HBW Insight is part of Pharma Intelligence UK Limited

This site is operated by Pharma Intelligence UK Limited, a company registered in England and Wales with company number 13787459 whose registered office is 5 Howick Place, London SW1P 1WG. The Pharma Intelligence group is owned by Caerus Topco S.à r.l. and all copyright resides with the group.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction

GSK buying Reliant

This article was originally published in The Tan Sheet

Executive Summary

GlaxoSmithKline gains Reliant Pharmaceuticals' cardiovascular drug portfolio, including an Rx omega-3-acid ethyl esters product, Lovaza, with its $1.65 billion acquisition of the privately held U.S. firm, according to a Nov. 21 release. Liberty Corner, N.J.-based Reliant generated net sales of $341 million from January through September 2007, a 62 percent increase from the same period in 2006, the firms say. While it is subject to Federal Trade Commission approval, the firms expect the deal to close by year-end. Reliant acquired U.S. rights to Lovaza, which was formerly known as Omacor, from Abbott Labs' Ross Products Division (1"The Tan Sheet" Nov. 29, 2004, p. 10). U.S. sales of the product increased 115 percent in the first nine months of 2007 to $206 million, according to Reliant. However, data submitted by Reliant and Ross on use of the omega-3-acid ethyl esters product along with statins were inadequate to support an indication for combination use, according to FDA (2"The Tan Sheet" March 7, 2005, p. 19)...

You may also be interested in...



GSK Consumer Unit Holds Promise In 2008 As Rx Division Faces Challenges

GlaxoSmithKline sees consumer health care as a major opportunity in 2008 as its pharmaceutical division faces setbacks from increased generic competition and safety concerns surrounding the diabetes drug Avandia

Omacor Data Inadequate To Support Use With Statins, FDA Says

Reliant/Ross' data on combined use of its triglyceride-lowering therapy Omacor with statins were inadequate to support an indication for combination use, FDA review documents state

Abbott’s Omacor Brings Omega-3s To Rx Drug Market As Adjunct Therapy

Abbott Lab's prescription drug Omacor is the first omega-3 fatty acid product to gain FDA approval as a new molecular entity

Topics

Latest News
See All
UsernamePublicRestriction

Register

RS138517

Ask The Analyst

Ask the Analyst is free for subscribers.  Submit your question and one of our analysts will be in touch.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel