Economic Slowdown Puts Brakes On Simcere’s Profits
• By PharmAsia News
BEIJING - Simcere Pharmaceutical Group posted lower-than-forecast earnings for 2008 due to the country's low rate of insurance coverage, combined with patients' cutting back on medical expenditures in the wake of the global recession, according to a senior executive
Read the full article – start your free trial today!
Join thousands of industry professionals who rely on Scrip for daily insights
The Swiss drugmaker’s BAFF-R inhibitor and ADCC-mediated B-cell depletor candidate has chalked up another win in late-stage development, further strengthening its pipeline-in-a-product bid.
The drug, combined with Merck’s Keytruda, was successful among certain chemotherapy-ineligible MIBC patients, with another Phase III readout expected by March 2026.