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- 2026-04-28 01:22:09
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- Mitsubishi Tanabe Pharma sold to private equity fund
- by Whang, byung-woo Feb 11, 2025 06:02am
- The sale of Japanese pharmaceutical company Mitsubishi Tanabe Pharma to a global private equity firm is expected to bring changes to its Korean branch as well. Although the company is being sold, it is not being sold by business unit, so its effect on the overall market is expected to be small. Rather, the sales are expected to increase support for the company and add strength to its market expansion activities. According to industry sources on the 11th, global private equity firm Bain Capital signed an agreement with Mitsubishi Chemical, the parent company of Mitsubishi Tanabe Pharma, to acquire Mitsubishi Tanabe Pharma. The transaction is valued at approximately ¥510 billion (KRW 4.9 trillion) and will be in a carve-out transaction from its parent Mitsubishi Chemical Group. Carve-out deals typically involve a company evaluating and selling off a specific business unit to raise capital and improve operational efficiency. This involves creating a structure that allows the business unit to operate independently and then selling it off. The advantage for investors is that a standalone business unit has greater growth potential and offers the opportunity to become more competitive in the market. In fact, this transaction was reportedly decided by parent company Mitsubishi Chemical Group to improve management efficiency and focus on its core business. Mitsubishi Chemical Group decided to exit its pharmaceuticals division as part of a reorganization of its business portfolio due to deteriorating profitability in recent years. As the pharmaceutical division requires long-term investment due to its high research and development (R&D) costs, the group has reportedly decided to prioritize and focus on its core chemicals business. Mitsubishi Tanabe Pharma has garnered attention for its successful sales of ALS drug Radicava in the U.S. market, but the limited exclusivity period in the U.S. until 2029 has raised concerns about the company’s long-term growth. As a result, the company needed new investments and strategies to develop additional new drugs and expand its global reach. However, there are predictions that the acquisition will not drive major change as it is not a spin-off. Instead, the company’s focus will be on market expansion as a standalone company. In this regard, Bain Capital has stated that it will acquire Mitsubishi Tanabe Pharma and strengthen the company's R&D capabilities, and support its global market expansion strategy. “We will actively support Mitsubishi Tanabe Pharma to continue its innovation as an independent company and explore new growth opportunities,” said Bain Capital. However, the sale is expected to have some impact on the Korean market. Mitsubishi Tanabe Pharma Korea has been supplying various treatments in Korea and generated about KRW 70 billion in sales last year. Pic of Uplizna The company took active steps last year to secure new growth engines, such as starting the domestic marketing authorization process for the ALS (Amyotrophic Lateral Sclerosis) drug Radicava (edaravone) and initiating the insurance reimbursement process for the optic neuromyelitis drug Uprisna. However, the sale may result in adjustments to its product supply schedule and new drug launch strategy in Korea. Bain Capital and Mitsubishi Chemical plan to finalize the process in the third quarter. Even if Mitsubishi Tanabe Pharma Korea’s business remains intact, there is a possibility of delays in approval and reimbursement discussions, given the administrative procedures. “All the details that were shared internally, including the sales of the business division, were not much different from the global announcement. So although the company’s name will change, I don't think there will be any major changes,” said an industry official. He added, “However, as Bain Capital has expressed its intention to make aggressive investments in the pharmaceutical division, which has been suffering due to funding difficulties of its parent company, there are some positive expectations as well."
- Company
- OliX licenses out RNA-based MASH drug technology to Lilly
- by Feb 10, 2025 05:50am
- OliX, a company developing RNA-based new drugs, has transferred its metabolic dysfunction-associated steatohepatitis (MASH) and obesity drug candidate to the multinational pharmaceutical company Eli Lilly. On the 7th, OliX announced that it had signed a joint development and technology export agreement with Lilly for its MASH and obesity drug candidate 'OLX75016 (OLX702A)'. The total contract size is USD 630 million (about KRW 911.7 billion). The amount is the sum of the upfront payment and the development and commercialization milestones based on clinical progress. Details such as the proportion of the upfront payment were not disclosed. Under the agreement, OliX will continue with the Phase 1 clinical trial of OLX75016. Lilly will be responsible for other research, development, and commercialization. The agreement includes a provision that, upon signing, OliX will grant an exclusive license to Lilly. Specifically, if OliX develops a treatment that targets the 'MARC1' gene and one or more other genes involved in MASH simultaneously, Lilly will have priority rights to that treatment. The company explained that the total size of the contract could increase or exclusive negotiations could be conducted according to the clinical progress. OLX75016 is a candidate for the treatment of obesity and MASH, which is based on double-stranded small interfering RNAs (siRNA) technology. OLX702A is being developed as a subcutaneous injection formulation for the treatment of obesity that is administered once every 3 months. Results of OLX702A in obese animal model (Source: OliX) OliX is currently conducting a Phase I trial in Australia for OLX75016. It began administering the first patient for the Phase I trial in February last year. In May of the same year, it completed a change in the clinical trial protocol to add patients with nonalcoholic fatty liver disease (NAFLD) to the trial subjects to ensure safety and preliminary efficacy. The company aims to complete the first phase of clinical trials this year. OliX previously confirmed the effects of OLX702A on improving fatty liver and liver fibrosis and weight loss in preclinical studies. OliX also confirmed the weight loss synergistic effect when OLX702A in combination with Lilly's ‘Zepbound’ in a high-fat diet obesity mouse model. Zepbound is a dual agonist that simultaneously activates the glucagon-like peptide-1 (GLP-1) receptor and the Glucose-dependent insulinotropic polypeptide (GIP) receptor.
- Company
- Bayer Korea marks 70th year, preparing for 100-yr milestone
- by Whang, byung-woo Feb 10, 2025 05:50am
- Bayer Korea, celebrating its 70th year in business in the Korean market, is preparing for the next leap toward the 100th year. The company plans to enhance the capacity of treatments already launched in the market and its new growth driver pipeline, aiming for long-term and continuous business growth. Additionally, as the importance of the ESG business has been stressed, the company pursues sustainable business by setting specific directions. Bayer launched in South Korea after the Korean war…Bayer known for Aspirin Bayer Korea, the South Korean subsidiary of the global life sciences company Bayer, entered the Korean market in 1955, starting with its crop protection business. In the 1950s, during the post-Korean War period when food shortages were severe, Bayer Korea collaborated with Dongbu Farm Hannong (previously, Korean Agricultural Association) to enhance agricultural productivity. The company’s primary focus was providing various crop protection products to improve crop yields. In the 1960s, Bayer products began manufacturing in South Korea through a technology partnership with Hanil Pharmaceutical. This period marks the introduction of Bayer products into the Korean market. The representative product at the time was aspirin, a widely used pain reliever with over 120 years of history. Historical records also indicate that Bayer contraceptives were distributed to public health centers in South Korea. Bayer's full-scale business expansion took place in 1972 with the establishment of Bayer Pharmaceuticals Korea. The company acquired 30 locally produced products from Hanil Pharmaceutical, including Bayer Aspirin, extending its business into the healthcare sector. In 1989, Bayer Korea was officially established as a corporation. Entering the 2000s, the company expanded its portfolio through successive mergers and acquisitions, including Aventis CropScience, Roche's OTC division, Schering Korea, MSD Consumer Care, and Monsanto. These acquisitions solidified Bayer Korea's position as a leading global life sciences company with a broader and more advanced product lineup. Bayer As of February 2025, Bayer Korea holds a total of 62 pharmaceutical products, including prescription and over-the-counter (OTC) medications. One of Bayer Korea's key products in recent years is Eylea (aflibercept), a treatment for age-related macular degeneration (AMD). In 2023, Eylea is a blockbuster medication that generated KRW 96.8 billion in sales in South Korea. However, the company faces increasing competition from next-generation therapies and biosimilars that challenge Eylea's market dominance. Expanding sales growth remains one of Bayer Korea's concerns. Based on the company report, Bayer's sales for the past four years amounted to ▲ KRW 332.6 billion in 2020 ▲ KRW 340.1 billion in 2021 ▲KRW 358.0 billion in 2022 ▲ KRW 347.6 billion in 2023. Bayer Korea entered the Korean market in 1955 and its current corporation was established in 1989 Bayer in need of a new growth driver…prepares for a new generation of pharmaceuticals As the pharmaceutical landscape continues to evolve rapidly, Bayer has been transitioning into a more agile organization since last year to adapt to environmental changes quickly. An agile organization breaks down departmental barriers, forming multifunctional teams integrating marketing·sales·operations within the same division. This structure enables greater flexibility and responsiveness to meet the demands of a fast-changing market environment. A Bayer Korea representative said, "Bayer Korea has been focusing on strengthening the foundation for collaboration among employees to build a better future together." One of the most significant changes for Bayer Korea is the appointment of JinA Lee as the company’s first Korean CEO since its entry into the Korean market. Lee's appointment highlights the increasing importance of the Korean market and its strong R&D ecosystem, including early- and late-stage clinical trials and real-world data (RWD) studies. Bayer Korea A notable achievement under Lee's leadership is Kerendia, ranked second in outpatient prescription sales among products that received reimbursement in 2024, making a strong debut in its first year as a reimbursed drug. Additionally, high-dose Eylea (8mg), which extends dosing intervals to 20 weeks, entered the reimbursement list earlier than expected in October last year, helping Bayer maintain its influence in the retinal disease market. Also, Verquvo, a heart failure treatment, is established as part of a new generation of therapies, securing Bayer's future growth. This year, Bayer Korea plans to address unmet medical needs in the Korean market and improve patient access to innovative drugs, such as Nubeqa, which has strong market potential. A Bayer Korea representative stated, "In the healthcare sector, Bayer is committed to delivering innovative products and services through research and development that spans disease diagnosis to prevention and treatment. We are strengthening our expertise in cardiovascular, renal, and oncology treatments while expanding into new therapeutic areas with novel treatment options to ensure continuous growth." Bayer Korea aims for the next leap, focusing on 'sustainable mangagement' Bayer Korea, as it celebrates its 70th anniversary, focuses on 'sustainability' for long-term success. In addition to corporate social responsibility activities, the company is committed to sustainable organizational growth, driven by employee-led campaigns. According to Bayer Korea’s report released in December, the company is actively engaged in activities aligned with its four sustainable development goals: ▲Ending hunger ▲Healthcare ▲Climate change response ▲Gender equality and diversity. For instance, the company pursues hunger relief efforts through a partnership with World Vision, supporting underprivileged children through the "Love Lunchbox" volunteer program. This initiative has been expanded into a year-long challenge, where a team of seven employees participates monthly in preparing meal ingredients, cooking, packaging, and cleaning up. Bayer Korea Additionally, volunteer activities such as an art contest for individuals with developmental disabilities, the Unity Marathon with visually impaired participants, and the Proper Disposal of Expired Medicines Campaign were conducted last year. Lee stated, "Bayer Korea's sustainability report holds the greatest significance not in the scale of its outcomes but in our employees' voluntary and active participation. Through this initiative, we have collectively shared Bayer's vision and goals across the company, systematically organized our achievements, and laid the groundwork for developing more advanced strategies in the future." Lee added, "Bayer Korea is undergoing a transitional phase as we introduce a new generation of pipeline products. We aim to successfully establish these new treatments in the market to improve patients' lives while building a strong foundation to develop further innovative therapies."
- Company
- New TED drug 'Tepezza' under review for marketing approval
- by Eo, Yun-Ho Feb 10, 2025 05:50am
- Product photo of The commercialization of 'Tepezza,' a targeted treatment for Thyroid Eye Disease, is expected. According to industry sources, the Ministry of Food and Drug Safety (MFDS) is reviewing the approval of the Thyroid Eye Disease (TED) treatment, Tepezza (teprotumumab). This drug was designated as an orphan drug in South Korea in August 2024. Tepezza is indicated for the 'treatment of adult patients with moderate to severe TED.' Tepezza is a monoclonal antibody that is designed to target insulin-like growth factor (IGF-1) receptor. It is an antibody drug administered once every three weeks (total of eight doses). Tepezza was approved by the US Food and Drug Administration (FDA) through the fast track program in January 2020. It was approved in Japan recently. This drug was initially developed by the Irish pharmaceutical company, Horizon Therapeutics. Then, Amgen acquired Horizon Therapeutics in 2022 and secured the sales right of the drug. The patients with TED who participated in the Tepezza clinical trial received an infusion of Tepezza or a placebo every three weeks for a total of eight infusions. In the OPTIC Phase 2 clinical trial, a total of 121 patients with chronic TED who have Clinical Activity Score (CAS) of greater than 4 and duration of illness under 9 months. Among the study participants, the number of patients of age greater than 40 was 99, and the average age was 54.5 years. Female participants over 40 accounted for 72.7% and diplopia was identified as 74.7%. The number of patients aged under 40 was 22, and the average age was 32.8 years. Female participants less than 40 accounted for 59.1%, and diplopia was identified in 68.2%. Based on the results analyzing the treatment response of Tepezza in chronic TED patients, the proportion of those who showed treatment response of improvements in exophthalmos by over 2 mm following 24-weeks treatment was 86.4% for the 40s or below group and 79.8% for the 40s or higher group. There was no statistical difference between these two groups. Meanwhile, Tepezza is regarded as having changed the treatment of TED. Before the introduction of Tepezza, steroids and orbital decompression surgery were the only options for the TED treatment. While steroids may reduce inflammation, they also pose concerns regarding adverse responses and the risk of relapse if patients discontinue the treatment. Orbital decompression surgery may result in complications.
- Company
- Will Keytruda’s reimbursement standards be set this time?
- by Whang, byung-woo Feb 07, 2025 05:52am
- Keytruda, for which MSD had submitted reimbursement applications to extend its coverage to 17 indications, is gaining industry attention as it is expected to be presented to the Cancer Disease Deliberation Committee for the first time this year. Pic of Keytruda According to industry sources, MSD Korea's Keytruda (pembrolizumab) will be presented to the Korea Health Insurance Review and Assessment Service's Cancer Disease Deliberation Committee (CDDC) on the 12th. Keytruda received a redeliberation decision for the two indications of gastric cancer at the 9th CDDC meeting in December. There were hopes that a conclusion could be reached last October when MSD Korea submitted a new financial sharing proposal to expand coverage to 17 indications, including gastric cancer, but the year had passed with no solid results. In particular, there were various interpretations of the fact that only the 2 additional gastric cancer indications were discussed at the CDDC meeting, as the company applied for coverage of 17 indications. However, with Keytruda expected to be presented at the first CDDC meeting this year, industry eyes are on whether the tables will turn this time. Keytruda is currently approved in 33 indications for 17 different cancers and has applied for reimbursement for 17 of those indications. After applying for reimbursement for 13 indications in 2023, the company added four more indications last year: ▲ MSI-H gastric cancer, ▲MSI-H biliary tract cancer, ▲HER2-positive gastric cancer, and ▲HER2-negative gastric cancer. The issue is how CDDC will view MSD's proposed fiscal sharing plan. It is understood that the agency has asked MSD to provide additional data beyond its financial sharing plan. Given that the last review only discussed gastric cancer, it will be interesting to see how the government will regard the cost burden of applying the additional reimbursement to the 17 indications. At this point, it is unlikely that the CDDC will pass or fail review for individual indications. The CDDC had reviewed all indications at the same time, with the exception of the gastric cancer indication, which was added last December after MSD filed for Keytruda's reimbursement in bulk. This means that the decision is likely to be an all-or-nothing proposition. This has led some to speculate that MSD may take on a different strategy if Keytruda's reimbursement extension is not approved in this CDDC review. While there are advantages to applying for reimbursement extensions for many indications at once, the downside is that it is difficult to get feedback on individual indications. Considering how even if the application passes CDDC review, there are still procedures such as the Drug Reimbursement Evaluation Committee and the National Health Insurance Service’s drug pricing negotiations, MSD may well worry about the lack of progress if there is no change in its third year of application. “As it has been three years since MSD applied for the reimbursement extension, MSD would be contemplating on setting a specific strategy to overcome the current situation,” said an industry official. ”As MSD has stated that it submitted the reimbursement for multiple indications at once to not marginalize certain cancer types, I expect there will be discussions on various strategies depending on the results of the upcoming CDDC review.”
- Company
- Will the non-reimb status of 'Padcev' change this year?
- by Eo, Yun-Ho Feb 07, 2025 05:51am
- Product photo of PadcevThe industry is paying attention to the progress of reimbursing monotherapy·combination therapy of 'Padcev,' the new ADC drug for bladder cancer. Astellas Korea's Antibody-Drug Conjugates (ADC) Padcev (enfortumab) is expected to be considered for the Cancer Disease Review Committee of the Health Insurance Review and Assessment Service (HIRA) in February. At the end of last year, Astellas applied for reimbursement of Padcev for the monotherapy of adult patients with locally advanced or metastatic urothelial carcinoma who had previous experience with platinum-containing chemotherapy or PD-1 or PD-L1 inhibitors, and also applied for reimbursement of Padcev in combination with Keytruda (pembrolizumab), a PD-1 inhibitor, as a first-line treatment of advanced or metastatic urothelial carcinoma. The monotherapy passed the Cancer Disease Review Committee in February 2024 but after the economic evaluation, its reimbursement is being postponed due to disagreement between the government and the pharmaceutical company over the cost-effectiveness. Astellas plans to submit a supplement of the monotherapy while applying for reimbursement of the combination therapy. Padcev is recommended as a Category 1 preferred treatment option in the National Comprehensive Cancer Network (NCCN), and a novel treatment option for patients with urothelial cancer who have disease progression or relapsed following cancer immunotherapy and platinum-containing chemotherapy and are not eligible for previous standard-of-care treatment options. In South Korea, Padcev was approved in March 2023 as a monotherapy for patients with locally advanced or metastatic urothelial cancer who had previous experience with platinum-containing chemotherapy or PD-1 or PD-L1 inhibitors. Consequently, the industry is closely monitoring whether the status of Padcev, which remained a non-reimbursed drug for two years following its domestic approval, will change. Astellas representative stated, "Padcev combination therapy has changed the paradigm of the first-line treatment of metastatic urothelial carcinoma after 30 years and a demonstrated therapy with superior clinical benefits. We will strive to closely talk with the government and interested parties so that Korean patients with metastatic urothelial carcinoma receive benefits." The efficacy of Padcev monotherapy was demonstrated through the global EV-301 Phase 3 clinical study, which compared Padcev to existing chemotherapy in 608 patients with locally advanced or metastatic urothelial cancer who had previous experience with platinum-containing chemotherapy or PD-1 or PD-L1 inhibitors. The study results have shown that Padcev treatment lowered the death risk by approximately 30% compared to the existing chemotherapy, and the Padcev treatment group had a median overall survival (OS) of 12.9 months, significantly improving the OS compared to the 9.0 months of those treated with chemotherapy. The efficacy of Keytruda combination therapy was demonstrated through the EV-302 clinical study presented during the 2023 Congress of the European Society for Medical Oncology (ESMO Congress 2023). EV-302 is a randomized Phase 3 clinical study evaluating the effectiveness of Padcev+Keytruda combination therapy compared to platinum-based chemotherapy in 886 patients in 25 countries. Based on the study, at the median follow-up of 17.2 months, the patients had a median OS of 31.5 months, extending the OS by approximately twofold compared to the platinum-based chemotherapy group, and reduced death risk by 53%.
- Company
- CKD to distribute·sell Bayer's 'Nexavar'·'Stivarga' in KOR
- by Kim, Jin-Gu Feb 07, 2025 05:51am
- Product photo of Stivarga Chong Kun Dang Pharm announced on February 6 that it has signed an exclusive sales agreement with Bayer Korea for the advanced hepatocellular carcinoma treatments 'Nexavar (sorafenib)'·'Stivarga (regorafenib).' Based on this contract, Chong Kun Dang Pharm will be responsible for exclusive distribution·sales·marketing of Nexavar and Stivarga at hospitals and clinics, starting in February. Nexavar and Stivarga are targeted treatments for hepatocellular carcinoma. The effectiveness and safety of these drugs were demonstrated through various clinical trials. In 2018, insurance reimbursement for Stivarga was expanded, allowing it to be used as a second-line treatment for hepatocellular carcinoma in South Korea. Consequently, using Nexavar as a first-line treatment followed by Stivarga as a second-line treatment is now established as a reimbursable consecutive treatment option. Young-Joo Kim, CEO at Chong Kun Dang Pharm, said, "Chong Kun Dang Pharm has been enhancing its expertise in anticancer drugs, recently establishing a dedicated anticancer drug division." Kim added, "With a stronger portfolio that includes the exclusive distribution of Nexavar and Stivarga, we expect further to expand our presence in the domestic anticancer market." JinA Lee, CEO at Bayer Korea, said, "Based on long-established trust between both companies, we are pleased to distribute the Bayer products with Chong Kun Dang Pharm with distinguished competitiveness in the anticancer drug area." Lee added, "Based on the partnership, we hope to contribute to improving the quality of life of Korean patients with liver cancer by efficiently providing treatment options, such as Nexavar and Stivarga." Chong Kun Dang Pharm and Bayer Korea have been co-selling the antibiotics, 'Ciprobay' and 'Avelox' since 2005 and 'Kerendia,' a treatment for chronic kidney disease in adults with type 2 diabetes, since 2024. Also, they have established a successful partnership with Chong Kun Dang Pharm, which exclusively distributes Bayer Korea's 'Aspirin Protect' and 'Adalat OROS SR Tab,' which are treatments for cardiovascular diseases.
- Company
- ‘Leqvio reduces LDL-C with twice-yearly dose’
- by Son, Hyung Min Feb 07, 2025 05:51am
- While the “the lower, the better” mantra in LDL-cholesterol (LDL-C) treatment is gaining traction around the world, achieving and maintaining target levels is challenging due to the patients’ poor adherence to existing therapies. In the United States, 50% of patients who are prescribed statins stop taking them within one year, and only 5% remain on treatment after 5 years. Long-term management of LDL-C is crucial, but the burden of traditional oral medications has been leading to poor patient adherence, which is why demand has been rising for new treatment options that can address this unmet need. Dr. Michael D. Shapiro. Profesosr of Cardiology at Wake Forest University School of Medicine Michael D. Shapiro. Professor of Cardiology at Wake Forest University School of Medicine explained that the siRNA therapy Leqvio could serve as an alternative in this aspect, at a recent meeting with Dailypharm. Leqvio uses siRNAs that are naturally present in the body to reduce LDL-C in the blood by inhibiting the production of the PCSK9 protein, which raises LDL-C. SiRNAs work by binding in a sequence-specific manner to messenger ribonucleic acids (mRNAs) that make disease-causing proteins and then degrade them to block the underlying cause of the disease. Through RNA interference, siRNA causes the degradation of PCSK9 mRNA, which inhibits protein production. When PCSK9 is inhibited, increased low-density lipoprotein receptors (LDLRs) on the cell surface bind LDL-C and reduce LDL-C levels in the blood. Leqvio was approved in the U.S. in December 2021 and has been available since 2022. In Korea, it was approved last year for the treatment of heterozygous familial hypercholesterolemia (HeFH) in patients with atherosclerotic cardiovascular disease (ASCVD) or at risk of ASCVD and has been gradually being used in the field. Leqvio’s greatest strength is its ease of administration. Leqvio can be administered twice a year for effective LDL-C control, compared to daily oral medications or biweekly injections. Professor Shapiro believes that Leqvio will allow more patients to benefit from effective LDL-C reduction. High LDL-C levels are associated with increased cardiovascular risk...“Expectations rise on the use of Leqvio” Cardiovascular disease is the number one cause of death worldwide, and LDL-C management has become an important goal in ASCVD as lowering LDL-C is associated with a lower risk of cardiovascular disease. However, only 24.4% of Korean patients with ASCVD achieved their LDL-C goal, and about 78% of Korean patients with acute myocardial infarction did not achieve their LDL-C goal within 1 year after myocardial infarction. Adherence is also one of the challenges of LDL-C treatment. Patients need to take medication for the rest of their lives to treat LDL-C, but adherence is difficult to maintain. U.S. data shows that 50% of patients stop taking statins within 1 year of being prescribed them, and only 5% remain on treatment at 5 years. “There has been rising hope that siRNA therapies may address the unmet need for adherence in patients with dyslipidemia,” said Professor Shapiro. In particular, Leqvio has the potential to change the landscape of LDL-C treatment with its ability to effectively lower LDL-C and maintain lower levels for longer with twice-yearly dosing.” In three Phase III studies in patients diagnosed with primary hypercholesterolemia, mixed dyslipidemia, or at-risk or heterozygous familial hypercholesterolemia, Leqvio demonstrated LDL-C reductions of up to 52% compared to placebo. In particular, the drug demonstrated 60.5% lower LDL-C compared to placebo in the ORION-18 study in Asian patients, 24% of which were Koreans. “Leqvio may be considered for patients who are not achieving adequate LDL-C control with the maximum tolerated dose of statin,” said Professor Shapiro. “The efficacy and safety of Leqvio in clinical studies have been consistent in real-world practice. The LDL-C reduction effect has been high, around 50%.“ Twice-yearly dosing a major strength...”We need to improve patient access” Leqvio’s twice-yearly dosing regimen dramatically increases the interval between doses compared to oral statins, ezetimibe, and other injectables that require daily dosing. The next hurdle is reimbursement. Novartis, Leqvio’s developer, has reportedly begun reimbursement discussions with the government. “It's not just about lowering LDL-C, it's about maintaining lower LDL-C levels for a longer period of time,” said Professor Shapiro. As LDL-C increases, the risk of cardiovascular disease increases, so we need to improve the care setting to allow consideration of aggressive treatment early on.” However, the burden of cardiovascular disease is underestimated in general due to a lack of understanding of its risk. For example, once a patient suffers a heart attack, there is a high likelihood of heart failure, and the prognosis is much worse than cancer, yet there is a lack of awareness of the seriousness of the disease. “It is important to actively manage LDL-C with drugs as soon as possible,” said Professor Shapiro. In Korea, cardiovascular disease is the second leading cause of death, but it can change to take the lead anytime, so we want to create an environment where people can manage their disease more actively,” said Dr. Shapiro. “Patients with familial hypercholesterolemia have very high cholesterol levels from birth, and if not diagnosed and treated early, they can experience cardiovascular disease at a young age. Statin and ezetimibe therapy alone is not enough, so Leqvio’s effect in achieving and maintaining stable LDL-C reductions renders the drug a quite significant treatment option.”
- Company
- China rises as global R&D leader, K-bio not in top 50
- by Cha, Jihyun Feb 06, 2025 05:57am
- The R&D investment gap between Korean biopharmaceutical companies and Big Pharma is increasing. Analysis suggests that Korean companies must seek measures to respond to competition for next-generation technology as the R&D investment centers around the United States and China. On February 5, the Korea Chamber of Commerce and Industry (KCCI) announced the results of analyzing analyzed the top 2,000 companies as part of the 2024 EU Industrial R&D Investment Scoreboard report, which was reported on December 2024 by the EU Joint Research Centre. According to the results, the United States ranked No.1 in both the number of companies and investment amount in the 2023 list of top 2,000 companies for R&D investment worldwide. The number of US companies included in the top 2,000 companies for R&D investment totaled 681. In 2023, the US accounted for 42.3% of the investment amount, totaling EUR 531.9 billion. Table: Top 10 countries by the number of companies and investment amount in the 2023 list of top 2,000 companies for R&D investment worldwide. Notably, China's growth rate last year was outstanding. In 2023, China ranked No.2 with 524 companies and an investment amount of EUR 215.8 billion. Compared to the 2013 record, 119 companies and EUR 18.8 billion, the number of Chinese companies added to the top 2,000 companies increased to 405 and the investment amount increased 11.5-fold over 10 years. Out of the top 10 countries, China is the only country that has continuously increased both the number of companies and investment over 10 years. Analysis suggests that the investment trend tipped toward the US, an unchallenged No.1, and China, with robust growth. The number of US and Chinese companies included in the top 2,000 R&D investments totaled 1,205, which accounts for 60.3%. The net R&D investment amount is EUR 747.7 billion, close to 59.5%. The number of Korean companies on the list decreased from 54 in 2013 to 40 in 2023. However, South Korea maintained No.8 in rank, defending the position relatively well. As per the investment amount, South Korea ranked No.7 in 2013 with EUR 19.3 billion, then increased to No.5 with EUR 42.5 billion in 2023. For pharmaceutical companies, Big Pharma's investment showed marketed increases. Compared to 10 years before, the R&D investment increases were 3.4-fold for the US-based Gilead Sciences, 3.1-fold for AbbVie, 3.1-fold for Bristol Myers Squibb, and 3-fold for AstraZeneca. Following the COVID-19 pandemic, R&D investment increased significantly. Big Pharma Among Korea's biopharmaceutical companies, Hanmi Pharmaceutical invested the most in R&D. R&D investment over 10 years increased twofold. Hanmi Pharmaceutical's R&D investment increased from EUR 70 billion in 2023 to EUR 130 billion in 2023. The top 50 companies included Roche, Johnson & Johnson, Merck, Pfizer, AstraZeneca, Eli Lilly, Bristol Myers Squibb, Oracle, Novartis, Sanofi, AbbVie, GSK, Siemens, Boehringer Ingelheim, Bayer, Gilead Sciences, and Takeda Pharmaceutical. No Korean biopharmaceutical companies were listed among the top 50 out of the 2,000 ranked companies. Among the top 40 of 2,000 ranked companies, Korean companies included Hanmi Pharmaceutical, GC Corp, Daewoong, Daewoong Pharmaceutical, Yuhan Corp, Celltrion, Chong Kun Dang, and Ildong Pharmaceutical. Hanmi Pharmaceutical, which ranked first in R&D investment, was followed by GC Holdings with EUR 126 million, Daewoong with EUR 124 million, and Yuhan Corporation with EUR 116 million in R&D. Kim Hyun-soo, head of the KCCI's Economic Policy Team, said, "As the introduction of China-based Artificial Intelligence (AI) start-up's DeepSeek shocking the world shows, the competition between companies over the industry's leading technologies intensifies." Kim added, "South Korea must enhance R&D through tax supports, such as increasing tax exemption for investing in the next-generation R&D facilities, a measure under review in the National Assembly, and increasing the deduction rate for basic R&D."
- Company
- Baxter’s Renal Care Unit spinoff Vantive is launched
- by Whang, byung-woo Feb 06, 2025 05:56am
- With the acquisition process complete for Baxter's Renal Care business, it has newly launched as Vantive, a new company specializing in kidney and life-sustaining organ therapies. The spin-off follows the acquisition of Baxter's Kidney Care business by funds managed by global investment firm The Carlyle Group. As an independent company, Vantive will focus on raising the standard of kidney and vital organ care to help patients around the world live richer, longer lives. Its strategy for advancing life-sustaining organ care will empower patients and healthcare providers to take more control of their care by helping to break down barriers to starting and maintaining treatment. In particular, Vantive will build on its 70-year legacy of innovation in kidney care to fulfill its mission of “Extending Lives, Expanding Possibilities.” “For patients starting dialysis and for caregivers struggling to save lives in the intensive care unit, it's critical to provide the right treatment at the right time,” said Chris Toth, CEO of Vantive. ”Our core focus is to support patients and caregivers in these moments by providing better choices, greater autonomy, and greater possibilities. “Vantive is ushering in a new era of innovation in life-sustaining long-term care, and we look forward to working with our 23,000 employees around the world to make a difference for millions of patients and families.” Vantive provides innovative products, digitally enhanced solutions and advanced services to support dialysis at home and in the hospital, and treatment options to support kidney and vital organ function in critically ill patients. Patients in more than 100 countries around the world use Vantiv's solutions and services more than one million times every day, representing an opportunity to deliver more than one million improved treatment experiences every day. Through innovative integrated devices, Vantive also aims to help healthcare providers deliver care more efficiently and patients receive treatment while maintaining their daily routines. “The launch of Vantive marks a significant milestone in the continued evolution of kidney care and life-sustaining organ support,” said Kieran Gallahue, Chairman of the Board of Directors at Vantive. ”Vantive is focused on providing better connectivity, visibility, and insight throughout the patient's care journey. Robert Schmidt, Global Co-Head of Carlyle Healthcare, added, “We are excited to partner with Vantive to expand its global impact and realize sustainable growth. In this new journey, we look forward to actively supporting Vantive's ongoing innovation to improve patient access to care, quality and outcomes, and clinician efficiency.
