Search This Blog

Monday, January 17, 2022

Groups slam Philip Morris, but the Vectura deal has precedent

 Six respiratory health societies have slammed the recent takeover by Philip Morris of the UK drug delivery biotech Vectura, but the move, seeking to prevent tobacco companies from benefiting from such acquisitions, comes somewhat late to the game. Friday’s joint statement bans employees of tobacco-owned companies from featuring data in journals or meetings run by the European Respiratory Society, American Thoracic Society, International Union Against Tuberculosis and Lung Diseases, Asian Pacific Society of Respirology, Asociación Latino Americana De Tórax, and Global Initiative for Asthma. No products of tobacco-owned companies will be promoted at the groups’ future scientific meetings or co-sponsored conferences. This mirrors a similar stance taken by the British Thoracic Society, which last month ran an editorial entitled “Vectura and Philip Morris: the leopard has not changed its spots”. This could discourage moves such as BAT setting up a biotech business, Kbio, to use a plants to develop treatments for rare and infectious diseases. However, tobacco companies like Japan Tobacco have a long history of investing in drug development. Philip Morris itself has held a stake in Medicago, a Canadian player seeking to enter Covid vaccine business, since 2008, and last year bought Fertin Pharma and Oti-Topic too.

A history of drug development: selected projects with tobacco company involvement
ProjectIndicationStatusCurrent ownerOriginator
Vitekta (elvitegravir)HIVMarketedGilead SciencesJapan Tobacco
MekinistMelanomaMarketedNovartisJapan Tobacco
Enaroy (enarodustat)Chronic kidney diseaseMarketedTorii PharmaceuticalJapan Tobacco
FlutiformAsthmaMarketedPhilip MorrisSkyepharma
Enerzair BreezhalerAsthmaMarketedNovartis/Philip MorrisVectura
AirFluSal ForspiroCOPD/asthmaMarketedNovartis/Philip MorrisVectura
Ultibron NeohalerCOPDMarketedNovartis/Philip MorrisVectura
HualanInfluenza vaccineMarketedHualan Biological EngineeringMedicago (20% owned by Philip Morris)
MT-2271Influenza vaccineFiledMitsubishi ChemicalMedicago (20% owned by Philip Morris)
MT-2766Covid vaccineFiledMitsubishi ChemicalMedicago (20% owned by Philip Morris)
DalcetrapibHyperlipidaemiaPhase 3Dalcor PharmaceuticalsJapan Tobacco
MK-5442Osteoporosis DiscontinuedMerck & CoJapan Tobacco
MEDI-570CancerDiscontinuedAstrazenecaJapan Tobacco
BradaniclineSchizophreniaDiscontinuedCatalyst BiosciencesTargacept (RJ Reynolds spin-out)
TC-6987AsthmaDiscontinuedCatalyst BiosciencesTargacept (RJ Reynolds spin-out)
Source: Evaluate Pharma.

https://www.evaluate.com/vantage/articles/news/policy-and-regulation-snippets/groups-slam-philip-morris-vectura-deal-has

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.