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Pharmaceutical
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Amylin Pharmaceuticals Files Suit Against Eli Lilly
May 16, 2011
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PRNewswire reports that Amylin Pharmaceuticals, Inc. has filed a lawsuit against Eli Lilly and Company in the United States District Court for the Southern District of California, alleging that Lilly
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Merck Serono Pays $44 Million to Settle Kickback Charge
May 5, 2011
The Department of Justice said that multinational drugmaker Merck Serono SA has agreed to pay $44.3 million to settle allegations that it illegally promoted one of its drugs using kickbacks
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Pfizer CEO Read Considering Sale of Four Divisions
May 4, 2011
Bloomberg reports that Pfizer Chief Executive Officer Ian Read is reviewing the possible sale or spinoff of four divisions with $18.3 billion in annual revenue, led by the company’s third-biggest
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Allergan Loses $212 Million Lawsuit Over Botox Side Effects
May 2, 2011
According to Bloomberg, Allergan Inc. was ordered by a Virginia jury to pay $212 million to a 67-year-old man who said he got permanent brain damage after being injected with
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SEC Probing Ex-Berkshire Executive Sokol
April 28, 2011
According to Reuters, the Securities and Exchange Commission is probing former Berkshire Hathaway executive David Sokol, who has been under scrutiny for his trading in Lubrizol, a person familiar with
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Abbott Labs Sued on Montana Woman''s Claim Humira Caused Nerve Damage
April 27, 2011
Bloomberg reports that Abbott Laboratories is being sued on claims that its top-selling drug Humira caused permanent nerve damage in the feet of a Montana woman who took it for
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Patient Dies in Pfizer Oral RA Drug Study
April 25, 2011
According to the Associated Press, Pfizer Inc., confirmed that one patient who was taking its drug candidate tofacitinib, a pill designed to treat rheumatoid arthritis, died during a recent clinical
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Dynavax to Receive $6 Million Payment from Glaxo
April 21, 2011
Biotechnology company Dynavax Technologies Corp., will receive a $6 million milestone payment from partner GlaxoSmithKline after it started a study on a potential lupus drug, according to the Associated Press.
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Doctor Accused of Hedge Fund Insider Trading
April 14, 2011
The Associated Press reports that an Ivy League-trained physician who became a health care hedge fund portfolio manager surrendered to face charges he evaded $30 million in losses for his
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Monsanto Company Announces $300 Million Debt Issue
April 13, 2011
According to PRNewswire, Monsanto Company announced a 5-year, $300 million public debt offering. Notes will be issued at 99.787 percent and bear interest at 2.75 percent, resulting in a yield
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