Page 11 - Array Biopharma News Today

Alaric DeArment THOUSAND OAKS , Calif. Amgen has obtained exclusive rights to a program for investigational Type 2 diabetes drugs, the biotech company announced. Amgen will pay Array BioPharma $60 million upfront plus milestone payments for the program, which covers a class of pharmaceutical drugs called glucokinase activators and includes ARRY-403, currently in phase 1 clinical trials. Array will be responsible for completing the ARRY-403 trial and will have the option to co-promote the drug i...

Share this The big pharmaceutical companies have always tended to generate a somewhat mixed response when discussed in the wider context of stock picking. The sector has had a fairly unremarkable few years, dominated largely by the likes of the big guns of Pfizer, Roche, Novartis, Merck, Johnson & Johnson, GlaxoSmithKline and AstraZeneca, which accounted for about a third of total revenue in the sector in 2019. The publicity that pharma has had hasn’t been particularly positive, with scandals...

12/18/2020 9:20:06 AM GMT The big pharmaceutical companies have always tended to generate a somewhat mixed response when discussed in the wider context of stock picking. Usually viewed through the lens of being defensive and boring, their PR in recent years hasn’t been particularly positive, with accusations of price gouging as far back as the 2016 Presidential election campaign when Democrat nominee Hillary Clinton pledged to rein in the sector after an outcry over the CEO of Mylan who gradu...