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Business & Technology Briefs (11/2007)

Brief summaries of recent product and company developments in the device industry, including: poor acceptance dooms Exubera inhaled insulin; QLT bets big on ForSight plug; hot markets, lukewarm IPOs; Arteriocyte Medical launches; Synthes buys N Spine.

Pfizer Inc. took the diabetes industry by surprise in October when it announced it would discontinue sales of Exubera inhaled insulin, after only a little over a year on the US market, due to poor sales performance. The company also will cease further investments in a second-generation inhaled insulin device, currently in development. As a result of the decision, Pfizer will take a $2.8 billion pretax charge in the third quarter to write off product assets and inventory.

Pfizer invested more than a decade of time and money on the development of Exubera, in collaboration with Nektar Therapeutics, which pioneered the technology and manufactures the device for Pfizer....

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