Deals
Actelion Looks Within as Competition Lifts Drug Prices
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Actelion Ltd. is depending on in-house research to invent new medicines because the company can’t compete with bigger rivals to buy products in development elsewhere, Chief Executive Officer Jean-Paul Clozel said.
Actelion is looking “all the time” to acquire or license the rights to experimental drugs to lessen its reliance on treatments for pulmonary arterial hypertension, Clozel, 57, said in a Feb. 14 interview in his office in Allschwil, Switzerland. The company gets 95 percent of sales from medicines for the disease, in which arteries that move blood from the heart to the lungs narrow, causing high blood pressure.