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CoCensys Inc.

Division of Purdue Pharma LP

Latest From CoCensys Inc.

Marinus Pharmaceuticals Inc.

Marinus Pharmaceuticals was founded to take ganaxolone, a problematic compound for which tantalizing human efficacy data already exists and reformulate it to overcome the pharmacokinetic and cost problems holding it back. In just two years since in-licensing it, Marinus has succeeded in reformulating the drug and putting it back into clinical testing for two epilepsy indications with hopes of building a multi-indication franchise around it.

Amylin's Leap of Faith

Unceremoniously dumped by its partner Johnson & Johnson in early 1998, Amylin struggled to carry on developing amylin--a hormone once hyped as "the missing link" in diabetes treatment. After twice failing to produce clinical evidence that the peptide benefitted diabetic patients, Amylin laid off 80% of its employees, and fell off Nasdaq's big board. Most investors dismissed the company, and their stake in it, as a lost cause. Amylin got a second chance in March 1999, via a private Series A financing. It's too soon to say whether the leap of faith by Amylin's new investors will be rewarded. The firm's aspirations for its lead drug are more modest now than in earlier days. It has no partner, and knows uncertainty still exists in the FDA process. Meanwhile, competitors' oral drugs are helping many Type 2 diabetics.
Clinical Trials

Teva Ends Hoechst's Generics Misery

Teva Pharmaceuticals is buying Copley Pharmaceutical, another demonstratiion of brand-name companies' disappointment in generics as a business. Hoechst paid more than $500 million for Copley, which it bought in the heyday of brand-name companies' infatuation with the strategy of getting into the generics business in order to ward off fierce generics competition when key branded drugs go off patent. But Copley ran into regulatory problems above and beyond a flawed strategy. Teva, on the other hand, becomes the biggest US maker of generic pharmaceuticals in terms of volume, although Mylan is still slightly ahead in terms of revenues. This comes at a time when size is a key ingredient for success in generics due to the commodity-like nature of the business and customer consolidation.
BioPharmaceutical Strategy

Mid-Sized Purdue Fills Out

Recent deals by mid-sized, privately owned Purdue fit a strategy carefully crafted to reduce the firm's dependence on a single big-selling drug..
BioPharmaceutical Strategy
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Company Information

  • Industry
  • Pharmaceuticals
  • Therapeutic Areas
  • Neurology, Nervous System
  • Alias(es)
  • Ownership
  • Private
  • Headquarters
  • Worldwide
    • North America
      • USA
  • Parent & Subsidiaries
  • Purdue Pharma LP
  • Senior Management
  • Eckard Weber, MD, SVP, Research & Drug Discovery
    Beth Schilling, VP, Corp. R&D
  • Contact Info
  • CoCensys Inc.
    Phone: (949) 753-6100
    201 Technology Dr.
    Irvine, CA 92618