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Pharmaceuticals

This Month

CSL chief executive Paul McKenzie in Sydney on Monday.

CSL sees greying population as saviour in Ozempic battle

The biotech giant also outlined an inverse Uber-style surge fee to reward people donating blood outside peak hours.

  • Updated
  • Liam Walsh

September

Soul Patts CEO Todd Barlow and chairman Rob Millner are looking to new revenue streams.

Soul Patts ploughs nearly $1b into private markets

The increasing tilt toward the private markets in their annual results comes as investors see equities as too expensive.

  • Primrose Riordan
The lawsuits accused McKinsey of helping drugmakers including Purdue Pharma design deceptive marketing plans and boost sales of painkillers.

Consulting firm McKinsey to pay $362m in latest US opioid settlements

Hundreds of US local governments and school districts alleged it fuelled an epidemic of addiction through its work for bankrupt OxyContin maker Purdue Pharma.

  • Nate Raymond
  • Analysis
  • EU
Copenhagen’s Nyhavn Harbour. Denmark’s GDP increased 1.7 per cent in the first half of this year, largely because of Novo Nordisk.

The single company propping up an entire economy

Pharmaceutical giant Novo Nordisk’s first-mover advantage in weight-loss drugs has singled-handedly saved Denmark from recession. How long will the ride last?

  • Hans van Leeuwen
Several hundred pharmacists protest outside Parliament House on Monday.

Chemists protest medicine rule change in angry walk out

Hundreds of pharmacists disrupted parliament question time on Monday.

  • Tom McIlroy
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August

A university degree will be almost mandatory to obtain future work, fundamentally challenging a system that was last reformed nearly 40 years ago.

How to double the university sector

A university degree will be almost mandatory to obtain future work, fundamentally challenging a system that was last reformed nearly 40 years ago.

  • Tom Burton
The changes are a common sense modernisation of pharmacy dispensing rules in a rapidly ageing society that must grapple with a rising tide of chronic illness.

If chemists should prescribe, let supermarkets sell medicines

Having held firm on freeing up the dispensing rules in patients’ interest, Labor should now call out the policy hypocrisy of the pharmacy lobby.

  • The AFR View
Health Minister Mark Butler.

Coalition push to scrap 60-day prescriptions

The Coalition announced it would attempt to scrap the regulations letting people buy 60 days worth of medicines for the price of one script, up from 30 days.

  • Ronald Mizen

July

Dennis Bastas’ wealth has increased more than 33 per cent this year.

Billionaire Bastas’ Arrotex posts near 50 per cent rise in profit

The country’s largest generic drug supplier, now fully owned by the businessman, produces treatments for hay fever, digestive health, as well as cold and flu.

  • Primrose Riordan
When you stop Ozempic, you put back fat tissue, but not the lean tissue that was lost along with it.

The alarming twist when using Ozempic for weight loss

Ozempic is a model appetite suppressant, improves blood glucose control, reduces insulin resistance and is effective for diabetes, but there are several unknowns.

  • Jill Margo
Dennis Bastas’ wealth has increased more than 33 per cent this year.

Billionaire Bastas buys out pharma partners in $1b deal; UBS on hand

Street Talk can reveal KKR Credit and Goldman Sachs have co-invested with Bastas in the deal.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
George Clinical runs drug and medical devices trials globally.

Done deal: George Clinical sold for $500m after FIRB snag

It is understood Hillhouse Capital settled on the acquisition this week and paid about $500 million for a controlling stake in George Clinical.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Eli Lilly’s new drug works by removing a toxic protein called amyloid from the brains of early Alzheimer’s patients.

New drug shown to slow Alzheimer’s progress

Dementia experts have hailed the results of a trial of the treatment, the second shown to alter the course of the crippling disease.

  • Robert Langreth
Little Green Pharma founder and managing director Fleta Solomon at the Denmark facility.

Aussie cannabis player Little Green Pharma pins growth hopes on Europe

The medicinal cannabis sector has taken a buffeting, but Gina Rinehart-backed LGP hopes a new facility in Denmark will help it ride out the turbulence.

  • Hans van Leeuwen
AstraZeneca shares have fallen after the results of a recent study into a new cancer medicine.

AstraZeneca drops on concern over lung cancer trial

The company also reported some deaths in the trial, raising safety concerns. The trial is continuing because the data isn’t fully mature yet.

  • Thomas Mulier
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June

Medical schools have few protections for students in relation to aggressive marketing from drug companies.

Do drug companies have too much influence on medical students?

Universities have done little to protect medical students from the undue influence of pharmaceutical companies.

  • Julie Hare
Trent Twomey: campaign is “working” and “not going anywhere”.

Pharmacy guild taps its favourite economist

It isn’t the first time the guild has turned to Henry Ergas for this kind of work.

  • Myriam Robin
Dr Aniss Chami, CEO of Vitex Pharmaceuticals, says xxx

Exploiting the power of clean, green ‘Australian-made’ overseas

The label ‘Australian-made’ is a big drawcard for consumers in emerging markets, helping Vitex Pharmaceuticals to a 76 per cent growth rate on the Fast Global list.

  • Prashant Mehra
Telix boss Christian Behrenbruch says the company is just getting started.

Why this CEO thinks 454pc growth in his company is just the beginning

Telix Pharmaceuticals has topped the inaugural Financial Review Fast Global list, with offshore revenue driven by the US FDA’s approval for its prostate cancer screening tool.

  • Michael Bailey
Justin Hanka, co-founder of MindBio Therapeutics with CEO Anoosh Manzoori.
MinBio Therapeutics  2023 Melbourne Photo by Eamon Gallagher

The acid test: why LSD is making a comeback

A new breed of biotech companies are reshaping traditional approaches to the treatment of mental health conditions such as depression.

  • Julie Hare