This is a good video. In a couple of my prior posts I have mentioned what Merck stated as earnings last year $460 million, which is maybe not what one would expect for a giant pharma company, but they do have cash. Pharma is jumping through a lot of ropes like the rest of us as the drive for saving money in healthcare continues. Everybody is on the same wagon and drinking the same beverage today it seems. Some industries though by comparison are much smaller in size and have a different focus in healthcare, and yet are yielding higher profits such as those who specialize in Part D and Senior Healthcare Benefit management with venture capital investments.
Bravo Health – Venture Capital Backed Medicare Senior Health HMO Carrier Sees Profits of 1 Billion for 2009
| Discussion about Merck layoffs |
It seems the tide with the economy and world wide changes occurring today are changing where the money and profits lie and perhaps some areas to be further explored. Some pharma companies have outsourced a lot of R and D, as well as reducing employees, as that seems to be in the news every week. We also have the drive with biosimilars, where Merck is also making a stand with a purchase last year.
Merck Purchases Insmed – Biosimilar Biotech Drug Company
“The terms "Biosimilar" or "Follow-on Biologic" refer to products that are marketed after expiration of patents, which are claimed to have similar properties to existing biologic products. Due to the complexity of biologics, a product can only be made that is similar, but not identical.” Merck and Teva have emerged as the preeminent players in pharma's race to develop FOBs.
On another frontier, there’s patent battles going on in the industry as well and Merck and Teva are involved in one such court case and there are many more ongoing with most all the pharmaceutical companies.
Merck and Singulair – More Legal Battles Besides Teva With Patent Challenges
Listen to what Ed has to say here as he summarizes it pretty well. BD
PharmaGossip: Merck - Bad news: layoffs. Good news: CEO gets $11.9 million pay package
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Math–This Could be a Subject for Michael Moore to Explore and Document In a Movie
Screenings Too–Killer Algorithms Part 12–Medical Billing Codes Style
Assessing Consumer Credit Scores–Attack of the Killer Algorithms Chapter 21 With Flawed Data
Duping” Society Combined With A World of Rogue Algorithms & Flawed Data Continues In Markets As Seen With Knight Capital This Week-Attack of the Killer Algorithms Chapter 36
Study Fraud With EHR Technologies, Namely Medical Records/Billing Software Used by Hospitals– HHS And SEC Continue Getting Their Non-Algorithmic Fannies Kicked–Attack of the Killer Algorithms Chapter 46
SilverScript Senior Drug Program Sanctioned by Medicare Until the Payment And Billing Algorithms are Cleaned Up-Killer Algorithms Chapter 53
