Dublin: 10 °C Tuesday 21 March, 2023

# Pharmaceuticals

All time
# supply chains
Simon Harris defends Irish-based American pharmaceuticals following Trump criticism
US President Donald Trump made a pledge to bring Irish-based US pharmaceutical companies back to the US.
# What in tarnation
25 things Irish people just do not understand about America
Contains the world’s most painfully embarrassing promprosal.
# Health
Irish med-tech giant Medtronic is being sued over a controversial bone graft device
It is claimed that the firm covered up negative effects of a product used in back surgeries.
# Health
Liquidator appointed to Dublin pharma company backed by Ryanair co-founder
Declan Ryan was a supporter of Merrion Pharma, which was looking to make medicines easier for patients to take.
# Cork harbour
Pharmaceutical BioPark to create 500 full-time jobs and 800 construction jobs in Cork
The site will feature Europe’s first eco-friendly prefab ‘KUBio’ facility, which allow Co2 emissions to be reduced by 75%, and water and energy use by around 80%.
# Health
A French pharma firm is to move its base to Ireland to cut its 'unsatisfactory' tax bill
Flamel Technologies said that it was previously paying an effective tax rate of 48%.
# Clonmel
After 40 years, one of Tipperary's big employers is going into liquidation
More than 130 jobs are in jeopardy.
WATCH: Despised ex-drug CEO smirks his way through questioning by US politicians
Martin Shkreli, who unapologetically raised the price of a life-saving drug 50 times over, later called the politicians “imbeciles.”
# really big pharma
The world's largest drug company will soon be based in Ireland
The deal between Pfizer and Allergan is the biggest so-called tax ‘inversion’ in corporate history.
# an apple a day
How an Irish startup could revolutionise the way everyone looks at health
Nuritas is mining ‘nature’s wealth’ from the most everyday of sources – food.
# growth spurt
Factory outputs up thanks to pills and drink. Seriously.
Big pharma steps back from the cliff, injects Irish manufacturing with growth spurt.
# ship shape
Trading up: Ireland exported €1bn more in a month compared to last year
Pharmaceuticals remain the backbone of the country’s exports.
# Jobswatch
South Dublin County Council staff vote for industrial action
The vote followed a decision by South Dublin County Council management to abolish ‘acting’ positions.
# Jobswatch
US pharmaceutical company announces 200 new jobs for Dublin
Alexion will spend around €75 million creating 200 new jobs over the next two years in west Dublin.
# music to your ears
Government trumpets 50 new jobs at Jazz Pharmaceuticals
The company are to build a new plant by 2016 which will employ up to 160 people during construction.
# Positive outlook
'The Irish economy has turned the corner' - ESRI
The ESRI are predicted strong GNP growth and unemployment falls next year, driven by improving domestic demand.
Column: Irish universities CAN attract more big business funding – here's how
Irish universities have been identified as the worst in the world at attracting industry funding, but it doesn’t have to be that way, writes Barry Heavey.
# drug prices
Irish drug prices 'now matching European average' - drugs firms
Market research commissioned by pharmaceuticals firms suggests its members’ medicines match an average European price.
Column: Small and mighty – why nanoscience is booming in Ireland
Ten years ago, the global market for nano-enabled materials was €420 million. In 2015, it will be $2.5 trillion. Nanoscience is the future and Ireland is very much part of it, writes John Boland.
# Drugs
HSE introduces preferred drug initiative to save €15 million in budget
The recommended drugs are for ulcer disease and high cholesterol which account for 15 per cent of the drugs budget.
# Pharmaceuticals
Head of HSE drug-buying programme: 'It's difficult to defend current prices'
Michael Barry of the National Medicines Management Programme says draft laws will make generic drugs cheaper.
# Jobswatch
Medical devices company Abbott to cut 200 jobs in Tipperary
The company is seeking voluntary redundancies from its workforce of 1,400 people in Clonmel.
# Cystic Fibrosis
Negotiations underway over new CF drug deemed 'too expensive'
Irish health authorities will negotiate the price of a “groundbreaking” new treatment for cystic fibrosis, which would currently cost the State more than €28 million annually.
# Medicine
94 per cent of consumers favour increase in use of generic medicines
The survey showed the majority of people cite cost as the dominant reason for switching to generics.
# Drugs
Teva to reduce price on 'wide range' of generic medicines by 20%
The company says it’s prepared to cut prices further if Government plans to introduce medicine reference pricing and generic substitution go ahead.
# need to know
The Evening Fix... now with added Law & Order
Here’s the things we learned, shared and loved today.
# Jobswatch
MSD to shed 90 jobs at Cork plant
The announcement has been met with disappointment today.
# Jobswatch
Generic drug company to create 44 jobs in Dublin
Aspen is expanding its operations at Citywest, which already serves as its European marketing headquarters.
# In Numbers
Cannabis, beer and T-bills: the week in stats
How high is Europe’s tallest building? And how many cannabis plants were seized by gardaí last year?
# Medicine
New deal means some cheaper drugs on the way, says James Reilly
The price of off-patent medicines will be reduced under a new deal agreed between the HSE and the body representing the pharmaceutical industry.
# Jobswatch
Pfizer confirms loss of 177 jobs at Cork manufacturing sites
Jobs at Little Island and Ringaskiddy will be lost in 2013, after the expiry of the Lipitor patent resulted in lower demand.
# Drugs
Department, drug companies in two-month deadlock over drug prices
The Department of Health and the Irish Pharmaceutical and Healthcare Association cannot agree a new pricing system.
# Retail
Government expects VAT hike to hit sales by 1.8 per cent
Estimates for tax income in 2012 indicate that the government doesn’t expect the VAT hike to have a major impact on shoppers.
# retail sales
Pre-Christmas boost for retailers, with 1.6pc surge in November
The volume of retail sales was up by 1.6 per cent in November, as retailers reported a surge in spending pre-Christmas.
# Jobswatch
Pfizer sales staff face redundancy as patent expires on cholesterol drug
Cost of drug should be driven down by production of generic versions of Lipitor – but it will also be a factor in 30 sales staff in Ireland losing their jobs.
# Exports
€19bn worth of Irish drug exports at risk as drug patents expire
A predicted fall-off in exports due to patent expiration could account for a sales drop as large as 52 per cent by 2013.