Posted by djmmm on April 23, 2002, at 19:35:12
UK's SkyePharma Says Glaxo Launches Antidepressant
LONDON (Reuters) Apr 19 - British drug delivery firm SkyePharma Plc said on Friday that GlaxoSmithKline Plc had launched a new, controlled-release version of its Paxil treatment for depression using SkyePharma's technology.
Fear of generic competition has led Glaxo to search for new formulations of Paxil, the world's seventh best selling drug and its top-grossing product with sales of $2.7 billion last year.SkyePharma, which expects to join the elite clubs of profit-making biotechnology firms this year, said it would receive a milestone payment, which it did not disclose, following the launch of Paxil, and would get ongoing royalty payments on net sales.
poster:djmmm
thread:103936
URL: http://www.dr-bob.org/babble/20020416/msgs/103936.html