Garland Takes Helm Of Portola At A Crucial Time
Executive Summary
Portola touts exec's commercial management experience with Genentech success stories Avastin and Tarceva.
You may also be interested in...
Finance Watch: Five More Biopharmas Enter US Queue Even As IPO Returns Dip
Public Company Edition: SpringWorks has the biggest IPO ambitions of recent US filers. Also, Deciphera raises $400m after good data and Protalix seeks strategic alternatives.
Portola's Rocky Commercial Transition On Show In Q2, With No CEO
Company reported only $33,000 in sales for late anticoagulant market entrant Bevyxxa and $2.2m for the antidote Andexxa, leaving a lot of challenges ahead after the retirement of CEO Bill Lis, effective Aug. 1.
Portola Finally Gets FDA OK For Factor Xa Antidote AndexXa
It has taken a while and there were concerns that another trial may be needed before approval but AndexXa has got the green light in the US as a reversal agent for Eliquis and Xarelto. It comes with a warning and post-marketing commitments but Portola has very high hopes.