{"id":1071,"date":"2006-08-09T12:49:51","date_gmt":"2006-08-09T17:49:51","guid":{"rendered":"http:\/\/chimeraobscura.com\/vm\/drug-deal-2\/"},"modified":"2006-09-13T11:17:23","modified_gmt":"2006-09-13T16:17:23","slug":"drug-deal-2","status":"publish","type":"post","link":"http:\/\/chimeraobscura.com\/vm\/drug-deal-2","title":{"rendered":"Drug Deal"},"content":{"rendered":"

I know this story about the generic release of Plavix<\/a> requires some knowledge of how the pharmaceutical industry works, but it’s a really<\/em> funny tale of corporate manuevering. The CEO of the generic company (Apotex) gives an interview with the Times in which he goofs on Bristol-Myers Squibb and Sanofi-Aventis as a couple of pikers:<\/p>\n

Mr. Sherman, in a telephone interview, all but ridiculed his two big rivals, saying they had na\u00c3\u0192\u00c2\u00afvely agreed to conditions that allowed his company to bring [generic Plavix] to market even though the deal was rejected by regulators.<\/p>\n

\u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cI think they acted foolishly in a number of ways,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d said Mr. Sherman, a Toronto billionaire who amassed his fortune in the generic drug business.<\/p>\n

Mr. Sherman said that he had never expected the American government to approve the deal, but that he had conducted the negotiations in a way to let him push the Apotex drug onto the market.<\/p><\/blockquote>\n

The twist is that BMS & SA were trying to use a loophole agreement with Apotex to keep generic Plavix off the market till 2011. Instead, the deal got shot down, but its side-provisions give Apotex 5 business days to push its drug into the distribution chain before they can lodge a complaint. So Sherman’s company is trying to get as much as $1 billion in product out before any injunction can stop it.<\/p>\n

I know it’s another<\/em> business article, but you oughtta give it a read<\/a>, just for Sherman’s incredulous take on the agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"

I know this story about the generic release of Plavix requires some knowledge of how the pharmaceutical industry works, but it’s a really funny tale of corporate manuevering. The CEO of the generic company (Apotex) gives an interview with the Times in which he goofs on Bristol-Myers Squibb and Sanofi-Aventis as a couple of pikers: … <\/p>\n

Continue reading “Drug Deal”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[27,12],"tags":[],"class_list":["post-1071","post","type-post","status-publish","format-standard","hentry","category-big-business","category-pharmaceuticals"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4C7K-hh","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":1077,"url":"http:\/\/chimeraobscura.com\/vm\/follow-on","url_meta":{"origin":1071,"position":0},"title":"Follow-on","author":"Gil","date":"August 15, 2006","format":false,"excerpt":"More on that generic drug story I mentioned last week, with a biographical take on the CEO of Apotex, who outmaneuvered a pair of large drug companies really badly.","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"http:\/\/chimeraobscura.com\/vm\/category\/big-business"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":607,"url":"http:\/\/chimeraobscura.com\/vm\/patent-theft-pending","url_meta":{"origin":1071,"position":1},"title":"Patent Theft Pending","author":"Gil","date":"July 7, 2005","format":false,"excerpt":"[Here's the From the Editor page for the latest issue of my magazine]In America, the July 4th holiday involves an entertaining combination of patriotic fervor and minor explosives. As a nation, we celebrate the declaration of our independence from the one country that we now call our closest ally (supposedly,\u2026","rel":"","context":"In "Pharmaceuticals"","block_context":{"text":"Pharmaceuticals","link":"http:\/\/chimeraobscura.com\/vm\/category\/big-business\/pharmaceuticals"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4114,"url":"http:\/\/chimeraobscura.com\/vm\/anything-but-work-in-a-paper-box-factory","url_meta":{"origin":1071,"position":2},"title":"“Anything but . . . work in a paper box factory!”","author":"Gil","date":"June 23, 2009","format":false,"excerpt":"A \"Key Figure\" from sanofi-aventis' annual report: The title of this post is from one of my favorite Woody Allen movies. Relax: I don't expect any of you to get that one. (UPDATE: Summamabitch! sanofi got revenge on me! I was about 80% of the way through its profile, for\u2026","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"http:\/\/chimeraobscura.com\/vm\/category\/big-business"},"img":{"alt_text":"boxy","src":"https:\/\/i0.wp.com\/chimeraobscura.com\/vm\/wp-content\/uploads\/boxy.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2077,"url":"http:\/\/chimeraobscura.com\/vm\/bottoms-up","url_meta":{"origin":1071,"position":3},"title":"Bottoms up","author":"Gil","date":"May 28, 2008","format":false,"excerpt":"Sorry I didn't post earlier in the day, dear readers. I was just building up my courage for the plunge into our annual Top Companies Report, where I profile the top 20 pharma companies and top 10 biopharmas. I just have to tell myself, \"Come July 2, it'll all be\u2026","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"http:\/\/chimeraobscura.com\/vm\/category\/big-business"},"img":{"alt_text":"","src":"http:\/\/www.assoc-amazon.com\/e\/ir?t=virtualmemories-20&l=as2&o=1&a=B000FI73MA","width":350,"height":200},"classes":[]},{"id":1019,"url":"http:\/\/chimeraobscura.com\/vm\/pfed","url_meta":{"origin":1071,"position":4},"title":"Pf***ed","author":"Gil","date":"July 7, 2006","format":false,"excerpt":"Sorry for the lack of posts, readers! I'm really busy on the home-stretch of that Top Companies special issue. Gotta finish the final profile today, so's I can head to the shore tomorrow without worrying about it. I decided to save the biggest one for last: Pfizer. As you may\u2026","rel":"","context":"In "Pharmaceuticals"","block_context":{"text":"Pharmaceuticals","link":"http:\/\/chimeraobscura.com\/vm\/category\/big-business\/pharmaceuticals"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3998,"url":"http:\/\/chimeraobscura.com\/vm\/bea-0-fer","url_meta":{"origin":1071,"position":5},"title":"BEA 0-fer","author":"Gil","date":"June 2, 2009","format":false,"excerpt":"This NYTimes article on Book Expo America was pretty funny. On the one hand, e-books on the Amazon Kindle are ridiculed by Tina Brown for costing \"that paltry, pitiful sum\" of $9.99. On the other hand, Sherman Alexie is a complete douchebag: At a panel of authors speaking mainly to\u2026","rel":"","context":"In "0-fer"","block_context":{"text":"0-fer","link":"http:\/\/chimeraobscura.com\/vm\/category\/literature\/0-fer"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts\/1071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/comments?post=1071"}],"version-history":[{"count":0,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts\/1071\/revisions"}],"wp:attachment":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/media?parent=1071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/categories?post=1071"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/tags?post=1071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}