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Pharmaceutical

Bristol-Myers Squibb to acquire biopharm company

January 12, 2012
NEW YORK — Bristol-Myers Squibb has agreed to acquire biopharmaceutical company Inhibitex for $26.00 per share, according to a press release. The transaction, with an aggregate purchase price of
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J&J knowingly sold defective insulin pumps, FDA says

January 11, 2012
WASHINGTON — The Food and Drug Administration has accused Johnson & Johnson’s Animas unit of continuing to sell insulin pumps last year after learning of defects with the devices,
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Novartis recalls over-the-counter drugs

January 9, 2012
BASEL, Switzerland — Novartis announced Sunday that it is recalling a number of over-the-counter drugs, including certain bottles of Excedrin and Bufferin, due to complaints about chipped and broken
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Pfizer ordered to pay $45 million in menopause drug case

January 5, 2012
NEW YORK — An appeals court has ordered Pfizer Inc. to pay more than $45 million in damages to two women who claimed they developed breast cancer after taking
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New Teva CEO plans to shift focus to branded drugs

January 4, 2012
ERUSALEM — Teva Pharmaceutical Industries new CEO Jeremy Levin said he plans to shift the company’s focus from generics to branded drugs, The Economic Times reported. Levin, a former
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Merck to pay $24 million to settle Medicaid fraud lawsuit

December 21, 2011
BOSTON — Merck & Co. has agreed to pay $24 million to settle allegations that it overcharged the Massachusetts state Medicaid program, The Boston Globe reported. The settlement represents
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Pfizer’s failed blood-cancer drug helped leukemia patients, study finds

December 15, 2011
SAN DIEGO — According to a study released Wednesday at the American Society of Hematology meeting in San Diego, Pfizer Inc.’s blood-cancer drug Mylotarg, which was pulled from shelves
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FDA: Bayer must update Yaz warning labels

December 14, 2011
EAST ST. LOUIS, Mo. — An independent FDA panel has voted 21-5 to require Bayer AG to update warning labels on its popular birth control Yaz to reflect new
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Pfizer elects Ian Read as chairman of the board

December 13, 2011
NEW YORK — Pfizer Inc. announced Monday that its Board of Directors has elected current President and CEO Ian Read as chairman of the board, according to a press
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Merck to establish R&D headquarters in Beijing

December 6, 2011
BEIJING — Pharmaceutical company Merck & Co. announced plans to establish an Asian R&D headquarters in Beijing and commit $1.5 billion to research and development in China over the
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