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Pharmaceutical

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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Parents claim Zoloft caused birth defects

December 1, 2011
ST. CLAIR COUNTY, Ill. — A recently filed lawsuit against Pfizer claims the ingestion of Zoloft during pregnancy led eight different couples to parent children with various birth defects,
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Onyx Pharmaceuticals considers sale

November 29, 2011
SAN FRANCISCO — Onyx Pharmaceuticals Inc., known for its kidney-cancer treatment Nexavar, is exploring options, including a possible sale, according to Bloomberg. Potential buyers are studying Onyx''s business and
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Pfizer to acquire Excaliard Pharmaceuticals

November 22, 2011
NEW YORK and SAN DIEGO — Pfizer Inc. and Excaliard Pharmaceuticals, Inc. announced today that they have entered into a definitive agreement under which Pfizer will acquire Excaliard, a
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