Alaric DeArment

PARSIPPANY, N.J. — Watson Pharmaceuticals has launched its generic version of an opioid drug for treating pain, the company said Thursday.

Watson announced the Food and Drug Administration approval and launch of morphine sulfate extended-release capsules.

The drug is a generic version of Actavis’ Kadian, which had sales of about $275 million during the 12-month period ended in September, according to IMS Health.


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PHARMACY

Study: Exenatide may tout anti-inflammatory effect

BY Allison Cerra

BUFFALO, N.Y. — A drug commonly prescribed to Type 2 diabetics to improve blood-sugar control also may have a rapid anti-inflammatory effect, according to results from a small study conducted by researchers at the University of Buffalo.

The 12-week study — which involved 24 obese Type 2 diabetics who already were on insulin to control their glucose levels — was led by Paresh Dandona, UB distinguished professor of medicine at the UB School of Medicine and Biomedical Sciences. Dandona and colleagues undertook the study based on their previous observations (published in 2007) that indicated exenatide as having an anti-inflammatory effect, reducing plasma C-reactive protein levels, triglycerides and systolic blood pressure.

In this study, the researchers discovered that patients experienced a short-lived anti-inflammatory effect — that was independent of weight loss — within two hours following a single injection of 5 mcg of the drug. Dandona said the effect "may lead to the inhibition of atherosclerosis, the major cause of heart attacks, strokes and gangrene in diabetics."

The study of the drug, marketed under the trade name Byetta, was published in the Journal of Clinical Endocrinology and Metabolism.


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Valeant names CFO

BY Allison Cerra

MISSISSAUGA, Ontario — A former Goldman Sachs executive will join Valeant Pharmaceuticals as EVP and CFO.

Howard Schiller will take over the position from Philip Loberg, who has been serving as Valeant’s interim CFO on Dec. 1. Prior to his new role, Schiller was COO for Goldman Sachs’ investment banking division until his retirement in January.

"The board of directors and I are delighted that Howard has agreed to join our company," Valeant chairman and CEO J. Michael Pearson said. "Howard brings an unquestioned intellect, tremendous relevant experience, an impressive track record of success, and a humble demeanor which will fit well with our company. I also want to thank Phil for the role he has performed these past twelve months and I am pleased that he will continue to play a key role in our financial organization."


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