Save My Information  |  Forgot?
Home  |   IIR North America  |   IIR Europe  |   IIR Australia  |   What's New  |   About Us  |   Contact Us
Market Coverage & Databases  |   Industry Analytics  |   Tools  |   Online Store

  Premium News Article  

Forget the Hubs--When it Comes to the Drug Industry's Fortunes, it's Pure Vegas, Baby!

SUGAR LAND--August 8, 2012--Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas)--What city would best exemplify the Pharmaceutical-Biotech Industry? That would be Las Vegas. Yes, Las Vegas fits the bill, as the drug industry is a high-stakes gambler of the highest magnitude, with bets worth hundreds of millions of dollars. The long, treacherous road from initial studies to a new drug gaining U.S. Food and Drug Administration (FDA) approval resembles nothing so much as a billion-dollar ride on the roulette wheel. Recent examples include Elan Corporation (NYSE:ELN), which watched its fortunes plummet earlier this week after its once-promising Alzheimer's drug bapineuzumab was stopped dead in its tracks following failure to deliver in late stage trials.

Other companies featured: Johnson & Johnson (NYSE:JNJ), Pfizer (NYSE:PFE), Dendreon (NASDAQ:DNDN), Eli Lilly and Company (NYSE:LLY)

Read the Complete Article >>>

Details on this Article:
Industry Segment: Pharmaceutical & Biotech
Word Count: 690 Words

  Login or Register now for instant access!

Username:        Password:     

Related Articles

Premium News Article  Texas Leads Top 10 States for Operational Industrial Plants

Free News Article  First Quarter Brings Approximately $58 Billion in North American Project Co...

Premium News Article  Great Lakes Leads 2014 Higher-Ed Life Science Regional Race with $1.7 Billi...

Premium News Article  INTERPHEX 2014 Datebook: Baby, It's Cold Outside, but the Pharmaceutical In...

Premium News Article  INTERPHEX 2014 Datebook: Technology Tours Showcase Newest Trends in Pharma-...

This article is available for Premium Members only.

Subscribe Now! All Fields are Required...

First Name:
Last Name:
E-Mail Address:
Desired Username:
Confirm Password:
Subscription Type:
Pricing Help?
Pay-Per-Article - $5.95
Annual Premium News - $235.00
Annual Premium News with Archive - $395.00