Watson Pharmaceuticals’ Q1 revenues up 28%
MORRISTOWN, N.J. Watson Pharmaceuticals had revenues of $856.5 million in the first quarter of this year, a 28% increase over first quarter 2009, the generic drug maker said Monday.
Meanwhile, profits were $100.3 million, compared with $80.2 million the previous year.
“Watson completed its first quarter with strong earnings and significant momentum for the remainder of the year,” president and CEO Paul Bisaro said in a statement. “Our generics business benefited from the first full quarter of sales from our newly acquired international business, the launch of diltiazem LA, as well as growth of our metoprolol business.”
Generics had global sales of $543.8 million. Global branded product sales were $72.4 million, a $25.8 million decrease from first quarter 2009, due to the December 2009 loss of the drug Ferrlecit (sodium ferric gluconate complex), though increased sales of drugs such as Rapaflo (silodosin) and Gelnique (oxybutynin chloride) offset the decrease.
Pharmacy owns medication adherence issue
WHAT IT MEANS AND WHY IT’S IMPORTANT Of all the cells in the big organism known as health care, pharmacy is the right one to own the issue of medication adherence, as National Association of Chain Drug Stores president and CEO Steve Anderson pledged it would when commenting on a study published in the journal Health Affairs.
(THE NEWS: NACDS hails journal article’s emphasis on pharmacy’s role in medication adherence. For the full story, click here)
A physician treats a patient and writes a prescription, while a nurse supplements the physician’s care, but the pharmacist has an ability to help monitor patients’ drug treatment after they return home from their appointments, and the pharmacist can make sure they take their drugs the way they’re supposed to, while also ensuring that the therapies physicians prescribe are appropriate.
As healthcare professionals, pharmacists can do this through collaboration with other providers and thus play a significant role in patient care. But as the authors of the study wrote, pharmacists are often underused, so it’s up to them and the organizations that represent them to ensure that patients, payers and other providers know the widening variety of roles they can fulfill.
Study: Metformin may be used to treat other diseases
CINCINNATI A diabetes drug widely available as a generic doesn’t work the same way experts have long thought it did, and that means it could find use in treating other diseases as well, researchers at the University of Cincinnati found.
Led by UC Metabolic Diseases Institute scientific director George Thomas, the researchers think the drug metformin could be used in patients with cancer, tuberous sclerosis and other conditions. The drug is used primarily to treat Type 2 diabetes and works by blocking production of sugar and increasing sensitivity to insulin.
Experts had long thought that the drug disabled the mammalian target of rapamycin, or mTOR complex by first deactivating tuberous sclerosis complex proteins through an enzyme called AMPK. But the UC team found that it disables mTOR using another enzyme, called RAG GTPase.
“We’ve poked a hole in dogma,” Thomas said. “Scientists can and should go back and ask about things they had crossed off their list.”