ABC Money
Home

Roche cuts Tamiflu production


Published :
Thu, 26 Apr 2007 22:58
By : Agencies
Print this Story


AddThis Social Bookmark Button

TRENTON, N.J. (AP) - Roche Holding AG is scaling back production of its antiviral medicine Tamiflu now that it has filled orders from governments stockpiling the drug in case of a flu pandemic, officials at the Swiss drug maker said Thursday.

Still, Roche can boost production if inventory drops too low or the World Health Organization determines a need.

The deadly H5N1 bird flu has led to the slaughter of millions of birds in Asia and killed dozens of people. Scientists are watching for fear it will mutate and spread.

Switzerland-based Roche, with U.S. headquarters in Nutley, N.J., also is continuing several research projects to fine-tune dosage for children, people with the flu and those exposed to but not yet sick from bird flu or a severe influenza strain.

The company ramped up its production capacity 15-fold between 2004 and 2006, and now can manufacture 400 million treatment courses a year, William Burns, chief executive of Roche's pharmaceuticals division, told reporters during a conference call.

'We are taking steps diligently to make sure supply is not the issue' if Tamiflu is needed to curb an epidemic, Burns said. 'If we stopped tomorrow, we could still meet all firm orders in our hands, the next winter's supply and then some.'

Tamiflu sales began surging last year and helped boost Roche revenues 16 percent in the first quarter to $9.4 billion.

Despite big price discounts, some 80 countries around the world have ordered only about 215 million treatment courses, with some getting enough to cover half their citizens and others enough for 5 percent. The United States has ordered enough for one-quarter of the population.

Eugene Tierney, head of virology and transplantation for Roche, estimates a flu pandemic without any treatment would infect 102 million people in the United States and kill about 700,000. Giving Tamiflu to all infected people and all their contacts would slash that to about 39 million people infected and 51,000 killed.

Tamiflu, which Roche developed jointly with California-based Gilead Sciences Inc., also is taken to treat seasonal flu.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.




Share on


 You Might Like
Japan says no change to Tamiflu stocks after side effect warning
Roche cuts Tamiflu production as supply exceeds new orders
+
SKorea suspends Tamiflu use for young people - official
Japan finds 128 abnormal cases in Tamiflu probe

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
8723.27
-46.43 ( -0.53 %)
NASDAQ
1612.03
+12.97 ( 0.82 %)
FTSE 100
4505.37
-2.14 ( -0.05 %)

SYMBOL ( 2009-01-08 )
LAST
CHANGE
RECKITT BENCKISER ( 11:35am )
2760.00
+80.00 ( 2.99 %)
IMPERIAL TOBACCO ( 11:35am )
1868.00
+48.00 ( 2.64 %)
ROYAL DUTCH SHELL ( 11:35am )
1841.00
+36.00 ( 2.01 %)
BRITISH AMERICAN TOBACCO ( 11:35am )
1786.00
+32.00 ( 1.84 %)
ROYAL DUTCH SHELL-B ( 11:35am )
1768.00
+32.00 ( 1.86 %)

SYMBOL ( 2009-01-08 )
LAST
CHANGE
MICROSOFT ( 2:46pm )
20.07
+0.56 ( 2.85 %)
VERIZON COMMUNICATIONS INC ( 4:00pm )
31.90
+0.40 ( 1.26 %)
COCA COLA CO ( 4:00pm )
44.93
+0.22 ( 0.50 %)
GENERAL MOTORS ( 4:00pm )
4.13
+0.19 ( 4.74 %)
ALTRIA GROUP INC ( 4:02pm )
15.09
-0.06 ( -0.40 %)

SYMBOL ( 2009-01-08 )
LAST
CHANGE
MITSUI & CO LTD ( 3:59pm )
220.00
+10.00 ( 4.83 %)
AMER SCI ENGR ( 2:47pm )
77.85
+6.07 ( 8.31 %)
COMM BANCORP INC ( 9:30am )
39.48
+4.47 ( 11.32 %)
ISRAMCO INC ( 1:42pm )
31.25
+4.39 ( 14.49 %)
IMMUCOR INC ( 2:48pm )
27.06
+3.56 ( 13.98 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.