Pfizer posted fourth-quarter earnings that satisfied investors and analysts. But its guidance for 2016? Not so much.
When Pfizer snatched up Hospira last year for $15 billion, the pharma giant said that it didn't have any plans to abandon Hospira's device business once the deal closes. But now Pfizer is having a change of heart, weighing an option to sell Hospira's pump and devices unit as Hospira struggles with its beleaguered business.
Pfizer has been contemplating a large-scale breakup for a while, with analysts expecting the company to split off its established drugs business once it integrates assets from last year's $15 billion Hospira buy. Now, with its Hospira purchase under its belt, the company is thinking about selling off the pumps and devices business it picked up through the deal, potentially laying the foundation for a spinoff.
Hospira has recalled one lot of magnesium sulfate in water for injection following a report of an incorrect barcode on the primary bag labeling, according to the FDA.
With one biosim already on the U.S. market, and more poised for a 2016 liftoff, next year will give drugmakers and payers a taste of the biosim contest to come.
Remsima, a biosimilar of Johnson & Johnson's Remicade from Pfizer's Hospira and partner Celltrion, is tearing it up in Europe. But don't expect things to play out the same way in the U.S., a Bernstein analyst says.
Hospital pharmacy folk understand supply and demand and realize that when there is a shortage of the generic injectables drugs they routinely use, a big price hike is coming. What they don't get is why when another supplier jumps into the market, prices come down little, if any.
In response to U.S. senators who have asked the FTC to look into whether saline producers have used the shortage to unfairly raise prices and push the sales of tubes and pumps, Baxter International and Hospira, two of the key U.S. suppliers of saline, say they have gone to extraordinary effort to deal with the solution shortage that has bedeviled the industry for two years.
A two-year shortage of saline solutions has had the attention of hospitals that have had to sometimes ration a product they once took for granted. But it has now caught the attention of some U.S. senators who are asking the FTC to look into whether saline producers have using it to unreasonably jack up prices.
Hospira recalled 661,000 bags of sodium chloride at the first of the year after a customer discovered a human hair in the additive port area of a bag. That recall has now bled into products of a Hospira client that used some of the solution to compound a bunch of drugs for its customers.