Pink Sheet is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

SYNTEX ASSESSING DAMAGE TO ITS PALO ALTO HEADQUARTERS

Executive Summary

SYNTEX ASSESSING DAMAGE TO ITS PALO ALTO HEADQUARTERS sustained in the earthquake that struck the San Francisco/Oakland Bay Area Oct. 17. By week-end, six of the company's 23 Bay Area buildings remained partially closed or had restricted access; four buildings were completely closed, pending clean-up and repairs or further inspections for structural damage, a spokesperson said. Syntex is still calculating final damage estimates. The main building at Syntex "came through fine" and the company reported only three employee injuries among its approximately 4,000 Bay Area workers, the spokesperson noted. Manufacturing operations were back and running on Oct. 18, but some research facilities sustained damage or required extensive clean-up. At Genentech headquarters in South San Francisco, Cetus and Chiron in Emeryville (between Berkeley and Oakland) and Xoma in Berkeley, the main problem was the power outage which affected most of the Bay Area immediately after the earthquake. The companies all have emergency generator systems. None reported any significant structural damage. Genentech said it believes "that no ongoing research or inventory was harmed," thanks to the generators kicking-in. Power was fully restored by Oct. 18. Master culture and production strains at Cetus "are fine" because of the back-up power system, a spokesperson said. Chiron's product inventory "and proprietary research and production strains of recombinant organisms are intact and continue to be maintained under proper storage conditions," the company said Oct. 19. At Xoma, it is "business as usual." There are at least 27 biotech and pharmaceutical companies in the San Francisco/Oakland Bay area, scattered among the seven counties affected by the earthquake. Other companies in the area include KabiVitrum and Triton Biosciences in Alameda; Genelabs and Cygnus Research in Redwood City; and Liposome Technology in Menlo Park. Drug wholesaler delivery operations to hospitals and computerized customer ordering systems also came through the main quake and the numerous aftershocks. McKesson, Bergen-Brunswig and Amfac -- three of the country's major drug wholesalers -- each have offices in the Bay area and all are linked with the state's detailed earthquake preparedness plan. McKesson said its national data center in Sacramento was unaffected by the quake, except for tied-up phone lines. The company experienced no delivery problems from the outset, a spokesperson said. However, McKesson corporate headquarters in downtown San Francisco remained only partially open at week-end with a skeleton crew, due to faulty air-conditioning. Bergen-Brunswig, which had an airplane and helicopter standing by in case ground transportation hampered hospital deliveries, said it did not have any problems apart from freeway and road congestion in making deliveries in the early hours after the quake. A Bergen spokesperson noted that product inventory levels at hospitals and in drug distribution facilities in general is high at this time of the year, so that there likely would not have been any severe drug shortages even if deliveries had been delayed more. Amfac provided emergency supplies via helicopter airlift from Sacramento to the Santa Cruz and Watsonville community hospitals, both in towns near the quake's epicenter. At a local level, Amfac's Union City Branch reported it was able to make all its deliveries on Oct. 17. The company's Oakland distribution facility did have to switch to a back-up computer system because of power outages.

You may also be interested in...



Part D Discount Liability Coming Into Focus: CMS Releases Drug Cost Data

Newly released Medicare Part D data sheds light on the sales hit that branded pharmaceutical manufacturers will face when the coverage gap discount program gets under way in 2011

FDA Skin Infections Guidance Spurs Debate On Endpoint Relevance

FDA appears headed for a showdown with clinicians and the pharmaceutical industry over the proposed new clinical trial endpoints for acute bacterial skin and skin structure infections, the guidance's approach for justifying a non-inferiority margin and proposed changes in the types of patients that should be enrolled in trials

Shire Hopes To Sow Future Deals With $50M Venture Fund

Specialty drug maker Shire has quietly begun scouting deals with a brand-new $50 million venture fund, the latest of several in-house investment arms to launch with their parent company's pipelines, not profits, as the measure of their worth

UsernamePublicRestriction

Register

OM006051

Ask The Analyst

Ask the Analyst is free for subscribers.  Submit your question and one of our analysts will be in touch.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel